Record-Breaking Revenue and Growth
TKO generated $1.308 billion in revenue, an increase of 10% year-over-year. Adjusted EBITDA was $526 million, an increase of 75%, with a margin expansion to 40% from 25% in the prior year period.
UFC and WWE Performance
Both UFC and WWE delivered record quarterly revenue and adjusted EBITDA. UFC revenue increased by 5% to $416 million, while WWE revenue increased by 22% to $556 million. WWE's Money in the Bank became the highest grossing WWE arena event of all time.
Strong Partnership Growth
UFC's partnerships and marketing revenue increased by 39% to $86 million, driven by new partnerships and renewals, including deals with Meta and Monster Energy. WWE saw a 136% increase in partnerships and marketing revenue to $58 million.
Positive Outlook and Guidance
Given strong performance, TKO raised its full-year 2025 guidance for revenue to $4.63 billion to $4.69 billion, and adjusted EBITDA to $1.54 billion to $1.56 billion.
WWE's Successful ESPN Deal
TKO announced a 5-year ESPN domestic media rights deal for WWE's premium live events, securing a recurring revenue stream. The deal is valued at $1.625 billion over the term, representing a significant step-up from the previous Peacock deal.
Boxing Initiative Progress
TKO announced plans for Zuffa Boxing JV with Saudi-based Sela, with no funding obligation for TKO. The JV will focus on promoting 2-3 super fights per year, including the Canelo Alvarez vs. Terence Crawford fight.