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AXIOS PRAISES WWE FOR BUCKING STOCK TRENDS, NAMES COMPANY 'MEDIA WINNER' OF THE YEAR

By Mike Johnson on 2022-12-06 13:04:00

News organization Axios named World Wrestling Entertainment their "Media Winner" of 2022 today for bucking the stock market's trends, noting that "Nearly every major publicly traded entertainment company has seen its stock plummet this year, except World Wrestling Entertainment."

Axios noted the company now has a market capitalization of nearly $6 billion, which is well up from just under the $4 billion WWE was rounding when they signed their Peacock deal last year.

The article noted that the company's current TV deals for Raw and Smackdown will expire in 2024 with Comcast and FOX respectively, while the Peacock deal for WWE live events and WWE Network content runs through 2026.

 

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