TKO Smashes Wall Street Revenue Expectations, Raises Guidance as UFC Settlement Hits Profits ...Middle East

Bloomberg News Today - News
TKO Smashes Wall Street Revenue Expectations, Raises Guidance as UFC Settlement Hits Profits
TKO Group Holdings beat Wall Street revenue expectations to a pulp in its first quarter 2024 earnings report Wednesday, though a $335 million UFC fighter pay settlement pushed the company from a profit to a loss in the quarter. The company also cut a new WWE distribution deal, albeit a relatively minor one: Raw, which will move to Netflix in January 2025, will continue to run on USA Network through the end of this year. USA’s current deal for Raw was set to expire at the end of September. TKO says it is receiving $25 million for the program during the three month window. The Endeavor-controlled company, which owns the UFC and WWE, reported revenue of $629.7 million, with a net loss o

Hence then, the article about tko smashes wall street revenue expectations raises guidance as ufc settlement hits profits was published today ( ) and is available on Bloomberg News Today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( TKO Smashes Wall Street Revenue Expectations, Raises Guidance as UFC Settlement Hits Profits )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News