New York (CNN Business) The news keeps getting worse for the sports entertainment company World Wrestling Entertainment.

WWE WWE Shares offell 9% Thursday morning after the company reported "considerable uncertainty" about its strategy and outlook. The stock already has plunged more than 30% in 2020.

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 a share, which topped Wall Street's forecasts. Revenue came in at $323 million, up nearly 20% from a year ago but lower than analysts' forecasts of $332 million.

But the company has been rocked in recent months by concerns about its international growth as it seeks to ink new television contracts in many foreign markets.

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