Overview
- Full-year 2025 revenue reached $4.73 billion with adjusted EBITDA of $1.58 billion, edging past the high end of guidance.
- Q4 revenue totaled $1.04 billion with adjusted EBITDA of $281.2 million, as UFC revenue rose 17% to $401.4 million and WWE grew 21% to $359.6 million; IMG declined 9% to $247.7 million and posted a small EBITDA loss.
- Management plans a new $1 billion share repurchase beginning in March 2026 and intends to continue paying its dividend.
- 2026 guidance calls for $5.675–$5.775 billion in revenue and $2.240–$2.290 billion in adjusted EBITDA, reflecting WWE rights deals with Netflix and Disney, a new UFC pact with Paramount, and expected gains at On Location from the Winter Olympics and FIFA World Cup.
- Executives cited durable demand across media, sponsorships, ticketing and merchandise, and highlighted the recent launch of Zuffa Boxing as a new growth avenue.