wrestling / News

WWE Q2 Financials: WWE Media Division Jumps 19 Percent

July 28, 2016 | Posted by Larry Csonka
WWE Network Image Credit: WWE

– In today’s WWE Q2 financials, the company announced that the Media Division increased 19%, to $117.5 million, primarily due to the growth of WWE Network and the contractual escalation of television rights fees. The Network revenues, which include revenue generated by WWE Network and traditional PPV, increased 29% to $51.8 million. WWE Network subscription revenue increased 25% to $45.9 million from $36.6 million in the prior year quarter based on a 25% year-over-year increase in average paid subscribers to 1.5 million.

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WWE, WWE Network, Larry Csonka