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WWE Studios Sees Big Increase in Revenue

Posted By Caroline Walsh on 02/08/18


WWE announced today in their earnings report that Revenues for WWE Studios from filmed entertainment increased to $9.6 million as compared to $2.4 million in the prior year quarter. The increase in revenue was due to the performance and timing of results from the Company’s portfolio of movies, including the delivery of Fighting With My Family, a feature film produced in partnership with Dwayne “The Rock” Johnson. Based on an evaluation of the Company’s film assets, however, an impairment charge of $1.5 million was recognized in the quarter relating to previously released titles. Excluding the impact of this charge, WWE Studios’ movie portfolio generated Adjusted OIBDA of $1.8 million as compared to a loss of $1.1 million in the prior year quarter.