WWE incurred $5.3 million of expenses in the second quarter related to costs in connection with and/or arising from an investigation into executive chairman Vince McMahon and related matters
Each WWE premium live event in the latest quarter “set global unique viewership records, with year-over-year increases of 29 percent, 34 percent and 45 percent, respectively,” the company also said on Wednesday. Live events revenue jumped 51 percent, “reflecting continued strong demand for domestic and international events.
WWE’s second-quarter revenue of $410.3 million marked an increase of 25 percent over the same period of 2022 and a quarterly record. Operating income of $87.3 million rose 26 percent, while adjusted operating income before depreciation and amortization jumped 54 percent to $140.7 million, also a quarterly record. Net income for the second quarter rose from $49.0 million to $52.0 million, making for an earnings gain from 58 cents to 67 cents per share.
“We generated strong financial results in the quarter, highlighted by record quarterly revenue and adjusted OIBDA,” said WWE CEO Nick Khan. “Operationally, we continue to effectively execute our strategy, including staging the most successful , as well as our other premium live events such as
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