The company which owns the UFC and WWE announced its earnings for the quarter which ended on September 30, 2025.
The highlights of the quarter included the UFC media rights deal with Paramount, WWE’s media deal for its Premium Live Events with ESPN and its stock buybacks. The earnings call also lauded Zuffa Boxing’s first event in September, Canelo-Crawford, which garnered “over 70,000” and “generated a gate of over $47 million.”
The company increased its guidance for the year from $4.690B to $4.720B and $1.570B to $1.58B in adjusted EBITDA. It reflects strong profits from the UFC and WWE. It also reflects the ability for TKO to pay out of the NBCU media deal so that WWE could air Wrestlepalooza on ESPN in September.
In Q3, it announced revenue of $1.120B, a net income of $106.8 million and adjusted EBITDA of $360.2 million.
In addition, it announced Zuffa Boxing will begin in 2026 with events being on Paramount in the US, Canada and Latin America.
During the call, the company highlighted a stock buyback of $800 million of its class A stock.
Third quarter revenue decreased 27% of $420.8 million to $1.120B. TKO explained that it was reflected by a decrease of $29.7 million to $325.2 million.
Notably, the fourth quarter will have 11 UFC events as opposed to 10 UFC events last year. Conversely, WWE will have one less PLE versus last year.
Payout Perspective:
Long story short is that TKO had a big third quarter with major financial events (i.e., UFC deal, WWE deal, stock buybacks, Zuffa Boxing) which positively impacted the company. TKO’s ability to get out of the NBCU media deal early so that WWE could air on ESPN also seems like a good decision for the company as it continues to amass lucrative media deals.
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