Headlines WWE News Vince McMahon Comments on 2013 Second Quarter Financial Report

Vince McMahon Comments on 2013 Second Quarter Financial Report

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As noted earlier, WWE released its 2013 second quarter financial results earlier this morning. The organization reported revenues totaling $152.3 million compared to $141.6 million in the same quarter last year. Operating income declined to $8.8 million compared to 19.6 million in the prior year quarter. Vince McMahon commented on the companies’ investments in a press release:

“In the second quarter, we continued to make investments in both staffing and talent to support our long-term growth objectives. These initiatives, including the recent opening of a world-class performance training facility, and the highest grossing WrestleMania in our Company’s history, demonstrate our commitment to develop our talent, build our brands, and provide a solid foundation for future growth”

“We continue to believe that these investments will enhance our ability to create new programs and to distribute all of our content in a way that optimizes its value, through the renewal of key television contracts and the potential launch of a WWE network.”

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