Currently the plan seems that Lucha Underground will be taping less shows this season as the amount spent on every show was just too much and this way they don't have to cut the production value of the show. Right it seems as though they plan on shooting 12 tapings during the month of January which will likely before twenty-four shows which is down significantly from season one's thirty-nine shows.
Though it is not yet determined if the company will tape multiple episodes for each taping, but that seems very likely. In my opinion this is was a big problem for Lucha as they taped way too far in advanced and it ruined some title changes as some happened at an event 6 months before it would air on TV. But whatever works and it seems as though has established a stable fan base and is doing quite well for a relatively new company.