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. […]
TKO
Shouldering bulk of UFC antitrust settlement, TKO Group still posts increasing revenues
TKO Group Holdings, the company that houses the UFC and WWE, announced earning for Q1 which beat analyst expectations. It did post a $249 million loss due to the UFC’s settlement of the antitrust lawsuits filed by former fighters. Yet, TKO announced earnings of $629.7 million and an adjusted EBITDA of $282.2 million. The company […]
McMahon, Khan file to sell TKO stock
Wrestlenomics noted 10 days ago that Vince McMahon and Nick Khan were putting up stock for sale. On Friday, Sportico reports that McMahon was selling the last of his shares in TKO Group Holdings. Khan also filed to sell all of his holdings. This would be the last installment of sales by McMahon who resigned […]
Vince McMahon sells more stock
Jefferies covers TKO Group Holdings with ‘Buy’ rating
Investment banking firm Jefferies initiated coverage of TKO with a ‘buy’ rating and a $120 price target. Shares jumped on Monday morning with the news of the coverage. The news offsets a previous “market outperform” rating by TD Cowen last month with concerns about Zuffa’s exposure with the UFC Antitrust Lawsuit heading to trial in […]