WWE’s Q1 Media Revenue Soars, Lower For Live Events Due To No In-Arena Audiences

WWE Entertainment reported that COVID-19 had little to no effect on its first-quarter business activity, with revenues growing 60% to $291 million. Operating income soared as well -- to $53. 3 million, versus a $6. 8 million net loss in the first quarter of 2019. All this had a major effect on WWE stock on Friday, closing up a massive 15% to $44. 79.

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