WWE s earnings were released earlier today. The company is reporting that their fourth-quarter profit fell 35% due to low ticket sales at WWE house shows, pay-per-views and TV tapings. A big drop also came from advertising revenue. Revenue for WWE live shows dropped by 10% to $92.3 million which is mainly due to the loss of the TV ad revenue that they got on their Spike TV deal and got dropped when they moved to USA.
WWE will be having an earning conference call later today. We will have a report from the conference call here when it is over.