The TKO Group announced its earnings for the first quarter of 2024 on Wednesday. Results were better than expected raising expectations for the rest of the year. WWE announced that it extended its media deal with NBC Universal to air Monday Right Raw on the USA Network for the rest of the year. The agreement […]
WWE
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 […]
The Legal Submission 84
The Legal Submission 83
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 […]