WWE released their “fourth quarter 2016 results” and revealed that the company achieved “record revenue” for 2016.
Revenue increased 11% to $729.2 million, the highest in the Company’s history, including record levels of revenue from its Network, Television, Live Event, Venue Merchandise, and WWE Shop segments
The report also revealed that WWE Network currently has 1.41 million subscribers, which is a 14% increase from last year.
WWE Network subscribers increased 14% from the fourth quarter 2015 to 1.41 million average paid subscribers over the fourth quarter 2016, consistent with the Company’s guidance.
As of January 31, 2017, WWE Network had 1.5 million ending paid subscribers including 1.1 million ending paid U.S. subscribers and 0.4 million ending paid international subscribers, which represent growth of 15% and 27% respectively, from January 31, 2016.
WWE stock was up 8.71% today.
You can view the full report here.
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