Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:07:55 GMT -5
Brandon Thurston:WWE reports $1.095 billion in revenue for full year 2021, its highest ever. Net income for the year is $180.4, also a new annual record for profitability, as expected, and blowing away analysts expectations.
I'm sure Nick is gloating hard that his direction is the most profitable ever so more firings coming tomorrow I'd assume.
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:09:36 GMT -5
Here's the link with more info.. corporate.wwe.com/news/company-news/2022/02-03-2022Full Year 2021 Highlights : Revenue increased 12% to $1.095 billion, the highest in the Company’s history Operating income increased 24% to $259.0 million Adjusted OIBDA1 increased 14% to a record $327.1 million Launched WWE Network content on Peacock, NBCU’s streaming service in the U.S., providing a larger audience and increasing viewership for WWE’s premium live shows, original series, and vast library Announced a new strategy for premium live events, which focuses on staging these events in stadiums rather than arenas, and utilizes targeted dates to maximize WWE’s live audience potential Completed consumer product deals including partnerships with Blockchain Creative Labs (Fox) to launch an NFT marketplace and with Panini to be the exclusive provider of WWE trading cards Created the Next in Line program to recruit the next generation of WWE Superstars, which was initiated with 16 collegiate athletes, including Olympic gold medalist Gable Steveson Returned capital to shareholders totaling $202.0 million, including share repurchases and dividends paid $1 billion in revenue for 2021. Full Year 2021 Highlights Revenue increased 12% to $1.095 billion, the highest in the Company’s history Operating income increased 24% to $259.0 million Adjusted OIBDA1 increased 14% to a record $327.1 million
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mrbananagrabber
King Koopa
Paul Heyman's unofficial joke writer
Posts: 11,802
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Post by mrbananagrabber on Feb 3, 2022 18:09:38 GMT -5
This company is f***ing bulletproof.
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Post by EoE: Well There's Your Problem on Feb 3, 2022 18:15:07 GMT -5
This company is f***ing bulletproof. Pretty much. What impetus do they have to change literally anything they’re doing at this point?
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Post by 06vwgti on Feb 3, 2022 18:15:53 GMT -5
More Saudi shows!
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Post by EoE: Well There's Your Problem on Feb 3, 2022 18:18:15 GMT -5
Twice as profitable now than they were when they were actually fully mainstream and critically beloved.
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Legion
Fry's dog Seymour
Amy Pond's #1 fan
Hail Hydra!
Posts: 22,782
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Post by Legion on Feb 3, 2022 18:18:16 GMT -5
And yet they just released Shane exactly at the moment they needed his theme song!
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:18:37 GMT -5
This company is f***ing bulletproof. Pretty much. What impetus do they have to change literally anything they’re doing at this point? It's mind numbing how they can put on a terrible product that is just boring as f*** all, lose ratings etc etc and still make more money. The pandemic though highlighted how completely inefficient their house show business was though. And now you see them changing to a less shows just bigger venues model after that.
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:19:20 GMT -5
Twice as profitable now than they were when they were actually fully mainstream and critically beloved. Twice as profitable as when everyone watched wrestling and the show was fun as hell...
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Feb 3, 2022 18:20:02 GMT -5
Oh yea more releases incoming now.
And a large reason for this though is still wrapped in their TV deal and USA and FOX are likely gonna toss another couple billion at them....and this is why they are near fail proof.
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:22:01 GMT -5
Oh yea more releases incoming now. When Nia Jaxx talked to Renee you could see her kinda hint around at what budget cuts means and it basically came off as "you're to expensive for your role" or "we can replace you with someone cheaper" Good examples are Omos is in Brauns role and Doudrop is in Nia's role and I'm gonna guess they make significantly less money.
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Post by Alexander The So-so on Feb 3, 2022 18:23:58 GMT -5
I’m too lazy to dig through the details now, but: where exactly is all that revenue coming from? The licensing deals with the networks? The Saudi payoffs? I just really want to make sure I understand how this company became literally too big to fail.
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Post by EoE: Well There's Your Problem on Feb 3, 2022 18:25:26 GMT -5
I’m too lazy to dig through the details now, but: where exactly is all that revenue coming from? The licensing deals with the networks? The Saudi payoffs? I just really want to make sure I understand how this company became literally too big to fail. TV and Saudi, mostly.
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:26:40 GMT -5
A bunch of stuff they pumped out..
Money In The Bank: 25% Higher (Main-event: Reigns vs. Edge)
SummerSlam: 30% Higher (Main-event: Reigns vs. Cena)
Extreme Rules: 20% Higher (Main-event: Reigns vs. Balor)
Saudi Event: 25% Higher (Main-event: Reigns vs. Lesnar)
Royal Rumble: 25% Higher (Main-event: The Men’s Royal Rumble Match)
"Day 1" PPV date selected with the idea it would attract holiday travelers. It was one of the highest 60% greater than any December PLE in WWE history.
Royal Rumble more than "44,000 in attendance". 2nd largest gate in Rumble history. 45% higher viewership on Peacock vs. 2020.
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thehottag
Don Corleone
We're here for one reason only: fame, fortune, & the World Wrestling Federation Tag Team Champions!
Posts: 1,668
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Post by thehottag on Feb 3, 2022 18:26:59 GMT -5
Net income for the year is $180.4 Nick Khan gloating that net income is a hundred & eighty dollars, forty cents?
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r.
Bill S. Preston, Esq.
Bye
Posts: 16,465
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Post by r. on Feb 3, 2022 18:29:36 GMT -5
Eventually, they'll run out of names to fire to bolster their "profit" claims.
At this point, WWE is the monorail salesmen from The Simpsons pitching how great their product is. Meanwhile, it actually looks more like North Haverbrook.
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cjh
Hank Scorpio
Posts: 6,585
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Post by cjh on Feb 3, 2022 18:30:24 GMT -5
I’m too lazy to dig through the details now, but: where exactly is all that revenue coming from? The licensing deals with the networks? The Saudi payoffs? I just really want to make sure I understand how this company became literally too big to fail. They make $265 million a year for Raw from USA. They make $205 million a year for SD from Fox. They make $100 million a year for 2 Saudi Arabia shows. They make $200 million a year from the deal with Peacock. That's $770 million before one ticket or piece of merchandise is sold.
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Post by DrBackflipsHoffman on Feb 3, 2022 18:30:38 GMT -5
glad these buttheads are getting conned into NFT. Hope they invest everything right before everything crashes and then Vince goes to prison.
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Mecca
Wade Wilson
Posts: 25,062
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Post by Mecca on Feb 3, 2022 18:34:21 GMT -5
If you hit Brandon Thurstons twitter he has all the highlights of the call, including WWE's view on the consolidation of gaming...and this GEM
Our POV on consolidation in gaming section. MSFT acquisition of Activision. TakeTwo acquired Zinga. Sony bought Bungie. Sector should end up with 4-5 player emerging, depending on IP. We believe consolidation trend will continue in 2022. Eyes on DirecTV, Dish, Nextstar.
Sports rights space talk. Streamers are spending on live sports. EPL-NBCU deal was largely a Peacock play. ViacomCBS shifting UEFA programming to Paramount+ and picking up Serie A.
Just a matter of time for Apple and Netflix to make moves, Nick says.
In sum with WWE focused on IP value and a market hungry for brands, we couldn't' be more optimistic to drive growth in 2022 and beyond.
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Post by This Player Hating Mothman on Feb 3, 2022 18:34:46 GMT -5
Pretty much. What impetus do they have to change literally anything they’re doing at this point? It's mind numbing how they can put on a terrible product that is just boring as f*** all, lose ratings etc etc and still make more money. The pandemic though highlighted how completely inefficient their house show business was though. And now you see them changing to a less shows just bigger venues model after that. WWE isn't a product being sold to consumers anymore, it's a product being sold to businesses. They produce television that's half-baked and often not very good to fulfill obligations to television networks who pay so they have something to put out there. They sell ad spots and sponsorships and segments to Netflix movies. The pursuit of new fans is over. Growth doesn't come from the audience, it comes from businesses who want a piece of what audience WWE still has left. The audience they have now? It's just about creating content to fill time and keep them there, hope they buy some merch. PPVs aren't shows they need to worry about for quality anymore, they've got years of guaranteed Peacock money. They can still post a record Summerslam weekend and such not because their audience is thriving and more engaged than ever, but because they cram in tons of stuff to monetize the people they have now, and the whales will do their part to keep it engaged. The important asterisk to all of this is that it's not guaranteed or eternal. WWE isn't bulletproof and there is a point where things fall off just that little bit too much for anything to keep helping. We're not there yet, but it's approaching. There was a graph Wrestlenomics put out months ago showing a breakdown year by year of how much of WWE's revenue came from its audience--ticket sales, PVP buys, merch, etc.--versus from other businesses, and there was a huge spike in recent years to 'other businesses'. WWE is staying afloat right now through aggressive licensing predicated on the idea they have an audience other people can sell to. The danger is in their audience loss outstripping the rising value of an audience. Once that happens, the house of cards falls apart.
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