Vince McMahon Speaks On Net Loss Of $8 Million In WWE's 2014 First-Quarter
WWE revealed their first-quarter financial results on Thursday. The company reports a net loss of $8 million, compared to a net income of $3 million for the first-quarter of 2013. “For the quarter, our earnings reflected the launch of our WWE Network, which delivers unparalleled depth of programming, ease of use and value to our fans,” said Vince McMahon in a company press release.
McMahon continued, “With almost 670,000 WWE Network subscribers in the U.S. and nearly 400,000 domestic pay-per-view buying homes for WrestleMania 30, we are confident that we will reach our goal of 1 million subscribers by the end of 2014. To drive WWE Network subscriber growth, we are highly focused on further developing our programming, expanding distribution platforms and executing customer acquisition campaigns. The expansion of WWE Network in the U.S. and international markets will provide a platform for long-term growth over the coming years.”
Check out the full press release at 4-Traders.com.
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