TKO Raises Investor Guidance Again as UFC and WWE Flex Muscle With Fans and Marketers

Company beats the Street's expectations on revenue, earnings and sees gains in margin

By Cynthia Littleton

Cynthia Littleton

Business Editor

Latest

• TKO Raises Investor Guidance Again as UFC and WWE Flex Muscle With Fans and Marketers 51 minutes ago
• LISTEN: California Film Commissioner Colleen Bell Talks State Tax Incentive Battles and Hollywood’s Future: ‘These Are Jobs Programs’ 1 week ago
• Madison Wells Balances Art, Commerce and Audience Demands as Gigi Pritzker’s Banner Backs Movies, TV Shows, Live Events and More 1 week ago

TKO posted another strong quarter fueled by strong demand from fans and marketers for UFC and WWE events.

The parent company of the two leagues surpassed the Street’s expectations on revenue and adjusted earnings before interest, taxes, depreciation and amortization with its second quarter results released Monday. TKO raised its full-year revenue guidance by another $75 million while full-year adjusted EBITDA is projected to be up by $25 million.

Related Stories

Box Office: 'The Odyssey' Soars to $652 Million Globally After Two Weekends, Including $140 Million in Imax