Update On WWE Profits Stemming From New Television Deals

It won’t matter who WWE pushes on television from October 1st, 2019 to September 30th, 2024. WWE’s ratings can tank, their shows can receive poor reviews, and in the end, they will still hit record profits. This is all thanks to the new television contracts they signed with the USA Network and Fox.

In a press release from earlier this week, WWE revealed revenue generated from television contracts will more than double in the next 2 years.

As the deals won’t take effect until the fall of 2019, it will be a steady climb for the company. The value of their stock has jumped significantly recently with the news.

Expected WWE Television Revenue

The difference between this round of television contract negotiations and last is the boom in streaming services. Amazon, Facebook Live, and Netflix have entered the market in a big way, creating leverage for content producers like WWE. With more media outlets vying for live content, WWE was put in a far more advantageous position this time around.

As a result, WWE’s current television contract revenue is projected to increase drastically.

2017 – $217 million

2018:  $235 million

2019: $314 million (includes 3 months of new TV contracts)

2020: $435 million

2021: $462 million

2022: Past $470 million

Update On WWE Stock Price

A report from the Wrestling Observer Newsletter is indicating the company should achieve double record-profits next year and beyond that for the following years.

On June 26th, WWE stock closed at $70.86 per share. The company is now estimated at $5.467 billion.

Some are now saying Vince McMahon may have waited to sell his stock had he known the stock price would go up as much as it did. This is likely not the case, however. McMahon was under pressure to announce his XFL deal before Charlie Ebersol announced his. Had Vince McMahon waited to invest in his own company, he would have been behind Ebersol’s league in terms of negotiating with venues, players, and cities.

With that being said, however, McMahon sold his stock at less than $30 a share. Had he waited until now to sell his stock, he would have gotten 133% more for it in return.