TKO Group Holdings, Inc. - $TKO STOCK NEWS

TKO Group Holdings announced the merger of the UFC and WWE Live Events teams into a single unit, called the TKO Live Events Strategy Team. This strategic move aims to drive revenue growth through live event development, ticketing, and fan experiences. Peter Dropick, a key executive with extensive experience in UFC's live event success, will lead the new unit. The initiative aims to leverage the combined global popularity of UFC and WWE to maximize event revenue and operational efficiencies. Both UFC and WWE recorded strong attendance and revenue figures in Q1 2024, with UFC 297 in Toronto and WWE's Royal Rumble and Elimination Chamber setting multiple records. The integration is expected to boost TKO's growth both domestically and internationally by partnering with local governments and enhancing revenue opportunities from site fees.

Endeavor Group Holdings, Inc. (NYSE: EDR) released its first-quarter 2024 financial results, showing $1.850 billion in revenue, $303.5 million net loss, and $374.1 million Adjusted EBITDA. The company highlighted revenue growth across Owned Sports Properties, event success at TKO Group Holdings, and Professional Bull Riders. They also announced a definitive agreement to be acquired by Silver Lake. Segment operating results showed revenue increases in Owned Sports Properties and decreases in Events, Experiences & Rights, Representation, and Sports Data & Technology segments.

TKO Group Holdings, Inc. reported strong financial results for the first quarter of 2024, with revenue of $629.7 million and a net loss of $249.5 million. The company increased its full-year 2024 revenue and Adjusted EBITDA guidance to $2.610-$2.685 billion and $1.185-$1.205 billion, respectively. TKO settled all claims related to UFC antitrust lawsuits for $335 million. Operational highlights include record-setting live events for UFC and WWE, as well as new media rights agreements.

Las Vegas will host WrestleMania 41 at Allegiant Stadium on April 19 & 20, 2025, with WWE President and Las Vegas Convention and Visitors Authority CEO expressing excitement. WrestleMania XL was a huge success, drawing over 145,000 fans, with more than $200 million in economic impact for host cities. Exclusive Priority Passes for WrestleMania 41 will be available soon.

TKO Group Holdings, a premium sports and entertainment company, will have its President and COO, Mark Shapiro, participate in the J.P. Morgan Technology, Media, and Communications Conference on May 20, 2024. The event will take place in Boston, MA, and a live session link and replay will be available on the company's investor relations website.

UFC 300: PEREIRA vs. HILL was a highly successful event, breaking numerous records and achieving significant milestones in terms of gate revenue, attendance, viewership, merchandise sales, global partnerships, commercial pay-per-view results, and social media engagement.

TKO Group Holdings, Inc. will announce its first quarter 2024 results on May 8, 2024, followed by a live teleconference to discuss the results and provide a business update.

Endeavor Group Holdings, Inc. (NYSE: EDR) will release its first quarter 2024 results and will not host an earnings conference call due to the recent acquisition agreement with Silver Lake.

WWE, part of TKO Group Holdings (NYSE: TKO), announced that WrestleMania XL in Philadelphia shattered all-time records in gate attendance, viewership, merchandise sales, fan event attendance, and social media views. The event broke the previous gate record by 78%, with 145,298 attendees over two nights. Viewership was up 41% from the previous year, and merchandise sales increased by over 20%. WrestleMania XL also featured the first ring mat sponsorship and became the most socially viewed WrestleMania ever.