• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
WWE Starts Post-Vince McMahon Era With Strong Q2 Numbers; Co-CEO Stephanie McMahon Lauds Father As “True Founder And Entrepreneur”

WWE Starts Post-Vince McMahon Era With Strong Q2 Numbers; Co-CEO Stephanie McMahon Lauds Father As “True Founder And Entrepreneur”

August 16, 2022
George Santos Stepping Down From His Committees: Reports

George Santos Stepping Down From His Committees: Reports

January 31, 2023
D.C. Employee to Face Murder Charge in Shooting of 13-Year-Old

D.C. Employee to Face Murder Charge in Shooting of 13-Year-Old

January 31, 2023
Man Who Drove Family Off Cliff in Tesla Is Charged With Attempted Murder

Man Who Drove Family Off Cliff in Tesla Is Charged With Attempted Murder

January 31, 2023
Pope Francis Lands in Congo, Where All His Priorities Converge

Pope Francis Lands in Congo, Where All His Priorities Converge

January 31, 2023
University professor says government owes $14 trillion in reparations, but warns it could cause inflation if not paid properly

University professor says government owes $14 trillion in reparations, but warns it could cause inflation if not paid properly

January 31, 2023
Blinken Meets With Palestinian Leader After Surge in Violence

Blinken Meets With Palestinian Leader After Surge in Violence

January 31, 2023
Julia Fox defends tiny NYC apartment: I don’t want my son to be a ‘pr–k’

Julia Fox defends tiny NYC apartment: I don’t want my son to be a ‘pr–k’

January 31, 2023
Nexus raises $10M for white label Support-a-Creator Programs

Nexus raises $10M for white label Support-a-Creator Programs

January 31, 2023
Saint Hoax Will Live-Meme Spotify’s 2023 Best New Artist Party

Saint Hoax Will Live-Meme Spotify’s 2023 Best New Artist Party

January 31, 2023
Biden Demands Details on Budget Cuts From McCarthy

Biden Demands Details on Budget Cuts From McCarthy

January 31, 2023
French Senate backs AI-powered video surveillance for Paris 2024 Olympics

French Senate backs AI-powered video surveillance for Paris 2024 Olympics

January 31, 2023
Santos forgoes his committees as House GOP struggles to boot Omar

Santos forgoes his committees as House GOP struggles to boot Omar

January 31, 2023
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News

WWE Starts Post-Vince McMahon Era With Strong Q2 Numbers; Co-CEO Stephanie McMahon Lauds Father As “True Founder And Entrepreneur”

August 16, 2022
in News
WWE Starts Post-Vince McMahon Era With Strong Q2 Numbers; Co-CEO Stephanie McMahon Lauds Father As “True Founder And Entrepreneur”
509
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Stephanie McMahon, the daughter of former WWE founder Vince McMahon and now the company’s Co-CEO, began the company’s second-quarter earnings call with a tribute to her father as a “true founder and entrepreneur.”

Earlier this summer, Stephanie McMahon and Nick Khan were named Co-CEOs of the company as a board-initiated investigation into Vince McMahon’s conduct began. After the probe verified claims from numerous women of sexual harassment, retaliation and payoffs, McMahon resigned in July.

McMahon and his wife, Linda “poured their heart and soul into building this business and taking WWE from a regional wrestling promotion in the 1980s to the global entertainment enterprise we are today,” Stephanie McMahon said. “He built the foundation we stand on and prepared us for the future.”

Prior to the call, WWE reported strong results for the quarter, which had to be restated due to $14.6 million in “unrecorded payments” made by Vince McMahon to several women. Stephanie McMahon noted that her father remains “very much the controlling shareholder” of the company, and will therefore have a strong say in the direction of things from here.

Net income rose to $49 million, or 58 cents a share, from $29.2 million, or 34 cents a share in the year-ago quarter. Revenue grew to $328.2 million from $265.6 million in the year-ago period.

Frank Riddick, the company’s chief financial and administrative officer, said $1.7 million in costs were incurred in the quarter due to the probe of the former CEO. Vince McMahon has indicated he will pay for those costs, Riddick noted, thought the company also expects to see additional financial expenses related to the investigation.

Vince McMahon took over WWE from his father in the early 1980s and turned it into a global media empire with lucrative partnerships with NBCUniversal and Fox in the U.S., and deals for streaming and other media rights in 180 countries around the world. Last year, it inked a billion-dollar agreement to have its streaming network absorbed into NBCU’s Peacock.

The post WWE Starts Post-Vince McMahon Era With Strong Q2 Numbers; Co-CEO Stephanie McMahon Lauds Father As “True Founder And Entrepreneur” appeared first on Deadline.

Tags: Second Quarter EarningsVince McmahonWWE
Share204Tweet127Share

Trending Posts

A Key Measure of Wages Showed Moderation at the End of 2022

A Key Measure of Wages Showed Moderation at the End of 2022

January 31, 2023
Xbox, Nintendo, and Sony reportedly skipping E3 2023

Xbox, Nintendo, and Sony reportedly skipping E3 2023

January 31, 2023
Dharmesh Patel’s wife said he ‘intentionally tried to kill’ family by driving Telsa off cliff

Dharmesh Patel’s wife said he ‘intentionally tried to kill’ family by driving Telsa off cliff

January 31, 2023
Jenna Bush Hager & UIS To Adapt Jessica George Debut ‘Maame’ For TV

Jenna Bush Hager & UIS To Adapt Jessica George Debut ‘Maame’ For TV

January 31, 2023
J. Kenji López-Alt Thinks You’ll Be Fine With an Induction Stove

J. Kenji López-Alt Thinks You’ll Be Fine With an Induction Stove

January 31, 2023

Copyright © 2023.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2023.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT