The company reported Q3 2024 revenue of $681.2 million, net income of $57.7 million and Adjusted EBITDA of $310.0 million. It said revenue rose 52% and Adjusted EBITDA rose 29%.

1. 01

   The company reported Q3 2024 revenue of $681.2 million, net income of $57.7 million and Adjusted EBITDA of $310.0 million. It said revenue rose 52% and Adjusted EBITDA rose 29%.

2. 02

   The company said UFC revenue for Q3 2024 fell to $354.9 million, a decrease of $42.6 million, while WWE revenue rose to $326.3 million, an increase of $274.7 million. It attributed the UFC decline mainly to lower media rights and content revenue.

3. 03

   TKO said it expects full-year 2024 revenue and Adjusted EBITDA at the upper end of the ranges of $2.670 billion to $2.745 billion and $1.220 billion to $1.240 billion, respectively. It reaffirmed its target for Free Cash Flow Conversion of in excess of 40%.

4. 04

   TKO said it agreed to acquire Professional Bull Riders, On Location and IMG from Endeavor in an all-equity transaction valued at $3.25 billion. It also said its board authorized a share repurchase program of up to $2.0 billion of Class A common stock.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.