TKO Group Holdings Q1 2024 Earnings Call - WWE, UFC Antitrust Lawsuit

Live TKO Group Q1 2024 Earnings Call with Ari Emanuel. ✅Subscribe: http://www.youtube.com/TheSportsCourier?sub_confirmation=1

✅Buy TSC Merch here! https://teespring.com/stores/tsc-news-store-2

Follow TSC News:
✅Facebook: http://www.facebook.com/TheSportsCourier
✅Twitter: http://www.twitter.com/SportsCourier
✅Instagram: http://www.instagram/TSCNews

Subscribe to The Sports Courier Podcast hosted by Fred Richani:
✅Podbean: http://fredrichani.podbean.com/
✅SoundCloud: https://soundcloud.com/TSCNews
✅Spotify: https://open.spotify.com/show/7Jq8Box0lxO2ddLBpkEn4M
✅Apple Podcasts: https://itunes.apple.com/us/podcast/tsc-news-the-sports-courier/id1061475388?mt=2
✅Google Podcasts: https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zb3VuZGNsb3VkLmNvbS91c2Vycy9zb3VuZGNsb3VkOnVzZXJzOjE1MDQ0MjY0NC9zb3VuZHMucnNz

✅Visit our Humble Bundle Store for great game deals! https://www.humblebundle.com/store?partner=tscgaming

✅As seen on Manhattan Neighborhood Network cable TV (MNN 2): https://www.mnn.org/watch/programs/tsc-news-0

About This Sports Courier Combat Sports Video: TKO Group Holdings discusses its first quarter 2024 results with shareholders, including record WWE and UFC revenue, settling the antitrust lawsuit with former Ultimate Fighting Championship MMA fighters, the upcoming Netflix partnership, WrestleMania 41 in Las Vegas in 2025, the success Royal Rumble and Elimination Chamber under Paul "Triple H" Levesque's creative direction, and much more! Audio courtesy of and provided by TKO Group Holdings.

First Quarter 2024 Operational Highlights and Recent Developments via TKO Group Holdings press release:

• UFC held 11 events, including five with live audiences, that consistently delivered strong viewership and attendance and set several all-time records for gross revenue at the respective arenas

• In April, UFC 300 was one of the most successful and highest-grossing events in UFC history with a gate of $16.5 million and attendance of 20,067 at T-Mobile Arena in Las Vegas

• WWE held 47 events, including two premium live events. Each WWE premium live event (Royal Rumble and Elimination Chamber) delivered all-time records for gross revenue and viewership for the respective event • WWE entered into a long-term media rights agreement with Netflix for Raw beginning in January 2025; subsequently, WWE entered into a $25 million domestic media rights agreement with NBCUniversal for Raw to remain on USA Network for the fourth quarter of 2024

• In April, WrestleMania XL was held at Lincoln Financial Field in Philadelphia over two consecutive nights in front of a combined 145,298 fans. WrestleMania XL was the highest-grossing event in WWE history, increasing 78% as compared to the previous record set at WrestleMania 39. Prime Hydration, the exclusive “Official Hydration Drink Partner” of WWE, became the first partner to ever appear on the center of the WWE ring

• TKO reached an agreement to settle all claims asserted in both UFC antitrust lawsuits for an aggregate amount of $335 million. The settlement is payable in installments and is anticipated to be deductible for tax purposes

First-Quarter Consolidated Results Revenue increased 105%, or $323.0 million, to $629.7 million. The increase reflected an increase of $6.3 million at UFC, to $313.0 million, and the contribution of $316.7 million of revenue at WWE.

Net Loss was $249.5 million, a decrease of $337.4 million from net income of $87.9 million in the prior year period. The decrease reflected an increase in operating expenses partially offset by the increase in revenue. The increase in operating expenses primarily reflected an increase in selling, general and administrative expenses of $475.6 million, an increase in direct operating costs of $111.8 million, and an increase in depreciation and amortization of $91.9 million. The increase in selling, general and administrative expenses included a legal settlement of $335.0 million related to a UFC antitrust matter.

Full Disclosure: This post includes affiliate links, which provide us a small commission in order to support our YouTube channel, allowing us to continue to create content for all of you. Thanks so much for your support!

Disclaimer: We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.

#TKOGroup #WWENews #TSCNews #FredRichani #TheSportsCourier #SportsCourier #TSC #Richani #AriEmanuel #TKOGroupHoldings #TKOGroup #markshapiro #endeavor #wwestock #ufcnews #mmanews #pressconference #conferencecall #mediacall #earningscall

Видео TKO Group Holdings Q1 2024 Earnings Call - WWE, UFC Antitrust Lawsuit канала The Sports Courier - TSC News