Today, WWE held their second quarter financial conference call, where they announced the latest subscriber count for WWE Network as well as their financial results.
During the second quarter of this year, WWE Network has averaged 1.52 million paid subscribers. This is up from the number reported after Wrestlemania, where the company listed 1.454 million paid subscribers through the Dallas, TX event. It’s a new tactic for WWE to be releasing an average count, as prior they had released the actual count at the end of the quarter. The company also projected 1.49 million paid subscribers for the third quarter.
As for the financials, WWE reported a net income of $0.8 million, compared to the $5.1 million net income for the same quarter of 2015. The company also toted a quarterly revenue of $199 million, an increase of 32 percent (13 percent excluding the timing impact of Wrestlemania).
In a press release that can be found on WWE’s Corporate website, Vince McMahon gave the following statement:
“I continue to be pleased with the execution of our strategy to optimize the long-term value of our content,” stated Vince McMahon, WWE Chairman and Chief Executive Officer. “Progress on this objective is evidenced by the continued year-over-year growth of WWE Network, the transition of SmackDown to a live format every week and the completion of our first exclusive content agreement in China.”
The press release and financial report contains much more detailed data regarding earnings, social media statistics, and a lot more. I’ll have something to say about the data tonight on Around the Ring.