WWE returned to Riyadh, Saudi Arabia, for its annual Crown Jewel premium live event on Saturday.

The event was headlined by undisputed WWE champion Cody Rhodes battling world heavyweight champion Gunther, and WWE women's champion Nia Jax squaring off with women's world champion Liv Morgan, for the newly created men's and women's Crown Jewel titles.

Elsewhere on the card, the OG Bloodline reunited as Roman Reigns and The Usos battled Solo Sikoa, Tama Tonga and Jacob Fatu in a six-man tag team match, while Randy Orton and Kevin Owens wrote the first chapter in their rivalry with a chaotic brawl.

More important than who earned actual wins and losses Saturday was who built momentum, proved they belonged through their performances at the PLE.

Find out who the real winners and losers of the show were with this recap.

Winner: Solo Sikoa

Solo Sikoa scored one of the biggest wins of his WWE career Saturday night by pinning Roman Reigns to secure the victory for his incarnation of The Bloodline.

It was a defining victory for Sikoa, who needed a win of this magnitude to reestablish credibility in a rivalry against The Original Tribal Chief. Here, he put his cousin down clean, with no interference from Tanga Loa or any of his other teammates.

Better than that, Sikoa also thwarted a potentially devastating attack from Reigns, The Usos and Sami Zayn, ducking his opponents and escaping the squared circle as Zayn connected with a Helluva Kick to The Head of the Table.

It was an excellent showing for Sikoa, who has never had enough of this kind of credibility to be taken seriously as a legitimate threat to the likes of Reigns, Uso and Cody Rhodes while serving as the lead heel of the SmackDown brand.

This was a much-needed reminder of how much a single win can reverse perception and reinvigorate a Superstar.

Loser: Bronson Reed

Another big match, another big loss for Bronson Reed.

In what was another marquee match for the Australian, he turned in a strong performance but ultimately succumbed to Seth Rollins' trademark Stomp as the former world champion picked up a huge victory.

While a Rollins win reinvigorated him in his pursuit of the world title he lost at WrestleMania 40, it also came at the expense of a heel the Raw brand needed to complete a quality group of villains that extends beyond Gunther and The Judgment Day on Monday nights.

Reed had a perfect opportunity to win the match and go on a run. Instead, he must again rebuild and regrow himself if he is to regain the momentum with which he entered Saturday's show.

Winners: Lash Legend and Jakara Jackson

Faced with the task of proving themselves against some of the top women on the roster, Jakara Jackson and Lash Legend showed up and showed out.

The women of Meta-Four never looked out of place or undeserving of their spot in the WWE Women's Tag Team Championship match. They went toe-to-toe with Iyo Sky, Kairi Sane, Bianca Belair, Jade Cargill, Chelsea Green and Piper Niven and looked every bit like their equals.

The result was a moment or two in the match when it looked like they might win the titles and the fans reacted appropriately.

Two women without the reps their opponents have had on the main roster performed up to the moment. They looked like they belonged, to the point that it should not be out of the realm of possibility that they continue to chase Cargill and Belair for the tag titles on the main roster.

It is a testament to the development of the women's division in NXT and the trust WWE and Triple H had in Legend and Jackson for them to be in this spot in the first place.

Winner: Kevin Owens

The Kevin Owens heel turn wrote its latest chapter Saturday in a match with Randy Orton that never got underway.

Instead, The Prizefighter and The Viper brawled in and around the ring, fending off all attempts by officials, referees and Raw general manager Adam Pearce, who ate an RKO from Orton.

What could have been an effective segment had Owens and Orton continued brawling until they did not, instead elevated itself when KO delivered an elbow drop to his friend-turned-rival, driving him through a table on the arena floor.

All while Owens wore a "Cowboy" Bob Orton T-shirt to hammer home the insult that went along with the injury suffered by The Viper.

The brawl was awesome, Orton was great, but Owens felt like a legitimate main event heel again. He is destined for a run against Cody Rhodes for the Undisputed WWE Championship and this is step one in getting to that point.

An incredibly effective segment for the former world champion.

Loser: Gunther

In the build to Crown Jewel, world heavyweight champion Gunther poked fun at Bret Hart. Saturday in Riyadh, he fell to one of The Hitman's signature reversals, losing the main event and a chance to make history as the first men's Crown Jewel champion.

Late, Gunther caught Cody Rhodes mid-flight in a sleeper. Instead of wasting energy fighting out of the hold, The American Nightmare shifted his weight, rolled over and scored a pinfall victory.

The Ring General was outwrestled and beaten clean in the center of the ring, something only Sami Zayn had done to him since his main roster call-up.

While there is nothing wrong with losing a match, what makes Gunther a loser in this case is what that victory could have meant for him.

There is already a perception that the World Heavyweight Championship does not carry the same gravity the WWE title does; and on Saturday night, it was all but confirmed. As was the idea that Gunther could not be the face of WWE and its centerpiece.

Despite another performance that adds to the idea he is one of the best in-ring competitors of his era, the Austrian took a backseat to the face who runs the place and will now look to continue to build his title's reputation without the assistance of a key victory.

Winners: Cody Rhodes and Liv Morgan

Liv Morgan continued her momentous run in 2024 by adding the women's Crown Jewel Championship to her resume following a victory over Nia Jax.

Cody Rhodes added the same title to his Undisputed WWE Championship with his win over Gunther in the main event.

As the show went off the air, both competitors celebrated with Triple H and representatives of the Kingdom of Saudi Arabia, with pyrotechnics exploding from the top of the arena.

It was a momentous occasion that felt every bit like one. While some will argue over the overall meaning of the Crown Jewel Championship, especially since the belts won't leave Saudi Arabia, it was treated like a tremendous prize and prestigious award for the victors.

A great way to close out the show, with two stars who have worked from the bottom of the company up. They are tops in their field against all the odds they faced earlier in their careers, and they celebrated accordingly.