WWE & UFC Parent TKO Group Sees Q3 Gains – One Year In “Our Conviction In This Business Is As Strong As Ever”- CEO Ari Emanuel

deadline.com:

Ari Emanuel’s TKO Group beat Wall Street estimates today with third quarter revenue for the WWE and UFC parent surging 52% to $681.2 million.

The sales reflect a jump of $274.7 million at WWE to $326.3 million, partly offset by a $42.6-million dip at UFC — to $354.9 million.

Profit rose by $35.7 million to $57.7 million vs $22 million in the year-earlier September quarter. Free cash flow, a key metric for Wall Street, rose to about $226 million, from $63.6 million.

These are the latest set media of earnings after an election pause. Execs will discuss the numbers on a 5 pm et call. Dissecting revenue, a dip in media rights and content revenue — related to holding one less numbered event and two fewer Fight Night events — was offset by higher sponsorship revenue from new sponsors and an increase in fees from renewals vs the year ago, including the first ever title partner sale made in connection with UFC 306.