WWE Extends ‘Raw’ Rights Deal With NBCUniversal Through Q4; TKO Posts Solid Q1 Results and Raises Full-Year Financial Guidance
variety.comCynthia Littleton Business Editor TKO, the parent company of UFC and WWE, is on the upswing, delivering solid Q1 results and enough momentum for both franchises that the company opted to boost its full-year revenue and earnings guidance for Wall Street.
TKO disclosed that it has reached a $25 million deal with NBCUniversal to allow WWE’s “Monday Night Raw” wrestling franchise to remain on USA Network through the end of this year.
In January, TKO struck a massive 10-year deal with Netflix to bring “Raw” and other WWE content to the streamer’s platform as of next year.
At the time, WWE’s pact with NBCU for “Raw” ran through the end of the third quarter. That forced TKO leaders to acknowledge on the company’s Q4 earnings call in February that “Raw” might not have a TV home for the last three months of this year and with that, no revenue coming in.
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