WWE Q1 Financials: WWE Network Revenue Increases

WWE released their Q1 Financials this morning, an in that report it was revealed that the WWE Network revenue has increased 7% to $40.3 million.

WWE Network revenue increased 34% to $38.2 million from $28.6 million in the prior year quarter based on a 39% year-over-year increase in average paid subscribers to 1.29 million. WWE Network had 1.47 million total subscribers at the end of the first quarter and reached a record 1.82 million total subscribers following WrestleMania (as of April 4, 2016), which represented a 39% increase from March 30, 2015, the day after WrestleMania last year. An anticipated decline in Pay-per-view revenue partially offset WWE Network growth.

The Company continued to broaden the distribution of WWE Network, which was made available during the first quarter in Germany, Austria, Switzerland, Japan, Thailand and the Philippines. The Company continues to work on launch plans for China. WWE Network had 362,000 total international subscribers at quarter-end and 434,000 as of April 4, 2016.

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