According to WWE's recent fiscal report, Network has around 1.5 million subscribers with the breakdown being 1.4 million paid in the US and around 400k for the rest of the world. Puts them around the break even range (1.3-1.5 million per month) although for the first time they didn't include free accounts into the numbers.
Quote:
|
Originally Posted by PWI
In their earnings report, WWE announced that as of 1/31, the WWE Network has 1.5 million paid subscribers, with 1.4 million paid in the United States and 0.4 million paid internationally.
WWE did not announce how many subscribers they currently have if you include the free subscriptions they have given away through Wrestlemania to former paid subscribers
|
In terms of overall revenues, WWE managed to have its highest fiscal year ever at $729 million in revenue. Net profit ended up being around $33.4 million overall which ends up being lower than pre-Network era for that category. TV fees basically carried the company this year since everything else was mostly down.
Quote:
|
Originally Posted by Observer
Revenue numbers are the highest in company history. Profits are still well below the pre-Network levels, although most projections are they will be at or ahead of those levels in 2017 due to an increase in TV rights fees and lower tax rates.
Most of the year was actually somewhat even in profits except that last year in the fourth quarter the company lost $1.2 million and this year's fourth quarter profits were $8.0 million. Total revenue in quarter four was $194.9 million, up from $166.2 million in quarter four of 2015 ...
U.S. subscriber numbers at year-end were 1,033,000, up from 940,000. However, the Network division overall decreased in profitability for the year from $48.4 million to $36.9 million, due to increases in costs of the Network programming and a major decline in PPV.
Virtually all significant profit growth comes from television rights fees. Profits were up on television from $88.0 million in 2015 to $114.8 million in 2016, even though revenue increased by $10.6 million. Some of that is misleading, in the sense that they expense some things to the Network that were formerly expensed to television ...
If there was a hidden negative, it's that live event attendance, while up overall due to running more shows, decreased in profitability as well as average attendance.
For the main brand shows, the average paid attendance in quarter four was 5,300, down from 6,300 in the same quarter last year. That doesn't factor in NXT events. The total profits for all fourth quarter shows, including NXT events, fell from $7.3 million to $6.2 million in the fourth quarter.
|