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Originally Posted by Smelly Meatball
Record breaking revenue and yet their net profits are lower than pre-Network years. They simply are spending way too much money to the point they needed around a $200 million emergency loan to help cover costs late last year I believe.
Even the Network numbers are deceptive since they are only in the break even range and have to stay within it per month. WWE completely whiffed on their estimates since it was supposed to be around 2 million within a year and 3-4 million by now.
Also your last paragraph is barely true at all. If it wasn't for tv fees, WWE would be posting net losses and not net gains. Everything else outside of the tv revenues is down and has been trending that way the past several of years.
They do have a chance to improve their net profit for this year because of the tv fee being higher than last year but that can easily be eaten away by another Network based show if the stuff about the UK guys ends up happening.
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I'm curious. Where are you getting your break even numbers for the network? Take a look at their financial statements, it clearly shows the networks contribution to the bottom line. And it's positive. Stop reading BS reporting from people who don't know the business.
The $200M wasn't anything out of desperation, it was part of long term planning to grow various areas of the business. You have to spend money to make money. If the street would have seen that loan as a desperate move, the stock would be tanking. Instead it's nearing its nearing its all time high.
Another wrong statement about everything being down. Everything other than TV is not down. Network is up. Venue merchandising was up. Liscencing was up. WWEShop was up. Revenue in just about every segment of the business was up. But hey, don't let facts get in the way of an ignorant post.
Try to come back after you actually went through their numbers. Then we can discuss like gentlemen.