WWE Touts Higher Ratings, Rights Fees and Ticket Sales, But Earnings Drop on Saudi Event Timing

📆 03.05.2023 16:40:00
📰 THR

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The sports entertainment giant, which has agreed to merge with Endeavor’s UFC, beat Wall Street expectations though and noted that viewership for its two weekly flagship TV shows 'increased 7 percent, significantly outperforming overall cable and broadcast television, which declined 15 percent and 6 percent, respectively.'

and revenue on Wednesday, but both exceeded Wall Street expectations. While its business was propelled by higher media rights fees, as well as improved viewership and live events ticket sales, the company’s financials dropped as it didn’t get the major boost in the latest quarter that a big event held in Saudi Arabia in February 2022 had provided.

The results reported were for the three-month period ended March 31, or just before the big two-night WrestleMania 39 in Los Angeles in early April.

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