WWE Q1 2020 Reax

Read on for my thoughts on yesterday's WWE financial news.
WWE released its Q1 2020 earnings:
- Wowwww those TV deals are massive.

- Impressive digital video numbers, but that's not doing much for their bottom line.

- I'd think WrestleMania being two nights helped the social aspect.

- So much for those reports of this earnings release worrying investors.

- WHOA. Notable losses in live events and merchandise sales.

- I can see why they cut corporate expenses.

- Ah yeah, Super Showdown skewed things. I can only imagine how much worse live events would be without factoring that show in. It might be time to rethink untelevised events altogether.

- Glad to see a sponsorship increase.

- WWE Network is struggling and it's probably worth considering eventually transitioning away from it altogether.

- Media rights are really carrying the company.

Vince McMahon led a conference call, covered here:
- Oh cool. More mini-movies coming.

- I'm not feeling the Network optimism.

- Umm aren't all shows down during COVID-19?

- I mean yeah they are feeling the effects of years of not developing new characters.

- I would say they'll be hurt by not having another Saudi show in 2020, but those massive TV deals override everything.

- They're well connected in Florida; they'll be able to run shows as long as they want to!

- Obviously live event business was struggling before COVID.

- Hahahahahaha that line about men in their underwear. Classic Vince.

- WWE's going to have some interesting challenges on the live event end.

- Oh wow. No 2K game. That will also change some things for them.

More wrestling coming up.