Overview

• TKO Group reported Q1 2025 revenue of $1.27 billion and net income of $165.5 million, surpassing Wall Street forecasts.
• The company raised its full-year revenue guidance to $3.005–3.075 billion for UFC and WWE, and at least $4.49 billion including acquisitions.
• Adjusted EBITDA targets for 2025 were increased to $1.39–1.43 billion, up from the previous range of $1.35–1.39 billion.
• Growth was fueled by double-digit revenue gains in UFC and WWE, supported by live event site fees and WWE Raw's debut on Netflix under a $5 billion, 10-year deal.
• During Q1, TKO completed acquisitions of IMG, On Location, and Professional Bull Riders, further diversifying its portfolio despite mixed performance from the new segments.