TKO earnings report and call notes: WWE revenue is up, new Raw developments in todays Wrestling news
WWE & UFC both saw a slight increase in revenue.
WWE’s first-quarter revenue reached $316.7 millions, a record high for the parent group TKO.
The numbers were released as part of TKO’s first quarter earnings release on Wednesday, followed immediately by a call for investors that begins at 5 PM Eastern.
This post will contain notes from the call as soon as it begins. Please refresh this page to see updated quotes and notes.
The WWE number represents a 6% increase year-over-year from the $297.6 in 2023, which was in the pre-TKO period. This is due to an increase both in live event and media rights revenue. This offsets a drop in consumer products revenue.
TKO revenue (which includes UFC) finished at $629.7 millions, an increase of 105% year-over-year. This number is inflated by the absence of WWE in the previous year.
The announcement that WWE Raw would remain on USA Network until the end of 2024, for $25 million, was the most interesting part of this afternoon’s release. Raw’s NBCUniversal deal ended at the end September. There was some confusion as to where the flagship show would air in the final quarter of the year, before it moves to Netflix.
TKO’s full year guidance increased from $2.61 billion to $2.685. This is based on a $25 million deal with the USA and their outperforming numbers for the first three months.
TKO earnings report and call notes: WWE revenue is up, new Raw developments in todays Wrestling news, Chatalong Chatbox, Results will be Hidden inside a spoiler Button so you will not bet spoiled about direct results.
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