USA Today released a list of the top five most unusual public companies in the United States. They have GW Pharmaceuticals, Clean Energy Fuels Corp., RPX, Collectors Universe and strangely enough the World Wrestling Entertainment.
The WWE is currently listed with a market cap of $1.3 billion – which has to be the highest in all of sports/entertainment. This company has been around for a very long time and continues to put out a solid product week in and week out for 365 days a year. There’s no off-season, which allows them to keep things going without making fans wait.
Here’s USA Today’s comment on the WWE – who was listed number three on the list:
“Vince McMahon has built World Wrestling Entertainment Inc. (NYSE: WWE) into global wrestling empire over the years. The company recently launched the WWE Network. The network, which had 667,000 as of April, seems well on its way to reaching its stated goal of 1 million subscribers by the end of this year. Despite some concerns about a shift to online viewing and away from live events and pay-per-view, WWE has managed to steadily grow its revenues. Sales were $508 million in 2013, versus $478 million in 2010. The WWE Network is expected to grow revenues to $581 million in 2014 and to nearly $800 million in 2015. In addition to the network, WWE also hosts Wrestlemania — the professional wrestling’s equivalent of the Super Bowl. Its investors currently receive a 2.8% dividend yield.” – via USA Today.
What can I say, everybody loves the WWE.