Thursday, August 1, 2013

Vince McMahon comments on 2013 second quarter financial report

WWE revealed its 2013 second quarter financial results on Thursday. The company 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.

"In the second quarter, we continued to make investments in both staffing and talent to support our long-term growth objectives," Vince McMahon stated in a press release. "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." To official press release, visit Corporate.wwe.com

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