WWE Q3 2017 Financial Results Released
Revenue is up, but live attendances are on the slide.
WWE have today released their full financial reports for Q3 2017, and as usual, there's a lot to digest.
The company's revenue has once again increased, with WWE raking in $186.4 million in Q3, based primarily on the success of their media, licensing, and live event divisions. This is in spite of a decline in North American live event attendances, which have fallen by 8% to an average of approximately 4,900 per show.
Other highlights include a surprisingly high OIBDA (WWE's chosen method of measuring profit) of $40.4 million - up from £18.6m the previous quarter. The paid Network subscriber count has also climbed to 1.52 million, which is in-line with the company's expectations, and their "digital engagement" is also on the rise, with video views and social media interactions up 23% and 5% respectively (over the past nine months).
Vince McMahon attributes this success to "growing and engaging a large, global audience across multiple platforms," as per the reports. WWE Chief Financial George Barrios added that they've now increased their initial targets for 2017, and anticipate record revenue, OBIDA, and Network subscriber levels by the year's end.
WWE's full financial results can be viewed here.