They’re good at this. There are a lot of complaints to be made against WWE and a lot of them seem to be quite valid. The company has done quite a few things that make fans shake their heads, but there is one thing that WWE does rather well: make money. WWE has figured out how to make a fortune in wrestling and now we have an idea of what they have been doing as of late.
WWE released their third quarter earnings report on Thursday. The company announced that their revenue was up almost across the board compared to the third quarter of 2020, when the company did not run any live events with fans in attendance. This included revenue of $255.8 million, up 15% over last year. At the same time, operating income was $64 million, up only 1% ($600,000) by comparison. WWE began touring with fans again in July of this year.
It seems to be a good day for WWE financially. Check out some of their money moments:
Opinion: This is interesting in a lot of ways, with one of the biggest being the fact that revenue was up 15%, but operating income was only up 1%. In other words, WWE is indeed making more money, but they are also spending a lot more money, meaning they are keeping about the same amount as last year. WWE is still making a lot of money though, and that is what matters the most to them.
What do you think of the numbers? How could they make more money? Let us know in the comments below.
Thomas Hall has been a wrestling fan for over thirty years and has seen over 60,000 wrestling matches. He has also been a wrestling reviewer since 2009 with over 6,000 full shows covered. You can find his work at kbwrestlingreviews.com, or check out his- Amazon author page with 30 wrestling books.
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