May 12, 2025 Observer Newsletter: WWE Q1 financials & talent release analysis, Naito wraps up with NJPW

Subscribers can now read this week’s Wrestling Observer Newsletter.

Dave Meltzer leads off with a look at the Q1 TKO financial call which revealed how well both WWE and UFC did in the first three months of the year.

He then looks at the mass of releases WWE did last Friday, why they happened, and the potential prospects for those looking for work.

He also looks at the final NJPW match for Tetsuya Naito and what could be next.

All that and the rest of the news in the wrestling and MMA world awaits.

Click here to read.