WWE has released their first quarter 2023 results.
WWE announced on the corporate part of their website a revenue of $297.6 million for the first quarter of 2023.
The company’s operating income was $53.1 million. North American Live Events ticket sales revenue increased 52% over the prior year period, which showed a 37% increase in average attendance.
The first quarter 2023 highlights from the press release is below:
First Quarter 2023 Highlights
- Revenue was $297.6 million; Operating income was $53.1 million; and Adjusted OIBDA1 was $84.2 million
- Returned $8.9 million of capital to shareholders through dividend payments
- Each WWE premium live event (Royal Rumble and Elimination Chamber) set domestic unique viewership records with year-over-year increases of 52% and 54%, respectively
- Viewership for WWE’s weekly flagship programs, Raw and SmackDown, both increased 7%, significantly outperforming overall cable and broadcast television, which declined 15% and 6%, respectively
- North American Live Events ticket sales revenue increased 52% over the prior year period, reflecting a 37% increase in average attendance
- In April, WWE announced an expansion of its partnership with Fanatics, with Fanatics assuming management of WWE’s on-site event merchandise business as of May 1, 2023
You can read the full press release with all the details at WWE’s Corporate part of their website.