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Well while the economy may still be on the ropes the business -- the way.
It's still going strong get it strong.
Well wrestling entertainment killing continued success to have in the grapple with the tough economic climate to work areas she -- -- off her former deputy.
Joining us now George Pataki is sir thank you for being with us for our first on Fox Business that are get.
Thanks -- appreciate you having me.
All right so you -- you beat on the on the earnings per share but -- -- a little bit and I mean a little bit on the revenue side vs analysts' expectations.
What was going on for the quarter.
-- -- the quarter we reported.
Great top line growth and -- -- great bottom line -- but obviously there was a special event we have wrestle mania and in the second quarter this year.
It was in the first quarter last year so we stripped that out -- our top flight was down about 18%.
But our bottom line was up about 9% and we have as you know significant portion of our business overseas when you back out the foreign exchange is about about 11%.
Decline in revenue in about a 30% increase in operating profit.
So no doubt with a lot of consumer discretionary businesses.
Are experiencing -- there's a lot of headwinds on the top line I think we're controlling what we can't make in the contents as compelling as possible.
Getting real creative marketing out there.
And then on the infrastructure side on the expense side we really worked hard over the last year to drive our productivity and efficiency and it's paying off and being able to deliver bottom line broke even want while the revenue line is pressure -- I'm curious about you've alluded to a little bit there George about the international business.
-- how much is that.
Business overseas and is that where you're getting most of your growth right now.
Well out for the forty hero way it was about 25% of the business you've you've got some aspects issues this year like any company that does business globally so that depresses the numbers a little bit but you pointed out.
We certainly do -- international -- key growth area.
If you back out the -- -- impact for this year that this is the international business as a whole is down around ten or 11%.
So it's still -- a little bit better on the top line than than the domestic business but certainly at this is a global.
Economic issue so.
Our international business affected as well -- sir we're very bullish.
About our international business going forward the -- really transfers well people are.
-- excited about there's part of it be -- Americana the story lines transfer so we'd like our international.
As I met that's why public set uncertainty in the statement that's what I came from international finance business -- it was have a idea -- -- The and certainly cuts across all the businesses at this point like a lot of people the visibility is tough.
It feels like things are bottoming out it certainly feels that way but the visibility -- stop and I think.
The the unknown is what this slow and the timing of the recovery in a while -- watch.
We're talking yes -- we -- -- split screen with some of the clips of the matches.
I think what we're looking at a behind the scenes -- have behind the scenes look at what's going up the treasury Tim Geithner coming -- You know banking regulator having out.
You guys against Tim Geithner how did your matches are real and how much are fake.
They were entertainment so it's scripted entertainment.
We've got incredible athletes that are in the ring got these great story line for what Rick says they had -- -- and what percentage at -- and yeah it's -- it's -- it's scripted entertainment so I think I think that it's it's a clutch shots early and aviator yeah.
Partying dead at the apple the Atlantis is -- is a 100% real yeah.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- It up up up real well oh we're going to get a ticket right regrettably I have front -- I think -- You won't have any questions about the business if you go to Rebecca he's not my confidence and now got different and I short prayer -- quick.
Here's the dividend paying stock and that really is such a nice attractive thing for the shareholders and you didn't mention anything about the dividend being in trouble going -- but at international side of the business continues to falter.
Would you may -- cut dividend at some point.
Well we we actually got that.
Question on the earnings call around the dividend policy in the way we answered the way we always the answer it's that we -- the dividend and the capital structure every quarter.
We always have but certainly adds visibility is gotten -- -- -- -- making.
-- and added onus on us to make sure we're really really rigorous and we review it every quarter so looking forward -- -- as stock got myself.
I'm looking at US attorney's going out what needs ten point lead and it looked pretty flat we have seen any growth where you expect to get growth going forward the next two or three years.
Yeah I think well what we've always said is from may geographic perspective.
We view international growing quicker than domestic we still think there's a lot of runway domestically.
And from a platform perspective.
We like our TV business a lot we like our consumer products business a lot.
And we like our digital business and we're really excited as you probably know we're transitioning our toy license this year on.
January 1 2010 to Mattel the world's largest toy company.
So Jackson's been a great partner on the on the -- side.
For us so we both done very well but -- given Mattel scale involved product development and in distribution -- really excited about that partnership moving forward.
George grant thanking -- being on fox -- her first on Fox Business interview it's -- it's -- -- to get it lend our best as well.
I we will what bill thanks thought all right you all right live -- -- -- -- to match decision not soon -- front row that Cheryl.
There was one women wrestling to I'm not a good idea what that show I and then yeah I thought that was there isn't really want to really.
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