TKO Group Posts Better-Than-Expected Revenue In Q1, But UFC Legal Settlement Squeezes Endeavor-Run Combat Sports Outfit
deadline.comTKO Group Holdings posted better-than-anticipated revenue but saw a March antitrust settlement with UFC fighters squeeze its bottom line.
The company, formed through the merger of WWE and UFC last September, is run by Endeavor Group Holdings. Endeavor recently unveiled a plan to go private, making TKO the only public window onto the dealmaking activities of Ari Emanuel & Co.
Revenue of $629.7 million came in ahead of Wall Street analysts’ expectations, though the WWE and UFC components each recorded upticks in the single digits.
Because of the timing of the merger, results in the quarterly report reflect the operations only of UFC. One new piece of news included in the earnings release was WWE’s $25 million sale of rights to Monday Night Raw to NBCUniversal.
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