4. 4th Quarter Earnings For WWE, How Many Subscribers Does The WWE Network Have?
WWE issued the following statement regarding their 4th quarter earnings:
Fourth-Quarter 2016 Highlights
– Revenue increased 17% to $194.9 million as compared to the prior year quarter
– Operating income of $13.9 million and Adjusted OIBDA1 of $20.5 million were in line with guidance
– WWE Network subscribers increased 14% from the fourth quarter 2015 to 1.41 million average paid subscribers over the fourth quarter 2016, consistent with the Company’s guidance
– The Company premiered new original content across platforms, including Total Bellas® (E! network), The Bella Twins® (YouTube channel), 205 Live™ and WWE Story Time™ (WWE Network)
– Announced new UK Championship Tournament to showcase local talent, which successfully engaged both attendees and network viewers in January 2017
– Announced SNICKERS® will once again serve as the exclusive presenting partner of WrestleMania® (April 2, 2017), which will be held at the Orlando Citrus Bowl and broadcast live globally on WWE Network
– WWE issued $215 million of convertible note financing to support the execution of the Company’s long-term growth strategy and for general corporate purposes
As of January 31, 2017, WWE Network had 1.5 million paid subscribers.
