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January 9, 2023

WWE gains another 6% as it reports record WrestleMania gate

World Wrestling Entertainment is 6% higher, driving into its sale-chatter rally from the end of last week and pacing toward its fifth straight session gain, as it reports record gate revenue for its WrestleMania almost three months prior to it taking place.

WrestleMania 39 - what the company is calling WrestleMania Goes Hollywood, based in its Los Angeles setting - has surpassed its previous record of $17.3M for 2016's WrestleMania 32. Tickets are still on sale.

The event is set for Saturday and Sunday, April 1-2, and WWE has yet to announce which matches will take place there. It will stream exclusively on Peacock in the United States and on WWE Network elsewhere.

WWE stock (WWE) is now up 30% over its five straight winning sessions. It rose 17% Friday following news that former CEO Vince McMahon is hoping to return to the company's board and plot a sale of the company.


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