Skip to main content

WWE's Stock Plunges More Than 14% On Monday

Wall Street wasn't impressed by WWE'srecord-breakingWreslemania 31 pay-per-view or their WWE Networkannouncement of 1.3 million paid subscribers.

WWE's stock fell more than 14% on Monday.

Forbes - WWE Stock Crashes After Record-Breaking WrestleMania 31

The feeling seems to be investors worrying the WWE Network paid subscribers number will drop now that Wrestlemania is in the rear-view, only to ramp up this time again next year.

WWE Chief Financial Officer George Barriossaid during a conference call with investors on Monday they would evaluate the success of the WWE Network on a yearly basis from now on. They understand their WWE Network subscription numbers could be seasonal, like their traditional pay-per-views used to be but they're hopeful new original programming will continue to drive subscribers.

On Monday, WWE announced 8 new original WWE Network series that we detailed at this link.

WWE has no plans at this time to alter their $9.99/month Network pricing plan.

WNW Contacts - Send News, Email Richard Gray, Premium Support, Ask WNW.

Download our FREE App! Dirt Sheet for iPhone, Android and iPad.

Dirt Sheet

Related Articles