earnings
confidence high
sentiment positive
materiality 0.85
TKO reports FY2023 revenue $1.675B, Adj. EBITDA $809M; FY2024 guidance $2.575-2.65B
TKO Group Holdings, Inc.
2023-FY EPS reported
-$0.43
revenue$1,674,968,000
- Full-year revenue $1.675B (UFC full year + WWE from Sep 12); net income $175.7M, down from $389M prior year.
- UFC segment revenue $1.292B (+13% YoY) with record live events and sponsorship revenue; Adj. EBITDA $755.7M (+11%).
- WWE contributed $382.8M revenue post-merger; WWE combined full-year revenue $1.326B (+3%), Adj. EBITDA $533.1M.
- FY2024 guidance: revenue $2.575-2.65B, Adj. EBITDA $1.15-1.17B, free cash flow conversion >50%.
- Net income decline driven by $83.8M M&A costs and $34.2M litigation charges, including $20M antitrust settlement at WWE.