WWE released their forth-quarter revenue results for 2016. They are reporting record revenue for 2016 as a whole. Below are some highlights from the press release put out by the WWE. It includes revenue numbers and Vince McMahon’s comments.
Revenue numbers:
“Revenue increased 11% to $729.2 million, the highest in the Company’s history, including record levels of revenue from its Network, Television, Live Event, Venue Merchandise, and WWE Shop segments”
Vince McMahon comments:
“During the past year, we continued to successfully execute our content strategy, which resulted in significant operational achievements and generated record revenue. We grew WWE Network to an average of more than 1.5 million subscribers, attracted record attendance of 101,763 fans at WrestleMania, and strengthened the global reach of our television programs, completing distribution deals in China, Australia, Germany and Spain, among other countries. The increased engagement with our brands across multiple platforms provides a foundation for achieving our 2017 and long-term financial objectives.”
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Also says that they expect to have another year of record revenue as they continue to grow.
Let us know what you think in the comment section below. Hopefully the company continues to thrive in the upcoming years!