Despite the signs of an economic slowdown earlier this summer, TKO business showed that there is still room to grow as it raised its full-year guidance The UFC’s and Zuffa Boxing’s media deals with CBS/Paramount headlined the third quarter. The UFC announced the biggest deal, a $7.7B dollar media rights deal over 7 years which […]
financial
TKO announces stock buyback
TKO Group Holdings, Inc. announced that it has entered into a stock repurchase agreement for $800 million of its outstanding Class A common stock. The company will pay $800M to Morgan Stanley and expects delivery of 3.16M shares. TKO also announced under a 10b5-1 trading plan to repurchase up to $174M outstanding class A shares. […]
TKO doubles dividend for investors
Sportico reports that the parent company for the UFC and WWE, TKO, will double its dividend to Class A shareholders. The increase means the next quarterly payment will be $0.76 a share. The dividend will return $150 million in capital to shareholders according to TKO. The news comes after the UFC signed a $1.1 billion […]
UFC wins Sports League of the Year
The UFC won Sports League of the Year for the second time at the Sports Business Journal annual awards. SBJ cited record-breaking revenue and sponsorships as a reason to make it Sports League of the Year. The promotion also won the award in 2022. UFC Chief Content Officer Craig Borsari accepted the award on behalf […]
WWE economic impact study touts $320M to Vegas region
In all of the information Mark Shapiro informed investors at the JP Morgan conference earlier this week, one of the notable things he brought up was a forthcoming economic impact study that stated it brought $320M to Las Vegas for this year’s Wrestlemania. The economic impact study tends to be commissioned by WWE. And while […]