WWE have yet again suffered a drop in share price in the wake of last week's bombshell announcement of co-presidents George Barrios and Michelle Wilson leaving the company after a decade each in the role.
Stock closed on February 3rd at $46.08 per share after opening at $48.88, with WWE preparing to answer questions on this, the Barrios and Wilson departures and everything else during their fourth quarter/year-end earnings report and investor's call on Thursday.
The pair's exit was referred to as a "management transition" in the original WWE statement, but the effects were immediate. WWE's stock dropped 21.57% within 24 hours, with Bloomberg reporting that the company's market value dropped by $1billion in the process.
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The company being required to comment so soon on such major moves should make for interesting reading. The always excellent Brandon Thurston noted last year that WWE was about to make less that 50% of all income directly from consumers for the first time in its existence. The metrics of accountability were changing, but said Q&A this week will put welcome pressure back into the lap of Vince McMahon.
More on this as it develops. In light of the aforementioned investor's call and Saturday's XFL rebirth, that's likely to be quite soon.
Michael is a writer, editor, podcaster and presenter for WhatCulture Wrestling, and has been with the organisation over 8 years. He primarily produces written, audio and video content on WWE and AEW, but also provides knowledge and insights on all aspects of the wrestling industry thanks to a passion for it dating back over 35 years. As one third of "The Dadley Boyz" Michael has contributed to the huge rise in popularity of the WhatCulture Wrestling Podcast and its accompanying YouTube channel, earning it top spot in the UK's wrestling podcast charts with well over 62,000,000 total downloads. Within the podcasting space, he also co-hosts Benno & Hamflett, In Your House! and Podcast Horseman: The BoJack Horseman Podcast. He has been featured as a wrestling analyst for the Tampa Bay Times, Fightful, POST Wrestling, GRAPPL, GCP, Poisonrana and Sports Guys Talking Wrestling, and has covered milestone events in New York, Dallas, Las Vegas, Philadelphia, London and Cardiff. Michael's background in media stretches beyond wrestling coverage, with a degree in Journalism from the University Of Sunderland (2:1) and a series of published articles in sports, music and culture magazines The Crack, A Love Supreme and Pilot. When not offering his voice up for daily wrestling podcasts, he can be found losing it singing far too loud watching his favourite bands play live. Follow him on X/Twitter - @MichaelHamflett
