WWE revenue jumps to a new record of 27%

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WWE reported a 27% increase in first-quarter revenue to $33.4 million, a quarterly record for the entertainment company.

Net income reached $66.1 million, up from $43.8 million the year prior.

Operating income rose 42% to $92.4 million during the first three months of the year, when WWE landed a number of deals.

The company expanded its original programming deal with A&E, which includes more than 130 “new hours of WWE-themed series and specials.”

WWE announced a new broadcasting deal with MBC Group to air live events, live episodes of “Raw” and “Smackdown,” and additional WWE content.

It also struck a deal with Fanatics — which has a $27 billion valuation — for NFT trading cards, e-commerce, and licensed merchandise.

WWE 2K22, the company’s flagship video game, also made its debut during the quarter.

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