WWE reveals second quarter 2018 financial results, Company reports “record revenue”

second quarter

WWE revealed the company’s 2018 second quarter financial results on Thursday morning, revealing “record revenue” figures for the company so far this year.

A breakdown of the financials include:

* Revenues increasing 31% to $281.6 million, the highest quarter revenue in WWE history.

* Operating income “nearly doubled” to $21.2 million, up from $10.7 million last year.

* WWE has completed new television agreements with NBC Universal and Fox Sports effective October 1, “which increase the average annual value (AAV) of WWE’s U.S. distribution to 3.6 times that of the prior deal with NBCU.”

* WWE Network average paid subscribers increased 10% to 1.80 million.

* Digital video views of WWE programming increased 58% to 14.4 billion, while hours consumed added up to 71% or 509 million across digital and social media platforms.

Vince McMahon provided the following comments on the financials.

“We’re pleased with our continued success in increasing the monetization of WWE content globally. This success is evidenced by the completion of our new U.S. distribution agreements with USA Network and Fox Sports, the staging of another record-breaking WrestleMania, and the development of a 10-year strategic partnership with the Saudi General Sports Authority.”