WWE Stock Price Reaches Three-Year High

WWE business is booming these days with no signs of slowing down and the improved product on screen has led to an increase in the company’s stock price as well.

There was some good news for WWE from the stock market perspective because the stock price closed at $75.71 on Friday, October 14th, which is the highest it has been in the last three years.

The year 2022 has been full of changes in WWE. When former WWE Chairman & CEO Vince McMahon retired on July 22nd it sent shockwaves around the wrestling world because nobody really knew when Vince might stop being the guy in charge of WWE. Vince retired a month before his 77th birthday amid reports that he did hush money payments to women he had affairs with and tried to keep it quiet until the Wall Street Journal made it public a few weeks before his retirement. The good thing for the company is that while Vince was running WWE for the last four years, he was also training his replacements.

Stephanie McMahon-Levesque worked closely under her father in many different roles, so having her take over as Chairwoman made a lot of sense. Stephanie is also the Co-CEO along with Nick Khan, who was previously the WWE President. In addition to that, Paul “Triple H” Levesque took over as the Head of WWE Creative with the official job title of Chief Content Officer. Triple H learned on the job under Vince for the past decade while also running the successful NXT brand.

From an on-screen standpoint, there has been a lot of excitement in the company with Bray Wyatt returning at the Extreme Rules Premium Live Event last Saturday, October 8th. The previous PLE event was a massive show on September 4th called Clash at the Castle in front of 60,000+ fans in Cardiff, Wales.

There have also been multiple reports that USA Network (which airs Raw on Mondays and NXT on Tuesdays) is very pleased by WWE’s changes. The ratings for NXT have gone up recently with the change to the black/white/gold color scheme while Raw continues to do well even though it’s head-to-head against NFL games on Monday nights.

The next major WWE Premium Live Event is Crown Jewel from Riyadh, Saudi Arabia on November 5th with Roman Reigns set to defend the Undisputed WWE Universal Championship against Logan Paul, who has only wrestled twice in a WWE ring.