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There are a number of potential reasons why WWE (World Wrestling Entertainment) may have seen a decline in ratings over the years. Some possible factors include:

Competition from other forms of entertainment: WWE faces competition from a wide range of other forms of entertainment, including movies, television shows, and video games, which may be more appealing to some viewers.

Changes in the wrestling industry: WWE has undergone a number of changes over the years, including shifts in its creative direction, changes in its on-air talent, and changes to its business model. These changes may have had an impact on the company's ratings.

Changes in viewing habits: The way that people consume media has changed significantly in recent years, with many people switching to streaming services or binge-watching shows on demand rather than watching live television. This shift may have affected WWE's ratings.

Changes in the television landscape: The television industry has undergone a number of changes in recent years, including the rise of cable cutting and the proliferation of streaming services. These changes may have had an impact on WWE's ratings.

Decreased interest in wrestling: WWE's core audience is largely made up of fans of professional wrestling. If the overall interest in wrestling has declined over the years, this could be a factor in WWE's declining ratings.

Negative press: WWE has faced criticism from some quarters for its treatment of its performers, particularly in terms of health and safety. This negative press may have contributed to a decline in the company's ratings.