WWE reported first-quarter revenue of $263.5 million, down 9% from the year-ago quarter but ahead of Wall Street estimates as the company starts to wriggle out of Covid-19’s headlock.Earnings per share also more than doubled the consensus expectation from analysts, reaching 51 cents compared with 31 cents a year ago.The company’s signature live events have been all but eliminated during the pandemic, but they are slowly returning to the schedule as virus trends improve.
A major influx of revenue also came in during the quarter as the stand-alone WWE Network was absorbed into NBCUniversal streaming service, Peacock.The March 18 launch of WWE Network programming on Peacock was followed by the shift of NXT to Tuesday nights this month on
Read more on deadline.com
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