WWE has issued its second quarter of 2022 earnings report. The company has been able to gain $328.2 million in revenue for the quarter which is a 24% increase. The net income was $49.0 million which was an increase from $29.2 million in the second quarter of 2021.
- Revenue was $328.2 million, an increase of 24%; Operating Income was $69.3 million, an increase of 50%; and Adjusted OIBDA1 was $91.5 million, an increase of 34%
- Returned capital to shareholders totaling $19.1 million, including share repurchases and dividends paid
- Each WWE premium live event (WrestleMania, WrestleMania Backlash and Hell in a Cell) was the most viewed event in its history with year-over-year increases of 60%, 49% and 45%, respectively, in domestic unique viewership on Peacock
- WWE, in connection with Fox’s Blockchain Creative Labs, launched its inaugural NFT sale on Moonsault, the Company’s official NFT marketplace. The limited-edition collection, which was tied to the Hell in a Cell event, sold out within 24 hours
- WWE announced its second “Next In Line” class of 15 college athletes, further enhancing the Company’s talent development program
- In July, WWE launched a new, enhanced digital platform for e-commerce and licensed merchandise in connection with its long-term partnership with Fanatics
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