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

First publishedAug 3, 20:09 UTC

Last updatedAug 3, 22:34 UTC · 4m ago

120:09–20:14 UTC1 outletVariety

20:0920:4621:2221:5822:34

Variety6TKO Raises Investor Guidance Again as UFC and WWE Flex Muscle With Fans and MarketersAug 3, 20:09 UTCOpen ↗

1 outlets over time — hover a bar for its window & outletslast updated

● Story signals

How strong is this topic?

5.9/10Significanceimpact & urgency

6.0/10Source trustoutlet authority

1Outletsindependent sources

Significance weighs impact, urgency & coverage breadth · Source trust is the outlets' average authority · more outlets means a more confirmed story.

Reported by 1 outlet — Variety. See all sources ↓

Company beats the Street's expectations on revenue, earnings and sees gains in margin 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. “Despite a challenging global environment, TKO delivered solid results in Q2, with strong momentumheading into the back half of the year,” said Ariel Emanuel, executive chair and CEO of TKO.

Read the full report at Variety ↗

• Coverage card1 outlet

  1Coverage

  

  Outlet lineup

  Scouting report

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

  Sources1

  TypeCoverage

  VarietyAug 3, 20:09

• Variety6↗