Overview
- TKO, which reported results Wednesday, logged $1.597 billion in revenue, $249.8 million in net income, and $549.8 million in adjusted EBITDA for Q1 while returning about $1 billion to equity holders and approving an extra $1 billion in share repurchases.
- UFC revenue rose 12% to $401.2 million after the new seven‑year, $7.7 billion Paramount agreement began in January, adding about $51.2 million in media‑rights fees despite fewer Fight Night events.
- WWE revenue climbed 22% to $475.7 million on higher Netflix and ESPN rights and larger site fees for live events such as the Royal Rumble in Saudi Arabia, lifting adjusted EBITDA to $256.1 million, and an SEC filing the same day detailed a new contract for WWE president Nick Khan through 2030 as separate media reports said some wrestlers were asked to take pay cuts not confirmed by TKO.
- IMG, which includes On Location hospitality, increased revenue 38% to $655.4 million on work tied to the Milano Cortina 2026 Winter Olympics.
- Management reaffirmed full‑year targets for $5.675 billion to $5.775 billion in revenue and $2.240 billion to $2.290 billion in adjusted EBITDA, pointing to June’s UFC Freedom 250 at the White House and FIFA World Cup hospitality as near‑term growth drivers.