WWE Q4 Financials: WWE Studios Struggles Continue

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The WWE released their Q4 financial report today, and in that report reported that WWE Studios recognized revenue of $2.9 million as compared to revenue of $5.0 million in the prior year quarter. This was based primarily due to the performance and timing of results from the Company’s portfolio of movies. The fourth quarter 2014 reflected revenue from the animated feature Scooby Doo!: WrestleMania Mystery, which they say “surpassed performance expectations”.

They also had an impairment charge of $1.5 million in the quarter. The charge was primarily related to revised expectations for the movie Oculus, and due to that, WWE Studios’ movie portfolio generated a loss of $0.4 million in the quarter compared to income of $0.1 million in the prior year quarter.

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