WWE today announced its 2014 Q4 and year end results with revenues for the quarter increasing 19% to $140.5 million from $118.4 million in the fourth quarter last year. For the quarter, the Company reported a Net loss of $1.6 million, or $0.02 loss per share, as compared to a Net loss of $7.9 million, or $0.10 loss per share, in the prior year quarter.
The revenue increase was driven by the Network and television rights fees.
“During the quarter, we remained focused on growing WWE Network, which surpassed 1 million subscribers in January 2015, just 11 months after launch. Subscriber growth was driven by a successful free November promotion, the launch of the service in the UK and the strength of our Royal Rumble event,” stated Vince McMahon, Chairman and Chief Executive Officer. “We believe that our 2015 road map provides significant opportunities for growth, as we continue to execute well, innovate faster and expand WWE Network, the single greatest opportunity to transform WWE’s business model.”
The full results can be read at http://finance.yahoo.com/news/wwe-reports-2014-results-q4-133000747.html
