News TKO Holdings Inc. posts 2024 financials

[Only Here for Attachments]

TKO Reports Fourth Quarter and Full Year 2024 Results

TKO Transaction On September 12, 2023, Endeavor and WWE closed the transaction to combine UFC and WWE to form a new, publicly listed company, TKO Group Holdings, Inc. Reported results presented in this earnings release prior to September 12, 2023 reflect only UFC activity. Fourth Quarter 2024...

investor.tkogrp.com

Gross revenue: 2.8 billion
Net profit: 6.4 million (0.002%)

So is the narrative of "zomg record profits" officially dead? Also note that TKO Holdings includes UFC, WWE, and Professional Bull Riding.

 

[Mcnugget]

I don’t know

 

[oski]

This seems like more of a tribute to their accountants. But wouldn't cutting the entire women's roster surely boost the bottom line?

 

[WoozyFailGuy]

This seems like more of a tribute to their accountants. But wouldn't cutting the entire women's roster surely boost the bottom line?

Would be bad business-wise, they'd lose dozens of viewers.

 

[oski]

Would be bad business-wise, they'd lose dozens of viewers.

 

[Get To Da Choppa]

TKO Reports Fourth Quarter and Full Year 2024 Results

TKO Transaction On September 12, 2023, Endeavor and WWE closed the transaction to combine UFC and WWE to form a new, publicly listed company, TKO Group Holdings, Inc. Reported results presented in this earnings release prior to September 12, 2023 reflect only UFC activity. Fourth Quarter 2024...

investor.tkogrp.com

Gross revenue: 2.8 billion
Net profit: 6.4 million (0.002%)

So is the narrative of "zomg record profits" officially dead? Also note that TKO Holdings includes UFC, WWE, and Professional Bull Riding.

That could also mean they paid their executive a lot. Looks like it's gonna be a white Christmas in Vegas for Dana White and his family

 

[avenue94]

So is the narrative of "zomg record profits" officially dead? Also note that TKO Holdings includes UFC, WWE, and Professional Bull Riding.

Sounds like that disappearing margin is mostly due to more C Suite and support for the products, plus the lawsuit payments since the first came last year.

 

[Kowboy On Sherdog]

All thanks to this man

 

[Fedorgasm]

This seems like more of a tribute to their accountants. But wouldn't cutting the entire women's roster surely boost the bottom line?

Yes!!!

Make it happen, Dana!

 

[Neck&Neck]

Profit is probably all from PowerSlap

Ultimate Professional Fighting Bull Riding Championship would be pretty sweet

 

[Only Here for Attachments]

Profit is probably all from PowerSlap

Ultimate Professional Fighting Bull Riding Championship would be pretty sweet

I'd watch if Bodacious Bull comes back from retirement.

 

[TheMoa]

Sounds like that disappearing margin is mostly due to more C Suite and support for the products, plus the lawsuit payments since the first came last year.

Im not sure if it's the case, but some companies pay tons of dividends to shareholders.. it could be that too

btw, Can someone explain to a layman what EBITDA really is?

Adjusted EBITDA of $1.251 billion

The profitability measure employed by the Company in assessing operating performance, including that of its segments, is Adjusted EBITDA. The Company defines Adjusted EBITDA as net income, excluding income taxes, net interest expense, depreciation and amortization, equity-based compensation, merger and acquisition costs, certain legal costs, restructuring, severance and impairment charges, and certain other items when applicable. Adjusted EBITDA includes amortization expenses directly related to supporting the operations of the Company’s segments, including content production asset amortization.

 

[avenue94]

Im not sure if it's the case, but some companies pay tons of dividends to shareholders.. it could be that too

It's not that, dividends would/should be clearly mentioned, they don't go under SG&A (even though other compensation can)

btw, Can someone explain to a layman what EBITDA really is?

A stand-in for revenue, its just gross revenue before a lot of the standard business expenses like taxes or interest. The latter is very significant for TKO since they took out so many loans to fund acquisitions.

Adjusted EBITDA of $1.251 billion

This one depends on company to company, it can range from decently accurate to complete bullshit and the company is pretending it doesn't have to compensate employees on paper even though it will in practice. In a lot of extreme cases, you'll see profitability on adjusted ebitda despite bleeding money in real life.

 

[Lycandroid]

John Cena going heel should turn things around nothing to worry about.

 

[Hymen Crusher]

Saudi is buying them out in the next 2 years

 

[Only Here for Attachments]

Saudi is buying them out in the next 2 years

Dana Al-Wahid would love that

 

[Pechan]

was $6.4 million, a decrease of $169.3 million from $175.7 million in the prior year period. The decrease reflected the increase in revenue offset by an increase in operating expenses. The increase in operating expenses primarily reflected an increase in direct operating costs of $385.3 million, an increase in selling, general and administrative expenses of $679.6 million, and an increase in depreciation and amortization of $228.2 million. The increase in operating expenses primarily reflected the inclusion of twelve months of WWE activity in reported results in 2024 as well as settlement charges of $375.0 million related to the UFC antitrust lawsuit.

Don't know the details since I'm not a financial guy but this is not the norm, for whatever reason the WWE numbers are being counted as expenses, I guess its the cost of the shares to befome owner or some shit like that.

 

[PaddyO'malley]

Dana makin' moves

 

[aerius]

btw, Can someone explain to a layman what EBITDA really is?

It's basically Enron accounting, this is the number that corporations publicize (instead of the actual net income) when they're trying to boost their share values.

 

[khukurikoo]

Something fishy going on here. As the kids say, the math ain't mathin