Fans of WWE (NYSE: WWE) have nothing to worry about for five years. The company has locked in television revenue for that period, which should keep it steadily profitable (and able to pay its dividend) over that time frame pretty much no matter what else happens to its business.
That's the good news for investors, but it's not the whole story for the company. WWE has seen its overall popularity drop -- including television ratings, streaming network subscribers, and live attendance. These trends may stabilize, but if they don't, the self-described sports entertainment company may have some serious long-term viability problems.
WWE has seen its biggest shows lose audiences. Image source: WWE.