World Wrestling Entertainment Inc. announced that WrestleMania XXVI helped more than double profits in the first quarter.
The live and televised events promoter earned $24.7 million, or 33 cents a share, in the three months ended March 31, up from $10.3 million, or 14 cents a share, earned the same period last year.
Revenues climbed in the latest quarter to $138.7 million from $107.8 million a year earlier.
Chairman and Chief Executive Vince McMahon said WWE reached its highest operating margin in recent history, propelled by "Wrestlemania XXVI.'' McMahon said the March 28 live event in Glendale, Ariz., drew 70,000 fans and earned more than $13 million...More?
source: hartfordbusines.com
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