WWE's Q1 2023 Results Highlight Product Success Despite Revenue Decline.

TL;DR Summary
WWE's Q1 financial report shows a decline in revenue from the previous quarter and year-over-year, but highlights the success of their live events and flagship programs, which outperformed overall cable and broadcast television. North American ticket sales revenue increased by 52% over the prior year period, and the company returned $8.9 million of capital to shareholders through dividend payments. The report also mentions the planned Endeavor acquisition and merger with UFC, with the goal of creating a global sports and entertainment business.
- WWE's Q1 financials focus on company's hot product, not revenue decline Cageside Seats
- Read WWE's Entire Q1 2023 Results Release, Including Details On UFC-Endeavor Deal Wrestling Inc.
- WWE® Reports First Quarter 2023 Results – World Wrestling Entertainment Inc. WWE Corporate
- WWE Touts Higher Ratings, Rights Fees and Ticket Sales, But Earnings Drop on Saudi Event Timing Hollywood Reporter
- WWE SmackDown & Raw Buck Q1 Market Trends, Crush Ratings Wrestling Inc.
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
85%
562 → 82 words
Want the full story? Read the original article
Read on Cageside Seats