Pro Wrestling

WWE Sets New Records For Revenue, Network Subscriptions

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

WWE’s second quarter earnings for 2016, which were announced this week, painted a fairly rosy picture for the company, revealing that the organization has set a record for quarterly revenue, at $199 million dollars. That figure is helped along by the incredible amount of revenue brought in by WrestleMania 32, which also set the record for largest attendance and revenue for a WWE live event. In addition, subscriptions for the WWE Network continue to rise, up to 1.52 million paid subscribers on average, making the Network an fairly unqualified success at this point. Live event revenue was also up for the quarter.

It should be noted, however, that while revenue was up over 30%, expenses have also risen, and the company only reported a net profit of $0.8 million, down from $5.1 million for the same quarter last year.

Stephen Randle

Stephen Randle

Stephen Randle is an avid wrestling and film fan. He's been writing about WWE, movies, and video games for Goliath since 2015.

X