WWE: Third Quarter Earnings Report Lays The SmackDown On WWE’s Stock

If this isn’t the worst year in company history, I challenge you to tell us which year has been worse for the WWE.

The close to one billion-dollar company issued its third quarter earnings report on Thursday, which shows significant decreases in a number of key areas:

Television Revenue: 

Q3 2014: $42.2 million

Q3 2013: $44.8 million

Home Entertainment Revenue:

Q3 2014: $3.6 million

Q3 2013: $5.2 million

Digital Media Revenue:

Q3 2014: $5.0 million

Q3 2013: $7.2 million

Live Event Revenue:

Q3 2014: $21.8 million

Q3 2013: $25.1 million

The company reported a total net loss of $5.9 million and a total of  731,000 WWE Network subscribers. In the report, WWE Chairman and CEO Vince McMahon is quoted as saying, “To capitalize on the substantial opportunity created by WWE Network, it’s time to remove all the barriers to those that want WWE. We are excited to introduce a new simplified price plan at $9.99 per month, and like Netflix with no commitment/cancel anytime.”

At the moment of writing this article, WWE’s stock is down 5.35% (-$0.71) at $12.56 on a day where Dow, Nasdaq, and S&P are all up. What this mean’s for the future of the product remains a mystery, but I did speak on the subject in the inaugural episode of WrestledelphiaTV:

Wrestledelphia.com editor Mark Whited can be reached at . Follow him on Twitter at  or .