Posted on 11/06/125 by Colin Vassallo
TKO Group Holdings, Inc. yesterday announced financial
results for its third quarter ended September 30, 2025.
“TKO delivered solid third quarter financial results, and
with UFC and WWE’s sustained momentum, we are once again
raising our full-year guidance,” said Ariel Emanuel,
Executive Chair and CEO of TKO. “Having secured landmark
multiyear media rights deals for UFC, WWE, and Zuffa Boxing,
our conviction in TKO has never been stronger. We remain
focused on operational execution, including preparing for
UFC’s launch with Paramount, further integrating and
unlocking synergies with IMG, On Location, and PBR, and
maximizing shareholder value.”
TKO revenue decreased 27%, or $420.8 million, to $1.120
billion. The decrease primarily reflected a decrease of
$29.7 million at UFC, to $325.2 million, an increase of
$75.8 million at WWE, to $402.1 million, and a decrease of
$492.4 million at IMG, to $336.7 million. The decrease at
the IMG segment was primarily attributable to revenue
recorded in the prior year period for the 2024 Paris
Olympics.
Net Income was $106.8 million, an increase of $103.4 million
from $3.4 million in the prior year period. The increase
primarily reflected a decrease in operating expenses
partially offset by the decrease in revenue. The decrease in
operating expenses reflected a decrease in direct operating
costs of $572.0 million, partially offset by an increase in
depreciation and amortization of $14.2 million. Selling,
general and administrative expenses were essentially flat.
The decrease in direct operating costs was primarily due to
expenses recorded in the prior year period at the IMG
segment for the 2024 Paris Olympics.
For WWE, revenue increased 23%, or $75.8 million, to $402.1
million primarily related to a $31.4 million increase in
live events and hospitality revenue, a $21.5 million
increase in media rights, production and content revenue,
and a $18.2 million increase in partnerships and marketing
revenue.
The increase in live events and hospitality revenue was
primarily due to higher ticket sales revenue as well as an
increase in site fees, most notably related to the first
ever two-night SummerSlam and Wrestlepalooza, the launch
event for the company’s new distribution agreement with
ESPN.
The increase in media rights, production and content revenue
was primarily related to higher rights fees for WWE’s
premium live events due to two additional nights of
programing as compared to the prior year period.
The increase in partnerships and marketing revenue was
primarily due to new partners and an increase in fees from
renewals compared to the prior year period.
The full press release is available at TKOGRP.com.