Thursday, February 20, 2014

Pure WWF/WWE Financials 1994-2013

I've been assembling WWF/WWE Financials to provide more comprehensive looks.

Pure WWF/WWE Financials 1994-2013


START5/1/19945/1/19955/1/19965/1/19975/1/1998
END
4/30/1995
4/30/1996
4/30/1997
4/30/1998
4/30/1999
FISCAL YEAR
FY1995
FY1996
FY1997
FY1998
FY1999
PPV EVENTS
5
12
12
12
12
PPV BUYS
1,868,900
2,831,700
2,252,200
2,936,100
5,365,100
REVENUE
$87.35
$85.82
$81.86
$126.23
$250.34
Net income (loss)
$(4.43)
$3.20
$(6.51)
$8.47
$56.03
EBIDTA

$7.71-($4.96)$12.15$58.93
ATTENDANCE
1,163,259
931,954
1,060,740
1,576,112
2,273,701
EVENTS
347
247
199
218
199

START5/1/19995/1/20005/1/20015/1/20025/1/2003
END
4/30/2000
4/30/2001
4/30/2002
4/30/2003
4/30/2004
FISCAL YEAR
FY2000
FY2001
FY2002
FY2003
FY2004
EVENTS
12
12
12
12
12
PPV BUYS
6,884,600
8,010,400
7,135,464
5,378,100
5,604,000
REVENUE
$377.90
$438.14
$409.62
$374.30
$374.91
Profit Contribution
$158.34
$188.86
$158.50
$136.90
$167.80
Net income (loss) 
including XFL and
the World
$58.91 

$15.99


$42.23


-$(19.20)

$48.2 
Net income (loss) 
excluding XFL and
the World
$59.58 
$62.90
$37.60 
$16.1
$49.6  
EBIDTA
$87.24
$92.92
$55.23
$37.6
$85.9
Attendance
2,485,100
2,449,8002,032,7541,815,1001,647,900
Events
206
212237327329
Profit Contribution %
41.9%
43.1%38.7%36.6%44.8%
EBIDTA %
23.1%
21.1%13.5%10.0%22.9%


START5/1/20045/1/20051/1/20061/1/20071/1/2008
END
4/30/2005
4/30/2006
12/31/2006
12/31/2007
12/31/2008
FISCAL YEAR
FY2005
FY2006
CY2006
CY2007
CY2008
PPV EVENTS
14
16
16
15
14
PPV BUYS
5,280,800
6,241,100
5,744,000
5,218,000
5,034,400
REVENUE
$366.43
$400.05
$415.30
$485.66
$526.46
Profit Contribution
$153.10
$172.90
$170.40
$186.90
$214.70
Net income (loss)
$39.10
$47.05
$48.80
$52.14
$45.42
EBIDTA
$62.20
$81.00
$74.30
$77.80
$83.40
ATTENDANCE
1,617,430
1,713,840
1,975,500
2,115,300
2,203,300
EVENTS
325
300
308
308
319
Profit Contribution %
41.8%
43.2%
41.0%
38.5%
40.8%
EBIDTA %
17.0%
20.2%
17.9%
16.0%
15.8%

START1/1/20091/1/20101/1/20111/1/20121/1/2013
END
12/31/2009
12/31/2010
12/31/2011
12/31/2012
12/31/2013
FISCAL YEAR
CY2009
CY2010
CY2011
CY2012
CY2013
EVENTS
14
13
13
12
12
PPV BUYS
4,490,200
3,631,100
3,842,100
4,023,000
3,838,000
REVENUE
$475.16
$477.60
$483.90
$484.00
$508.00
Profit Contribution
$219.30
$203.40
$168.70
$199.60

Net income (loss)
$50.30
$53.50
$24.80
$31.40
$2.80
EBIDTA
$91.60
$94.00
$52.00
$63.20
$30.40
ATTENDANCE
2,383,800
2,155,700
1,976,500
1,854,100
1,919,500
EVENTS
342
327
321
314
321
Profit Contribution %
46.2%
42.6%
34.9%
41.2%

EBIDTA %
19.3%
19.7%
10.7%
13.1%
6.0%

Notes:
  • Information was pulled from a combination of SEC filings, Trending Schedules and WWE Investor Presentations
  • Note that while all periods are 12 months, 2006 is represented twice - a FY2006 (May 2005-April 2006) and a CY2006 (Jan 2006-Dec 2006)
  • In 2013 the company switched from EBITDA to OIBDA but retained the same calculation. Profit Contribution was not listed on the 2013 Trending Schedule.
  • Various charges 
    • XFL and The World: $1.4M (FY2004), $35.6M (FY2003), $0.3M (FY2002), $48.5M (FY2001), $0.7M (FY2000)
    • Hotel/Casino: bought $10.9M (FY1999), sold $11.3M (FY2000)
    • WWE Studios: $11.7M (CY2013), $1.3M (CY2012), $23.4M (CY2011), $1.9M (CY2008), $15.7M (CY2007)
    • Reversal of accrued licensing agent commissions: -$7.9M (FY2004)
    • Legal Settlements: $7.0M (FY2001), $6.2M (FY2003), -$5.9M (FY2004)
    • Early Termination of Office Space Lease: $0.7M (FY2003)
  • On the 2/20/14 Conference Call, CFO George Barrios noted that WWE had spent about $12M on WWE Network development in 2013 which along with the film impairment charges is likely what drove the major dip in EBITDA/OIBDA and Net Income in 2013.

Revenue Streams by Segment


START5/1/19995/1/20005/1/20015/1/20025/1/2003
END
4/30/2000
4/30/2001
4/30/2002
4/30/2003
4/30/2004
FISCAL YEAR
FY2000
FY2001
FY2002
FY2003
FY2004
PPV
$106.40
$128.20
$112.00
$91.10
$95.30
Live Events
$68.90
$82.00
$74.50
$72.90
$70.20
TV Rights
$12.10
$35.30
$53.30
$58.50
$71.00
Advertising
$77.90
$90.20
$83.70
$72.90
$59.50
Licensing + Other
$43.70
$37.40
$24.40
$22.50
$22.60
Home Entertainment
$20.00
$12.20
$13.60
$13.80
$21.40
Merchandise
$21.50
$22.00
$26.20
$22.50
$18.60
Publishing
$16.20
$18.40
$17.60
$15.20
$10.70
WWE.com
$11.10
$12.50
$4.40
$4.90
$5.60

START5/1/20045/1/20051/1/20061/1/20071/1/2008
END
4/30/2005
4/30/2006
12/31/2006
12/31/2007
12/31/2008
FISCAL YEAR
FY2005
FY2006
CY2006
CY2007
CY2008
PPV
$85.50
$94.80
$93.60
$94.30
$91.40
Live Events
$78.70
$75.00
$83.70
$99.30
$105.70
TV Rights
$78.00
$81.50
$85.50
$92.40
$100.70
Advertising
$43.70
$22.60
$7.40
$5.90
$7.40
Licensing + Other
$21.60
$32.70
$32.70
$47.90
$61.80
Home Entertainment
$20.10
$42.60
$49.90
$53.70
$58.50
Merchandise
$18.00
$27.90
$35.50
$37.70
$37.00
Publishing
$12.20
$11.10
$12.40
$16.50
$15.40
WWE.com
$7.80
$9.70
$11.00
$16.20
$16.30
WWE Studios
$0.00
$0.00
$0.00
$16.00
$24.50
WWE 24/7
$0.80
$2.20
$3.60
$5.80
$7.80

START1/1/20091/1/20101/1/20111/1/20121/1/2013
END
12/31/2009
12/31/2010
12/31/2011
12/31/2012
12/31/2013
FISCAL YEAR
CY2009
CY2010
CY2011
CY2012
CY2013
PPV
$80.00
$70.20
$78.30
$83.60
$82.50
Live Events
$108.80
$104.60
$104.70
$103.70
$111.50
TV Rights
$111.90
$127.00
$131.50
$139.50
$160.90
Advertising
$7.70
$5.90
$1.10
$1.40
$2.50
Licensing + Other
$46.80
$54.30
$56.80
$48.80
$46.40
Home Entertainment
$39.40
$32.10
$30.40
$33.00
$24.30
Merchandise
$35.80
$32.40
$33.90
$33.60
$34.90
Publishing
$13.50
$11.00
$7.70
$6.00
$5.70
WWE.com
$16.80
$14.90
$12.50
$19.70
$23.00
WWE Studios
$7.70
$19.60
$20.90
$7.90
$10.80
WWE COD
$6.80
$5.60
$6.10
$6.80
$5.50

Notes:
  • Information was pulled from a combination of SEC filings, Trending Schedules and WWE Investor Presentations
  • Note that while all periods are 12 months, 2006 is represented twice - a FY2006 (May 2005-April 2006) and a CY2006 (Jan 2006-Dec 2006)
  • I would recommend looking at TV Rights+Advertising together.  TV Rights represent both domestic and international TV Rights deals.
  • Merchandise is a combination of Venue Merchandise and WWEShop and Catalog Sales
  • Licensing + Other is Licensing plus Consumer Products Other
  • WWE 24/7 is really the Live and Televised Entertainment Other category (which included WWE Classics on Demand, fka WWE 24/7)
Please feel free to use these numbers for your own analysis and articles! 

It would be kind that if should you choose to use these numbers as a "source of truth", please link back to this page.  I've tried my best to verify the numbers, and where there were changes, use the latest version of the data.  I will try to post corrections and additional information here in the future.

-Chris Harrington
twitter: @mookieghana
email: chris.harrington@gmail.com

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