Overview

• TKO’s board approved a 100% increase in the quarterly cash dividend to $0.76 per Class A share, totaling about $150 million.
• The dividend will be paid on September 30 to shareholders of record as of the close of business on September 15.
• The company expects to commence a share repurchase program within the third quarter.
• TKO launched a process to potentially upsize its existing credit facility by up to $1.0 billion, subject to market conditions and customary closing requirements.
• The company cites stronger earnings and cash flow from UFC and WWE U.S. media-rights renewals, including a five-year $1.6 billion WWE deal with ESPN and a reported UFC pact with Paramount Skydance, and says dividends will be funded by operations and/or cash on hand.