TKO Posts $1.547 Billion Q2 Revenue as UFC White House Event Triggers $30 Million Loss
Updated
Updated · Yahoo Sports · Aug 4
TKO Posts $1.547 Billion Q2 Revenue as UFC White House Event Triggers $30 Million Loss
3 articles · Updated · Yahoo Sports · Aug 4
Summary
$1.547 billion in second-quarter revenue helped TKO generate $303.9 million in net income, up $54.1 million from the first quarter, even after a roughly $30 million hit from June's UFC Freedom 250 at the White House.
Higher athlete, production and other event costs tied to Freedom 250 drove the loss, though TKO said the event delivered valuable publicity and new Washington contacts.
UFC led the quarter's growth, with revenue rising $119.8 million to $535.7 million and adjusted EBITDA up 15% to $280.4 million; WWE revenue increased $64.7 million to $620.9 million.
WWE's live events and hospitality revenue fell because of lower WrestleMania 42 ticket sales in Las Vegas, which President Mark Shapiro described as part of an intentional strategy.
On competition, Shapiro said the newly combined MVP MMA-PFL could emerge as a stronger rival, but argued added competition has historically benefited UFC.