WWE (World Wrestling Entertainment) has announced financial and performance results for its second quarter ended June 30th.
The entertainment behemoth increased 31 per cent to $281.6 million driven by the increased monetisation of content and new US distribution agreements with USA Network and Fox Sports (effective October 2019).
WWE Network, the company’s SVoD service, saw average paid subscribers increase 10 per cent to 1.80 million. Digital engagement continued to grow through the first six months of 2018 with video views up 58 per cent to 14.4 billion and hours consumed up 71 per cent to 509 million across digital and social media platforms.
Vince McMahon, WWE chairman and CEO, commented: “We’re pleased with our continued success in increasing the monetisation of WWE content globally. This success is evidenced by the completion of our new US distribution agreements with USA Network and Fox Sports, the staging of another record-breaking WrestleMania, and the development of a 10-year strategic partnership with the Saudi General Sports Authority.”