TKO executives outlined WWE’s annual revenue of $1.398 billion despite a decline in Q4 earnings. WWE Raw’s viewership has increased on Netflix, and NXT is performing well on the CW Network. Plans for three events in Saudi Arabia in 2026, including the Royal Rumble, were confirmed, alongside substantial cost savings from departmental integration.
In a recent conference call regarding the release of TKO’s Q4 and full-year 2024 earnings report, WWE executives discussed significant business updates. WWE achieved annual revenues of $1.398 billion, slightly lagging behind UFC’s $1.406 billion. The fourth quarter revenue stood at $298.3 million, reflecting a decline of $32.9 million from the previous year, attributed mainly to decreased media rights fees due to the expiration of WWE Raw’s contract with NBCUniversal.
Mark Shapiro, TKO’s head, highlighted a 13% increase in WWE Raw’s viewership on Netflix when compared to the previous year on USA Network. Additionally, he noted a 12% boost for NXT’s audience on CW compared to its former platform. Nick Khan, WWE President, confirmed that Netflix has expressed interest in more WWE content, signaling upcoming programming developments.
Furthermore, TKO CFO Andrew Schleimer revealed plans for three WWE premium live events (PLEs) in Saudi Arabia in 2026, following one event scheduled for 2025. Among these, next year’s Royal Rumble has already been announced, with additional events anticipated in Australia over the next years. The integration of WWE and UFC departments has successfully led to $100 million in savings for the company.
In summary, WWE has reported significant revenue figures while acknowledging challenges in media rights impacting Q4 earnings. With increased viewership on streaming platforms and plans for substantial future events, the organization aims to enhance its global presence. TKO’s cost-saving measures further reflect its commitment to financial efficiency in an evolving market.
Original Source: ewrestling.com
