WWE Reports First Quarter 2021 Results

WWE has posted their financial earnings

WWE have reported their First Quarter 2021 financial results. 

Vince McMahon's promotion has posted a revenue of $263.5 million in Quarter One, a decrease of nine per cent or $27.5 million, which has been attributed to a lack of WWE ticketed live events and 'a large-scale international event', which would have most likely been one of WWE's bi-annual trips to Saudi Arabia. 

It is also noted that this decrease has been slightly offset by the sale of the rights to WWE Network in the United States to Peacock. 

McMahon said, in a statement: "During the first quarter, we continued to effectively execute our strategy, demonstrating our ability to adapt to a challenging live event environment and to expand the reach and monetization of our content in a changing media landscape. 

"The launch of WWE Network on NBCU’s streaming service, Peacock, the multi-year extension to distribute NXT on USA Network and the successful staging of WrestleMania illustrate the enduring and increasing value of the WWE brand as the foundation for long-term growth."

The full financial report for WWE's First Quarter 2021 can be read here.

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Mitch Waddon

Written by Mitch Waddon

Editor In Chief at Cultaholic.com