The WWE, which is a global public trading company, reportedly saw its stock increase more than 50% in 2022, hitting a 52-week high and the promotion is trading at levels it hasn’t seen since summer 2019, while the S&P 500 has decreased more than 20% this year. The WWE’s stock increased once the company’s live events returned following months of COVID restrictions and talks of a potential sale for the WWE has increased.
The WWE’s stock would also increase following the resignation of WWE’s biggest shareholder and former WWE CEO Vince McMahon after his scandal was brought forward. Shares of the WWE were flat Monday after hitting a 52-week high of $76.90 and the WWE’s market capitalization is more than $5.6 billion. Vince McMahon remains the biggest stakeholder in the company, holding about 32% of shares.
WWE is believed to be a target for a potential sale and a deal could come prior to the company’s next USA Network renewal, most likely to be announced in mid-2023, while WWE’s current U.S. streaming deal with NBCUniversal’s Peacock expires in 2026. The WWE has had to deal with the recent controversies of former WWE Chairman and CEO Vince McMahon, where he paid nearly $15 million of hush money to women he had sexual relations with and $5 million to Donald Trump’s foundation and the WWE even noted that the hush money payments are under investigation by other entities.
Despite this, the WWE stayed in the family as Stephanie McMahon took over as chairwoman and co-CEO of the company, alongside Nick Khan. Paul “Triple H” Levesque then took over as WWE’s Head of Creative.