WWE Network reaches 1.6m paying subscribers

Wrestling streaming service WWE Network increased its paying subscribers number 7% year-on-year in Q4 2018 to 1.59 million – a figure it expects to stay flat in the current quarter.

Announcing its fourth quarter and full year 2018 results, WWE said that it added more than 100 hours of original content to WWE Network’s featured programming and nearly 450 hours of archival content, which resulted in an on-demand library of approximately 11,500 hours at the end of Q4.

For its social and digital platforms, the company produced more than 160 hours of content, including the second season of Mixed Match Challenge on Facebook Watch.

WWE Network includes all live pay-per-view WWE matches, scheduled programming and WWE’s video-on-demand library and is currently available in more than 180 countries.

Overall, WWE reported a 29% year-on-year increase in Q4 revenue to US$272.5 million. Operating income nearly doubled to US$53.4 million, up from US$27.0 million a year earlier.