WWE News: Second Quarter Earnings Report Released

WWE has released their second quarter earnings report for 2013.

STAMFORD, Conn.–()–WWE (NYSE:WWE) today announced financial results for its second quarter ended June 30, 2013. Revenues increased $10.7 million or 8%, to $152.3 million from $141.6 million in the prior year quarter driven by the increased production and licensing of television content as well as increased ticket revenue from the Company’s premiere event, WrestleMania, partially offset by the timing of one less pay-per-view event in the quarter. Operating income, however, declined to $8.8 million as compared to $19.6 million in the prior year quarter reflecting increased staffing expenses to support our various strategic initiatives. Net income was $5.2 million, or $0.07 per share, as compared to $11.9 million, or $0.16 per share, in the prior year quarter.

“In the second quarter, we continued to make investments in both staffing and talent to support our long-term growth objectives. These initiatives, including the recent opening of a world-class performance training facility, and the highest grossing WrestleMania in our Company’s history, demonstrate our commitment to develop our talent, build our brands, and provide a solid foundation for future growth,” stated Vince McMahon, Chairman and Chief Executive Officer. “We continue to believe that these investments will enhance our ability to create new programs and to distribute all of our content in a way that optimizes its value, through the renewal of key television contracts and the potential launch of a WWE network.”

“Although our earnings declined in the quarter, we believe that the investments we are making will maximize the return to shareholders over time,” added George Barrios, Chief Financial Officer. “We believe that our 2013 results, excluding the impact of film impairments, will fall within the lower end of the range previously communicated, which was ‘plus or minus 10 percent’ from our 2012 OIBDA results of $63 million.”

Here are the buyrate totals for the quarter:

-  WrestleMania 29 drew 1,039,000 buys, down from the 1,217,000 that WrestleMania 28 did the previous year. WrestleMania 27 scored 1,059,000 buys, WrestleMania 26 drew 885,000 buys, and WrestleMania 25 tallied 975,000 buys.

-Extreme Rules in May drew 231,000 buys. The 2012 version of the event scored 263,000 buys, Extreme Rules 2011 produced 209,000 buys, the 2010 version scored 182,000 buys.

- The June Payback pay-per-view produced 186,000 buys. The June pay-per-view was named No Way Out last year and earned 194,000 buys. It was called Capitol Punishment in 2011 and earned 170,000 buys. The event was called Fatal Four Way in 2010 and earned 143,000 buys.

 

Between The Ropes Podcast – July 30, 2013

Brian and Steve talk about WWE Monday Night Raw including the latest on Daniel Bryan and the inclusion of the McMahon family in his storyline leading up to his SummerSlam match against John Cena, what the end game could be for that storyline, other storylines that like right now, which guys are going nowhere, the debut of Total Divas, TNA’s mystery man and more.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Facebook and Twitter.

Play

‘WWE Monday Night Raw’ Reaction and Review – July 29th, 2013

For complete coverage of everything that happened on Monday Night Raw, be sure to check out last night’s WWE Raw Rundown.

daniel bryan 2Internet fans finally got what they wanted, with Daniel Bryan confronting Vince McMahon to kick-off the show. Smart decision by creative here. With Vince openly confronting Bryan about his chances to win, viewers have an even bigger reason to pull for Daniel Bryan. This segment sold Bryan both as a legitimate title contender, and as a main-event superstar. And while I thought the “anti-Cena” rherotic was a bit weird coming from the boss, it leaves me curious about where this storyline is heading. My prediction? An Orton-McMahon alliance is in the wings.

Ryback didn’t look nearly as impressive as Bryan, though. His match with Cena was fun. The problem is, he’s lost countless times now, and his character seems utterly directionless. Is he still a main-event guy? Is his heel personal even relevant anymore? Seeing him put a random backstage citizen through a table just felt forced, and inspired nothing in me but a strong desire to change the channel.

Mark Henry and The Usos lost their match against The Shield, but they ended up as the last group standing… again. I feel like they’ve gotten their “babyface revenge” at this point.

CM Punk, however, still hasn’t gotten his hands on Paul Heyman. These two didn’t cut a promo against each other last night, and they honestly didn’t need to. What’s needed to be said has already been said. Heyman sneaking away by any means necessary only makes the fans hate him more, and things should pick up considerably once Lesnar returns. This was filler, but that doesn’t make it bad by default.

Also falling into the “more of the same” category was the Wyatt Family’s attack on Kane. It was a necessary evil, having to re-introduce Kane to these guys after a few weeks off, and vice-versa. I’m looking for WWE to bring something fresh to the table in the coming weeks.

Christian’s winning streak continues to be one of my favorite things on WWE television right now. He’s already defeated a few low-to-mid profile acts, but cemented his return with a strong victory over Alberto Del Rio in a very competitive match. These two had great chemistry on Raw, and I’m hoping they end up locking horns at SummerSlam. It’s nice to see Christian finally treated as the true veteran he is.

Overall show wasn’t bad, but it wasn’t great either. I like a little more intrigue from my WWE TV (and a little less “Total Divas” filler). And while the show tried to live by its strong in-ring action, it died by the number of non-finishes throughout the night. It was a paint-by-numbers kind of evening.

What did you think of last night’s show?  Sound off in the comments below, or let me know on Twitter @therealwiseman. Also, be sure to follow @BetweenTheRopes while you’re at it!

WWE Raw Rundown – 7/29/2013

Raw SidewaysWhile there was nothing particularly wrong with tonight’s WWE Raw, the show seemed lacking in a few areas.  I really enjoyed the focus on in-ring action.  However, the show suffered from too many non-finishes, and didn’t offer any “must-see” segments. Here’s the rundown: [Read more...]

Between The Ropes | David Shoemaker – July 24, 2013

David Shoemaker (AKA The Masked Man) of Grantland.com talks about his latest column “Hipster Wrestling“, if wrestling is cool again, the new type of wrestler and connected with today’s society, the rise of Daniel Bryan in the WWE and whether or not he can be the face of the company, having the McMahons on television, WWE being PG television these days and making that work, what he thinks will happen at SummerSlam between Bryan and John Cena and more.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Facebook and Twitter.

Follow David on Twitter (@AKATheMaskedMan)

Play

Between The Ropes Wrestling Podcast – July 22, 2013

Brian and Steve talk about the current cuts in TNA Wrestling including both Bruce Pritchard and D’Lo Brown being let go, the current position of TNA, the issues with the house show over the weekend, a preview of tonight’s edition of WWE Raw, talk of Steve Austin returning at WrestleMania 30, the role of WrestleMania for the company and more.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Facebook and Twitter.

Play

TNA Needs to Grow Up and Start Acting Like a Real Business

impact_wrestling_logoNews broke early this morning that TNA had to offer refunds for a house show Saturday night in Cape Girardeau, Missouri. Apparently, some states still require professional wrestlers to get licensed and tested, much like MMA fighters, while other states allow them to fall into the “professional entertainer” category. To put this in perspective, WWE recently ran a show in Cape Girardeau without any newsworthy issues. [Read more...]

WWE Smackdown Rundown – July 19th, 2013

smackdown outlineEntertaining edition of WWE Smackdown. The matches didn’t fully deliver, but the show had enough going for it to keep viewers intrigued. Let’s look closer: [Read more...]

WWE Raw Rundown – July 8th, 2013

Raw SidewaysEntertaining Monday Night Raw tonight. While three hours still feels too long for a weekly wrestling show, the show had a number of great hooks, and a solid final build towards Money in the Bank that made it worth watching. Let’s take a look: [Read more...]

Between The Ropes Wrestling Podcast – July 2, 2013

stingBrian and Steve are back to talk about Raw from last night including the direction for Daniel Bryan, divas, the world champions vignettes, rumors of a possible world champ joining the WWE, the Wyatt Family debut next week, Ricardo Rodriguez suspension and more.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Twitter @BetweenTheRopes

Play

Between The Ropes Wrestling Podcast Talking WWE Raw, Payback – June 12, 2013

btrlogoBrian and Steve talk about Raw from Monday night including the Triple H vs. Vince McMahon argument, Ryback feuding with John Cena, Daniel Bryan facing Seth Rollins, Antonio Cesaro going forward, very little mention of CM Punk as well as the build up to this Sunday’s WWE Payback PPV and some predictions for that show too.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Twitter @BetweenTheRopes

Play

WWE Raw Highlights – June 10th, 2013

rawHere’s a quick look at tonight’s very entertaining edition of Raw.  Be sure to check back tomorrow for a more in-depth review of everything important that took place, along with a few more thoughts and opinions. [Read more...]

Between The Ropes Raw Preview Podcast – June 10, 2013

wwe logoBrian and Steve preview tonight’s edition of Raw including if Triple H will square off against Curtis Axel, Kaitlyn’s secret admirer, Dolph Ziggler’s return, if CM Punk will be on the show, what will happen between John Cena and Ryback, the lineup for this Sunday’s Payback PPV, heel and babyface turns in WWE, Mark Henry’s Twitter rant and Hulk Hogan’s recent comments on Twitter as well.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Twitter @BetweenTheRopes

Play

Between The Ropes Wrestling Podcast Talking WWE Raw, Daniel Bryan – June 5, 2013

btrlogoBrian and Steve talks about the Rampage Jackson conference call and thoughts of him getting in the ring for TNA Wrestling, Raw from Monday night including the awesomeness of Daniel Bryan and his future there, Triple H vs. the McMahons, John Cena against Curtis Axel, the Payback PPV coming up in less than two weeks, show ratings and much more.

Subscribe to Between The Ropes on iTunes so you can automatically get the latest podcasts.

Follow Between The Ropes on Twitter @BetweenTheRopes

Play

Court Bauer Discusses Wrestlemania 29 And Why The WWE Didn’t Need The Undertaker This Year

wrestlemaniaWe talk to the former WWE Creative Writer and owner of Major League Wrestling, Court Bauer. We discuss the latest on MLW and preview Wrestlemania 29 this Sunday from New York City. Bauer also goes into great detail breaking down the triple main event of the biggest show of the year in wrestling.

You can follow Court on Twitter @CourtBauer and can follow MLW @MLW.

Follow Between The Ropes on Twitter @BetweenTheRopes and on Facebook.

Follow me on Twitter @S_Muehlhausen7.

 

Play

Between The Ropes – January 25, 2013 | Sheamus

sheamusWWE superstar Sheamus talks about this Sunday’s Royal Rumble PPV, winning the rumble match last year, WrestleMania 29, who he thinks he will face and who he would like to square off against, if he has personally lobbied Vince McMahon for a match with The Undertaker, CM Punk vs. The Rock, John Cena’s promo on Raw, the youth movement in the company and also his dancing moves which he showed off recently on Smackdown.

Subscribe to Between The Ropes on iTunes

Subscribe to Between The Ropes on Stitcher

Follow me on Twitter (@BrianFritz)

Follow Sheamus on Twitter (@WWESheamus)

Play