WWE Network Shows Subscription Jump
By Community | February 8, 2019
World Wrestling Entertainment’s SVOD network has topped 1.5 million paying subscribers, according to the groups’ latest report showing full-year revenues up by 16% to $930.2 million, the highest in WWE history.
The WWE Network saw average paid subscribers increase by 7% in the 4th quarter to about 1.59 million and group revenues were up 29% over the same period last year to $272.5 million.
Digital engagement continued to grow in 2018 with video views up 57% cent 31.4 billion and hours consumed up 77% to 1.2 billion across digital and social media platforms.
“In 2018, WWE generated the highest level of revenue and earnings in the company’s history by leveraging our brand strength to increase the monetisation of our content worldwide,” said Vince McMahon (pictured), Chairman and Chief Executive Officer. “Our long-term growth strategy will continue to focus on content creation, digitisation and international development.”