Sport Daily 24Sport Daily 24
    What's Hot

    What channel is Mets vs. Phillies on tonight? Time, TV schedule, stay stream for MLB Friday Night time Baseball sport

    September 22, 2023

    James Maddison seeking to present Arsenal what they’re lacking in north London derby after being ignored for Martin Odegaard

    September 22, 2023

    Can we please cease performing just like the Blazers owe Damian Lillard the world?

    September 22, 2023
    Facebook Twitter Instagram
    Sport Daily 24Sport Daily 24
    • Football

      James Maddison seeking to present Arsenal what they’re lacking in north London derby after being ignored for Martin Odegaard

      September 22, 2023

      Irate Unai Emery filmed dropping it on Aston Villa bench throughout Convention League defeat

      September 22, 2023

      Tributes pour in for Sheffield United Ladies’s footballer Maddy Cusack who dies aged 27

      September 22, 2023

      West Ham 2-1 Backa Topola LIVE: Kudus scores first Hammers purpose to show Europa League tie round

      September 21, 2023

      LASK vs Liverpool LIVE: Gravenberch makes full debut whereas Doak handed first senior begin as Reds start Europa League marketing campaign

      September 21, 2023
    • Boxing

      Josh Taylor vs Teofimo Lopez date: UK start time, undercard, live stream and how to watch – Undefeated Scotsman defends WBO super lightweight title

      May 31, 2023

      Shakur Stevenson once fought for world title against his girlfriend’s brother and beat him amid personal feud

      May 31, 2023

      Claressa Shields vs Maricela Cornejo LIVE: UK start time, undercard and how to follow – GWOAT returns to the ring after dispatching Savannah Marshall

      May 30, 2023

      Boxer breaks Australian comedian’s rib with body shot after 11 seconds in the ring

      May 30, 2023

      Chris Billam-Smith wants to fight Canelo after world title win against Lawrence Okolie

      May 30, 2023
    • NBA

      Can we please cease performing just like the Blazers owe Damian Lillard the world?

      September 22, 2023

      ‘I do not actually like proudly owning groups’

      September 22, 2023

      High 20 NBA gamers underneath 25 years outdated: Luka Doncic, Ja Morant and Anthony Edwards lead star-studded record

      September 22, 2023

      ESPN’s Shannon Sharpe rips Bucks’ Giannis Antetokounmpo for nepotism

      September 21, 2023

      Giannis Antetokounmpo is giving the Bucks a license to commerce him, and they need to no less than contemplate doing it

      September 21, 2023
    • MLB

      What channel is Mets vs. Phillies on tonight? Time, TV schedule, stay stream for MLB Friday Night time Baseball sport

      September 22, 2023

      Stephen A. Smith first pitch: ESPN star’s disastrous toss attracts boos from Yankees devoted

      September 22, 2023

      Shohei Ohtani physique double: Angels use alternative for star participant at image day

      September 22, 2023

      What channel is Cardinals vs. Reds on at present? Time, TV schedule, dwell stream for MLB Friday Evening Baseball recreation

      September 21, 2023

      What channel is Padres vs. Astros on tonight? Time, TV schedule, stay stream for MLB Friday Evening Baseball recreation

      September 21, 2023
    • NFL

      Kevin O’Connell takes smart road on Justin Jefferson at OTAs

      May 31, 2023

      Replacing Tom Brady off to a horrendous start for the Buccaneers

      May 31, 2023

      Deshaun Watson adds fuel to DeAndre Hopkins buzz

      May 30, 2023

      Andy Reid just pummeled one NFL position into football extinction

      May 30, 2023

      Joe Burrow could take a page out of Tom Brady playbook, but should he?

      May 30, 2023
    • NHL

      2023-24 NHL Season Preview: Montreal Canadiens

      September 22, 2023

      NHL Approves Sale of Ottawa Senators to Michael Andlauer

      September 22, 2023

      Do Jake DeBrusk and Matt Grzelcyk Match Into the Bruins' Lengthy-Time period Plans?

      September 22, 2023

      NHL Fantasy Hockey Pacific Preview: Hidden Gems, Projections and Extra

      September 21, 2023

      Why David Reinbacher Wanted a Style of North America

      September 21, 2023
    • Tennis

      Rafa Nadal: Sure, I wish to be president of Actual Madrid

      September 22, 2023

      Dolehide saves 4 match factors, overcomes Trevisan in Guadalajara

      September 22, 2023

      Tennis: Gal Monfils unleashes forbidden dance strikes at UTS 2023, setting the group ablaze

      September 22, 2023

      Attracts, dates, prize cash and all the pieces you should know

      September 21, 2023

      Tennis: Simona Halep laments lack of proof as she serves four-year tennis ban

      September 21, 2023
    • Soccer

      Rickie Lambert, conspiracy theories – and why footballers are weak

      September 22, 2023

      USA vs South Africa abstract: scores, stats and highlights of Julie Ertz’s farewell match

      September 22, 2023

      Jonathan Amon interview: ‘I’ll undoubtedly get again within the USMNT. I don’t doubt it’

      September 22, 2023

      USWNT’s Julie Ertz retires from skilled soccer: what’s her internet price?

      September 21, 2023

      Kroenkes in dispute with FIFA over SoFi Stadium deal for 2026 World Cup

      September 21, 2023
    • Golf

      LEONA MAGUIRE – Golf Information

      September 22, 2023

      How many individuals does the primary tee grandstand on the Ryder Cup maintain? Marco Simone Golf Membership hosts spectacle occasion

      September 22, 2023

      Eleven Golf is altering the sport one hybrid at a time – Golf Information

      September 22, 2023

      Tiger Woods and Justin Timberlake launch New York sports activities bar with golf simulators, bowling alley and 200-inch TV

      September 21, 2023

      RYDER CUP 2023 – THE BEST BETTING MARKETS – Golf Information

      September 21, 2023
    • Cricket

      IND vs AUS: Rahul Dravid reveals the explanation behind Indian batters’ hesitance to bowl

      September 22, 2023

      IND vs AUS 2023, ODI sequence: Broadcast, Dwell Streaming particulars – When and The place to Watch in India, Australia, USA, UK, Canada & different nations

      September 22, 2023

      BD-W vs HK-W, Quarter Ultimate 4: Match Prediction, Dream11 Crew, Fantasy Suggestions & Pitch Report | Asian Video games 2023

      September 22, 2023

      Mohammed Siraj shares an emotional message for his late father after claiming the highest spot in ICC Males’s ODI Bowlers Rankings

      September 21, 2023

      Bangladesh signal former Indian spinner as technical marketing consultant for the ODI World Cup 2023

      September 21, 2023
    • F1

      Lando Norris reveals MCL60 felt ‘fairly in every single place’ however says tempo is there after first day of operating in Japan

      September 22, 2023

      Method 1: What are the assist races for the 2023 Japanese Grand Prix?

      September 22, 2023

      Tsunoda’s cryptic response over AlphaTauri future

      September 22, 2023

      F1 pundit backs Lawson to maneuver AWAY from Crimson Bull steady

      September 21, 2023

      BETTING GUIDE: Who’re the favourites for the win within the Land of the Rising Solar?

      September 21, 2023
    • WWE

      John Cena, The Rock reply to Dolph Ziggler's WWE launch

      September 22, 2023

      Ma.çé & Mån.sôör ‘Shoot’ On LA Knight & Maxxine Dupri On Twitch

      September 22, 2023

      WWE Content material Seemingly Set To Expire From Hulu Subsequent Week

      September 22, 2023

      Tiffany Stratton on Jade Cargill-WWE rumors: 'Deliver her on in'

      September 21, 2023

      Dolph Ziggler Launched By WWE

      September 21, 2023
    Sport Daily 24Sport Daily 24
    Home»WWE»WWE Q4 financials: Record-breaking yearly revenue, PPV viewership
    WWE

    WWE Q4 financials: Record-breaking yearly revenue, PPV viewership

    February 3, 20235 Mins Read0 Views
    Facebook Twitter Email
    Share
    Facebook Twitter Email

    WWE closed out 2022 with $1.3 billion in net revenue and record Peacock viewership.

    This post has been updated with notes from the investor call and subsequent Q&A.

    WWE’s financial dominance remains unmatched in the industry with the company announcing record-breaking yearly revenue and another strong quarter to end the year.

    Ahead of their quarterly investors call Thursday afternoon, the company released their reports and touted a company-best $1.3 billion in net revenue — an increase of 18% year-over-year (YOY). Their operating income also increased to a record $283.8 million, up 11% YOY.

    The record numbers were fueled by their various rights deals with NBCUniversal and Fox for both Raw, SmackDown and domestic WWE Network rights. Additionally, they enjoyed a full year of ticketed shows and their return to Saudi Arabia for major events.

    The other category of media revenue, which contains the revenue from the Saudi shows and additional programming, was up to $148.5 million, up from $73.5 million YOY.

    Their media revenue increased by roughly $97 million YOY. In the case of live events, revenue increased to $123.1 million YOY from 2021’s $57.8 million. Consumer product revenues were up by roughly $33 million YOY.

    The company did 231 total ticketed live events in 2022: 218 in North America and 13 internationally. The domestic shows averaged 6100. That’s up from 2021’s 101 total ticketed events (88 domestic/13 internationally) with an average of 6900.

    Quarterly success

    For the last quarter of 2022, WWE generated revenues of $325.3 million — an increase of 5%. The increase (due to “network revenues related to the timing of premium live events as well as higher monetization of third-party original programming”) were offset by declines in consumer product licensing and online sales in addition to the staging of the event in Saudi Arabia this past year and the prior year.

    Operating income for the quarter decreased by 22% to $62.7 million due to content creation costs, the Board’s Special Committee investigation into Vince McMahon, and a higher stock compensation expense.

    Of note, the report noted $2.3 million (Q4) and $21.7 million (2022) “associated with certain costs” related to the Board investigation into McMahon in addition to $7.4 million in expenses “related to certain payments to be made by the Company’s controlling stockholder.”

    Media revenue was up to $279.7 million YOY, buoyed by increased WWE Network license fees that were up to $47.1 million YOY and the “Other” category (powered by the Saudi show) that increased to $61.7 million.

    While live events were up slightly to $23.8 million YOY, consumer product revenue dipped to $21.8 million from $32.6 million YOY. 

    WWE held 61 ticketed events: 54 in North America and seven in international markets. In 2021, they did 57 total ticketed events: 48 in North America and nine in international markets. Average attendance was approximately 5500 for the North American shows, up from 2021’s 5200 average.

    The decrease in consumer product revenue was chalked up to a decrease in licensing (down to $12.3 million from 2021’s $18.1 million) and ecommerce revenue (down to $5 million from 2021’s $11 million). Venue sales were up by $1 million YOY

    Big domestic viewership increases for PPVs

    The company stated November’s Crown Jewel in Saudi Arabia, headlined by Roman Reigns vs. Logan Paul, was WWE’s most viewed international event ever with a 70% YOY increase on Peacock.

    Both Extreme Rules (36% YOY increase) and Survivor Series (46% YOY increase) broke domestic records for most viewership as well.

    While not in Q4, they still reported numbers on last Saturday’s WWE Royal Rumble as it saw a 52% YOY increase in domestic viewership with the highest gate in Rumble history.

    Call Notes:

    Nick Khan, Paul Levesque and Frank Riddick conducted the call. Khan acknowledged McMahon’s return to the company as did Levesque later on, saying having McMahon around “has been great” and having him back, even just at the Board level, is a great asset to the company.

    Khan acknowledged the exploration of a sale without saying the word “sale” and that they were reviewing all options for stockholder value. What they are looking for with a partner and how the sale could affect media rights came up consistently during the Q&A portion.

    Khan said that McMahon’s inclusion in running WWE wouldn’t be a factor with a sale and that he would step down and not be involved if it meant more for stockholder value.

    Khan said WWE set gate records for both Raw and SmackDown in more than 20 cities in 2022.

    Khan said more than 12,000 tickets have been sold for February’s Elimination Chamber in Montreal.

    Khan said WWE expects bigger success with sponsorship revenue in 2023 and are off to a strong start with Royal Rumble sales nearly tripling and that sponsorship revenue is up 98% thus far YOY.

    Khan said they are exploring selling rights to ring assets (think ring apron, turnbuckles, mat). 

    Khan said Mountain Dew/Pepsi came to them wanting to sponsor a match. His team then went to Levesque and asked what could be done.

    Read original article here

    News Summary:

    • WWE Q4 financials: Record-breaking yearly revenue, PPV viewership
    • Check all news and articles from the latest Cricket updates.
    Denial of responsibility! SportDaily24 is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email: [email protected] The content will be deleted within 24 hours.
    RECOMMENDED
    financials: ppv record-breaking revenue viewership WWE yearly
    Previous ArticleChelsea co-owners Todd Boehly and Behdad Eghbali watch Chelsea stars get put through their paces in training
    Next Article Double F1 race winner Jean-Pierre Jabouille passes away aged 80

    Related Posts

    WWE

    John Cena, The Rock reply to Dolph Ziggler's WWE launch

    September 22, 2023
    WWE

    Ma.çé & Mån.sôör ‘Shoot’ On LA Knight & Maxxine Dupri On Twitch

    September 22, 2023
    WWE

    WWE Content material Seemingly Set To Expire From Hulu Subsequent Week

    September 22, 2023
    WWE

    Tiffany Stratton on Jade Cargill-WWE rumors: 'Deliver her on in'

    September 21, 2023
    Advertisement
    Lastest Posts

    What channel is Mets vs. Phillies on tonight? Time, TV schedule, stay stream for MLB Friday Night time Baseball sport

    September 22, 2023

    James Maddison seeking to present Arsenal what they’re lacking in north London derby after being ignored for Martin Odegaard

    September 22, 2023

    Can we please cease performing just like the Blazers owe Damian Lillard the world?

    September 22, 2023

    2023-24 NHL Season Preview: Montreal Canadiens

    September 22, 2023
    About Us
    About Us

    The Latest Sports News US, videos, scores and more on the biggest sports, including NFL, NBA, MLB, NCAA, Soccer, Boxing, Golf, Tennis and more Sporting News.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Our Picks

    MLB DFS Lineup Picks 5/29: Best values, sleepers for Monday’s DraftKings & FanDuel contests

    May 29, 2023

    Heat vs. Celtics odds, prediction: 2023 NBA Eastern Conference finals picks, Game 7 bets by proven model

    May 29, 2023

    Celtics vs. Heat prediction, odds: 2023 NBA Eastern Conference finals picks, Game 6 best bets by proven model

    May 28, 2023
    PARTNERS
    • Celebrities News
    • Kpop News
    • Business News
    • Game News
    • African Entertainment
    • Temporary Email
    Facebook Twitter Tumblr
    • Home
    • About
    • Privacy Policy
    © 2023 SportDaily24.

    Type above and press Enter to search. Press Esc to cancel.