STAMFORD Conn. February 12 2015 – WWE (NYSE:WWE) today announced financial results for its fourth quarter ended December 31 2014.  Revenues for the quarter increased 19% to $140.5 million from $118.4 million in the fourth quarter last year. For the quarter the Company reported a Net loss of $1.6 million or $0.02 loss per share as compared to a Net loss of $7.9 million or $0.10 loss per share in the prior year quarter.  The revenue increase was driven by the Network and Television segments with earnings growth driven primarily by the rise in television rights fees.  Excluding items affecting comparability Adjusted OIBDA increased to $5.1 million from a loss of $5.6 million and Adjusted Net loss was $0.6 million or $0.01 loss per share as compared to a Net loss of $7.9 million or $0.10 loss per share in the prior year quarter.

“During the quarter we remained focused on growing WWE Network which surpassed 1 million subscribers in January 2015 just 11 months after launch. Subscriber growth was driven by a successful free November promotion the launch of the service in the UK and the strength of our Royal Rumble event ” stated Vince McMahon Chairman and Chief Executive Officer. “We believe that our 2015 road map provides significant opportunities for growth as we continue to execute well innovate faster and expand WWE Network the single greatest opportunity to transform WWE’s business model.”

“In the fourth quarter we continued to execute our WWE Network strategy and we generated earnings growth driven by the escalation of our television rights fees.  For the quarter our adjusted OIBDA surpassed our most recent public guidance associated with an average of 721 000 paid subscribers ” added George Barrios Chief Strategy & Financial Officer. “Over the year key brand metrics remained strong.  Raw and SmackDown TV ratings increased 2% and 3% respectively.  Consumption of WWE content on YouTube increased more than 80% to approximately 3.9 billion video views and our social media presence grew more than 80% and recently surpassed 450 million followers.   Importantly we believe that we have reached a financial inflection point.  In 2015 we expect year-over-year Adjusted OIBDA growth in every quarter with growth driven by the performance of WWE Network the escalation of our television rights fees as well as continued innovation across our businesses.”

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