WWE Releases 2011 Fourth Quarter and Full Year Results



WWE announced Thursday financial results for its fourth quarter ended December 31, 2011. Revenues totaled $112.9 million as compared to $122.5 million in the prior year quarter. Operating loss was $13.1 million as compared to operating income of $14.4 million in the prior year quarter.

WWE reports the revenue decrease was “driven by declines across all of our operating segments.” Revenues from North America decreased by 9%, led by declines in film, television, and WWE.com businesses. Revenues outside North America decreased 5%, primarily due to a decline in licensing business.

“In 2011, we evaluated several paths for creating new programs and distributing all of our content in a way that optimizes its value. Executing this strategy effectively, including the potential creation of a WWE Network, has the power to transform our business,” said Vince McMahon in a press release.

“While we made significant progress toward this objective, our fourth quarter and full year results were impacted primarily by three items: significant non-cash film impairment charges stemming from the weak performance of our movie releases, strategic decisions to withhold several hours of previously licensed television content for distribution on other platforms, and initial start-up operating expenses associated with our emerging content and distribution strategy.

“Regarding the first item, we have taken several measures to improve the profitability of our movie business. And, regarding the other items, we believe that our ongoing investment to expand and maximize the value of our content is the most potent approach for driving our future earnings.”

The full financial report is available here.

*VIDEO* Vince McMahon injured on live TV



Recent Posts

Video: WWE Top 10 World Championship Victories

Video: WWE Top 10 World Championship Victories

Find out where Daniel Bryan's WWE World Heavyweight Championship victory falls on this edition of WW...

Chris Jericho Films New Series (Photo), John Cena, Roman Reigns & More Featured (Video)

Chris Jericho Films New Series (Photo), John Cena, Roman Reigns & More Featured (Video)

- Chris Jericho began filming Comedy Central's "Code5" show this past week. Jericho plays a characte...

WWE Superstars Hang With Celebrities On Vacation, Ex-WCW Star Has Surgery, Network

WWE Superstars Hang With Celebrities On Vacation, Ex-WCW Star Has Surgery, Network

- Former WCW and WWE star Konnan had hip replacement surgery on August 21st but was released from th...

New Details On Jake Roberts’ Condition, Update On Previous Reports, Sinn Bodhi Speaks

New Details On Jake Roberts' Condition, Update On Previous Reports, Sinn Bodhi Speaks

- In the video below, Bill Apter of 1wrestling.com talks with Sinn Bodhi about what has happened wit...

John Cena On WWE Talents Having A Chance To Step Up, Hulk Hogan On Vince At His Birthday

John Cena On WWE Talents Having A Chance To Step Up, Hulk Hogan On Vince At His Birthday

- Scott Fishman of The Miami Herald has an article up on Hulk Hogan and John Cena from their intervi...