earnings
confidence high
sentiment positive
materiality 0.85
TKO Q3 revenue $681M, net income $57.7M; raises FY2024 guidance to upper end
TKO Group Holdings, Inc.
2024-Q3 EPS reported
-$0.27
revenue$2,162,145,000
- Revenue $681.2M (+52% YoY); Net income $57.7M vs $22.0M; Adj EBITDA $310.0M (+29%).
- FY2024 guidance raised to upper end: revenue $2.670-2.745B, Adj EBITDA $1.220-1.240B.
- Announced $2.0B share repurchase program and $75M quarterly dividend starting Q1 2025.
- Agreed to acquire PBR, On Location, IMG from Endeavor for $3.25B; expected close H1 2025.
- Credit facility refinancing: new $2.75B term loan and $205M revolver expected Q4 2024.