financial

Standard & Poor’s revises Zuffa outlook to negative

November 20, 2014 by Jason Cruz 34 Comments

The Standard & Poor’s Ratings Service has revised Zuffa, LLC’s financial outlook to negative from stable on weaker operating performance. It has indicated that it anticipates a 40% decline in EBITDA in 2014 and credit measures will weaken due to the decline. In a press release disseminated by S&P, it stated that the negative rating […]

Wrestlemania XXX generates $142M for New Orleans per study

November 13, 2014 by Jason Cruz Leave a Comment

The WWE and New Orleans Mayor Mitch Landrieu announced on Wednesday that Wrestlemania XXX generated an economic impact for the region of $142.2 million for the New Orleans region. The $142.2 million is a record for Wrestlemanias and is the third straight year the destination event has generated more than $100 million for the host […]

WWE announces 731K total WWEN subs for 3rd Quarter

October 30, 2014 by Jason Cruz 9 Comments

The WWE announced its 3rd Quarter ratings on Thursday as it reported a net loss of $5.9 million ($0.08 a share) compared to net income of $2.4 million ($0.03 a share) from the third quarter in 2013. The big news is that the WWE Network has not picked up subscribers as projected and now a […]

TV deals aid UFC financials in PPV decline

October 13, 2014 by Jason Cruz 37 Comments

MMA Fighting reports that the UFC’s television deals are why the UFC has withstood down PPV numbers. As previously reported by the Sports Business Journal and reflected in its latest S&P report, a combination of the television contracts and expansion overseas are seen as positive revenue drivers for the company. In Dave Meltzer’s piece, he […]

WWE reports 2014 Q1 Earnings

May 2, 2014 by Jason Cruz Leave a Comment

On Thursday, the WWE announced its First Quarter earnings for 2014. Despite a loss of $8 million ($0.11 per share) due to the WWE Network, it beat analyst expectations by 0.05. This quarter in 2013, the WWE saw net income of $3.0 million or $0.04 per share. The most notable news was the lack of […]