The WWE announced its third quarter results for the year on Thursday morning. It also confirmed that it will go forward with an event in Saudi Arabia despite the murder of journalist Jamal Khashoggi. The WWE addressed the controversial in today’s earnings release which called the killing “heinous” but stated that as with other US […]
WWE Network
WWE earnings for Q4 impress Wall Street
WWE set a 52 week record for stock price as it announced its end of year earnings for 2016 this past Thursday. According to its earnings call, WWE Network subscribers grew 14% to 1.41 million paid subscribers. Revenue increased 11% to a company record $729.2 million. Per a company press release, “[T]he Company reported Net […]
WWE reports Q2 revenues
On Thursday, the WWE announced its second quarter earnings for the year. Despite record revenues, the company’s Q2 profits missed expectations. According to the WWE earnings call held Thursday morning, revenues grew 32% to a record $199M. Profits are off due in part to spending which included Wrestlemania. The WWE Network hit 1.52M average paid […]
WWE shows increase in revenues in Q1 of 2016
Last week the WWE announced its financial results for the first quarter of 2016. The company increased its revenue by 13% on a pro-forma basis to $171.1 from $151.3 million in the prior year quarter. The WWE Network averaged 1.29 million paid subscribers over the first quarter 2016 which is a 39% increase from the […]
Lawsuit over WWE Network royalties promptly dropped by former wrestler
Former WWE wrestler Rene Goguen (fka Rene Dupree) has voluntarily dismissed his lawsuit against World Wrestling Entertainment. The news comes just days after announcing it filed a class action lawsuit against the company for unpaid royalties related to the WWE Network and Netflix. Goguen claimed breach of contract, breach of fiduciary duty, unjust enrichment and […]