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TKO Group Holdings, Inc. - TKO STOCK NEWS

Welcome to our dedicated page for TKO Group Holdings news (Ticker: TKO), a resource for investors and traders seeking the latest updates and insights on TKO Group Holdings stock.

TKO Group Holdings, Inc. (symbol: TKO) is a prominent entity in the sports and entertainment sphere, uniting two industry titans: UFC, the globally renowned mixed martial arts organization, and WWE, an integrated media organization and the undisputed leader in sports entertainment. The company leverages the robust audience base and brand recognition of both UFC and WWE to deliver unparalleled live events, digital content, and multimedia experiences. By consistently innovating and expanding its offerings, TKO Group Holdings has cemented its position as a key player in the global entertainment market.

UFC boasts a powerful presence in the world of mixed martial arts, organizing high-profile fights and events that attract millions of viewers worldwide. Meanwhile, WWE captivates audiences with its dynamic wrestling entertainment, featuring iconic superstars and engaging storylines that resonate with fans of all ages. Together, these organizations form a synergistic partnership under TKO Group Holdings, driving growth and enhancing shareholder value.

Recent achievements for TKO Group Holdings include strategic partnerships, groundbreaking events, and enhanced digital engagement. Financially, the company remains robust, with a solid balance sheet and strong revenue streams from its various activities. Current projects focus on expanding its digital footprint, optimizing live event experiences, and exploring new market opportunities globally.

TKO Group Holdings is committed to delivering exceptional entertainment experiences while continuously evolving to meet the demands of an ever-changing industry. With a focus on innovation, strategic growth, and fan engagement, the company is poised for continued success and market leadership.

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Endeavor Group Holdings (NYSE: EDR) announced a quarterly cash dividend of approximately $27 million for Q4 2024. The dividend amounts to $0.06 per share for Class A common stockholders. Payments will be made on December 30, 2024 to those on record as of December 16, 2024. Future dividends will be determined based on various factors including results of operations, financial condition, market conditions, cash flow needs, and legal requirements. This declaration also complies with the merger agreement with Silver Lake, which mandates a quarterly dividend of $0.06 per share before closing.

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TKO Group Holdings (NYSE: TKO) has announced its participation in the upcoming UBS Global Media & Communications Conference. The company's President and COO, Mark Shapiro, will represent TKO at the event scheduled for December 9, 2024 at 11:15 a.m. ET in New York. Investors and interested parties can access both the live session and a 30-day replay through TKO's investor relations website at investor.tkogrp.com.

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IBM and UFC have announced a groundbreaking partnership making IBM the UFC's first-ever Official Global AI Partner. The collaboration will introduce the UFC Insights Engine, powered by IBM's watsonx AI platform, set to launch in early 2025. The system will provide real-time analysis, fight insights, and outcome predictions across UFC's viewing platforms, reaching fans in 170 countries. The engine will leverage IBM's Granite large language models and UFC's data feeds to deliver advanced analytics, fighter tendencies, and match projections, integrating these insights into UFC's broadcasts, social media, and venue displays.

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Endeavor Group Holdings (NYSE: EDR) has announced the sale of OpenBet and IMG ARENA to OB Global Holdings in a management buyout backed by Ariel Emanuel, with participation from OpenBet executives including CEO Jordan Levin. The transaction is valued at approximately $450 million, financed through cash and debt. During and after closing, Endeavor will continue marketing IMG ARENA for third-party sale. The deal is a necessary step for Endeavor's proposed take-private transaction by Silver Lake and is subject to gaming regulatory approvals.

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Endeavor Group Holdings (NYSE: EDR) reported Q3 2024 revenue of $2.032 billion with a net loss of $420.4 million and Adjusted EBITDA of $277.6 million. The company saw growth in Owned Sports Properties, driven by WWE and PBR performance. The Representation segment showed strength in WME's music and talent groups. Owned Sports Properties revenue increased 53.2% to $735.2 million, while Events, Experiences & Rights revenue grew 145.1% to $899.8 million. The company announced a $3.25 billion deal with TKO Group Holdings to sell PBR, On Location, and IMG assets. Additionally, Endeavor is proceeding with its take-private transaction with Silver Lake at $27.50 per share.

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Black Rifle Coffee Company (NYSE: BRCC) and UFC have partnered to auction a specially designed jacket worn by Bruce Buffer during UFC 309 at Madison Square Garden. The unique suit, featuring Vietnam War-inspired tiger stripe camouflage and custom details, will be auctioned from November 16-23 to benefit the Special Operations Warrior Foundation's Children with Disabilities Program. Additionally, BRCC has announced a $250,000 direct donation to support SOWF's mission of providing education funding for children of fallen Special Operations Personnel and Medal of Honor Recipients.

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TKO Group Holdings reported strong Q3 2024 results with revenue of $681.2 million and net income of $57.7 million. The company achieved Adjusted EBITDA of $310.0 million. Based on solid performance, TKO revised its full-year 2024 guidance to the upper end of ranges: revenue of $2.670-2.745 billion and Adjusted EBITDA of $1.220-1.240 billion. The quarter saw WWE revenue increase by $274.7 million to $326.3 million, while UFC revenue decreased by $42.6 million to $354.9 million. The company announced a $2.0 billion share repurchase program and quarterly dividend payments starting March 2025.

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Endeavor Group Holdings (NYSE: EDR) has initiated a review and potential sale of certain events within its IMG portfolio, including the Miami Open, Madrid Open tennis tournaments, and Frieze, the world's leading modern and contemporary art platform. This review follows Silver Lake's April 2024 agreement to take Endeavor private, which includes provisions for selling certain businesses, excluding TKO Group Holdings and WME. The company has retained The Raine Group to assist with the exploratory process, though no definitive timetable has been set.

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TKO Group Holdings announced two major initiatives: a capital return program and a strategic acquisition. The board authorized a $2.0 billion share repurchase program and initiated a $75.0 million quarterly cash dividend program. Additionally, TKO reached a $3.25 billion all-equity agreement to acquire Professional Bull Riders (PBR), On Location, and IMG from Endeavor. The transaction will result in Endeavor owning approximately 59% of TKO, with existing shareholders retaining 41%. The acquisition aims to expand TKO's presence in premium sports and enhance revenue streams across media rights, live events, and brand partnerships. The transaction is expected to close in the first half of 2025.

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Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, has announced that it will release its third quarter 2024 financial results before market hours on Thursday, November 7, 2024. The company noted that following the previously announced definitive agreement for Endeavor to be acquired by Silver Lake, there will not be an earnings conference call.

Investors and interested parties can access the earnings release and any accompanying presentation materials through Endeavor's investor relations website at investor.endeavorco.com. This announcement provides shareholders and analysts with the expected date for the company's financial disclosure, while also confirming the change in typical earnings reporting procedures due to the pending acquisition.

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FAQ

What is the current stock price of TKO Group Holdings (TKO)?

The current stock price of TKO Group Holdings (TKO) is $138.08 as of December 4, 2024.

What is the market cap of TKO Group Holdings (TKO)?

The market cap of TKO Group Holdings (TKO) is approximately 11.2B.

What is TKO Group Holdings, Inc.?

TKO Group Holdings, Inc. is a premium sports and entertainment company comprising UFC and WWE.

What does UFC stand for?

UFC stands for Ultimate Fighting Championship, a leading mixed martial arts organization.

What is WWE?

WWE stands for World Wrestling Entertainment, an integrated media organization and leader in sports entertainment.

What are the core businesses of TKO Group Holdings?

The core businesses include organizing live sports events, creating digital content, and delivering multimedia entertainment.

How does TKO Group Holdings generate revenue?

Revenue is generated through live events, digital content, media rights, merchandise sales, and strategic partnerships.

What recent achievements has TKO Group Holdings made?

Recent achievements include strategic partnerships, groundbreaking events, and enhanced digital engagement.

What are the current projects of TKO Group Holdings?

Current projects focus on expanding digital footprint, optimizing live event experiences, and exploring new market opportunities.

How is TKO Group Holdings performing financially?

The company maintains a solid financial condition with strong revenue streams and a robust balance sheet.

What is the significance of TKO Group Holdings in the industry?

TKO Group Holdings is a key player in the global entertainment market, known for its innovative approach and extensive fan engagement.

What is the future outlook for TKO Group Holdings?

The company is poised for continued success and market leadership, with a focus on innovation, strategic growth, and delivering exceptional entertainment experiences.

TKO Group Holdings, Inc.

NYSE:TKO

TKO Rankings

TKO Stock Data

11.21B
69.32M
14.31%
94.21%
5.14%
Entertainment
Services-amusement & Recreation Services
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United States of America
NEW YORK