-

WWE reports Q3 2016 financial results

WWE today announced financial results for its third quarter 2016. The Company reported Net income of $11.1 million, or $0.14 per diluted share, as compared to Net income of $10.4 million, or $0.14 per diluted share, in the prior year quarter.

“During the quarter, we continued to effectively execute our content strategy, which has resulted in record revenues to-date in 2016 and increased consumption across our media platforms,” said WWE Chairman & CEO Vince McMahon. “This growth illustrates meaningful progress against our long-term strategic plan and provides the foundation for achieving our 2017 financial objectives.”

George Barrios, WWE Chief Strategy & Financial Officer, stated “We achieved a 24% increase in average paid subscribers to WWE Network and generated profits that were within the range of our guidance. We expect continued year-over-year growth in subscribers and profits for the fourth quarter resulting in strong full year performance that is in-line with our previous business outlook.”

The full press release can be read here.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

More VIP Superstars added to WWE World at WrestleMania 40

Three more VIP Superstars have been added to the WWE World festivities at WrestleMania week With all 11 previously-announced stars...

NXT Battleground premium live event moving date and location

The @WrestleVotes X account is reporting that the NXT Battleground premium live event has been moved from May 26...

How Pin Up Kazino supports major sporting events and teams in Turkey

Online gambling has never been more popular than it is right now. "Her yeni gün, her ikisinde de kumar...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading