WWE released their financial numbers for first 3 months of 2011.. Any thoughts?

Question

Source:
http://www.pwinsider.com/article/57716/wwe-first-quarter-financial-results.html?p=1

I think that there is some interesting numbers there. It seems like they had a better first quarter than last year. While the numbers are lower than they were last year, last year they have Wrestlemania counted in, which they dont have this year, and you know that WM is going to make a huge difference..

Revenue Jan - March 2010 (with Wrestlemania) = 138 725 000 $
Revenue Jan - March 2011 (no Wrestlemania) = 119 907 000 $ 
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From what I understood (not really sure cause Im no accountant) their profit was 46 700 000 $, which is lower than last year, but still, no Wrestlemania is counted..

Profit Jan - March 2010 (with Wrestlemania) = 65 000 000 $
Profit Jan - March 2011 (no Wrestlemania) = 46 700 000 $
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Something that really caught my eye was the free cash flow numbers (I believe this is the amount of cash they have to do whatever they want with) was waaaay down..

Free Cash Flow: Jan - March 2010 (with Wrestlemania) = 38 476 000 $
Free Cash Flow: Jan - March 2011 (no Wrestlemania) = 24 751 000 $

The Dragon · Accepted Answer

Free Cash Flow is a very important number.  That's their "working capital", the money they use for investments, expansions, new equipment, etc.  This year's much lower number could be attributed to the new show (Tough Enough) they've invested in.  Whether that "investment" pays off is still to be seen as Tough Enough is still too new to tell.

A quick check at msn money shows the WWE is not doing very well the past year or so.  Stock prices are WAY down from a year ago.  Most likely due to lower PPV buyrates throughout the entire year, the failure of NXT to do well on TV, and the new TV show Tough Enough.

This could be just the slump that occurs every few years in the wrestling business.  Vince is a smart businessman with a proven track record (in the wrestling business).  I'm sure he can turn things around eventually.  Losing a lot of marquee money-makers (like HBK and Edge) recently has hurt and he hasn't found "replacements" yet.

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Midnight Prodigy™ · Answer

They just need to lower the prices!

JOHNY RUUDY · Answer

My thoughts..... I don't really care but look at how much they make, they should lower ppv prices...

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WWE released their financial numbers for first 3 months of 2011.. Any thoughts?

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