World Wresting Entertainment dives after online subscriber tally disappoints


Shares of World Wrestling Entertainment (WWE -19.9%) are slammed after the company releases subscriber totals for its online video channel.

A sub count of 667K is below early expectations for a mark of closer to a million.

WWE had almost double YTD on enthusiasm over the online venture before today's selling frenzy.

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Comments (2)
  • Jacob Steinberg
    , contributor
    Comments (808) | Send Message
     
    A lot of people were talking about 1 to 2 million subscribers but it turns out they will not achieve this anytime soon. The company's current stock price easily prices in 2 million subscribers.
    8 Apr 2014, 02:08 AM Reply Like
  • User 18575242
    , contributor
    Comment (1) | Send Message
     
    You don't understand how WWE's business works. Business numbers don't really mean as much with this company as they do for a company selling oil, or any other entertainment company for that matter.

     

    The 667k number is for the United States alone. They haven't even released it to the rest of the world yet. When Canada gets a crack at it that million subscriber limit will be reached. When China and the rest of Asia get a hold of it the million subscriber number will be shattered. WWE is extremely popular internationally and a big portion of their subscriber base is going to be outside the US.
    11 Apr 2014, 06:45 PM Reply Like
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