The WWE announced its second quarter earnings on Thursday and the numbers pleased many analysts. The WWE reported net income of $5.1 million ($0.07 per share) compared to a net loss of $14.5 million ($0.19 loss per share) in the second quarter last year. The WWE reported quarterly revenue of $150.2 million exceeding $1.5 million better than […]
WWE
WWE files lawsuit against former performers
WWE has filed a lawsuit against several former WWE stars seeking a declaratory judgment against them. The complaint, filed in federal court in Connecticut is a result of a pre-litigation letter concerning potential concussion lawsuits against the company. Robert Windham (aka Blackjack Mulligan), Thomas Billington (aka Dynamite Kid), James Ware (aka Koko B. Ware) and […]
WWE Network averages 918,000 subscribers through Q1 2015
The WWE announced its network subscription numbers on Monday and Wall Street was unimpressed. The WWE Network surpassed 1.3 million subscribers which is almost double its total from a year ago. The current average is approximately 918,000 paid subscribers through the first quarter of 2015. The WWE stock dipped during the day on Monday on […]
WWE Network celebrates one year
The WWE celebrated the one year anniversary of its network on Tuesday by allowing all free access to its network. Variety also posted an article summarizing what the company learned with its over the top network. Its clear that the Network is inextricably tied with the company’s future financial performance as it is stated in […]
WWE Network posts 1 million subscribers
The WWE announced that its WWE Network has surpassed 1 million subscribers in just 11 months. Despite early concerns about retaining subscribers, the company has hit a significant benchmark with its digital platform. The announcement comes a week ahead of its 4th Quarter earnings for 2014. The increase in its subscribers is a dramatic turn […]