TKO Group Holdings beat Wall Street expectations in its first quarter earnings report, with the WWE‘s new media rights deal with Netflix, strong live event performance at UFC and WWE, and significant growth in partnerships at both brands helping the company set itself up for what it hopes will be a strong 2025.
The company reported revenues of $1.3 billion, with net income of $166 million and adjusted EBITDA of $417 million, all substantial improvements from a year ago. The company also raised its full year 2025 guidance to revenue of between $3.005 billion to $3.075 billion, from $2.930 billion to $3.000 billion, and adjusted EBITDA to $1.390 billion to $1.430 billion, from $1.350 billion to $1.390 billion, excluding the IMG businesses.
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It was also a notable quarter in that TKO completed its acquisition of IMG, PBR and On Location, which it
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