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Monday, July 31, 2017

WWE reveals network subscribers, record revenue

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  3. WWE reveals network subscribers, record revenue
Scorsese2002 4 days ago#1
http://bleacherreport.com/articles/2724111-wwe-reveals-network-subscribers-record-revenue-and-more-for-2017-q2

WWE announced its 2017 second-quarter earnings Thursday and heralded the quarter as a record-breaking period in terms of revenue.

According to the report, revenue reached an all-time high of$214.6 million, which represented an 8 percent increase.

Also, WWE Network averaged1.63 million paid subscribers over the course of the quarter in an 8 percent increase from 2016's second quarter.

WWE Chairman and Chief Executive Officer Vince McMahon expressed a positive outlook regarding WWE's financial situation following the earnings report:

"We are pleased with our ongoing efforts to execute our multi-platform content strategy as evidenced by the continued year-over-year growth ofWWE Network, the increased production of localized programming across platforms and markets, and the attraction of new sponsors."

As part of the report, WWE also mentioned that April's WrestleMania held in Orlando, Florida, was the most-watched WrestleMania of all time, having been viewed in 1.95 million households worldwide.

With regard to the remainder of 2017, WWE expects another all-time company record to fall in the form of a $100 millionAdjusted Operating Income Before Depreciation and Amortization (OIBDA), which would be up nearly 25 percent from 2016.
R.I.P. GameFAQs Throwback Mode
Saxon 4 days ago#2
Very disappointed in my fellow WWE fans.

As an elite elder in the wrestling community, I'm leading by example and canceled my subscription a month ago.
Astley62 4 days ago#3
And people say this company is going to go busy XD
Lord 313. Dougie is still the sex
AndreLeGeant 4 days ago#4
For the quarter, the Company reported Net income of $5.1 million, or $0.06 per diluted share, as compared to Net Income of $0.8 million, or $0.01 per diluted share, in the prior year quarter.

Corporate and Other expenses were $51.7 million in the current year quarter as compared to $49.4 million in the prior year quarter. As defined, these expenses include corporate G&A expenses as well as Business Support costs, such as sales, marketing, and talent development costs, which are not allocated to specific segments. The $2.3 million rise in Corporate & Other expense was predominantly due to the timing of key strategic initiatives and an increase in staff costs.

http://corporate.wwe.com/investors/news/press-releases/2017/07-27-2017-133134681

For Q1, Corporate and Other expenses increased to $58.9 million from $42.1 million in the prior year quarter.

So they basically cut $7m in costs from the last quarter in order to generate a $5m profit.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
inb4... steph... starts posting about how wwe are doomed...
AndreLeGeant 4 days ago#6
ad_Talking_He posted...
inb4... steph... starts posting about how wwe are doomed...


In before people don't actually read the report. Oh way... no one did but me. WWE had to cut 12% of its expenditure budget in one quarter to eek out a profit. I'd like to what how they cut costs from Q1 to Q2.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
ad_Talking_He posted...
inb4... steph... starts posting about how wwe are doomed...


Why would Steph bash WWE now that "The Great Khali is great : /" is back?
"The land beneath the sky..."
Lukenatme 4 days ago#8
AndreLeGeant posted...
For the quarter, the Company reported Net income of $5.1 million, or $0.06 per diluted share, as compared to Net Income of $0.8 million, or $0.01 per diluted share, in the prior year quarter.

Corporate and Other expenses were $51.7 million in the current year quarter as compared to $49.4 million in the prior year quarter. As defined, these expenses include corporate G&A expenses as well as Business Support costs, such as sales, marketing, and talent development costs, which are not allocated to specific segments. The $2.3 million rise in Corporate & Other expense was predominantly due to the timing of key strategic initiatives and an increase in staff costs.

http://corporate.wwe.com/investors/news/press-releases/2017/07-27-2017-133134681

For Q1, Corporate and Other expenses increased to $58.9 million from $42.1 million in the prior year quarter.

So they basically cut $7m in costs from the last quarter in order to generate a $5m profit.


I'm probably reading it wrong, but aren't they comparing Quarter 1 2016 to Q1 2017, Q2 2016 to Q2 2017? They aren't comparing back to back quarters, they're comparing the exact quarter from one year to the same quarter in the prior year. That's how businesses usually look at things.
Saxon 4 days ago#9
Cooking the books?
They are comparing their expenses for 2Q2016 and 2Q2017. That makes sense for many businesses. 
For example, retail costs and revenues fluctuate wildly over the course of each year. Comparing two Q4s makes more sense because then you see how a retail business did across two Christmases.

But that can be deceiving as well. It hides the fact that for 1Q2017, WWE spent $58.9m, and then for 2Q2017, they slashed their expenses to $51.7m. WWE operates continuously and while its revenue is seasonal (1Q earns the most because of Mania), expenses generally aren't. Thus, if WWE didn't take some action, you would expect expenses in Q1 to match expenses in Q2, or possibly rise simply because of inflation and expansion efforts. But that didn't happen. Instead, Q2 was somehow $7m cheaper than Q1.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
AndreLeGeant posted...
ad_Talking_He posted...
inb4... steph... starts posting about how wwe are doomed...


In before people don't actually read the report. Oh way... no one did but me. WWE had to cut 12% of its expenditure budget in one quarter to eek out a profit. I'd like to what how they cut costs from Q1 to Q2.


hey remember when you said you’re more successful than vince mcmahon
ad_Talking_He posted...
AndreLeGeant posted...
ad_Talking_He posted...
inb4... steph... starts posting about how wwe are doomed...


In before people don't actually read the report. Oh way... no one did but me. WWE had to cut 12% of its expenditure budget in one quarter to eek out a profit. I'd like to what how they cut costs from Q1 to Q2.


hey remember when you said you’re more successful than vince mcmahon


I don't recall ever saying that. I'm more successful than he was at my age, and more educated. And I don't work in an industry viewed by most as a joke.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
how many times do I gotta tell you guys

cancel those mutha fuckin SUBS
bigblu89 4 days ago#14
AndreLeGeant posted...
ad_Talking_He posted...
inb4... steph... starts posting about how wwe are doomed...


In before people don't actually read the report. Oh way... no one did but me. WWE had to cut 12% of its expenditure budget in one quarter to eek out a profit. I'd like to what how they cut costs from Q1 to Q2.


It could just be the extra costs that come getting everything set up for WM? While the actual event falls in Q2, most of the short-term expenses would probably fall in Q1, no? Doubt it was 5mil+ worth of expenses, but one would assume the quarter where most of the WM costs fall in would be the highest of the year.
bigblu89 4 days ago#15
ghettorevival posted...
how many times do I gotta tell you guys

cancel those mutha fuckin SUBS

No thanks.
Veedrock- 4 days ago#16
Saxon posted...
As an elite elder in the wrestling community, I'm leading by example and canceled my subscription a month ago.

So you still counted.
My friends call me Vee.
I'm not your friend, buddy.
Hey so I need to re-run the numbers. I realized that I was using just one expense figure instead of total expense figures. So while I was comparing the same expense figures, that was just from one segment. Was looking at this while doing actual work. I apologize for that. I had to actually look at the tables to see the data.

Net income this quarter was $5.1m. They had $214.6m in revenue and $209.5m in expenses. Last year for Q2 they had $199m in revenue and $198.2m in costs, thus generating $800k in revenue ($0.8m). So costs actually went up year-to-year by $11m, but spending that extra $11m allowed them to make an extra $4.3m. 

This year so far they have generated $403m in revenue and incurred $397m in expenses. Total net revenue is $6m for the year. For the first 6 months of 2016, they generated $370m in revenue, incurred $355.4m in expenses, and netted $14.7m in income.

So year-to-year revenue is up $33m, expenses are up $41m, and income is down $8.7m.

Sorry again for being sloppy.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
(edited 4 days ago)quote
humptyrump 4 days ago#18
they don't deserve to make any profit
JfAtS1O3N 4 days ago#19
AndreLeGeant posted...
They are comparing their expenses for 2Q2016 and 2Q2017. That makes sense for many businesses. 
For example, retail costs and revenues fluctuate wildly over the course of each year. Comparing two Q4s makes more sense because then you see how a retail business did across two Christmases.

But that can be deceiving as well. It hides the fact that for 1Q2017, WWE spent $58.9m, and then for 2Q2017, they slashed their expenses to $51.7m. WWE operates continuously and while its revenue is seasonal (1Q earns the most because of Mania), expenses generally aren't. Thus, if WWE didn't take some action, you would expect expenses in Q1 to match expenses in Q2, or possibly rise simply because of inflation and expansion efforts. But that didn't happen. Instead, Q2 was somehow $7m cheaper than Q1.

Wouldn't expenses naturally be higher in Q1 though since its Mania season?
JfAtS1O3N posted...
AndreLeGeant posted...
They are comparing their expenses for 2Q2016 and 2Q2017. That makes sense for many businesses. 
For example, retail costs and revenues fluctuate wildly over the course of each year. Comparing two Q4s makes more sense because then you see how a retail business did across two Christmases.

But that can be deceiving as well. It hides the fact that for 1Q2017, WWE spent $58.9m, and then for 2Q2017, they slashed their expenses to $51.7m. WWE operates continuously and while its revenue is seasonal (1Q earns the most because of Mania), expenses generally aren't. Thus, if WWE didn't take some action, you would expect expenses in Q1 to match expenses in Q2, or possibly rise simply because of inflation and expansion efforts. But that didn't happen. Instead, Q2 was somehow $7m cheaper than Q1.

Wouldn't expenses naturally be higher in Q1 though since its Mania season?


I'd look at my later analysis. I goofed on identifying expenses. I was looking in the text and instead had to look at the accounting sheet.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
pycho316 4 days ago#21
Oh shit, news of WWE doing well? Quick somebody bring up ratings or something.
Cancel one book and two more shall take it's place. Hail Marvel. - Reaper115
pycho316 posted...
Oh shit, news of WWE doing well? Quick somebody bring up ratings or something.


Profits are down from last year year-to-year and expenses are way up.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
JfAtS1O3N 4 days ago#23
I don't think it should come as much of a surprise that WWE is still making money since they're by far the biggest wrestling promotion in the world but they're usually doing worse and worse as time goes on.
Dynedux 4 days ago#24
That's it, Vince is surely done this time. WWE bankrupt in 6 months TOPS! 


Oh wait
Noctis 906atk - 813.793.244
~700 atk Roberta chain
Dynedux posted...
That's it, Vince is surely done this time. WWE bankrupt in 6 months TOPS! 


Oh wait


Income down over 50% year to year.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
Dynedux 4 days ago#26
AndreLeGeant posted...
Dynedux posted...
That's it, Vince is surely done this time. WWE bankrupt in 6 months TOPS! 


Oh wait


Income down over 50% year to year.


And expenses?
Noctis 906atk - 813.793.244
~700 atk Roberta chain
geno_16 4 days ago#27
pycho316 posted...
Oh shit, news of WWE doing well? Quick somebody bring up ratings or something.

They're spending a ton of money in order to make a ton of money. That's exactly what WCW did. Then WCW stopped making tons of money but was still spending tons of money and the company collapsed.

I'm not saying it'll happen to WWE too, but this continuous increase in expenses is something that should be addressed by people in the company assuming it hasn't already. Like, what are they spending money on, why are they spending money on it, and is it directly contributing to their increased revenues?

On a side note, once again I laugh at the fact that WWE Studios is running at a loss. Why the hell have they not shut this down yet? It's not like they're drawing new fans by putting Miz in shitty direct-to-DVD action movies or funding horrible Christian movies with HBK. I don't understand what they think WWE Studios is giving them that they feel it's worth continuing when it more often that not loses money.
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Mostly traditional stages, the occasional gimmick stage.
#28
(message deleted)
Dynedux posted...
AndreLeGeant posted...
Dynedux posted...
That's it, Vince is surely done this time. WWE bankrupt in 6 months TOPS! 


Oh wait


Income down over 50% year to year.


And expenses?


Up $41m year to year.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
Dynedux 4 days ago#30
geno_16 posted...
pycho316 posted...
Oh shit, news of WWE doing well? Quick somebody bring up ratings or something.

They're spending a ton of money in order to make a ton of money. That's exactly what WCW did. Then WCW stopped making tons of money but was still spending tons of money and the company collapsed.

I'm not saying it'll happen to WWE too, but this continuous increase in expenses is something that should be addressed by people in the company assuming it hasn't already. Like, what are they spending money on, why are they spending money on it, and is it directly contributing to their increased revenues?

On a side note, once again I laugh at the fact that WWE Studios is running at a loss. Why the hell have they not shut this down yet? It's not like they're drawing new fans by putting Miz in shitty direct-to-DVD action movies or funding horrible Christian movies with HBK. I don't understand what they think WWE Studios is giving them that they feel it's worth continuing when it more often that not loses money.

WWE is currently expanding at a rate unseen in any North American promotion since (possibly) Vince gutted the territories and went national. That's why they're spending so much, where as WCW was spending so much to try to catch back up with wwes popularity
Noctis 906atk - 813.793.244
~700 atk Roberta chain
Dynedux posted...
geno_16 posted...
pycho316 posted...
Oh shit, news of WWE doing well? Quick somebody bring up ratings or something.

They're spending a ton of money in order to make a ton of money. That's exactly what WCW did. Then WCW stopped making tons of money but was still spending tons of money and the company collapsed.

I'm not saying it'll happen to WWE too, but this continuous increase in expenses is something that should be addressed by people in the company assuming it hasn't already. Like, what are they spending money on, why are they spending money on it, and is it directly contributing to their increased revenues?

On a side note, once again I laugh at the fact that WWE Studios is running at a loss. Why the hell have they not shut this down yet? It's not like they're drawing new fans by putting Miz in shitty direct-to-DVD action movies or funding horrible Christian movies with HBK. I don't understand what they think WWE Studios is giving them that they feel it's worth continuing when it more often that not loses money.

WWE is currently expanding at a rate unseen in any North American promotion since (possibly) Vince gutted the territories and went national. That's why they're spending so much, where as WCW was spending so much to try to catch back up with wwes popularity


Where are they expanding? The developing world? India is not a gold mine waiting to be tapped. It's a place to die trying to break in. Meanwhile some tours and stuff isn't "expanding." To expand into an Indian market you need an all Indian fed. 

If the next TV deal drops 10% then they are no longer profitable.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
Dynedux 4 days ago#32
Well the UK and India, and to a lesser extent Japan and China. Give it time, God didn't create the world in one day and Lord Almighty Vince can't take over the world in one year
Noctis 906atk - 813.793.244
~700 atk Roberta chain
Dynedux posted...
Well the UK and India, and to a lesser extent Japan and China. Give it time, God didn't create the world in one day and Lord Almighty Vince can't take over the world in one year


Having a U.K. belt defended in random indies isn't expansion to the U.K. It is the European belt on a jobber. 

Japan has little potential for any growth because of market saturation. 

China maybe one day could be something. But to really grow it has to be China centric and that will result in needing to deal with the Chinese government and censorship.

What you're calling expansion isn't much like expansion. And it certainly isn't why costs are so high.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
(edited 4 days ago)quote
lilJoe457 4 days ago#34
Record revenue. Record amount of money spent too. 

All that matters is the profit. They gotta spend a ton to make money.
The king of old school
Aumurva 4 days ago#35
"But... but... the expenses!"

I'm starting to think that people who bitched against the fact that WWE nixed Talking Smack and fireworks are doing so out of fear that they can't hold on to this precious criticism.

Give it up. WWE is doing well financially. They're growing. The interest for the product is there. Your opinion won't be validated here no matter how far you reach. You don't win. Sorry.
Sometimes you have to look at the bigger picture
nurnberg 4 days ago#36
Aumurva posted...
"But... but... the expenses!"

I'm starting to think that people who bitched against the fact that WWE nixed Talking Smack and fireworks are doing so out of fear that they can't hold on to this precious criticism.

Give it up. WWE is doing well financially. They're growing. The interest for the product is there. Your opinion won't be validated here no matter how far you reach. You don't win. Sorry.


How are they growing? A belt on a jobber who defends it an indie shows in the UK? One tour of India (which they tried before in the 90s)?
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
Viewership for their mainline TV shows each week is some of the lowest ratings they have ever had, but because Vince makes so much money on Network content, having a good weekly product isn't as important anymore. It really does hurt the fans.
(edited 4 days ago)quote
Dynedux 4 days ago#39
AndreLeGeant posted...
Aumurva posted...
"But... but... the expenses!"

I'm starting to think that people who bitched against the fact that WWE nixed Talking Smack and fireworks are doing so out of fear that they can't hold on to this precious criticism.

Give it up. WWE is doing well financially. They're growing. The interest for the product is there. Your opinion won't be validated here no matter how far you reach. You don't win. Sorry.


How are they growing? A belt on a jobber who defends it an indie shows in the UK? One tour of India (which they tried before in the 90s)?

Sounds like you need to fire off an angry email to Vince or something, you're awfully worked up over this.
Noctis 906atk - 813.793.244
~700 atk Roberta chain
McCutchen 4 days ago#40
nurnberg posted...


lawl based Haitch
To the well organized mind, death is but the next great adventure.
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BaronNugget 4 days ago#41
I wonder where all those NJPW fans on here have gone?
MUFC- The Religion.
Miami Dolphins: The 1 in 31-1
Lukenatme 4 days ago#42
AndreLeGeant posted...
Aumurva posted...
"But... but... the expenses!"

I'm starting to think that people who bitched against the fact that WWE nixed Talking Smack and fireworks are doing so out of fear that they can't hold on to this precious criticism.

Give it up. WWE is doing well financially. They're growing. The interest for the product is there. Your opinion won't be validated here no matter how far you reach. You don't win. Sorry.


How are they growing? A belt on a jobber who defends it an indie shows in the UK? One tour of India (which they tried before in the 90s)?


Did you expect the UK title to have half of the main eventers just split off and go fight for that title? Massive failure because Brock, Seth, and Dean didn't come over to the UK to fight over a new belt!!!
Lukenatme posted...
AndreLeGeant posted...
Aumurva posted...
"But... but... the expenses!"

I'm starting to think that people who bitched against the fact that WWE nixed Talking Smack and fireworks are doing so out of fear that they can't hold on to this precious criticism.

Give it up. WWE is doing well financially. They're growing. The interest for the product is there. Your opinion won't be validated here no matter how far you reach. You don't win. Sorry.


How are they growing? A belt on a jobber who defends it an indie shows in the UK? One tour of India (which they tried before in the 90s)?


Did you expect the UK title to have half of the main eventers just split off and go fight for that title? Massive failure because Brock, Seth, and Dean didn't come over to the UK to fight over a new belt!!!


No. I'm responding to the idea that it's "expansion" contributing to these costs.
I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
BaronNugget posted...
I wonder where all those NJPW fans on here have gone?

Probably too busy watching multiple quality matches in the G1 Climax. So refreshing after watching that vomit inducing of a PPV Battleground. I highly recommend it. 

Anyway, this news isn't gonna make current WWE automatically better. If anything, this is bad news for you WWE fans. This means WWE doesn't have to improve on anything. They'll stick with the old status quo. So yeah... You WWE fans are still gonna eat shit product on a weekly basis.
"V has come to."
BaronNugget 4 days ago#45
_DeathBerry_ posted...
BaronNugget posted...
I wonder where all those NJPW fans on here have gone?

Probably too busy watching multiple quality matches in the G1 Climax. So refreshing after watching that vomit inducing of a PPV Battleground. I highly recommend it. 

Anyway, this news isn't gonna make current WWE automatically better. If anything, this is bad news for you WWE fans. This means WWE doesn't have to improve on anything. They'll stick with the old status quo. So yeah... You WWE fans are still gonna eat shit product on a weekly basis.


But I thought NJPW will overtake WWE in popularity in the West soon?
MUFC- The Religion.
Miami Dolphins: The 1 in 31-1
jimbiz 4 days ago#46
Saxon posted...
Very disappointed in my fellow WWE fans.

As an elite elder in the wrestling community, I'm leading by example and canceled my subscription a month ago.

Saxon=truth account
Toronto Raptors' fan and Kofi Kingston's brother.
#BLACKEXCELLENCE #IMBLACKANDIMPROUD
Dynedux 4 days ago#47
BaronNugget posted...
_DeathBerry_ posted...
BaronNugget posted...
I wonder where all those NJPW fans on here have gone?

Probably too busy watching multiple quality matches in the G1 Climax. So refreshing after watching that vomit inducing of a PPV Battleground. I highly recommend it. 

Anyway, this news isn't gonna make current WWE automatically better. If anything, this is bad news for you WWE fans. This means WWE doesn't have to improve on anything. They'll stick with the old status quo. So yeah... You WWE fans are still gonna eat shit product on a weekly basis.


But I thought NJPW will overtake WWE in popularity in the West soon?

B-b-but mah narrative! New Japan is the second coming of Jesus Christ!
Noctis 906atk - 813.793.244
~700 atk Roberta chain
A record amount of people quit WWE network.

#CancelWWENetwork
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Dynedux 4 days ago#49
Dynedux posted...
That's it, Vince is surely done this time. WWE bankrupt in 6 months TOPS! 


Oh wait
Noctis 906atk - 813.793.244
~700 atk Roberta chain
Aumurva 4 days ago#50
OurLadyPeace posted...
A record amount of people quit WWE network.

#CancelWWENetwork


I still laugh at the results that came out the week after RR'15 (and #CancelWWENetwork)

Nobody takes negative criticism serious anymore, but it does become a free source of advertising.
Sometimes you have to look at the bigger picture
  1. Boards
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  3. WWE reveals network subscribers, record revenue
    1. Boards
    2. Pro Wrestling: WWE
    3. WWE reveals network subscribers, record revenue
    Broken_Zeus 4 days ago#51
    So basically it just justifies to management that no problem exists and things deteriorate until the inevitable collapse? >_>
    Gamefaqs cannot handle my #BrokenBrilliance
    XIII_rocks 4 days ago#52
    Not sure I understand the smugness

    Like yeah it's ridiculous to actually want WWE to go under, but it's equally ridiculous to sell the lie that everything is fine - that the ratings decrease is fine and the product is great. People ITT are taking the other extreme, which is completely counterproductive, and the gain from all of it is...semi-successful trolling of NJPW fans? Strange reaction.
    Such a lust for revenge
    (edited 4 days ago)quote
    You have to love how gullible morons here always lap up all time high revenues when these financial reports come out without looking at the expenses and what the overall profit is which is more important than revenue.
    New York Yankees
    Aumurva 4 days ago#54
    Morpheus102686 posted...
    You have to love how gullible morons here always lap up all time high revenues when these financial reports come out without looking at the expenses and what the overall profit is which is more important than revenue.


    Nah, they just shy away from that because they know you can't talk someone who has an anti-WWE agenda into understanding why overall revenue is important, what it signifies and implies, why investors who are smarter than you DO look at that. So they opt to troll your ass instead.
    Sometimes you have to look at the bigger picture
    (edited 4 days ago)quote
    nurnberg 3 days ago#55
    Aumurva posted...
    OurLadyPeace posted...
    A record amount of people quit WWE network.

    #CancelWWENetwork


    I still laugh at the results that came out the week after RR'15 (and #CancelWWENetwork)


    Didn't WWE gain a record number of subscribers during the smark "boycott"?
    Aumurva 3 days ago#56
    nurnberg posted...
    Didn't WWE gain a record number of subscribers during the smark "boycott"?


    Exactly. I believe it was that they finally broke the 1 million sub point.
    Sometimes you have to look at the bigger picture
    Aumurva posted...
    Nah, they just shy away from that because they know you can't talk someone who has an anti-WWE agenda into understanding why overall revenue is important, what it signifies and implies, why investors who are smarter than you DO look at that. So they opt to troll your ass instead.


    Lol at fanboys like you that don't even bother using basic common sense to understand that profit is a very important factor of a successful business. Nobody ever implied that higher revenues are bad either but ignorant minded people are ones that ONLY take that into consideration without looking at other factors.
    New York Yankees
    (edited 3 days ago)quote
    WWE after hours stock is down 4%. I think that's a sign people realized that this news wasn't good.
    I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
    They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
    Sounds like they are cooking the books
    Dynedux 3 days ago#60
    Vince is surely done this time
    Noctis 906atk - 813.793.244
    ~700 atk Roberta chain
    DD Divine 3 days ago#61
    Saxon posted...
    Very disappointed in my fellow WWE fans.

    As an elite elder in the wrestling community, I'm leading by example and canceled my subscription a month ago.


    I outrank you.

    Everyone should have the network
    while driving yesterday I saw a banana peel in the road and I instinctively swerved to miss it, thanks a lot Mario Kart.
    Sorry, maybe my comment was misunderstood. A record number of people actually did unsubscribe from WWE in that quarter. I wasn't making a sarcastic remark. 400000 people unsubscribed, I think. They were replaced with new subscribers which did push the overall number up however. Such a high churn rate is not good.

    I think what a few of us are saying is, yes, some headline numbers are important but you've got to dig a little deeper into the financials to understand the full picture. The numbers don't lie and they spell disaster for Smoa Joe
    Hyper Light Drifter. Out now on PC/Mac/Linux/PS4/Xbox One.
    (edited 3 days ago)quote
    Curious how many subscribers are paying as well, and how much each subscriber costs WWE. Like does MLB TV get a cut from each fee? What if someone is free?
    I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
    They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
    Pretty sure they've said in the past that all the subscribers counted in their financials are paying subscribers and they don't count free trials, if that's what you mean.
    Hyper Light Drifter. Out now on PC/Mac/Linux/PS4/Xbox One.
    OurLadyPeace posted...
    Pretty sure they've said in the past that all the subscribers counted in their financials are paying subscribers and they don't count free trials, if that's what you mean.


    Was curious about that. But an separately curious how much MLB gets per subscriber. May explain why costs rise so much.
    I don't drink. I don't smoke. I don't do drugs. I am your sXe hero.
    They should build a mosque in mecca. Right next to the dome of the rock. -- Lord Sideous
    steph4here 3 days ago#66
    For whatever reason....traders aren't that excited by the WWE's recent news...
    https://youtu.be/YVaahuLdrng s__S__s Mais saches que personne ne t'aimera comme moi
    Proud member of the Mickie Maniacs
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    3. WWE reveals network subscribers, record revenue

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