WWE revealed its first quarter financial results on Thursday. The company reported revenues totaling $141.6 million compared to $142.6 million in the same quarter last year. Operating income is 19.6 million compared to $21 million in the prior year quarter.
"In the second quarter, we made important progress on our key strategic initiatives, expanding our content and distribution and enhancing our brand strength," Vince McMahon stated in a press release. "The production and licensing of a third hour of Raw and the launch of a new program, WWE Main Event, for ION Television, as well as our exploding social media presence which now reaches over 100 million global fans, exemplify our achievement of these goals.
"In order to cultivate further the unique passion of our global fans, we continued to integrate social media in our program content and entered a strategic investment agreement with Tout, which enables users to capture and share 15-second videos. Integrating our fans' voice in our programming enables us to escalate fan interaction, enhance our programming content, and drive the value of our investment."