{"id":38661,"date":"2017-02-09T20:16:44","date_gmt":"2017-02-10T02:16:44","guid":{"rendered":"http:\/\/www.pwtorch.com\/site\/?p=38661"},"modified":"2017-02-10T00:34:30","modified_gmt":"2017-02-10T06:34:30","slug":"wwe-announces-2016-revenue-set-company-record-wwe-network-subscriptions-averaged-nearly-1-5-million","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2017\/02\/09\/wwe-announces-2016-revenue-set-company-record-wwe-network-subscriptions-averaged-nearly-1-5-million\/","title":{"rendered":"WWE announces 2016 revenue set company record, WWE Network subscriptions averaged nearly 1.5 million"},"content":{"rendered":"<div id=\"pwtor-3797297878\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>Some key figures from WWE&#8217;s financial disclosures earlier today.<\/p>\n<p>\u2022WWE announced 2016 Q4 revenue of $194.9 million compared to 2015 Q4.<\/p>\n<p>\u2022The subscriptions as of the end of Q4 were 1.41 million, with 1.04 million in the U.S. (Subscriptions at the end of January were\u00a01.5 million.)<\/p>\n<p>\u2022Additionally, the Company projects average paid subscribers to\u00a0<i>WWE Network<\/i>\u00a0of 1.48 million in Q1.<\/p>\n<p>\u2022WWE Network profits are down $12 million due to increased expenses of additional original programming (such as added PPV events, &#8220;205 Live,&#8221; original cartoons, etc.)<\/p>\n<p>\u2022Stock closed at $<span class=\"_Rnb fmob_pr fac-l\" data-symbol=\"WWE\" data-tmid=\"\/m\/07zl9rx\" data-value=\"20.96\">20.96, an increase of over 8 percent compared to the open. It peaked at $21.44.<\/span><\/p>\n<p>\u2022As for 2016 overall, revenue ended at $729.2 million, up 11 percent from 2015, once again setting a record for the company. They experienced record levels of revenue from WWE Network, Television Rights Fees, Live Events, Venue Merchandise Sales, and WWE Shop sales.<\/p>\n<p>\u2022WWE Network<i>\u00a0<\/i>subscribers watched a total of 294 million hours of content (up 15% from 256 million in 2015), yielding an average of 194 hours per household that places it among top cable and broadcast networks<\/p><div id=\"pwtor-4293726181\" class=\"pwtor-content pwtor-entity-placement\"><div align=\"center\" data-freestar-ad=\"__336x280 __336x280\" id=\"pwtorchcom_test_300x250\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_test_300x250\", slotId: \"pwtorchcom_test_300x250\" });\r\n  <\/script>\r\n<\/div><\/div>\n<p>\u2022Vince McMahon said: &#8220;During the past year, we continued to successfully execute our content strategy, which resulted in significant operational achievements and generated record revenue. We grew\u00a0<i>WWE Network<\/i>\u00a0to an average of more than 1.5 million subscribers, attracted record attendance of 101,763 fans at\u00a0<i>WrestleMania<\/i>, and strengthened the global reach of our television programs, completing distribution deals in China, Australia, Germany and Spain, among other countries.\u00a0The increased engagement with our brands across multiple platforms provides a foundation for achieving our 2017 and long-term financial objectives.\u201d<\/p>\n<p>\u2022George Barrios said: &#8220;Given the current scale and leverage of\u00a0<i>WWE Network<\/i>, increases in its subscribers have the potential to drive meaningful growth in revenue and profit.\u00a0Based on anticipated subscriber growth, we believe we can achieve our targeted record financial results. In 2017, we will continue to evaluate our financial performance and to balance earnings growth with investments that could enable us to deliver a wider range of content, strengthen our engagement with a broadening audience, and support our continuing digital and direct-to-consumer transformation.\u201d<\/p>\n<p>&nbsp;<\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-3767162509\"><div id=\"pwtor-700215552\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Some key figures from WWE&#8217;s financial disclosures earlier today. \u2022WWE announced 2016 Q4 revenue of $194.9 million compared to 2015 Q4. \u2022The subscriptions as of the end of Q4 were 1.41 million, with 1.04 million <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2017\/02\/09\/wwe-announces-2016-revenue-set-company-record-wwe-network-subscriptions-averaged-nearly-1-5-million\/\" title=\"WWE announces 2016 revenue set company record, WWE Network subscriptions averaged nearly 1.5 million\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1239,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,3],"tags":[689,251],"class_list":["post-38661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prowrestlingnews","category-news_wwe","tag-wwe-financials","tag-wwe-network"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/2015\/10\/WWELogo_3x2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/38661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=38661"}],"version-history":[{"count":1,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/38661\/revisions"}],"predecessor-version":[{"id":38662,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/38661\/revisions\/38662"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/1239"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=38661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=38661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=38661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}