WPT Has Another Profitable Quarter$2.6 Million Last Three Months, $6.2 Million for Year |
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The World Poker Tour stays in the black.
World Poker Tour Enterprises (WPTE) has turned a profit of $2.6 million in this year's second financial quarter. In the same quarter last year, the company lost $0.4 million.
Revenues increased because WPTE delivered 10 episodes of the WPT and nine episodes of its new show, the Professional Poker Tour, this quarter. WPTE delivered eight episodes of the WPT the same quarter last year and no episodes of PPT last year. The PPT began airing on the Travel Channel in July.
WPTE lost $1.4 million in Q4 of last year and $5 million for all of 2005. In the first quarter of this year, the company made $3.6 million.
"We are pleased with the continued progress we are making, particularly in our core television business where we delivered a combined 19 World Poker Tour and Professional Poker Tour episodes this quarter," said Steve Lipscomb, founder and CEO of WPT Enterprises.
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