WWE Posts Gains In Q2, With Strong Media, Sponsorship Results

WWE's earnings report showed that "revenues and profits grew" in Q2, "spurred by gains in several areas." Revenues increased about 8% from Q2 '16 to a "company record" of $214.6M, as "live event and network sectors produced their highest-ever quarterly revenues." Adjusted earnings were $18M, "more than doubling" the $7.5M in the year-ago period. On the media side, WWE Network averaged "more than 1.63 million average paid subscribers," up 8%. Through the first six months of the year, "video views have increased" 18% to some 9 billion. Sponsorship revenue rose 25%, "boosted by new deals with KFC, Nestle, AT&T and several video-game developers" (STAMFORD ADVOCATE, 7/28).