WWE Q3 Financials: TV Revenues Increase, Home Entertainment Down

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WWE reported their Q3 Financials this morning, and the promotion announced that TV revenues increased 55% to $65.2 million from $42.2 million in the prior year quarter driven by the renegotiation of key domestic and international distribution agreements, the largest of which became effective in the fourth quarter 2014 and the first quarter 2015. One of the big factors was additional episodes of the licensed original series Total Divas (the series aired 13 episodes in Q3 2015 vs. 4 episodes in Q3 2014) as well as the growth in revenue reflected the production and licensing of Tough Enough, a reality series that premiered on the USA Network on June 23, 2015.

Home Entertainment net revenues decreased to $3.0 million from $3.6 million in the prior year primarily due to lower shipments and sell-through of DVD/Blu-ray titles attributable, in part, to a broader decline in the home entertainment industry. The decrease reflected a 14% decline in domestic units shipped to 368,000 units that was partially offset by a 27% increase in the average effective price to $11.72 associated with changes in product mix.

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