WWE 2019 financial results Reax

Read on for my thoughts on WWE's 2019 financial results.
WWE released their 2019 financial results in full detail:
- As expected, the new TV deals kicking in was a huge revenue driver, breaking records.

- I honestly question how much those digital views matter. Certainly nowhere near as much as the TV views.

- Wow yeah they already cut back notably on live events in 2019. 2020 will be very interesting with fewer shows.

- WHOA. Live events and consumer products took a hit. That's something that really needs to drastically addressed, which it looks like is happening.

- Phewwww the Network's struggling when it should be expanding. It's clear WWE as a whole has reached an oversaturation point where fans don't feel as big of a need to go to live events or watch the Network.

- It's notable that as panned as WWE 2K20 was, it didn't drag revenue down too much.

- Having that TV rights money will really help with constructing that new HQ building.

- Those big TV deals REALLY saved them from a decline in revenue due to other factors.

- Notably there was no mention of WWE Network getting another tier.

WWE had a conference call after the results were released, covered here:
- Yes not hitting those international deals hurt the 2019 bottom line.

- I'm very curious what Barrios and Wilson do next. I wouldn't expect them to go to another wrestling company or anything, though.

- I'm quite interested in what's next for the Network. It has not been the success it was projected to be.

- The Network change is a really intriguing idea. I'm glad they're thinking big.

- Moving WWE's content to another streaming provider would be a big shift.

- I can't help but wonder if the tiered Network idea has been abandoned.

- Haha the Network must not be doing well if they're not commenting on its profit.

- Yeah the international TV deals must not have been great boosts, either.

- LISTEN HERE PAL BILLIONAIRE TONY ISN'T AFFECTING WWE AT ALL DAMN IT. I don't buy it. Having a prominent new competitor is always going to shift things.

- WWE doesn't seem to be looking to buy other companies and incorporate them at this point.

WWE stock closed down more than nine percent after the financial release, following the previous drop from the departures of the co-presidents.

More wrestling coming up.