TKO Group announced its earnings for the third quarter of 2024. The company that owns the UFC and WWE reported earnings that beat Wall Street expectations. The company reported revenue of $681.2 million for the period ending September 30th and net earnings of $57.7 million. It also beat the Street’s expectations with an EBITDA of […]
TKO
TKO Group purchases PBR, On Location, and IMG
Sports Business Journal reports that the TKO Group (owners of WWE and UFC) are set to purchase Professional Bull Riders, On Location, and IMG in an “all-equity transaction valued at $3.25B” from Endeavor. The transaction is expected to close in the first half of 2025. Endeavor’s ownership in TKO will increase from 53% to 59%. […]
WWE cutting live events per Shapiro
Last week, TKO head Mark Shapiro spoke at the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference. During his talk, he indicated that WWE would be doing less live events in the future. Shapiro indicated that they would be doing less “house shows” which are the untelevised WWE touring events which helped grow […]
TKO Group invests in EverPass
Deadline reports that the TKO Group has invested in EverPass Media, the company distributes live sports and entertainments to bars and restaurants. The news accompanies the announcement that EverPass acquired UPshow which is an on-premise entertainment and performance marketing platform. The acquisition of both will allow businesses to stream NFL Sunday Ticket for the first […]
TKO signs deal with Indiana Sports Corp. for multi-PLE deal
TKO announced a first-of-its-kind partnership which will bring Wrestlemania, Summerslam and Royal Rumble to Indianapolis. The deal gives Indiana that chance to hold 3 of the company’s top Premium Live Events to the area. The deal also includes the ancillary benefits of having Raw, SmackDown, NXT and WWE Live events from the arenas across Indiana. […]