WWE CEO On Rights Talks & Pending UFC Deal As Q2 Sales, Profits Jump; Vince McMahon On Medical Leave After Spinal Surgery

📆 8/2/2023 4:33 PM
📰 DEADLINE

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WWE set viewership records last quarter as revenue jumped 25% and the company’s planned merger with Endeavor’s UFC announced in April remains on track to close in the second half of 2023. Media sal…

announced in April remains on track to close in the second half of 2023. Media sales jumped more than 30% to $320 million, revenue from live events surged 50% to $62 million.

WWE CEO Nick Khan called the UFC deal “historic,” creating a “one-of-a-kind global sports and entertainment company.” , run by Endeavor CEO Ari Emanuel. The new company, valued at $21 billion, will be a subsidiary of Endeavor, with 51%, and the other 49% controlled by WWE.

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WWE Posts Record Revenue Amid “Most Successful” WrestleMania, Ratings and Attendance GainsThe sports entertainment giant, which is expected to close its merger with Endeavor’s UFC in the second half of the year, incurred $5.3 million of expenses in the second quarter related to costs in connection with and/or arising from an investigation into executive chairman Vince McMahon and related matters.
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