TKO Group Raises Revenue Forecast After Record Q2 Earnings

The parent company of UFC and WWE reports $851.2 million in quarterly revenue, boosting its full-year outlook.

TKO Group Holdings increased its 2024 revenue guidance to $2.67-$2.745 billion.
The company's Q2 revenue of $851.2 million exceeded analyst expectations.
UFC and WWE saw significant revenue growth from media rights and live events.
Net income for the quarter was $150.7 million, with adjusted EBITDA at $420.9 million.
TKO shares have surged 45% in 2024, reflecting strong financial performance.