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    Quick Hits

    WWE Beats Expectations

    By
    Oct 29, 2020 | 07:00 pm
    UPDATED Oct 29, 2020 | 09:29 pm
    WWE
    Scott Utterback via Imagn

    WWE posted a 19% year-over-year quarterly revenue increase despite the absence of ticketed events. An increase in content rights and decrease of event-related production costs drove income to grow nearly 900%.

    E-commerce revenue increased 60% to $9.1 million in the quarter. WWE Network subscribers also grew 6% and digital video views and hours consumed were both up 3%. 

    CEO Vince McMahon credited the successful quarter in part to WWE’s new management team, including President and CRO Nick Khan and CFO Kristina Salen. Khan was the co-head of CAA’s television division prior to joining WWE this summer.

    WWE Q3 By The Numbers: 

    $221.6 million in overall revenue

    $201 million in media rights revenue

    $19.9 million in consumer products revenue

    $700,000 in live events revenue

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