WWE leadership update after JP Morgan stock report | Exclusive
A recent JP Morgan stock report is not expected to lead to any dramatic changes to WWE’s leadership in the near future.
Analysts from JP Morgan recently lowered their price target for TKO from $225 to $222, stating that they have become more cautious regarding the company due to weaker fan sentiment, among other reasons. The report also cited concerns regarding WWE’s declining Raw viewership on Netflix and lower ticket demand for SummerSlam, writing:
“WWE fan dissatisfaction is worth watching but is not yet a structural problem. Premium live event viewing appears to be growing, although Raw ratings are trending down year over year.”
Dave Meltzer addressed WWE’s reaction to the stock report in the latest edition of the Wrestling Observer Newsletter.
Meltzer stated that no shakeups are expected in the near future. However, with WWE’s Netflix and USA Network agreements both expiring at the end of 2029, he was told that Mark Shapiro and others could begin putting pressure on Nick Khan and Paul “Triple H” Levesque if the company’s numbers are not strong in 2028.
Meltzer wrote:
“Regarding this, from inside WWE, while obviously once this has gotten to JP Morgan which affects stock price it is a story. I was told even so, right now nothing is expected to happen until around 2028 at which point the Netflix deal and USA deals will be in play, with both ending at the end of 2029. If numbers aren’t strong, we’re told that’s when Mark Shapiro and company will really start pressuring Nick Khan and Levesque. And if numbers are strong, things will stay the way they are, which would include some reactions to outside things like this and numbers.”
The full edition of this week’s Wrestling Observer Newsletter is available here for subscribers. Meltzer and Garrett Gonzalez discussed many of the topics from the newsletter on yesterday’s edition of Wrestling Observer Radio.
Ian Carey is a writer from Toronto, Ontario, Canada, whose work has appeared in award-winning publications such as NOW Magazine and The Huffington Post. He joined the F4WOnline team in 2019 and was named managing editor in the summer of 2026. Born in Calgary, Alberta, Ian has covered professional wrestling for more than 15 years.