Does Financial Crisis Hits the WWE?

On May 7th, 2009, World Wrestling Entertainment, Inc announced financial results for its first quarter ended March 31, 2009.

As you can see, numbers in tis year are smaller compared to the prior year.

• Revenues totaled $107.8 million as compared to $162.6 million in the comparable prior year quarter.

• Operating income was $16.7 million as compared to $27.1 million in the prior year quarter.

• Net income was $10.3 million, or $0.14 per share, as compared to $19.5 million, or $0.27 per share, in the prior year quarter.

For a complete breakdown of WWE's first quarter financial results and how this quarter compared to Q1 2008 (including data on live events, merchandise, PPV buyrates, revenue by region and more), visit Corporate.WWE.com [PDF file].

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