WWE’s 2024 earnings report shows revenues of $1.398 billion, down in Q4 due to expired media deals. Viewership for WWE Raw increased by 13% on Netflix, while NXT saw a 12% boost on the CW Network. Plans for more events in Saudi Arabia and Australia highlight WWE’s strategic growth, with estimated savings of $100 million through integration with UFC.
TKO executives recently released their Q4 and full year 2024 earnings report, revealing key financial details about WWE. WWE reported annual revenues of $1.398 billion, just shy of UFC’s $1.406 billion. In Q4, WWE earned $298.3 million, reflecting a year-over-year decline of $32.9 million attributed to reduced media rights fees from WWE Raw’s expired contract with NBCUniversal and the delayed Netflix deal set to commence in January.
The financial highlights indicate WWE’s strengths and weaknesses, particularly in media rights and viewership. The promising outlook on WWE’s content expansion with Netflix, alongside planned events in Saudi Arabia and Australia, points to a strategic growth plan. Overall, TKO executives aim for sustained profitability and market expansion in the wrestling and sports entertainment industry.
Original Source: ewrestling.com
