TKO Group saw third quarter revenue fall and profits rise, skewed by IMG’s Summer Olympic Games in Paris in 2024. UFC had a down quarter on tough comps. WWE posted gains.

Revenue for the three months ended in September fell 27% to $1.12 billion, including a $492 million (or 59%) drop at IMG, the live events and hospitality business, to $337 million.

UFC sales also fell, by about $30 million (or 8%) to $325 million, in part on one less numbered event year to year. Comps were tough against UFC 306, which was held at Sphere in Las Vegas the year before and was the highest-grossing event in UFC history. UFC profit fell 15% to $166 million.

TKO’s consolidated net income surged to $107 million from $3.4 million on lower operating expenses year on year at IMG, which swung to a $61.4 milli

See Full Page