WWE release quarterly figures with Vince McMahon making hefty £47m in first part of 2021… just days after axing stars

THE WWE have released their financial figures for the first quarter of 2021 with the company pocketing £47million in profit.

WWE CEO and chairman Vince McMahon has spoken of his delight at being able to grow his brand amid the ongoing coronavirus pandemic.

The news of the company's finances comes just a week after WWE axed nine of their stars, including Samoa Joe, Mickie James and Billie Kay due to budget cuts.

In figures released by Fightful, WWE's operating income was £47m – an increase of 22 per cent from last year, which equates to a whopping more £8.5m.

The total operating figure was £189m, which was a decrease of nine per cent (£19.8m) from this time in 2020.

WWE have claimed that drop is due to the absence of live ticketed events.

Speaking of the financial report, McMahon said: "During the first quarter, we continued to effectively execute our strategy, demonstrating our ability to adapt to a challenging live event environment and to expand the reach and monetisation of our content in a changing media landscape.

"The launch of WWE Network on NBCU’s streaming service, Peacock, the multi-year extension to distribute NXT on USA Network and the successful staging of WrestleMania illustrate the enduring and increasing value of the WWE brand as the foundation for long-term growth."

Twitter users were disappointed to see that the WWE was making profit despite terminating the contract of fan favourites.

One posted: "WWE made 65 million dollars in a quarter yet still released people."

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Another remarked: "And they still had the decency to release talent."

A third added: "And WWE talking about BUDGET CUTS?!?!? Kiss my a** for how they lied."

Meanwhile one disgruntled supporter said: "Rubbing it in after firing a bunch of talent that didn't need firing. Budget cuts btw."

Another simply stated: "Yet we had 'Budget Cuts' last week."

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