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EditorialQ1 Financials - ​The Updated WWE Network Numbers Revealed - Details

Q1 Financials – ​The Updated WWE Network Numbers Revealed – Details

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Last year following WrestleMania, it was announced that the WWE Network had around 670,000 subscribers. Today it was announced in the Q1 earning report that Network revenues had grows 104% from the prior year quarter. WWE Network surpassed 1.3 million subscribers following WrestleMania 31, making it the most viewed WrestleMania in history (they also did 259,000 traditional PPV buys). The subscriber level at the end of the quarter was nearly double the number of subscribers reported on April 7, 2014. There was also an increase of 33% since January 27th, driven by the WrestleMania event and the free promotions the company offered.

* As of March 31st, the WWE Network has 1,327,000 paid subscribers. From inception through March 31, 2015, WWE Network had attracted nearly 1.8 million unique subscribers with 74% of these subscribers active as of that date.

* The Network had an average of approximately 927,000 paid subscribers for the first quarter 2015, representing a 29% increase from the fourth quarter 2014 average.2

* 94% of total subscribers accessed WWE Network at least once per month. WWE Network subscribers watched an estimated average of 53 hours of content per household over the quarter. This puts it among Netflix and the top cable and broadcast networks in terms of viewer hours per household.

* The Company continued the global distribution of WWE Network. During the quarter, the network was made available in the U.K. and Ireland in mid-January for £9.99 per month and €12.99 per month, respectively, and was launched in the Middle East and North Africa in late March as a premium linear channel. Also Rogers Communications, the Company’s exclusive network distribution partner in Canada, reached agreements that made WWE Network available nationally in Canada before WrestleMania (March 29). At quarter-end, WWE Network had approximately 196,000 international subscribers.

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