Archive - 02/09/2017

WWE stocks end day on a high after record year

WWE stocks had a very good day today as Wall Street reacted positively to WWE’s Q4 2016 and year-end results, nearly hitting the 52-week high. Stocks jumped 8.71% by the time trading closed, ending the day at $21.02 a piece after the company announced a record $729 million in revenue for 2016. WWE also had a record of $189 million in...

All 9 WWE business segments register increase in Q4 2016

For the first time in a very, very, very long time, all of WWE’s nine business segments registered an increase compared to the prior year quarter. Network revenues, including WWE Network and traditional pay-per-views increased to $43.7 million from $40.8 million; Television revenues increased to $68.6 million from $55.6 million; Home...

WWE Network hits 1.5 million paid subscribers

In today’s Q4 2016 results, WWE revealed that the WWE Network has a total of 1,500,000 paid subscribers as of January 31, 2017. By the end of 2016, they had 1,473,000 total subscribers with 1,407,000 paid, so the Rumble moved nearly 100,00 new paid subscribers. That number is up from the 1,440,000 they had by September 30, 2016, but slightly...

WWE reports Q4 2016 and year-end financial results

WWE today announced financial results for its fourth quarter and year ended December 31, 2016. For the quarter, the Company reported Net income of $8.0 million as compared to a Net loss of $1.2 million in the prior year quarter. Operating income increased to $13.9 million from an Operating loss of $1.5 million. “During the past year, we...