TKO Group reports Q3 EPS (26c), consensus 54c

Reports Q3 revenue $449.1M vs $340.7M last year. “Since launching TKO on September 12th, our teams at WWE, UFC, and Endeavor have been focused on integration and executing our strategy,” said Ariel Emanuel, CEO of TKO. “This includes identifying cost synergies at the high end of the range we guided, bringing events to new international markets including Saudi Arabia and Australia, delivering media rights increases for WWE, and closing the largest global partnership deal ever for UFC with AB InBev. We remain bullish about TKO’s ability to accelerate growth and unlock long-term value for shareholders.”