Manik Aftab on November 4, 2021
WWE have publicized their earnings for the third quarter of 2021, saying they posted $255.8 million in revenue during the said period, which also saw the company return to ticketed live events, according to PW Insider.
According to the multi-billion-dollar conglomerate, higher ticket sales as well as venue merchandise sales contributed to a 15% ($34.2 million) increase in the company’s revenue recorded during Q3 2021.
Chairman and CEO Vince McMahon said the resumption of live event touring drove the company to perform better than their expectations. He added that the company would continue to see more success in regards to overall financial performance.
“Even with only one large-scale international event due to COVID-related circumstances, we will exceed our previous financial guidance given the overall strength in each of our business lines.
“We think our performance highlights the strength of our brand globally and supports our belief that we are well-positioned to maximize the value of our content and drive long-term shareholder value.”
WWE Chief Financial Officer Kristina Salen said the figures recorded reflect the continued demand for live events and that the company “attracted average audience above 2019 levels.”
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November 4, 2021 5:11 pm
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