WWE has published this afternoon the financial results of the fourth quarter of 2019 and the year as a whole, in addition to making a small forecast of what may be the year 2020. One of the data that could not be overlooked is that of WWE Network subscriptions.
According to WWE, registered users of payment have decreased by 10%, reaching the figure of 1.42 million subscribers today. In 2018, with the closing of the financial results, WWE announced 1,590,000 paid subscribers. At that time, paid subscribers in WWE Network increased by 7%, but this year the figure has been negative for the first time.
“As we work to strengthen the commitment in 2020, we are carrying out several strategic initiatives that could increase the monetization of our content, including content distribution in the Middle East and India, as well as strategic alternatives for our direct customer service, WWE Network, “said Frank Riddick, interim CFO of WWE.
Negative data with WWE house shows
The reduction of house shows in January that we mentioned a few days ago has an explanation. In 2019, the company had a decrease in income from earnings in live events compared to last year. WWE generated $34.4 million with these types of shows in 2018, while in the same quarter of this year, the figure decreased to 27.4 million.