WWE is anticipating more subscribers for the fourth quarter of 2016 than the company originally expected. The company announced today that the low-end of their projected estimate for average paid subscribers has risen to 1.40 million. You can view the press release below:
WWE Reaffirms Fourth Quarter 2016 Adjusted OIBDA and Operating Income Guidance
Raises Expectations for Fourth Quarter 2016 Average Subscribers
STAMFORD, Conn.–(BUSINESS WIRE)– World Wrestling Entertainment, Inc. (NYSE:WWE) today announced that the Company has raised the low end of its projected range of average paid WWE Network subscribers for the fourth quarter 2016 and reaffirmed its 2016 Adjusted OIBDA and Operating income guidance.
Specifically, the Company announced that it expects at least 1.40 million average paid subscribers to WWE Network for the fourth quarter 2016. The Company reaffirmed its projections for fourth quarter Adjusted OIBDA of approximately $20 million to $24 million (Operating income of $12 million to $16 million). For the full year, the Company anticipates 2016 Adjusted OIBDA of $80 million to $84 million (Operating income of $54 million to $58 million) and average paid subscribers to WWE Network of approximately 1.42 million representing growth of 25% for the full year.