TKO Group Holdings, the parent company of UFC and WWE, has once again increased its financial guidance, largely propelled by the exceptional performance of the UFC during the third quarter. The mixed martial arts organization reported a significant 60% year-over-year revenue increase, reaching $519.2 million from July to September, fueled by a series of sold-out events.
This surge in UFC's performance helped TKO surpass Wall Street's earnings expectations, with total revenue for the quarter reaching $1.36 billion. While the WWE experienced a slight slowdown, the overall strength of the UFC's live events and other key metrics demonstrated robust growth for the parent company. TKO anticipates continued success, also citing the upcoming FIFA World Cup as a positive factor for its On Location business.
TKO Group Raises Financial Outlook as UFC Drives Strong Third Quarter Earnings
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Sources
- TKO reports $1.36 billion in Q3 revenue, with UFC alone pulling in $519.2 million from July to September — Yahoo Sports,
- UFC’s Event Sellout Spree Powers TKO Q3 Earnings — Variety,
- TKO Raises Guidance Again As UFC Powers Q3 Earnings — The Hollywood Reporter,
- Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts — Deadline,