TKO Group - TKO STOCK NEWS

Endeavor Group Holdings (NYSE: EDR) reported its Q4 and full-year 2024 financial results, with annual revenue reaching $7.111 billion. The company posted a net loss of $1.215 billion for 2024, with Adjusted EBITDA of $1.316 billion.

The Owned Sports Properties segment showed strong growth, up 64% year-over-year to $2.985 billion, primarily driven by the WWE acquisition contributing $1.0 billion and increased UFC performance. The Representation segment grew 9% to $1.688 billion, while Events, Experiences & Rights segment revenue increased 16% to $2.529 billion.

Significant corporate developments include a pending $3.25 billion all-equity transaction with TKO Group Holdings to acquire PBR, On Location, and IMG assets, and a take-private agreement with Silver Lake offering shareholders $27.50 per share. The company ended 2024 with $1.201 billion in cash and $5.678 billion in total debt.

TKO Group Holdings (NYSE: TKO) reported strong Q4 and full-year 2024 financial results. Q4 revenue reached $642.2M (+5% YoY) with net income of $47.5M and Adjusted EBITDA of $238.1M (+7% YoY).

For full-year 2024, revenue totaled $2.804B (+67% YoY), with net income of $6.4M and Adjusted EBITDA of $1.251B (+55% YoY). UFC segment showed revenue growth of 9% to $1.406B, while WWE contributed $1.398B.

The company provided 2025 guidance targeting revenue between $2.93B-$3.0B and Adjusted EBITDA of $1.35B-$1.39B. TKO announced a $2.0B share repurchase program starting Q2/Q3 2025 and quarterly dividend program, with first payment of $75M scheduled for March 31, 2025.

Additionally, TKO settled the UFC antitrust lawsuit for $375M, payable in three installments, with two $125M payments already made and the final payment expected in Q2 2025.

TKO Group Holdings (NYSE: TKO) announced a groundbreaking 'TKO Takeover' event series at Kansas City's T-Mobile Center from April 24-28. This first-of-its-kind event, presented by VeChain, will feature three major sports entertainment properties over five days: Professional Bull Riders (April 24), UFC Fight Night (April 26), and WWE Raw (April 28).

The initiative, facilitated by the Kansas City Sports Commission, marks the first time a venue will host consecutive PBR, UFC, and WWE events in a single weekend. An exclusive all-in-one ticket bundle will be available from March 3, with VIP Experience packages through On Location offering premium seating and meet-and-greet opportunities.

Kansas City has historically hosted over 60 combined events from these organizations. VeChain, UFC's Official Blockchain Partner since 2022, has expanded its partnership to become the inaugural presenting partner of this TKO Takeover event.

TKO Group Holdings (NYSE: TKO) has announced its inaugural quarterly cash dividend following the capital return program revealed on October 24, 2024. Class A common stockholders will receive a dividend of $0.38 per share, with the total distribution amounting to approximately $75 million from TKO Operating Company,

The dividend will be paid on March 31, 2025 to Class A common stockholders of record as of March 14, 2025. Future quarterly dividend declarations will be subject to TKO's discretion, considering various factors including operational results, financial condition, market conditions, earnings, cash flow requirements, and legal requirements.

WWE (NYSE: TKO) and Nissin Foods have announced a new partnership making Hot & Spicy FIRE WOK the official presenter of Elimination Chamber on March 1, 2024, in Toronto. The partnership includes prominent brand exposure through WWE assets, featuring a match sponsorship at WrestleMania 41 in Las Vegas, integrations in Raw and SmackDown programming, and presence on WWE's e-gaming YouTube channel.

Hot & Spicy FIRE WOK will sponsor the Men's Elimination Chamber match, featuring WWE Superstars Logan Paul, Seth Rollins, Drew McIntyre, CM Punk, Damian Priest, and John Cena in his final Chamber appearance. The brand has launched edition packaging featuring WWE Superstars Seth Rollins and Liv Morgan, and is offering fans a chance to win an all-expense paid trip to WrestleMania 41 through the 'Can You Handle The Heat Sweepstakes.'

Endeavor Group Holdings (NYSE: EDR) has declared a quarterly cash dividend of approximately $27 million, with Class A common stockholders receiving $0.06 per share. The dividend will be paid on March 14, 2025 to stockholders of record as of February 28, 2025.

Future dividend declarations will depend on various factors, including operational results, financial condition, market conditions, earnings, cash flow requirements, and debt agreement restrictions. The company is required to maintain quarterly dividend payments of $0.06 per share under its merger agreement with Silver Lake until closing.

UFC and Monster Energy have announced a historic multiyear renewal of their global partnership, marking the largest sponsorship deal ever for both companies. Monster Energy will continue as the exclusive global Official Energy Drink of UFC, building on their relationship that began in 2015.

Under the renewal terms, Monster Energy will maintain center canvas placement in the Octagon at UFC's major events, including Pay-Per-Views and Fight Nights, as well as presence in Dana White's Contender Series, The Ultimate Fighter, and Road to UFC. The brand will reach an estimated 975 million households in 170 countries through UFC's broadcasts. Monster-sponsored UFC athletes will continue displaying Monster Energy drinks during press conferences and post-fight decisions.

TKO Group Holdings (NYSE: TKO) has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The company's President and Chief Operating Officer, Mark Shapiro, will represent TKO at the event, which is scheduled for March 3, 2025, at 3:20 p.m. Eastern Time (12:20 p.m. Pacific Time) in San Francisco, CA.

Investors and interested parties can access the live session through TKO's investor relations website at investor.tkogrp.com. A replay of the session will remain available on the website for a minimum of 30 days following the event.

UFC and Thorne have announced a renewal of their global partnership, enhancing their existing collaboration since 2019. Thorne maintains its position as the Official Sports Performance Nutrition Partner of UFC and Official Partner of the UFC Performance Institute. The partnership now includes Thorne becoming a premier partner of UFC's Anti-Doping program.

The renewed partnership features significant brand integration, including Thorne branding in the 'Locker Room Cam' broadcast during UFC Pay Per Views, reaching over 700 million fans in 170 countries. Since implementing Thorne's NSF Certified for Sport products in 2019, there have been no failed drug tests from contaminants among athletes using their supplements.

The agreement includes collaboration on original content for UFC's digital channels, reaching 290 million users worldwide. Thorne will continue as Presenting Partner for select segments of UFC's 'Embedded' series and will participate in an annual Brand Ambassador program.