Welcome to our dedicated page for TKO Group news (Ticker: TKO), a resource for investors and traders seeking the latest updates and insights on TKO Group stock.
TKO Group Holdings (TKO) drives innovation in sports entertainment through its UFC and WWE brands, blending live events with cutting-edge technology. This page serves as the definitive source for corporate updates, offering investors and industry professionals timely access to official announcements and strategic developments.
Track key business activities including media rights negotiations, global partnership expansions, and live event programming updates. Our curated news collection covers earnings disclosures, brand licensing agreements, and operational milestones that shape TKO's position in combat sports and entertainment.
Discover updates on technology integrations like UFC's AI-driven analytics partnerships and WWE's digital content strategies. The archive maintains focus on factual reporting of sponsorship developments, venue expansions, and consumer product initiatives without speculative commentary.
Bookmark this resource for streamlined access to TKO's evolving business narrative. Check regularly for updates on how the company leverages its UFC and WWE intellectual properties across broadcasting, digital platforms, and international markets.
TKO Group Holdings reported record second-quarter 2024 financial results with revenue rising 179% to $851.2M, and net income increasing to $150.7M. Adjusted EBITDA also hit a record $420.9M. The company raised its full-year 2024 guidance for revenue to $2.670B-$2.745B and Adjusted EBITDA to $1.220B-$1.240B.
The increase in revenue was driven by higher contributions from both UFC and WWE, with UFC reporting a 29% increase to $394.4M, and WWE contributing $456.8M.
However, operating expenses also rose significantly, with direct operating costs up by $177M, SG&A expenses up by $169.1M, and depreciation and amortization up by $88.8M. TKO's gross debt stood at $2.744B, with cash and cash equivalents at $277.5M.
Additionally, TKO repurchased 1.9M shares for $165M in Q2 2024.
Aires Tech and WWE, part of TKO Group Holdings (NYSE: TKO), have announced a multi-year global marketing partnership. The collaboration aims to educate fans about electromagnetic frequency (EMF) protection and support WWE Superstars in enhancing their performance and recovery. Aires Tech will be featured across WWE properties, including 'WWE NOW' and 'Celtic Warrior Workouts' on Sheamus's YouTube channel.
The partnership, effective from June 11 through the end of 2025, will be visible at WWE SummerSlam on August 3. This agreement follows Aires Tech's partnership with UFC earlier this year. Aires Tech's CEO, Josh Bruni, emphasized the importance of raising awareness about EMF's potential health effects. The company has also partnered with Canada Basketball and individual athletes as part of their #AiresAthletes campaign.
Bojangles, the Carolina-born restaurant chain, announces the return of its BBQ Pulled Pork Sandwich for a time. In partnership with WWE, Bojangles is offering exclusive collectible cups featuring legendary WWE Tag Teams with the purchase of a WWE Sandwich Combo throughout July.
The promotion includes four designs showcasing The Brothers of Destruction, The Outsiders, The Hart Foundation, and The Dudley Boyz. The WWE sandwich lineup also features the Bo's Chicken Sandwich and Grilled Chicken Sandwich. Bojangles is also offering a -time Peach Cobbler dessert to complement the meal.
Endeavor Group Holdings (NYSE: EDR) will release its Q2 2024 financial results on August 8, 2024, before market hours.
Due to an ongoing acquisition by Silver Lake, the company will not hold an earnings conference call.
Investors can access the earnings release and presentation materials on Endeavor’s investor relations website.
TKO Group Holdings, a premier sports and entertainment company, will disclose its second quarter 2024 financial results on August 8, 2024, prior to market opening. A live teleconference is scheduled at 8 a.m. ET / 5 a.m. PT the same day to discuss these results and provide a business update. Investors can access the earnings release, live call, and supporting materials on TKO’s investor relations website. The teleconference can be accessed via phone using conference ID: 736461. A recording will be available on the IR site shortly after the call and will remain accessible for at least 30 days.
EverPass Media has announced the acquisition of UPshow, enhancing its commercial media platform with streaming and performance marketing solutions. This move accelerates EverPass' business model, incorporating interactive and data analytics features. TKO Group Holdings has made a strategic investment, with President Mark Shapiro joining the EverPass Board. The acquisition allows commercial businesses to stream NFL Sunday Ticket starting in the 2024 NFL season. The combined platform will offer flexible and customized content management, real-time engagement, and new ad revenue opportunities, positioning EverPass to lead in commercial entertainment and marketing.
UFC has announced Riyadh Season as the title partner for UFC 306, rebranded as Riyadh Season Noche UFC, set to take place at Sphere in Las Vegas on September 14, 2024. This event marks the first time UFC has provided a sponsor with title partner status. Riyadh Season Noche UFC will be the first sports event at the cutting-edge Sphere venue, celebrated on Mexican Independence Day, honoring Mexican fighters' contributions to combat sports. The Sphere features advanced technologies, including the world's highest resolution LED display and Sphere Immersive Sound system. UFC President Dana White highlighted the event’s significance, promising an unparalleled fan experience. The event will feature extensive Riyadh Season branding and integrations across broadcasts and promotional materials, reaching millions globally.
Stancé, a designer art toy company, has announced a global partnership with UFC to create -edition collectible toys featuring UFC fighters. The first release will include a Conor McGregor collectible, designed by Tracy Tubera, debuting at UFC X during the UFC® 303: PEREIRA vs. PROCHAZKA 2 event in Las Vegas on June 29. The collectible will come in four variants, including a -edition with Venum shorts and three rare editions. Pre-orders start on June 28. Each piece includes a signed illustration, official UFC coding and certification, and premium packaging.
Endeavor Group Holdings (NYSE: EDR), a global sports and entertainment company, has announced a quarterly cash dividend of approximately $27 million.
Class A common stockholders will receive $0.06 per share, with the dividend payable on June 28, 2024, to those on record as of June 14, 2024.
Future dividends will be determined by Endeavor's board based on various factors, including financial performance and market conditions.
The declaration aligns with the merger agreement with Silver Lake, requiring quarterly dividends of $0.06 per share before closing.
TKO Group Holdings announced the merger of the UFC and WWE Live Events teams into a single unit, called the TKO Live Events Strategy Team. This strategic move aims to drive revenue growth through live event development, ticketing, and fan experiences. Peter Dropick, a key executive with extensive experience in UFC's live event success, will lead the new unit. The initiative aims to leverage the combined global popularity of UFC and WWE to maximize event revenue and operational efficiencies. Both UFC and WWE recorded strong attendance and revenue figures in Q1 2024, with UFC 297 in Toronto and WWE's Royal Rumble and Elimination Chamber setting multiple records. The integration is expected to boost TKO's growth both domestically and internationally by partnering with local governments and enhancing revenue opportunities from site fees.
