mobanmarketAs noted, Vince McMahon and other WWE Executives, including Paul “Triple H” Levesque, participated in a media conference call yesterday to discuss the 2017 financial results, a look at 2018, the signing of Ronda Rousey and more. The following are several more highlights from the call, reported by Wrestling Observer Live.
-Longtime Executives George Barrios and Michelle Wilson, who were both present on yesterday’s call, have been promoted to co-Presidents of WWE. Vince McMahon will remain the company’s CEO despite the upcoming relaunch of the XFL.
Read Also: Ronda Rousey Deal Not Yet Finalized?, Triple H Comments On Rousey’s Role and Her Future
-WWE reported $211 million in revenue in the fourth quarter of 2017, which is the most the company has ever seen in fourth quarter history. Despite the big number, however, overall fourth-quarter profits were down, at $4.8 million, due to taxes being paid in the quarter.
-The company produced $801 million in revenue, with $32.6 million of that number being direct profits, down slightly from the previous year.
In somewhat related news, according to CNN Money, WWE is currently worth nearly $3 billion. Sales swelled 11% in 2016 and grew another 10% last year. The stock has raced out of the gate this year, jumping 12%. Last year, the stock climbed 66%.
CNN Money, Wrestling Observer Live