It would not be unreasonable to say that business has been excellent for WWE in recent times.
The company enjoyed an outstanding first quarter of the year, with the recent Q1 financial report revealing that live event revenue was up a whopping 41 percent on prior year. Those impressive results came despite the company running three fewer events than in the same period the in 2022 with average attendances up by over 2,000 fans per show to 7,800. Live event revenue rolled in at $32.6 million for the quarter, an increase of nearly $10 million on prior year.
The excellent financial year looks set to continue, not only in the US, but overseas too with the recent Backlash event held in Puerto Rico and a hotly anticipated return to the o2 Arena for London’s first Premium Live Event in over 20 years as Money In The Bank comes to the UK.
A recent report has suggested that the most recent edition of WWE SmackDown has added to the list of good news for the company.
Recent Episode Of SmackDown Sets New Record
According to a report from Fightful Select, last Friday night’s episode of WWE SmackDown, held in Knoxville, Tennessee, smashed the company record for highest grossing event in that market area.
The show was also a critical success, with the continuation of The Bloodline storyline including an appearance from Undisputed WWE Universal Champion Roman Reigns as he announced that he and Solo Sikoa would challenge Kevin Owens and Sami Zayn for their Undisputed WWE Tag Team Championships at the upcoming Night Of Champions event.
AJ Styles would also win through a triple threat match with Edge and Rey Mysterio before defeating Bobby Lashley in the semi-finals of the tournament to crown the new WWE World Heavyweight Champion. He will now face Seth Rollins for the gold at Night Of Champions, to be held in Saudi Arabia on Saturday 27th May.