wrestling / News
TKO Announces Second Quarter Earnings: $1.308 Billion Revenue, $273 Million Net Income
Image Credit: TKO Group Holdings
TKO has announced their earnings results for the second quarter of 2025 with $1.308 billion in total revenue and a $273.1 million net income. The company announced the financial results for the quarter on Wednesday, which includes $556.2 million in revenue from WWE and $415.9 million from the UFC.
The company raised their guidance for the full 2025 year, much as they did with the first quarter results. The company’s adjusted EBITDA2 was $526.5 million and they have raised their target revenue from $4.630 billion to $4.690 billion.
Revenue was announced as increasing by 10% and was reflected as an increase at UFC of $21.5 million and $99.4 million at WWE. Cash flows generated by operating activities were $396.2 million.
TKO generated strong financial results in the quarter, led by record performance at both UFC and WWE,” said TKO Executive Chair and CEO Ariel Emanuel. “Our live content and experiences are proving a key differentiator for organizations and brands looking to capture audience, and our strategy is tailor made for today’s experience economy and the white-hot sports event marketplace. Given the continued momentum across our portfolio and our overall business outlook, we are raising our guidance for the full year.”
The announcement comes on the same day that TKO announced their new deal for WWE’s PPVs, which will air on ESPN’s streaming service starting in 2026.
Mark Shapiro said in the earnings announcement, “For much of the past 45 years, ESPN has been the institution of record in the world of sports,” said Mark Shapiro, President and COO, TKO. “We are proud WWE will now take a prominent seat at its table during such a transformational juncture. As we look to the second half of 2025, we remain focused on delivering the next UFC domestic media rights deal, integrating industry leaders IMG, On Location, and PBR fully into TKO, and executing on our capital return initiatives.”
You can see the full press release at the link above.
