WWE posts their Q2 2016 earnings report on Thursday, another strong quarter with record revenue

WWE released their earnings report on Thursday morning for the second quarter of 2016. Some highlights of the report include the following:

* Revenue increased 32% to a record $199 million, which is the highest quarterly revenue in company history.

* WWE Network acheived a record 1.52 million paid subscribers on average, up 25% from Q2 2015.

WWE Chairman Vince McMahon commented on the Q2 2016 earnings report with the following:

“I continue to be pleased with the execution of our strategy to optimize the long-term value of our content. Progress on this objective is evidenced by the continued year-over-year growth of WWE Network, the transition of SmackDown to a live format every week and the completion of our first exclusive content agreement in China.”

Source: Corporate.WWE.com