Tuesday September 26, 2023
The Best Employers in Sports Survey is Now Open!

WWE Reports Record Third Quarter Under New Leadership

  • Media revenue reached $233 million during the quarter, a 15% uptick year-over-year.
  • Revenue from live events was $35.2 million, up from 28 million in Q3 2021.
WWE-Wrestling-Ring
Dylan Azari / USA TODAY NETWORK
Front Office Sports Today

How Jamie Erdahl Made Good Morning Football Her Own

Jamie Erdahl joins to discuss her career and the growth of “Good Morning Football.”
Listen Now
September 25, 2023 | Podcast
Linkedin
Copy Link
Link Copied
Link Copied

WWE slipped a chokehold of recent controversy to score record results in Q3 2022. 

The Connecticut-based company posted $304.6 million in revenue in Q3, a 19% increase year-over-year. The record results were driven by WWE’s domestic live events, which included “Extreme Rules,” “SummerSlam,” and “Money in the Bank.” 

The events were the most viewed in their histories with respective year-over-year increases of 36%, 20%, and 17% on NBCUniversal’s Peacock

  • Media revenue reached $233 million during the quarter, a 15% uptick year-over-year.
  • Revenue from live events was $35.2 million, up from 28 million in Q3 2021.
  • Operating income reached $58.9 million, an 8% decrease year-over-year.
  • Free cash flow was $3.5 million during the quarter, down from $44.8 million behind an  increase in capital expenditures. 

In July, longtime WWE CEO and chairman Vince McMahon retired following allegations of sexual harassment, infidelity, and hush-money settlements. 

His daughter Stephanie McMahon and former WWE president and CRO Nick Khan took over as co-CEOs. An investigation by WWE cost the promotion $19.4 million in 2022.

Creating Opportunity 

In 2021, WWE created an NIL program called “Next In Line” — a pathway for college athletes to secure full-time contracts with the promotion upon graduation. WWE bolstered the program in October with the launch of an NIL recruiting tour called WWE Campus Rush.

The tour will visit eight FBS schools, starting with the University of Mississippi and ending with Penn State.

Linkedin
Copy Link
Link Copied
Link Copied

What to Read

Commanders Still Face Legal Fight Over Former Name

More than three years after shedding their former nickname, the Washington Commanders are still facing legal hurdles in connection with it. 

ESPN's Reported Studio Closures Could Mean More Layoffs

ESPN's Seaport studio will reportedly close by 2025.

NFL Owners' Debt Limit Could Increase To $1.6B

Currently, new NFL owners can use $1 billion of debt.

Colorado Blowout Loss Slows Down Coach Prime Frenzy

Blowout loss to Oregon drops Buffaloes out of the Top 25
podcast thumbnail mobile
Front Office Sports Today

How Jamie Erdahl Made Good Morning Football Her Own

0:00
0:00

Featured Today

Rob-Manfred-MLB

Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting
Jacksonville Jaguars Team President Mark Lamping addressed community members at Strings Sports Brewery on Main Street for the first of 14 planned town hall sessions to present the team's plans for the new "stadium of the future" complex and address the public concerns.
September 25, 2023

Jacksonville Jaguars President Walks Back Stadium ‘Threat’

"Viewing those comments as a threat to leave Jacksonville isn't correct."
Chatri Sityodtong
September 25, 2023

ONE Championship's Quest To Challenge Rival UFC Through U.S. Expansion

Leveraging its Amazon deal, ONE Championship seeks to expand in U.S.
Savannah-Bananas
September 24, 2023

Savannah Bananas Break All The Rules To Hit The Mainstream

Team concludes 2023 tour with even-bigger plans for next year

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
Chicago
Fanatics
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations
June 30, 2023

Nike To Revive Kobe Signature Shoe Line

Late HOFer will again be the center of a signature shoe line.
At Dick's Sporting Goods in Fairless Hills, Store Administrative Assistant Christine Vandfermay, of Philadelphia, restocks some Philadelphia Eagles items.
May 23, 2023

Dick’s Sporting Goods Sees Modest Growth, Less Foot Traffic

Dick's Sporting Goods saw a 5.3% increase in net sales in Q1.
Hellen Obiri of Kenya crosses the finish line to win the women's division at the 2023 Boston Marathon.
May 16, 2023

On Wants More Star Power, Visibility for Next Growth Phase

On is looking to grow through tennis and other verticals.
Topgolf
May 11, 2023

Topgolf Callaway Lowers Sales Expectations

Callaway cut its profit forecast for this year.
Endeavor
May 10, 2023

Endeavor Posts Record Quarter Amid UFC-WWE Merger Plans

Endeavor bought WWE in April, it also sold its IMG for $1.25B.
Barstool Sportsbook is owned by Penn Entertainment.
May 5, 2023

Penn Clashes With Barstool After Firing, Earnings Miss

Penn Entertainment's earnings missed and the company clashed with Barstool.
A view of the outside of Adidas' flagship store in Shanghai.
May 5, 2023

Adidas Beats Revenue Expectations Despite Costly Yeezy Struggles

CEO admits that the loss of Yeezy is “of course hurting us.”