Update on WWE Leadership Status After JP Morgan’s TKO Stock Report Raising Concerns About “Fan Dissatisfaction”

JP Morgan recently released a new report about their analysts slightly downgrading their expectations for WWE’s parent company TKO Group’s upcoming 2026 second fiscal quarter report release and announcement on August 3rd.

JP Morgan downgraded their current expectations for TKO stocks going from their previous expectation of $225 per share to now $222 per share. While this amount is way higher than the current price for TKO stocks, the report stated that they have become more cautious about TKO for the near term due to higher costs, weaker fan sentiment, and fewer catalysts for stock growth.

In regards to WWE, JP Morgan gave their concerns about WWE’s current creative quality and attributed it for being one of the key reasons why ticket demand for this August’s SummerSlam 2026 is down compared to last year’s event.

JP Morgan also reported that WWE RAW ratings on Netflix trending down year over year for being another issue related to the current fan dissatisfaction with the company.

“Shares are down 4% from Q1 earnings and off from highs reached in late June. There remains concerns around the state of WWE creative and ticket demand including for the upcoming SummerSlam. The latter we think is a reasonable consequence of comping last year’s event in New York and the still relatively new shift to a two-night format. Regarding the creative question, we’re not dismissive, though as we’ve written previously, periodic fan dissatisfaction isn’t new and certainly has been worse (AEW’s rise in 2019 for instance). Viewer data meanwhile looks mixed, with Raw on Netflix trending down YoY, though we estimate PLEs are up (SmackDown comparisons are difficult given Nielsen’s methodology changes).”

Dave Meltzer reported in this week’s Wrestling Observer Newsletter that his sources within WWE stated that despite JP Morgan’s recent report which affects TKO’s stock price, nothing is currently expected to happen until around 2028. Meltzer reported that is when WWE’s media rights deals with both Netflix and USA Network will be in play and both ending at the end of 2029.

Meltzer reported that those spoken to stated that if WWE’s numbers are not strong by then, that is when TKO COO and President Mark Shapiro and the company will really start pressuring both WWE President Nick Khan and WWE CCO Paul “Triple H” Levesque. Meltzer also reported that if WWE’s numbers are strong by then, then things will star the way they currently are in the company.