WWE

WWE Q3 Financials Announced, Revenue Down Slightly

http://www.sportskeeda.com/wwe/vince-mcmahon-attends-first-nxt-live-event-reactions Source: sportskeeda.com

WWE has officially released the numbers for their third quarter financial report, which covers the three months leading up to September 30th, and it looks to be business as usual for the company. Overall, revenue was down slightly when compared to the same quarter last year, from $166.2 million to $164.2 million, which was the result of decreased TV revenue (mostly due to Tough Enough and Total Divas airing during that quarter in 2015, which did not happen this year). Otherwise, revenue is up nearly across the board, with the WWE Network, digital media, merchandising, and even WWE Studios seeing bumps compared to Q3 2015.

Specifically, the WWE Network continues to see subscriber gains, now sitting at 1.44 million paid subscribers, up roughly 200,000 from the end of 2015, but down from the 1.5 million from WrestleMania season (which is unsurprising). The Network was also ranked #2 behind Netflix in Net Promoter Score, ahead of Hulu and MLB Network. In addition, the growth in revenue was enough to offset the increased expenses from the addition of more original content.

Live event revenue also rose, due to 5 more international live events compared to the same quarter in 2015. Internationally, WWE saw revenue gains in every region.

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