Though attendance figures and TV ratings were down, World Wrestling Entertainment marked its biggest year for revenue and profit in 2021. Thanks to WWE's belt-tightening and lucrative media deals, the stock has rebounded since 2019:
Last year was World Wrestling Entertainment Inc.’s biggest year for revenue and profit.At the same time, attendance figures and TV ratings were down.Audience: about 3 to 4 million people watch WWE every week, down from 8 to 10 million in the early 2000s
WWE claimed ticket sales of more than 70,000 for each night of Wrestlemania in early April, but some pro wrestling audience members were skeptical the crowds were that large. Over the past year, staff cutbacks came every few months, but the stock price hung around $62.42 a share as of April 6.WWE has become increasingly reliant on its media business and less on in-person shows and pay-per-view events. Its stock performance tells its own story.Thanks to WWE’s belt-tightening and lucrative media deals, the stock has rebounded since 2019.continuing a trend that started in 2019, when media sales were $743.1 million.Live events produced net revenue of $57.
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