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Shares of WWE (WWE) - Get World Wrestling Entertainment, Inc. Class A Report gained on Tuesday, after Vince McMahon's wrestling and media group smacked down first-quarter results.

WWE posted $171.1 million in first-quarter sales, topping the forecast of $169.9 million. Earnings per share of 18 cents also beat Wall Street's forecast of 10 cents per share. The earnings beat comes amid a global scrum for original content, and companies such as DreamWorks (DWA) and Viacom's (VIAB) - Get Viacom Inc. Class B Report Paramount have drawn interest.

The stock rose by more than 4%, to $17.81, on Tuesday.

The WWE Network online streaming service averaged 1.29 million paid subscribers throughout the quarter, a gain of 29%. The company ended the period with 1.47 million subscribers, which includes those on free trials.

"We're two years into it," said CFO George Barrios about the company's online network during a Tuesday earnings call.  "There is still a lot of learning."

If trends continue throughout the entire year, Wells Fargo Securities analyst Eric Katz wrote in a Tuesday note, WWE could reach the high end of its guidance, which called for subscriber growth of 20% to 25% and operating income before depreciation and amortization of $70 million to $85 million. Katz previously expected $77 million in Oibda.

WrestleMania, WWE's annual gala of choke slams and elbow drops, occurred in the second quarter of 2016. Subscribers to WWE's network logged an average of 12 hours during the early-April event, which occurred at the AT&T (T) - Get AT&T Inc. Report Stadium in Dallas.

Attendance and revenues set records. Wrestlemania 32 drew nearly 102,000 fans and grossed $17.3 million. The prior record for attendance was a record of 93,000 fans that attended an event in 1987.

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Roman Reigns defeated Triple H and became WWE World Heavyweight Champion at this year's Wrestlemania. The event was without many of its top stars, including 15-time champion John Cena, who had a shoulder injury, and recent champion Seth Rollins, out with a bad knee.

"We have always have injuries. They are more visible now," Chairman and CEO Vince McMahon said. Most of the injured wrestlers return in three to four months, he said.

WWE still makes more from TV than from its online network. Television revenues gained 4% to $60.7 million on the quarter, while the WWE Network increased 7% to $40.3 million.

While the global scrum for video content intensifies, BTIG analyst Brandon Ross suggested in a recent note that WWE could draw interest from suitors.

"As distribution outlets proliferate, we are seeing increased interest in owning content," he wrote. Comcast (CMCSA) - Get Comcast Corporation Class A Report recently agreed to pay $3.8 billion for DreamWorks and Viacom has received interest in its Paramount film studio.

Ross suggested that "the time may be right for WWE to consider a significant strategic investment or put the company up for sale."

Chairman and CEO McMahon, who purchased Capitol Wrestling from his father in 1982 and built WWE, has a majority stake. The company said in an emailed statement that nothing is in the works.

"WWE, controlled by founder and Chief Executive Officer Vince McMahon through Class B shares, isn't in any discussions about a potential sale," the company said.