WWE Releases Third Quarter Financial Results, Company Sees $5.9 Million Loss Compared to 2013, Vince McMahon Comments

Vince McMahonWWE revealed its 2014 third quarter financial results on Thursday and reported a net loss of $5.9 million compared to net income of $2.4 million in the third quarter of 2013.

Vince McMahon had the following to say regarding the numbers in a press release via 4-traders.com:

“During the quarter, we delivered stronger financial performance than anticipated and surpassed our guidance while making significant progress on the execution of our WWE Network strategy.

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. “This reflects our belief in the broad appeal of WWE Network content. Additionally, we continue to develop the international platform for WWE Network and plan to make the network available in the U.K. on an OTT basis in November. WWE Network continues to be the single greatest opportunity to transform WWE’s business model and we remain optimistic about our potential to drive long-term growth.”

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