Pro wrestling mogul Vince McMahon’s once controversial over-the-top network delivered over-the-top results last quarter, lifting the company’s stock price off the mat.The most electrifying numbers in sports entertainment.
The shares surged 17.5 percent Thursday on the news that the WWE Network ended the second-quarter with 1.2 million subscribers, an increase of 75 percent from a year ago.
McMahon told shareholders the network’s performance “demonstrates our ability to transform our legacy pay-per-view business into a global subscription business with high growth potential.”
Thursday, July 30, 2015
WWE Network shares soar 17 percent in second quarter
The New York Post reports:
