The WWE has recorded massive company growth in their Q4 company report including a 12% growth in revenue that has seen WWE revenue reach a record breaking $1.095 billion – the highest in the company’s 42 year history.
The WWE quarterly earnings report always make for interesting reading for fans, regardless of their level of understanding of the finer details, it is always interesting to see how the WWE has faired in a time many would consider a challenging period for the WWE – in regards to declining ratings and increasing fan frustration.
However based on the Q4 2021 earnings report CEO Vince McMahon and the whole team behind the WWE have little to worry about at current – as rumours around the WWE’s future and potential sale increase, the company has never been a more attractive asset.
Outside of the record breaking revenue growth, WWE has seen its total liabilities drop from 100.4m USD in 2020 to 0.4m USD by the end of 2021, most likely attributable to the controversial release and talent thinning the WWE has gone through over the past two years with the likes of Bray Wyatt and Braun Strowman released from inflated monster contracts.
As stated on WWE’s Q4 earning report:
“Revenue increased 12% to $1.095 billion, the highest in the Company’s history.”
WWE’s operating income also increased an impressive 130% totalling a staggering 83.6m USD by Q4 2021.
“Operating income increased 131% to $83.6 million.”
The full list of WWE’s identified key information and quarter highlights can be found below.
WWE Fourth Quarter 2021 Highlights
- Revenue increased 30% to $310.3 million
- Operating income increased 131% to $83.6 million
- Adjusted OIBDA1 increased 90% to $97.2 million
- Returned capital to shareholders totalling $59.0 million, including share repurchases and dividends paid
WWE Full Year 2021 Highlights
- Revenue increased 12% to $1.095 billion, the highest in the Company’s history
- Operating income increased 24% to $259.0 million
- Adjusted OIBDA1 increased 14% to a record $327.1 million
- Launched WWE Network content on Peacock, NBCU’s streaming service in the U.S., providing a larger audience and increasing viewership for WWE’s premium live shows, original series, and vast library
- Announced a new strategy for premium live events, which focuses on staging these events in stadiums rather than arenas, and utilizes targeted dates to maximize WWE’s live audience potential
- Completed consumer product deals including partnerships with Blockchain Creative Labs (Fox) to launch an NFT marketplace and with Panini to be the exclusive provider of WWE trading cards
- Created the Next in Line program to recruit the next generation of WWE Superstars, which was initiated with 16 collegiate athletes, including Olympic gold medalist Gable Steveson
- Returned capital to shareholders totalling $202.0 million, including share repurchases and dividends paid
Vince McMahon had the following to say on WWE’s Q4:
“In 2021, we reached a significant milestone of over $1 billion in revenue, for the first time in the Company’s history. We ended the year with strong performance across each of our business lines that reflected the engagement of a wider audience with distribution on new digital platforms, including Peacock, and the return of fans at our live events, we expect the execution of key initiatives in the coming year, such as the licensing of network content in international markets, monetization of new original series, and the continued shift to a stadium strategy for WWE’s premium live events, will further expand the reach of our brands and enhance the value of our content.”
Inside The Ropes will continue to provide data from the WWE earnings reports as it becomes available.