WWE reports record-setting $960.4 million in revenue, reveals chairman Vince McMahon

WWE recently held a press conference where chairman Vince McMahon and officials anunced 2019 revenue of company. Vince McMahon said that company reported a record-setting $960.4 million in revenue for 2019 as part of its 2019 fourth-quarter. According to WWE’s official website, fourth quarter of 2019 saw an 18% increase compared to fourth quarter of 2018. 

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Vince McMahon reveals why WWE saw an increase in ir revenue

Vince McMahon said that reason behind record-setting revenue is its expansion. WWE live programmes gar many diverse audiences across platforms and formats. Dealing with or countries and attracting people throughout world is also essential. Vince McMahon said that increase in WWE network subscription and overseas events have also helped company a lot.

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Vince McMahon talks about departure of George Barrios and Michelle Wilson

After event, Vince McMahon talked about departure of former co-presidents George Barrios and Michelle Wilson. He thanked former officials for ir contributions. Vince McMahon said that he is thankful for everything two did for company. He said that he was grateful to work with m.

"I am grateful for all that was accomplished during ir tenure, but Board and I decided a change was necessary as we have different views on how best to achieve our strategic priorities moving forward,” said Vince McMahon.

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According to company, duo who served company for almost ten years is longer a part of WWE Board of Directors. WWE recently released a press release which revealed that Frank A. Riddick III will work as interim Chief Financial Officer. release also stated that company is searching for a permanent CFO and a Chief Revenue Officer. Riddick will report directly to WWE Chairman and CEO Vince McMahon.

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