TKO Reports Record 2024 Earnings Despite UFC Settlement Costs

The WWE and UFC parent company projects significant growth in 2025 and prepares for major media rights negotiations.

TKO Group Holdings reported $2.804 billion in revenue for 2024, surpassing Wall Street expectations, but net income dropped to $6.4 million due to a $375 million UFC legal settlement.
UFC achieved a 22% year-over-year revenue increase in Q4, while WWE saw a 10% decline, attributed to the transition of 'Raw' from NBCUniversal to Netflix.
The company projects 2025 revenue to reach between $2.93 billion and $3 billion, excluding potential contributions from newly acquired businesses like IMG, On Location, and Professional Bull Riders.
Upcoming media rights negotiations for UFC and WWE's Premium Live Events are expected to significantly impact future revenue, with UFC's ESPN deal expiring in 2025.
TKO plans to integrate new acquisitions into its portfolio and expand live event offerings, including a multi-night 'TKO Takeover' in Kansas City this April.