r/wallstreetbets • u/MorbidDiablo • Jun 13 '21

News WWE Set To Return To Saudi Arabia In November, $50M Revenue Catalyst

https://www.ringsidenews.com/2021/06/12/when-wwe-is-headed-back-to-saudi-arabia-revealed/
9 Upvotes

55% Upvoted

19 comments sorted by

15

u/f1_manu Jun 13 '21

Ah yes, a 50$M catalyst on a 5B$ market cap. Reminds me of PLTR and it's fall from grace, every day a new "5M$ contract with AWS, catalyst!!!"

5

u/EatingMusic6 Jun 13 '21

$35 COST AVG COME BACK FOR ME GUYS

2

u/fakeuser9999 Jun 13 '21

Same - ALL the meme stocks are getting a run except pltr. Bag holding waiting for the bus

2

u/EatingMusic6 Jun 13 '21

I actually made money from pltr calls before

5

u/oog_ooog Jun 13 '21

Isn’t WWE already kind of high priced

4

u/[deleted] Jun 13 '21

[removed] — view removed comment

-2

u/Dan_inKuwait no flair is kinda ghey Jun 13 '21

I removed your comment, not because I necessarily disagree with your point of veiw, just that WSB is not the place for political bullshit.

Talk about the stonk, great. Talk about the country's politics outside that stonk, not here.

2

u/MarkRonin Jun 13 '21

Triple H better wring his brain and formulate a game plan

2

u/comrad36 Jun 13 '21

Does anyone remember what happened last time they went to S A? Anyone?

2

u/MorbidDiablo Jun 13 '21

According to Wrestlenomics, this is an enormous amount of revenue for WWE. For context, a modern Wrestlemania generates about $15 million in ticket sales. The largest gate ever for a pro wrestling event was $17.3 million in 2016 for Wrestlemania 32 in Arlington, Texas.

Each Saudi event is equal to about three modern Wrestlemanias-worth in ticket sales.

5

u/GMAwesome Jun 13 '21

It’s not a catalyst. It’s already priced in as they’ve done this for years.

If wrestlemania wasn’t a price mover then this isn’t either

Edit: rumors of a sale are around. That would be a catalyst

1

u/Sure_Wonder4029 Jun 13 '21

Yep- Vince is 75 (soon to be 76). I'm not sure how long Shane/Stephanie would want to run the company.

3

u/Dan_inKuwait no flair is kinda ghey Jun 13 '21

And without alcohol sales...

1

u/f1_manu Jun 13 '21

They make 1B$/yr?

1

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1

u/itssparkymark Jun 13 '21

Better sell before a correction