WWE Q3 financial notes: Network sub average dips; revenue to date up 8%
WWE is holding their Q3 review conference call Thursday morning, but released some of their financial documents already, showing a slight drop in average Network subscribers for the July-September timeframe.
The Network closed the quarter at 1.444 million subscribers and averaged 1.458 million paid subscribers worldwide. Both are down from Q2’s 1.511 million close and 1.517 million, respectively. Q2 included Wrestlemania.
The free Wrestlemania promotion saw 370,000 free users at the time of WWE’s big event with 1.454 million paid.
While the conference call is at 11 AM EST and will be live tweeted on our account by friend of the site Chris “Mookie” Harrington, here’s a few other financial notes from the documents released thus far:
– Q3 revenue was $164.2 million, “on par” with 2015 Q3 revenue.
– Revenue to date is up 8% to $534.3 million.
– Their video content had 11.5 billion views on social media and digital platforms, way up from last year.
– By year’s end, they expect to have 7000 hours of content on the Network, 4x the amount at launch.
– Raw ratings were down 14% from the year prior while SmackDown was up 13%. In the same timeframe, USA Network was down 11% while the top 25 cable networks were down 6%.
– Social media followers and engagement totals continue to increase.
– Live event attendance was slightly down from Q2 in North America, but slightly up internationally. However, revenue was up.