WWE stock is up over 20% today as of this rating following the announcement that the WWE Network has reached 1 million subscribers after just 11 months.
Currently above $12.50 per share, this is the highest that WWE stock has been valued since October 2014.
In WWE’s press release issued earlier today regarding the Network hitting 1 million subscribers, WWE Chairman and CEO Vince McMahon said:
“We’re thrilled that we’ve surpassed the 1 million subscriber milestone less than a year after launching WWE Network and in advance of WrestleMania, our biggest event of the year on March 29. We remain focused on delivering an outstanding value proposition for ours fans by adding new content and new features in the coming year.”
WWE rumored to be offering another free month of the Network in February in hopes of retaining new subscribers in March for WrestleMania 31.
