Despite the prevalent Covid-19 pandemic, World Wrestling Entertainment (WWE) has posted record-level revenue for 2020.
WWE reported $974.2m in full-year 2020 revenue and this was despite of 26% drop in 4th Quarter revenues due to the loss of a large-scale event in Saudi Arabia.
WWE said it continued its events and production which resulted in the development.
Operating income for all of 2020 rose 79 per cent to $208.6m, boosted by increases in content rights fees, while operating income for the fourth quarter fell 64 per cent to $63.6m.
“As you can see, we’re generating some pretty strong financial results in a very challenging environment,” said Vince McMahon, WWE chairman and chief executive.
“We continue to produce content. We never missed a week in terms of producing content. It shows the flexibility and our commitment to our audience, which we will always have,” he added.