WWE Announces Q4 And Record Full Year Financials

During a global pandemic that saw 100s lose their jobs, WWE has managed to turn record revenue.

Vince McMahon Money
WWE.com

WWE has today announced its Q4 and Full Year 2020 financial results – and Vince McMahon’s sports entertainment behemoth has achieved record results for last year.

The Q4 revenue numbers actually suffered a 26% drop down to $238.2 million revenue – with the absence of Saudi Arabia shows and the lack of ticket sales cited as the reason for this – but the overall Full Year revenue number stands at a mammoth $974.2 million. That Full Year figure marks a 1% increase on 2019’s $960.4 million annual revenue.

Patting himself on the back at how WWE has continued to produce live content through the ongoing global pandemic, Vince McMahon enthused:

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“During the fourth quarter, we continued to produce live content in new ways, which successfully increased audience interaction and engagement. As we continued to adapt our business to the change media environment, we completed an important agreement to license WWE Network content to Peacock, which we expect will expand the reach of our brands and enhance the value of our content.”

In amongst WWE revelling in its Scrooge McDuck levels of cash, one other interesting note from this is that WWE officials stated that they expect the current COVID-19-related restrictions in place on the company to carry on through until at least the first half of 2021.

The previous belief was that April’s WrestleMania 37 could serve as a soft relaunch of WWE’s live touring schedule – at least for TV tapings – but that remains to be seen.

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Elsewhere, WWE Network saw a 6% increase in paid subscribers over Q4, with the current number of paid users at the 1.5 million mark. The company also detailed how digital video views experienced a 10% increase that saw 38 billion views and 1.4 billion hours of content consumed.

WWE will be partaking in a full investors call later today.

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Senior Writer
Senior Writer

Once described as the Swiss Army Knife of WhatCulture, Andrew can usually be found writing, editing, or presenting on a wide range of topics. As a lifelong wrestling fan, horror obsessive, and comic book nerd, he's been covering those topics professionally as far back as 2010. In addition to his current WhatCulture role of Senior Content Producer, Andrew previously spent nearly a decade as Online Editor and Lead Writer for the world's longest-running genre publication, Starburst Magazine, and his work has also been featured on BBC, TechRadar, Tom's Guide, WhatToWatch, Sportkskeeda, and various other outlets, in addition to being a Rotten Tomatoes-approved film critic. Between his main dayjob, his role as the lead panel host of Wales Comic Con, and his gig as a pre-match host for Wrexham AFC games, Andrew has also carried out a hugely varied amount of interviews, from the likes of Robert Englund, Kane Hodder, Adrienne Barbeau, Rob Zombie, Katharine Isabelle, Leigh Whannell, Bruce Campbell, and Tony Todd, to Kevin Smith, Ron Perlman, Elijah Wood, Giancarlo Esposito, Simon Pegg, Charlie Cox, the Russo Brothers, and Brian Blessed, to Kevin Conroy, Paul Dini, Tara Strong, Will Friedle, Burt Ward, Andrea Romano, Frank Miller, and Rob Liefeld, to Bret Hart, Sting, Mick Foley, Ricky Starks, Jamie Hayer, Britt Baker, Eric Bischoff, and William Regal, to Mickey Thomas, Joey Jones, Phil Parkinson, Brian Flynn, Denis Smith, Gary Bennett, Karl Connolly, and Bryan Robson - and that's just the tip of an ever-expanding iceberg.