via Getty
EAST RUTHERFORD, NJ – FEBRUARY 16: Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. (Photo by Michael N. Todaro/Getty Images)
via Getty
EAST RUTHERFORD, NJ – FEBRUARY 16: Vince McMahon attends a press conference to announce that WWE Wrestlemania 29 will be held at MetLife Stadium in 2013 at MetLife Stadium on February 16, 2012 in East Rutherford, New Jersey. (Photo by Michael N. Todaro/Getty Images)
Vince McMahon surprised the world and reported their record-making revenue for a fiscal year. Earlier this month, WWE announced that they made $1.095 billion in 2021, which is the highest reported revenue since its inception.
Now, from a business perspective, this is great news for WWE. However, some fans on the internet are livid after seeing the reports from WWE. Vince McMahon and company started a trend in 2021, where they released a bunch of superstars and termed it ‘budget cuts.’
Eventually, after seeing this latest report from the company, the fans are outright blaming Vince McMahon and the company for releasing superstars despite being in profit.
ADVERTISEMENT
Article continues below this ad
WWE reports $1.095 billion in revenue for 2021, their highest revenue and profit ever.
If financials are your thing, I recommend following @BrandonThurston for coverage of WWE’s earnings call taking place right now.
— Alex McCarthy (@AlexM_talkSPORT) February 3, 2022
One fan openly mocked WWE and stated they removed over 120 superstars over 2 years because of the budgets cuts, which was a lie because they were always profitable.
WWE reports $1.095 billion in revenue for full year 2021, the highest in the Company’s history !
Net income for the year is $180.4 million !
Wait….wasn’t the reason they fired 120 people over 2 years because of “ budget issues?"
🤔🤔🤔😅🤣😅🤣😅#Smackdown pic.twitter.com/JNMEGrzLpU— Dennis Havill AKA Mr. Missionary (@DennisHavill_) February 4, 2022
Fans are re-tweeting their previous tweets from 2021, and 2020 just to show that they were right and WWE is just getting rid of the superstars because they simply can.
I’m usually all for a bit of shithousery, if done for a wind-up
But a sports company announcing $250m revenue for a quarter and staggering profits, then firing a chunk of its talent roster for “budget cuts” 2 hours later is the wrong kind of shithousery 😟 #WWE
— Mark Gordon (@TheHumanOnion) November 4, 2021
A fan spoke out against WWE for singing a billion-dollar deal with NBC Universal, only to fire a few more superstars in the name of ‘budget cuts.’
Imagine earning $974.2 million in revenue in 2020 (Headline: WWE Reports **Record 2020 Results**) signing a $1 billion dollar content deal with NBC Universal, then turning around firing people and citing “budget cuts”. Basura. Hot, flaming basura. https://t.co/tfiz9aWRV7
— ryan (@SourceRyan) April 15, 2021
In the wake of this recent budget news and the firing of Shane McMahon, a fan wrote that Shane and Triple H (Paul Levesque) should buy a smaller wrestling promotion. Meanwhile, Tony Khan’s AEW will eventually run WWE out of business according to the fan.
When will Shane & Paul buy a smaller promotion? They could do it. That and AEW would run over WWE eventually.
— itsWizz (@itswizz85) February 4, 2022
And the 2021 WWE Revenue numbers that just came out. Their largest year ever. Not too shabby for a company that is supposedly failing.
— MJB (@mbranda41) February 3, 2022
However, there are also fans who are throwing dirt on AEW after this recent valuation from WWE.
WWE reports $1.095 billion in revenue for full year 2021, the highest in the Company’s history.
Who’s an idiot now?
Let’s see AEW’s numbers??? pic.twitter.com/Of3lNoaE23
— Niko Exxtra (@nikoexxtra) February 4, 2022
Vince McMahon received a lot of hate recently
Apart from reporting their highest revenue, Vince McMahon and the company received a lot of backlash after the firing of Shane McMahon. Yes, Vince McMahon fired his own son recently.
Shane made his in-ring comeback during the men’s Royal Rumble match. However, that night proved to be the last night for Shane, as a lot of confusion took place.
ADVERTISEMENT
Article continues below this ad
ADVERTISEMENT
Article continues below this ad
Vince was not happy with his son over some creative differences before the Rumble event. Ultimately, WWE fired Shane just days after he made his comeback in wrestling.
There are multiple reports that since Shane’s firing, the WWE superstars are concerned about the future of the company.
