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WWE Q3 Home Entertainment Revenue Dips 8%

26 Oct, 2017 By: Erik Gruenwedel


Staged wrestling’s SVOD service tops 1.5 million subscribers


World Wrestling Entertainment Oct. 26 reported third-quarter (ended Sept. 30) home entertainment revenue of $2.3 million, down 8% from revenue of $2.5 million during the previous-year period. Operating income declined 34% to $600,000, from $900,000 a year ago.

Through the end of the fiscal period, WWE has generated $7.7 million from sales of DVD and Blu-ray Disc, down almost 14% from $8.9 million a year ago.

Digital media revenue increased more than 21% to $7.9 million, from $6.5 million. Operating income increased 27% to $3.3 million.

Meanwhile, the organization’s subscription streaming service, WWE Network, reported a sub base of 1.52 million, including operating income of $24.3 million on revenue of $50.3 million. That compares with income of $15.7 million on revenue of $45.1 million during the previous-year period.

“We achieved a 14% increase in revenue from the monetization of video content and generated results that exceeded the range of our guidance,” CFO George Barrios said in a statement.

CEO Vince McMahon said increased production of original content, focus on localization and the further development of a diverse talent base contributed to the results.

“We are pleased with our continued success in growing and engaging a large, global audience across multiple platforms,” McMahon said.

 


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