WWE Reports Big Revenue Increase This Quarter, Stock Up

WWE released their financial report for the first quarter of 2020 today, revealing big gains over last year.

WWE’s revenues for the quarter was $291 million, up 60% from the same quarter last year, mostly due to their new TV deals that were signed. The company made a profit of $53.3 million for the quarter. In the same quarter last year, they had a loss of $6.8 million.

WWE Network’s average paid subscribers were 1.46 million, up slightly from 1.42 million last quarter. Subscribers reached as high as 2.10 million on April 6, the day after WrestleMania.

WWE’s stock was up over 12% in after hours trading as of 9 PM ET at around $44 per share.

Vince McMahon and others also took part in an investors call after the report, which you can listen to below.

Click here to view WWE’s full press release.