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Live Recap From WWE’s Third Quarter 2016 Earnings Call With Vince McMahon
- Updated: October 27, 2016
WWE Chairman and CEO Vince McMahon, Chief Strategy and Financial Officer George Barrios and SVP Financial Planning & Investor Relations Michael Weitz are hosting a Third Quarter 2016 earnings call today from WWE headquarters in Stamford. You can check out coverage of this morning’s press release at this link. Below are highlights:
* The call starts a few minutes late. Weitz opens the call with the usual introduction. Vince takes over next and touts revenue that was announced earlier. He says they remain very bullish on their longterm opportunities and with the WWE Network expanding. He touts the subscribers. Regarding TV ratings, Vince says the brand extension continues to work very well. He says SmackDown going live is doing about twice the ratings it was doing a year ago and numbers are also up from the taped shows. Vince says NBCUniversal has secured 50 new blue-chip advertisers and they feel that’s a good sign. He touts international expansion in Germany and several billion video views online, a 71% increase from the same period in 2015. He calls that extraordinary. He mentions ESPN and other sites picking them up, saying everyone is recognizing their value and taking advantage of it
* Barrios takes over next and goes over the numbers that were announced this …
