TKO reported its 4th quarter earnings for 2024 and beat analyst expectations yet again. Overall, the owners of the WWE and UFC reported total revenue for Q4 of $642.2 million and adjusted earnings before taxes, interest, depreciation and amortization of $238.1 million. But the UFC legal settlement in the Cung Le, et al. lawsuit caused […]
TKO
TKO to enter boxing, deal with Ali Act?
Ari Emanuel was on The Pat McAfee Show during Super Bowl week to chop it up with the bros. One notable mention from Emanuel was the indication that TKO would be entering the boxing business. Also of note, Emanuel stated he didn’t think that Ali Act helped boxing. See the clip below. The Muhammad Ali […]
Dwayne Johnson obtains WWE stock
In a regulatory filing on December 31, 20224, Dwayne “The Rock” Johnson acquired 96,558 shares of TKO stock. You might recall he joined the Board of Directors for TKO last year and was awarded full Intellectual Property ownership rights to his name as well as 96,558 shares of the company. The Class A shares are […]
TKO Group beats Wall St. expectations for Q3
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 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%. […]