secwatch.observer — SEC 8-K summary
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Issuer:     TKO Group Holdings, Inc. (TKO)
CIK:        0001973266
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001973266-24-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TKO reports FY2023 revenue $1.675B, Adj. EBITDA $809M; FY2024 guidance $2.575-2.65B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1973266/000197326624000005/0001973266-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1973266/000197326624000005/tko-20240227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001973266-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer