TKO Group Sees Revenue Surge Amid Legal Settlements, Endeavor Eyes Private Transition
Despite a significant legal payout, TKO Group reports strong first quarter earnings, while Endeavor prepares for a major acquisition by Silver Lake.
- TKO Group, combining UFC and WWE, raised its 2024 revenue projections following a robust Q1, driven by high demand for live events and media rights deals.
- Endeavor Group, parent company of TKO, reported a Q1 loss largely due to a hefty legal settlement but remains optimistic as it transitions to private ownership.
- TKO secured a $25 million deal with NBCUniversal to extend WWE’s 'Monday Night Raw' broadcast rights through the end of 2024.
- The UFC antitrust settlement cost TKO $335 million, impacting its short-term profits but clearing long-term legal uncertainties.
- Endeavor’s total revenue hit $1.8 billion in Q1, bolstered by the strategic merger of UFC and WWE under the TKO banner.