In its inaugural year as an independent publicly traded corporation, TKO Group Holdings demonstrated robust revenue expansion and substantial profits. Looking ahead, they anticipate accelerating this growth significantly in 2025, with several significant transactions planned.
On Wednesday afternoon, TKO announced its Q4 earnings, showcasing a total revenue of $642.2 million, net income of $47.5 million, and an adjusted EBITDA of $238.1 million. The growth at UFC significantly outweighed the decrease observed at WWE, which was primarily due to the transition in media rights (more details on this below). Specifically, UFC reported a revenue of $343.9 million, marking a 22% increase, while WWE’s revenue stood at $298.3 million, representing a 10% decrease.
The drop in ratings can be attributed to the shift of WWE Raw from USA Network to Netflix. The recent deals, one with Netflix that began a month ago and another with USA for Smackdown, suggest that WWE could experience ongoing increases in rights fees for an extended period.
Indeed, TKO anticipates generating revenue between $2.93 billion and $3 billion by 2025, along with an adjusted EBITDA of $1.35-$1.39 billion. It’s worth mentioning that these projections do not account for income from businesses the company plans to acquire in the near future.
In the autumn season, our company consented to buy several subsidiaries belonging to Endeavor such as IMG, On Location, and Professional Bull Riders, amounting to a $3.25 billion stock transaction. This acquisition is projected to be finalized in the immediate future, TKO states, prior to the end of Q1.
2025 looks set to be a significant year for business transactions beyond the Endeavor deal, with TKO currently in discussions about rights with ESPN for UFC. If this exclusive window expires, they will have the freedom to offer UFC, led by Dana White, to the open market. Additionally, they will initiate negotiations for premium live events such as Wrestlemania and the Royal Rumble from WWE.
In the autumn of 2023, TKO came into existence as a result of Endeavor combining its UFC mixed martial arts promotion with WWE. They believed that leveraging corporate synergies, assertive contract negotiations, and a solid financial status and narrative would drive up the company’s stock price.
Previously on Wednesday, TKO declared their intention to “seize control” of Kansas City, Missouri, planning for PBR, UFC, and WWE events across an extended weekend in April.
2024 proved to be a remarkable year for TKO, with outstanding financial results at both UFC and WWE. This success underscores the power of our intellectual property, the vibrant communities we cater to, and the exceptional team we’ve built, I proudly say as a devoted fan, Ariel Emanuel, Executive Chair and CEO of TKO. In the year to come, our primary focus will be on securing long-term media rights deals in the U.S. for both UFC and WWE’s Premium Live Events. We also aim to integrate IMG, On Location, and Professional Bull Riders into our portfolio, creating more captivating live events, and fulfilling our commitment to shareholders through our robust capital return program.
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Wizardry Variants Daphne tier list and a reroll guide
- Girls Frontline 2 Exilium tier list
- Chhaava OTT release: Where is Vicky Kaushal and Rashmika Mandanna’s film expected to stream after theatrical run? Find out
- 10 Hardest Bosses In The First Berserker: Khazan
- ‘Bachelor’ Co-Executive Producers Exit Franchise
- Tap Force tier list of all characters that you can pick
- Irv’s Dream In Severance’s ‘Woe’s Hollow’ Made My Skin Crawl, And John Turturro Told Me How It Set Up That Big Helly Reveal
2025-02-27 00:25