TKO Group raises FY25 revenue view to $3.005B-$3.075B, consensus $4.53B

Previous view $2.93B-$3B. In February, the Company issued revenue and Adjusted EBITDA guidance of $2.930 billion to $3.000 billion and $1.350 billion to $1.390 billion, respectively, for the full year 2025. These amounts reflected the expected performance for the Company’s existing business, consisting of UFC, WWE and Corporate, including twelve months of management fees paid by the Company to Endeavor under a services agreement. Based on strong performance at UFC and WWE through the first three months of the year and our anticipated performance for the remainder of the year, the Company is raising its guidance, excluding the expected impact from the Acquired Businesses, and is now targeting full year 2025 revenue of $3.005 billion to $3.075 billion and Adjusted EBITDA of $1.390 billion to $1.430 billion.