Subhojeet Mukherjee on April 19, 2024
The announcement that Monday Night RAW will be moving to Netflix has created a significant buzz among WWE fans worldwide. This new partnership represents a major shift in the way WWE content is distributed and consumed. Fans have been excited about the potential for broader access to Monday Night RAW and the possibilities for new features or formats that Netflix might introduce. Now, Netflix has made another significant announcement that could further impact the WWE viewing experience
It was reported that WWE and Netflix confirmed their huge deal to move Monday Night RAW to the streaming service, which will begin in January 2025. The reported deal, valued at over $5 billion for a duration of ten years, shocked fans all over the world and the deal was announced on January 23rd.
On April 18, Netflix announced its first quarter earnings for 2024, revealing a significant change in how the streaming service reports its metrics. Starting in 2025, Netflix will cease reporting quarterly subscriber numbers. Instead, the company will announce “major subscriber milestones” as they happen, without regularly disclosing the quarterly subscriber data.
“As we’ve noted in previous letters, we’re focused on revenue and operating margin as our primary financial metrics — and engagement (i.e. time spent) as our best proxy for customer satisfaction.
“In our early days, when we had little revenue or profit, membership growth was a strong indicator of our future potential.
““But now we’re generating very substantial profit and free cash flow (FCF). We are also developing new revenue streams like advertising and our extra member feature, so memberships are just one component of our growth.
“In addition, as we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact.
“It’s why we stopped providing quarterly paid membership guidance in 2023 and, starting next year with our Q1’25 earnings, we will stop reporting quarterly membership numbers and ARM.”
Triple H is also confident that fans will make the transition to Netflix without any concerns. Nick Khan has addressed whether Vince McMahon’s allegations had any impact on the Netflix deal.
This shift in reporting comes ahead of the arrival of Monday Night RAW on the platform and marks a notable change in how Netflix approaches transparency with its subscriber base and stakeholders. By focusing on major milestones rather than quarterly fluctuations, Netflix may be aiming to present a broader perspective on its growth and achievements.
Are you looking forward to WWE’s deal with Netflix next year? Let us know in the comments section below!
April 19, 2024 7:22 am
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