Record Results and Strategic Acquisitions
TKO reported record third quarter performance, expecting to reach the upper end of full year guidance for both revenue and adjusted EBITDA. Additionally, TKO announced acquisitions of Professional Bull Riders, On Location, and IMG, reinforcing their commitment to long-term shareholder value and strengthening their global position in sports rights and hospitality.
Strong Performance in Live Events
UFC and WWE events set multiple records, including UFC 306 in Las Vegas being the highest grossing live event in UFC history. WWE held 18 shows outside the U.S., setting numerous market records and achieving significant revenue growth from live events.
Significant Growth in Sponsorship Revenue
Sponsorship revenue for UFC increased by 16% and for WWE by 54%, driven by new partnerships and renewals, and strategic initiatives implemented after the formation of TKO.
Positive Adjusted EBITDA Growth
Despite a 1% decrease in revenue, adjusted EBITDA for the quarter increased by 4%, with WWE's adjusted EBITDA increasing by 72% due to efficient cost management and strategic growth in high-margin revenue streams.