TKO has raised its full-year guidance on the momentum generated by its big-bucks new deals with Paramount and ESPN for rights to UFC and WWE events.

The parent company of the MMA league and wrestling franchise had a mixed third quarter with revenue down on tough year-over-year comps from last year’s Summer Olympic Games in Paris. UFC also held one less pay-per-view event and no presence at Las Vegas’ Sphere, compared to the year-ago frame. At the same time, costs were down significantly so that improved the adjusted earnings before interest, taxes, depreciation and amortization and net income were both up, powered by gains for WWE and IMG.

“TKO delivered solid third quarter financial results, and with UFC and WWE’s sustained momentum, we are once again raising our full-year guidance

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