STAMFORD Conn. Feb. 23 2005 – World Wrestling Entertainment Inc. (NYSE:WWE) today announced financial results for its third fiscal quarter ended January 28 2005.  The Company reported net revenues of $82.7 million as compared to $79.1 million in the prior year quarter.  Operating income for the quarter was $12.4 million versus $12.1 million in the prior year.  Net income was $10.9 million or $0.16 per share as compared to $8.8 million or $0.13 per share in the prior year quarter.  The 2005 third quarter effective tax rate included a one-time benefit of $1.3 million resulting from the assignment of the lease for the Company’s former entertainment complex The World ® in New York City.