TKO said it reported revenue of $629.7 million, a net loss of $249.5 million, and Adjusted EBITDA of $282.2 million for the quarter ended March 31 of Q1 2024 (3 months). Revenue rose 105%, and the company attributed $6.3 million of the increase to UFC and the WWE contribution of $316.7 million.

1. 01

   TKO said it reported revenue of $629.7 million, a net loss of $249.5 million, and Adjusted EBITDA of $282.2 million for the quarter ended March 31 of Q1 2024 (3 months). Revenue rose 105%, and the company attributed $6.3 million of the increase to UFC and the WWE contribution of $316.7 million.

2. 02

   The company said it agreed to settle all claims in 2 UFC antitrust lawsuits for an aggregate amount of $335 million. The settlement is subject to court approval and is payable in three installments: a total of $200 million in 2024 and $135 million in 2025, it said.

3. 03

   TKO said it is raising its full-year revenue outlook to $2.610 billion to $2.685 billion and its Adjusted EBITDA outlook to $1.185 billion to $1.205 billion. It also said it revised its Free Cash Flow Conversion target from in excess of 50% to in excess of 40%.

4. 04

   TKO said net cash provided by operating activities for Q1 2024 was $59.3 million, down $10.4 million, and Free Cash Flow was $27.8 million, down $37.3 million. Cash and cash equivalents were $245.8 million as of March 31, and gross debt was $2.752 billion.

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.