The company said Thursday it was considering “alternative strategic options for the WWE Network,” its streaming service that charges users a monthly subscription fee of $ 9.99 to watch special live events like “Royal Rumble” and “Wrestlemania” .
WWE reported fourth-quarter earnings of 78 cents per share, which exceeded Wall Street forecasts. Revenue reached $ 323 million, almost 20% more than a year ago, but lower than analyst forecasts of $ 332 million.
But the company has been shaken in recent months by concerns about its international growth, as it seeks to sign new television contracts in many foreign markets.
“We believe that the value of live sports will continue to increase, particularly in the current landscape of the evolving media, and we are well positioned to take advantage of this trend to maximize the value of our content,” McMahon said in a statement.
Wall Street is not so sure. Several analysts have reduced their rating and price targets for WWE in recent months.