The company reported revenues for the quarter of $11.0m, up 67% on the same period in 2005, and net earnings of $2.6m, compared to a net loss of $0.4m in 2005. The increase was primarily a result of the delivery in the second quarter of ten episodes of Season IV of the World Poker Tour television series versus the delivery of eight episodes of Season III in the same period in 2005, and the delivery of nine episodes of Season I of the Professional Poker Tour television series versus no episodes of the PPT delivered in the same period in 2005.
“We are pleased with the continued progress we are making, particularly in our core television business where we delivered a combined nineteen World Poker Tour and Professional Poker Tour episodes this quarter,” said Steve Lipscomb, founder and CEO of WPT Enterprises. “In addition, we continue to build the World Poker Tour brand through licensing, host fees and international distribution. During the quarter, we strengthened our online gaming efforts and set a new strategic direction with our decision to use CyberArts\’ technology for a new delivery platform. We are very excited to work with CyberArts to build a superior online product which we plan to have up and running in 2007.”
Calculators
