WWE reported their third quarter financial results for 2015 on Thursday prior to market open. It's been a hectic day so I am late getting to the data but here are some of the highlights:
The WWE Network had 1,233,000 paid subscribers as of September 30, 2015. That's up from 731,000 from the same date last year And up from 816,000 on December 31, 2015.
"During the quarter, we made significant progress on the growth of our global subscription service, WWE Network,” said WWE Chairman & CEO Vince McMahon. “We also continued to strengthen our talent base, achieved significant international growth and increased engagement across our digital and social media platforms. Over the next year, we expect to leverage our brand and content initiatives to further enhance engagement, promote network subscription, and maximize our long-term earnings growth.”
George Barrios, Chief Strategy & Financial Officer, added “Our solid earnings growth for the quarter was driven primarily by the increase in WWE Network subscribers, the escalation of our television rights fees, as well as higher effective ticket prices at our live events. Key metrics, such as the record attendance at our SummerSlam events, viewership of our original content, and social media presence demonstrate the increasing strength of our WWE brands, which are the foundation of our long-term growth.”
CLICK HERE for the complete earnings release, in which we'll have on the website a little later here at WrestlingNewsWorld.com.