WWE reported annual revenues of $1.398 billion, slightly lower than UFC. Q4 revenues declined from $331.2 million to $298.3 million due to expiring media rights. Viewership on Netflix is up by 13%, and WWE plans three events in Saudi Arabia in 2026, including the Royal Rumble. TKO achieved $100 million in savings through departmental integration.
Following the recent release of TKO’s Q4 and full-year 2024 earnings report, WWE executives, including President Nick Khan, participated in a media conference call to discuss the company’s financial performance. WWE generated annual revenues amounting to $1.398 billion, although closely trailing behind UFC, which reported $1.406 billion. The fourth quarter, however, yielded $298.3 million in revenue, a decline of $32.9 million year-over-year, primarily attributed to reduced media rights fees due to the expiration of WWE Raw’s contract with NBCUniversal in September.
In summary, WWE continues to showcase robust revenue generation, despite recent setbacks in quarterly earnings. With planned events in Saudi Arabia and growth in viewership through platforms like Netflix, the company remains optimistic about its future. The integration of WWE and UFC operationally aims for significant savings while expanding the audience reach through strategic partnerships and programming enhancements.
Original Source: ewrestling.com
