Financial PerformanceTKO reported 4Q23 revenue and Adj. EBITDA below Street expectations, and provided a 2024 revenue guide below Street estimates, which may put additional pressure on the stock.
Financial RisksTKO's stock is experiencing pressure due to a potential EDR transaction, a pending lawsuit with former UFC fighters, and significant share sales by WWE’s founder Vince McMahon.
Legal ChallengesIf UFC has to pay $1.6 billion to former fighters and fighter compensation doubles, this could lead to a $36 downside in TKO’s stock value.