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Live WWE Earnings Call Recap: WWE Stars Returning Soon, Vince McMahon Speaks
- Updated: May 10, 2016
WWE Chairman and CEO Vince McMahon, Chief Strategy and Financial Officer George Barrios and SVP Financial Planning & Investor Relations Michael Weitz hosted a First Quarter 2016 earnings call today from WWE headquarters in Stamford.
Weitz spoke first and welcomed everyone, then went over the basics for the call. He reminds us WrestleMania 32 took place in the second quarter of this year, not the first. Vince touts the earnings and revenue growth, calling it pretty good. He also touts the WWE Network subscribers and breaking the WrestleMania attendance record, saying it speaks to the strength of the brand. Vince says almost all tickets were sold out when they went on sale and there’s a lot of brand equity in the WrestleMania name. He said they had 19 hours of primetime premiere content during WrestleMania week and subscribers watched 22 million hours, about 12 hours per subscriber. They’re very excited about new content. He said Camp WWE is doing very well in their on-demand section. He also hyped Swerved season 2 and the Holy Foley show on the WWE Network, …
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