Talking Points: WWE 2012 First Quarter Results
Imagine my happiness when I saw that the WWE released their first quarter results! Huzzah!
Brass tax here, folks: businesses are in business to make a profit. In regards to professional wrestling, all of the “entertaining the fans” and “global entertainment” stuff is cute and pleases us to no end, but the bottom line is that these companies must make a profit. Anything outside of that is simply icing on the cake.
Even more unfortunate for us fans is this fact: a business that’s in business to make money is deemed “successful” when it makes a profit. Period. We can analyze the s**t out of a John Cena storyline all we want to, but the thing is a complete flop if the company didn’t make at least $10 more than what they spent on producing the angle.
No matter how “good” a product may be or how much we “like” it, the financial results will always tell the true story of how well a given company will be able to produce the “good” product that we “like/love” so much. Seeing as the WWE is a publicly traded company, they have to produce these quarterly financial results to investors, which would include schleps like you and me if we actually invested in the company.
The cool thing about it is that the information is public! You don’t have to speculate on how good/bad a PPV did (TNA), argue about whether or not the company is actually financially viable (TNA) or palaver over whether or not they’ll be in or out of business in the next ten minutes (TNA). It’s all right there for you to see!
But enough of the subtle jabs; click here to read just how successful the WWE was during the first three months of 2012.