WWE Announces Third Quarter Revenue, Up Big Over Last Year
They’re good at this. There are a lot of complaints to be made against WWE and a lot of them seem to be quite valid. The company has done quite a few things that make fans shake their heads, but there is one thing that WWE does rather well: make money. WWE has figured out how to make a fortune in wrestling and now we have an idea of what they have been doing as of late. WWE released their third quarter earnings report on Thursday. The company announced that their revenue was up almost across the board compared to the third quarter of 2020, when the company did not run any live events with fans in attendance. This included revenue of $255.8 million, up 15% over last year. At the same time, operating income was $64 million, up only 1% ($600,000) by comparison. WWE began touring with fans again in July of this year. It seems to be a good day for WWE financially. Check out some of their money moments: [This post contains video, click to play] [This post contains video, click to play] ..