TKO Q1 revenue $629.7M; raises FY2024 guidance; settles UFC antitrust suits for $335M

TKO Group Holdings, Inc.

2024-Q1 EPS reported -$1.26 revenue$629,711,000

Q1 revenue $629.7M (up 105% YoY), net loss $249.5M due to $335M antitrust settlement charge.
Adjusted EBITDA $282.2M (up 63% YoY); UFC segment EBITDA $195.1M (+5%), WWE $140.2M.
FY2024 guidance raised: revenue $2.610-2.685B, Adjusted EBITDA $1.185-1.205B.
UFC antitrust suits settled for $335M aggregate; $200M payable in 2024, $135M in 2025.
Repurchased 1.9M shares for $165M in April; total 3.2M shares for $265M since Sept 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TKO Group Holdings, Inc. reported first quarter ended March 31, 2024 results: revenue $629.7 million, net income Net loss of $249.5 million. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $629.7 million
Net income: Net loss of $249.5 million
Guidance: raised
Result: reported results

Exact text from the filing

Holdings, Inc. Reported results presented in this earnings release prior to September 12, 2023 reflect only UFC activity. First Quarter 2024 Financial Highlights · Revenue of $629.7 million · Net loss of $249.5 million · Adjusted EBITDA 1 of $282.2 million First Quarter 2024 Operational Highlights and Recent Developments · UFC held 11 events, including five with

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Source: SEC EDGAR

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