-

WWE stocks take a massive beating on Wall Street

WWE stocks took one hell of a beating on Wall Street today after they announced the WWE Network subscribers count, obviously falling behind Wall Street’s expectations.

Stocks opened the day at $27 and went down to $21.73 before going back up to $23.90 for a drop of 14.7%. Stocks continued to slide in after hours trading, losing an additional 1.21% to finish off at $23.61.

The post-WrestleMania sell off certainly doesn’t bode well for the company as it shows that investors have no high expectations that WWE will eventually break even or make profit off the Network as previously thought.

WWE has said that it will need 1 million subscribers to break even on the Network and hoped to reach that number by the end of 2014.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Brody King and Buddy Matthews file trademark applications for new names

With Malakai Black's departure from AEW, the House of Black is also seemingly dead for obvious reasons, but Black's...

Bayley back on the Raw roster

Former WWE Women's champion Bayley has officially joined the Raw roster, switching from the blue brand as part of...

WWE and Fanatics announce WWE World at WrestleMania 41

WWE and Fanatics today officially announced the return of WWE World at WrestleMania 41, a five-day event which will...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading