Before My Head Explodes with Vince Russo

TKO Revenue Report: The Real Story Behind WWE’s Numbers & What Fans Aren’t Being Told | Coach and Bro | November 6th, 2025


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Full Podcast Summary / Notes (With Timestamps)
[00:00:00 - 00:01:28]
  • The Coach kicks off Hour 2 of the show, announcing a major guest appearance by Killer Karrion Kross later in the day.
  • Welcomes back co-host
  • Vince Russo

    , who shares his involvement with JCW (Juggalo Championship Wrestling) and the non-political, refreshing atmosphere there.

    [00:01:28 - 00:04:46]
    • Discussion on JCW’s unique free events, star power, and community initiatives (giving away turkeys and Faygo).
    • The Coach
    • marvels at how the business model works and highlights the wrestler-first environment Violin J has created at JCW.

      [00:04:47 - 00:07:06]
      • Conversation shifts to the rise of streaming and possible international media deals for JCW.
      • Vince Russo
      • teases future growth while emphasizing product quality as the determining factor for success.

        [00:07:07 - 00:11:25]
        • Teasing key topics: TKO’s third quarter earnings, John Cena’s farewell tournament, and analysis of WWE’s creative direction.
        • Candid talk about working relationships in WWE—how talent like Karrion Kross struggled when out of favor with management (specifically Triple H).
        • [00:11:26 - 00:16:11]
          • Deeper critique of WWE booking, questionable creative decisions (ex: Tiffany Stratton’s quick title loss), and unexplained storyline choices.
          • The Coach
          • and

            Vince Russo

            question long-term planning—especially with top talent like Brock Lesnar missing from key events and promos.

            [00:16:22 - 00:21:22]
            • The show explores AEW’s Tony Khan’s unusual social-media approach, his openness vs. possible naivety in business, including seeking advice from “the wrong people.”
            • Ratings talk: The team reflects on SmackDown dropping under a million viewers and possible ramifications for the business.
            • [00:21:22 - 00:24:33]
              • Dissecting TKO’s claims about strong WWE ratings in their earnings call, despite record-low TV ratings and sagging attendance.
              • The Coach
              • expresses doubts about management’s understanding (or honesty) regarding the WWE product in 2025.

                [00:24:33 - 00:32:55]
                • Tournament Critique: The panel discusses WWE’s decision to run a 16-man tournament for John Cena’s ‘last match,’ questioning the lack of storytelling and reliance on surprise names like Edge or Chris Jericho.
                • Insight into how (and why) major tournaments are often used as creative “breathers” but traditionally don’t drive ratings.
                • [00:32:56 - 00:39:22]
                  • The Coach
                  • calls out WWE’s lack of urgency in booking and planning, contrasting it with the effective use of star power in Vince McMahon’s era.


                  • Reflection on how poor celebrity engagement and weak creative choices undermine John Cena’s farewell and WWE’s cultural impact.
                  • [00:39:23 - 00:52:46]
                    • Deep dive into TKO’s Q3 earnings call:
                      • The Coach
                      • and

                        Vince Russo

                        break down the reported 23% revenue increase, the reality of WWE’s massive corporate debt, and the questionable logic behind attributing revenue to “impressive” TV ratings and ticket prices.


                      • Discussion on market realities: WWE ticket prices are up, but demand and actual attendance are down.

                      • Caution for the future—if ticket sales and ratings continue to decline, will management finally change course, or are they riding the media rights wave until the well runs dry?
                      • Wrap-up: Karrion Kross’s appearance teased, and
                      • The Coach

                        promises continued honest, insider analysis fans can trust.


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