Lower ticket sales for WrestleMania 42 drove a $33.7 million year-over-year decline in WWE’s live events and hospitality revenue.
TKO’s second-quarter results show that the category generated $152 million, down from $185.7 million in the same period last year.
The company said the decrease came from lower ticket revenue and was “almost exclusively” related to WrestleMania 42 in Las Vegas.
TKO did not disclose a gate for this year’s two-night event at Allegiant Stadium.
WrestleMania 41 generated $66,074,558 in ticket sales across its two nights in 2025. Pollstar data showed that 113,412 tickets were sold in total.
The $33.7 million decline cannot be subtracted directly from last year’s WrestleMania gate to calculate the 2026 figure. This is because WWE’s live events and hospitality category covers all events during the quarter and also includes hospitality and financial incentive packages.
However, TKO’s attribution indicates that WrestleMania ticket revenue fell significantly from the record set one year earlier.
The quarterly filing states that WWE’s direct operating costs increased by $15.5 million. Of that increase, $14.9 million related to higher combined talent, production and event costs for weekly television and premium live events, including WrestleMania 42, along with added logistics for international events.
WWE received a $6 million site fee for WrestleMania 42 and approval for a $4,314,821 Nevada production tax credit, taking expected public incentives to around $10 million.
Despite the decline in live-event income, overall WWE revenue increased 12% to $620.9 million. An $80.8 million rise in media rights, production and content revenue more than offset the lower ticket sales.
