Endeavor’s TKO Group, New Home Of UFC & WWE, Reports First Quarterly Results Since Going Public This Fall
deadline.comTKO Group, the new Endeavor-owned public company created by the merger of UFC and WWE, posted its first quarterly financial results today driven by Ultimate Fighting Championship, which saw its numbers buoyed by media rights, content fees, live events and sponsorship for the three months ended in September.
WWE had softer numbers in part due to the timing of events and of payment from partners in the 2023 quarter vs last year. Revenue slipped 6% to $287 million.
Ebitda (a kind of operating profit) fell about 17% to $102 million. After some drama on the WWE side, Endeavor acquired it from Vince McMahon this fall and rolled it up with UFC into TKO, creating a combat sports juggernaut.
Ari Emanuel is CEO of both Endeavor and TKO. The numbers hit as Endeavor this month signaled another dramatic move — possible plans to go private thanks to its biggest shareholder Silver Lake Partners.
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