WWE network subs jumped to 1.52 million paid....revenue jumped up 32% for the 2nd quarter
Posted by
Remlik (aka remlik)
Jul 28 '16, 08:52
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Second Quarter 2016 Highlights
Revenue increased 32% (13% excluding the timing impact of WrestleMania1) to a record $199.0 million as WWE’s Live Event and Network segments achieved their highest quarterly revenue in Company history
OIBDA2 of $7.5 million was in line with the Company’s guidance
WWE Network reached a record of 1.52 million average paid subscribers over the second quarter 2016, which represented a 25% increase from the second quarter 2015
SmackDown transitioned to a live format on USA Network. Since July 25, WWE’s flagship programs, Monday Night Rawand SmackDown, have and will continue to feature unique talent and storylines
Through the first six months of the year, digital engagement metrics continued to grow with video views up over 100% to nearly 8 billion and social media engagements up 39% to 570 million versus the prior year
The Company announced a multi-year content distribution deal in China with PPTV, the return of a WWE live event to Shanghai in September and the signing of the first-ever Chinese talent
Select WrestleMania Highlights
WrestleMania (April 3, 2016) achieved record breaking attendance, ticket sales, viewership, and social media activity. WrestleMania broke WWE's attendance record, attracting 101,763 fans at AT&T Stadium.WWE Network reached a record 1.82 million total subscribers following WrestleMania (April 4). DuringWrestleMania Week, WWE Network featured 19 hours of prime-time, premier programming and subscribers watched nearly 22 million hours of content, averaging 12 hours per subscriber. WrestleManiagenerated more than 2.5 million mentions on Twitter in one day and over 250 million video views across WWE digital and social platforms during WrestleMania Week.
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