Overview
- TKO reported Q3 revenue of $1.120 billion, net income of $106.8 million, and adjusted EBITDA of $360.2 million.
- The company lifted full-year targets to $4.690–$4.720 billion in revenue and $1.570–$1.580 billion in adjusted EBITDA.
- WWE posted revenue of $402.1 million, up 23%, with adjusted EBITDA of $207.8 million, supported by a two-night SummerSlam and the Wrestlepalooza launch under ESPN.
- UFC revenue fell 8% to $325.2 million with adjusted EBITDA down 15% to $165.6 million due to one fewer numbered event and a tough comparison to last year’s Sphere show, while IMG declined to $336.7 million on Paris 2024 Olympics comps yet delivered $61.4 million in profit.
- Management pointed to multiyear rights agreements, including a reported $7.7 billion UFC deal with Paramount and a WWE pact with ESPN at about $325 million per year, alongside continued dividend increases and share repurchases.