-

WWE stocks take a massive beating on Wall Street

WWE stocks took one hell of a beating on Wall Street today after they announced the WWE Network subscribers count, obviously falling behind Wall Street’s expectations.

Stocks opened the day at $27 and went down to $21.73 before going back up to $23.90 for a drop of 14.7%. Stocks continued to slide in after hours trading, losing an additional 1.21% to finish off at $23.61.

The post-WrestleMania sell off certainly doesn’t bode well for the company as it shows that investors have no high expectations that WWE will eventually break even or make profit off the Network as previously thought.

WWE has said that it will need 1 million subscribers to break even on the Network and hoped to reach that number by the end of 2014.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

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

Darius Rucker to sing the U.S. national anthem on Sunday at SummerSlam 2026

WWE announced that Darius Rucker, the singer/songwriter and lead vocalist of the rock band Hootie & the Blowfish, will...

AJ styles on retirement, matches with Cena and Gunther, his son, and more

AJ Styles sat down with Chris Van Vliet in Nashville, Tennessee to discuss his retirement match with Gunther at...

Report: Tom Brady in talks with WWE

TMZ.COM is reporting that Tom Brady is currently in negotiations with WWE, which might suggest why he did the...

Discover more from Wrestling-Online.com

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

Continue reading