WWE First Quarter 2021 Earnings Report Shows Drop In Revenue

WWE reported their earning for the first quarter of 2021. They celebrated another profitable quarter, but they did see a slight decline in overall revenue.

The company boasted $263.5 million in revenue for the first quarter of 2021, a 9% decrease from the previous year. Operating costs were at $65.1 million, an increase of 22% from last year, or $11.8 million.

WWE’s digital video views racked in at 9.4 billion. That is an impressive number, but it is a 2% decrease from last year. In total, 367 million hours of WWE content was consumed, an increase of 7% from last year.

The company is very happy about their expansion into Peacock on March 18th. That was a big highlight of the presentation as well. Now that WWE Network subscribers are a part of Peacock, subscriber numbers are not released.