WWE is an American professional wrestling promotion. It is majorly known for Pro Wrestling. WWE has also breached out into other fields, including Film, American Football, and various other business ventures. WWE was founded in 1953. Some of the key people that run the whole organization are Vince McMahon (Executive Chairman), Nick Khan (CEO), Frank A. Riddick III (President and CFO), and Paul “Triple H” Levesque (COO). WWE earns billions annually through its investments and sales. Rumors have been flying around recently that The Chairman of WWE has sold the company to Saudi Arabia’s Public Investment Fund. The rumor may or may not be true as the company has not given any official statement regarding the matter. Curious to know about the financial attributes of the company? Let’s read about WWE Net Worth in 2023 and Annual Income and learn about the company in detail.
WWE Net Worth 2023
World Wrestling Entertainment (WWE) has a net worth of $6.71 Billion as of now. The company has earned a whopping amount through its popularity across the globe, sales the company made throughout the year via selling merchandise, and other economic factors. In 2022, the company’s market capitalization was $4.89 billion. The rapid rise in numbers that happened this year is the result of the profit the company has earned by hosting hundreds of events across the globe. Also Read– FIFA Net Worth 2023, Annual Income, and World Cup Income
WWE Annual Income
WWE recently released a third-quarter list of revenue they made as of now. According to the list, WWE made an annual revenue of $304.6m, a year-on-year rise of 19% which is quite commendable. Revenue increased 19% to $304.6 million, primarily due to an increase in core content rights fees for the Company’s flagship programs, Raw and SmackDown, and the monetization of third-party original programming. To a lesser extent, higher consumer product licensing revenue and international ticket sales also contributed to the increase in revenue.
Premium live events hosted by WWE such as Money in the Bank, SummerSlam, and Extreme Rules was the most viewed event in their history with a year-over-year increase of 17%, 20%, and 36% respectively. The increase in viewership financially helped the company.
WWE announced a multi-year agreement with its long-standing partner, the Foxtel Group. the company signed the agreement to expand the distribution of the Company’s content in Australia. The Company also returned $9.1 million of capital to shareholders through dividends paid.
Sales of Merchandise across the globe have always been the key source of income which results in the rise of revenue for the company. In the past, Stars like Roman Reigns, Alexa Bliss, John Cena, Stone Cold Steve Austin, and New Day were the main people whose merchandise was getting sold in astounding numbers. This year, we saw a major change in the scenery as WWE Superstar Bray Wyatt surpassed Roman Reigns and The bloodline to become the 1 Merchandise Seller of WWE. The Eater Of Worlds helped the company make millions through the sale of his merchandise products.
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