earnings
confidence high
sentiment positive
materiality 0.85
TKO reports record Q2 revenue of $851.2M, raises FY 2024 guidance
TKO Group Holdings, Inc.
2024-Q2 EPS reported
-$0.55
revenue$1,480,872,000
- Revenue $851.2M (+179% YoY); net income $150.7M; record Adjusted EBITDA $420.9M.
- UFC segment revenue $394.4M (+29% YoY); WWE segment revenue $456.8M.
- FY 2024 guidance raised: revenue $2.670-2.745B, Adjusted EBITDA $1.220-1.240B.
- Court denied preliminary approval of $335M UFC antitrust settlement; discussions ongoing.
- Repurchased 1.9M shares for $165M in Q2; total 3.2M shares for $265M since September 2023.