Kemo
10-27-2016, 06:58 PM
On Thursday, WWE released its Q3 2016 financial results, including a nice amount of data regarding the WWE Network:
WWE Network subscribers increased 24% from the third quarter 2015 to 1.46 million average paid subscribers over the third quarter 2016, consistent with the Company’s guidance. Despite the increase, they actually missed their target of 1.49 million. By comparison, the Network averaged 1.52 million subscribers in the second quarter (WrestleMania).
WWE Network subscription revenue increased 18% to$42.8 million from $36.4 million in the prior year quarter based on a 24% year-over-year increase in average paid subscribers to 1.46 million.
WWE Network had 1.44 million total paid subscribers at the end of the third quarter, which represented a 17% increase from September 30, 2015. The geo-breakdown as of 9/30 saw 1.07 million U.S. paid subscribers and 373,000 international paid subscribers.
WWE projects the WWE Network will average 1.40 million in the fourth quarter, an approximate 4% sequential decline from the third quarter 2016 and a 13% increase from the fourth quarter 2015.
WWE expects the level of Network subscribers will continue to increase in 2017, albeit at a lower rate, on a year-over-year basis.
WWE Network subscribers increased 24% from the third quarter 2015 to 1.46 million average paid subscribers over the third quarter 2016, consistent with the Company’s guidance. Despite the increase, they actually missed their target of 1.49 million. By comparison, the Network averaged 1.52 million subscribers in the second quarter (WrestleMania).
WWE Network subscription revenue increased 18% to$42.8 million from $36.4 million in the prior year quarter based on a 24% year-over-year increase in average paid subscribers to 1.46 million.
WWE Network had 1.44 million total paid subscribers at the end of the third quarter, which represented a 17% increase from September 30, 2015. The geo-breakdown as of 9/30 saw 1.07 million U.S. paid subscribers and 373,000 international paid subscribers.
WWE projects the WWE Network will average 1.40 million in the fourth quarter, an approximate 4% sequential decline from the third quarter 2016 and a 13% increase from the fourth quarter 2015.
WWE expects the level of Network subscribers will continue to increase in 2017, albeit at a lower rate, on a year-over-year basis.