vince-mcmahon

You see the image above? That’s Vince McMahon with a bunch of money. Remember when everyone was starting to fear that the WWE was losing a lot of money in the WWE Network and the company may be headed for darker days? Well according to their quarterly earnings report, everything is looking like a Vince McMahon strut these days. The company posted their highest quarterly revenue in history. That’s history – with an H, but just one to not piss off Triple H.

The skinny:

Revenues increased 40% to $176.2 million, the highest quarterly revenue in WWE history. WWE reported Net income of $9.8 million, or $0.13 per share, compared to a Net loss of $8.0 million, or $0.11 per share, in the first quarter last year. Which means, they made $10 MILLION outside of their usual spending for set designs and more (only going hard for WrestleMania). Tell the people they need to keep booing Roman Reigns, Vince!

“During the quarter, we generated record quarterly revenue and strong earnings growth, reflecting our strategy to realize greater value from our content across multiple platforms,” said WWE Chairman & CEO Vince McMahon. “We believe that we are on a path to significant growth as we continue to expand WWE Network and innovate faster than ever.”

So, what exactly does this mean for the future with WWE? Who’s exactly to say. All we know is that the fans apparently still tune into a hell of a lot of Kane main-events and enjoy Seth Rollins ascent to being WWE Champion. Oh, and shiny Samoan Princes, can’t forget them. Plus, when you get over 250,000 PPV buys of WrestleMania 31 even though it was available on your network for $9.99, you’re taking in free money anyway.