H Jenkins on July 29, 2021
WWE has released their second quarter 2021 earnings report and there are several numbers to go over. In the end, the company is still doing incredibly well and reported big profit. All comparisons in the report are versus the prior year period unless stated otherwise.
The company’s revenue was up 19% which saw them increase to $265.6 million with a $42.2 million extra profit from the previous year’s period. This was thanks to a media segment revenue driven by increased monetization of content. WrestleMania’s ticket sales were also a part of that increase, because there were no tickets sold this time last year.
Operating income was $46.3 million, which was a decrease of 17% or $9.4 million. The company has more television and event-related programming now. That number included $8.1 million in severance expenses that they paid out during their several waves of firings.
Digital video views also increased to a record 11.2 billion. That marked an increase of 13%. Hours consumed by fans streaming WWE content reached a record 394 million, an increase of 5% across digital and social platforms.
We will have full coverage of WWE’s financial meeting once it takes place. Keep checking back with Ringside News for more important updates.
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July 29, 2021 4:34 pm
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