WWE/Vince McMahon Conference Call
Good Karma Wrestling
English - February 06, 2020 17:27 - 50 minutes - 26 MB - ★★★★★ - 21 ratingsSports Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Prior to their investors' call Thursday morning, WWE released their 2019 Q4 numbers, showing 18% revenue growth to $322.8 million, good for their highest quarterly revenue in company history.
The reason for the increase was revenue from their new TV deals, offsetting lower revenue from their live events. Quarterly net revenue in Media increased to $264.6 million, up from Q3's $205.3 million. Year over year, Media net revenue increased to $743.1 million, up from 2018's $683.4 million.
Despite the increase, Wall Street didn't respond favorably as the stock was trading at $42.34 as of this writing, down $6.62 from Wednesday.