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WWE 1Q revenue up to $93.8 million

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MUMBAI: World Wrestling Entertainment (WWE) has announced financial results for its first quarter ended 29 July, 2005.

Total revenues were $93.8 million as compared to $81.6 million in the prior year quarter, and operating income was $ 15.8 million versus $11.2 million in the prior year quarter. Net income was $11.2 million as compared to $7.6 million.

During the quarter, the company aired five pay per view (PPV) events as compared to four events in the prior year quarter. The additional event Backlash contributed approximately $4.3 million in revenues, or $2.1 million in profit contribution.

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In India WWE airs on Ten Sports. WWE CEO Linda McMahon says, “One of the more significant items in our live and televised businesses for the quarter was the increase in pay per view buys. Each of the pay per view events produced in the quarter either met or exceeded the buys from the prior year. Another significant item was an increase in average attendance at our live events as the average attendance at both our North American and International live events was better than anticipated and surpassed last year’s average by more than 18 per cent.”

“Regarding the branded merchandise businesses, our licensing programmes continue to expand internationally with significantly better than anticipated sales in the toy and novelty categories. Our home video business also outperformed our estimates due in part to the success of our WrestleMania 21 title, which sold approximately 202,000 DVD units to date in the US making it one of our alltime best sellers. These results show that our continued investment in areas such as global expansion and talent development are beginning to yield positive returns.”

 
 
 

PPV revenues were $21.6 million versus $16.9 million in the prior year quarter. In the first quarter of fiscal 2006, five PPV events were produced as compared to four events in the prior year quarter. WWE will produce 16
PPV events in this fiscal compared to 14 events last fiscaL

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Live event revenues were $16.5 million as compared to $17.9 million in the first
quarter of last year. There were 70 events during the quarter as compared to 89 events during the same period last year. including international events held in fiscal 2006 as
compared to 10 international events held in the prior year· The average attendance at the company’s North American live events was
approximately 4,600 as compared to approximately 3,800 in the prior year
quarter, while the average international attendance was 10,700 as compared to
9,300 in the prior year quarter.

International events averaged approximately $809,000 in net revenues and approximately $228,000 in profit contribution during the current quarter. This is compared to domestic event net revenues that averaged approximately $172,000
and approximately $33,000 in profit contribution during this same period. Television ad revenues were $10.4 million as compared to $10.6 million
in the prior year quarter.

Average household ratings for Raw were 3.8 as
compared to 3.7 in the prior year quarter and SmackDown ratings were 3.1 for both the current and the prior year quarter. Television Rights Fees revenues were $20.0 million as compared to $19.8 million in the prior year quarter.

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Based on the first quarter results the WWE has increased its full year forecast and expects revenues of between $360.0 and $375.0 million,

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Awards

Hamdard honours changemakers at Abdul Hameed awards

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NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.

The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.

Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.

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The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.

Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.

Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.

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The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.

Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.

Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.

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The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.

Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.

 

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