During WWE's first quarter conference call on Monday, which they consider a huge success. WWE Network su♛bscriptions, among other numbers, were re💝leased.
WWE Network subscriptions (both paid and free) saw a 9% jump over the day after WrestleMania 33, and ended at 1,808,000 paid, and 2,124,000 total. This marks the first time WWE has reported over 2 million subscribers on the♒ir service.
You can see the press release from WWE below
WWE® (NYSE: WWE) today announced that its digital streaming service, WWE Network, reached a record 2.12 mil🌱lion total subscribers following last night’s WrestleMania®.1 This is a 9% increase from April 3, 2017, the day after WrestleMania last year.
“We expect to deliver record subscriber levels, revenue and Adjusted OIBDA in 2018,” said George Barrios, WWE Co-President. “WWE Network’s continued growth along with our massive reach across traditional television as well as digital and social platforms, reaffirms t𓄧he effectiveness of our global, multi-platform content strategy.”
WWE Network Subscriber Highlights
WWE Network achieved record levels of total and total paid subscribers as of April 9, 2018. Total paid subscribers reached 1.81 million, representing a 9% increase from April 3🍨, 2017 – the day after WrestleMania last year.
WWE Network total subscribers at WrestleMa🌠n𓄧ia 34 and WrestleMania 332,3:
WrestleMania Milestones
WrestleMania broke the record for the Mercedes-Benz Superdome’s highest grossing entertainment event at $14.1 million, as ⛄a sold-out crowd of 78,133 fans from all 50 states and 67 countries attended the event. As part of the week-long WrestleMania celebration, WWE hosts five consecutive nights of events at the Superdome and the Smoothie King Center
🎀WWE Network subscribers viewed 25.2 million hours during W⛄restleMania Week or 14 hours per subscriber during the week. This compares to 22.5 million hours last year, a 12% year-over-year increase
WWE 2018 Perspective
Q1 2018: Based upon preliminary data, WWE Network attracted an average of approximately 1.56 million paid subscribers over thꦿe first quarter 2018, representing a 5% increase from the first-quarter 2017 average. The first quarter 2ﷺ018 average was in-line with guidance of approximately 1.53 million.3
During the first quarter 2018, the Company realized stronger than anticipated performance. As a result, the Company expects Q1 Adjusted OIBDA of at least $3ꩵ0 million (subject to the𒅌 completion of its quarterly close process), exceeding its previous guidance of $23 million to $27 million.4
Q2 2018: If the acquisition and retention of subscribers driven by WrestleMania is comparable to the subscriber activity associated with the prior year event, average paid subscribers for the se🌸cond quarter 2018 would be approximately 1.77 million, representing an increase of approximately 8% from the second quarter 2017.5 As future subscriber performance may differ from prior activity, thi𒀰s range is provided for perspective rather than as guidance.
2018: WWE management continues to expect th꧂e Company to achieve another year of record revenue and has raised its t༺arget for 2018 Adjusted OIBDA to at least $145 million (excluding stock-based compensation expense), which would be an all-time record, exceeding its previous guidance of at least $140 million.4
Below is a look at the growth (and at times decli💮ne) of WWE Network's paid subscriber base since launching back in 2014.
