TKO Group Holdings, Inc. ( (TKO) ) has released its Q4 earnings. Here is a breakdown of the information TKO Group Holdings, Inc. presented to its investors.
TKO Group Holdings, Inc. is a prominent player in the sports and entertainment industry, combining the strengths of UFC and WWE to deliver a wide array of live events and media content worldwide. The company recently released its financial results for the fourth quarter and full year of 2024, showcasing significant growth and strategic developments.
In 2024, TKO Group Holdings reported a revenue of $2.804 billion, marking a 67% increase from the previous year, driven by the integration of WWE and increased UFC revenues. The company achieved a net income of $6.4 million, although this was a decrease from the prior year, largely due to increased operating expenses. Adjusted EBITDA rose by 55% to $1.251 billion, reflecting the company’s robust operational performance.
Key highlights from the report include a 5% revenue increase in the fourth quarter to $642.2 million, with UFC contributing significantly to this growth. Despite a decrease in WWE’s revenue due to programming transitions, TKO managed to improve its net income by $63.6 million compared to the previous year. The company also outlined its strategic focus on securing long-term media rights and integrating new acquisitions into its portfolio.
Looking ahead, TKO Group Holdings is targeting a revenue range of $2.930 billion to $3.000 billion for 2025, with an Adjusted EBITDA target between $1.350 billion and $1.390 billion. The company remains committed to enhancing its live event offerings and capital return programs, positioning itself for continued growth in the competitive sports entertainment landscape.