TKO (TKO)

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Taseko Mines workers ratify new contract ending strike at Gibraltar copper mine
Proactiveinvestors NA· 2024-06-19 15:53
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The ...
Taseko Mines: Labour Agreement Ratified at Gibraltar Mine
Prnewswire· 2024-06-19 12:00
President and CEO This document contains "forward-looking statements" that were based on Taseko's expectations, estimates and projections as of the dates as of which those statements were made. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "outlook", "anticipate", "project", "target", "believe", "estimate", "expect", "intend", "should" and similar expressions. Forward-looking statements are subject to known and unknown risks, uncertainties an ...
Taseko Announces Tentative Labour Agreement at Gibraltar Mine
Prnewswire· 2024-06-16 17:43
Core Points - Taseko Mines Limited has reached a tentative agreement with the unionized workforce at its Gibraltar Mine, pending ratification by union members, with voting expected on Monday and Tuesday [1] - If ratified, operations at the Gibraltar Mine are expected to resume on Wednesday [1] Company Summary - Taseko Mines Limited is listed on multiple exchanges including TSX, NYSE MKT, and LSE [1] - The company is primarily focused on mining operations, particularly at the Gibraltar Mine [1] Industry Context - The mining industry faces uncertainties related to market prices of copper and other metals, economic conditions, inflation, and demand for input costs [3] - The ongoing geopolitical situation, including the war in Ukraine, has created volatility in commodity markets and disrupted international trade [3] - The impact of COVID-19 continues to affect operations, supply chains, and economic conditions, particularly in relation to the demand for copper [3]
TKO (TKO) - 2024 Q1 - Earnings Call Transcript
2024-05-11 21:29
Financial Data and Key Metrics Changes - For Q1 2024, TKO generated revenue of $630 million, a significant increase from $298 million in Q1 2023, reflecting a 6% growth year-over-year [11][13] - The net loss for the quarter was $250 million, primarily due to a $335 million charge related to a legal settlement [11][10] - Adjusted EBITDA was $282 million with a margin of 45%, up from $117 million and a 39% margin in the previous year [11][13] - Free cash flow for the quarter was $28 million, with capital expenditures of $32 million [15] Business Line Data and Key Metrics Changes - The UFC segment generated revenue of $313 million, a 2% increase from the previous year, with adjusted EBITDA rising 5% to $195 million [29] - WWE's revenue was $317 million with an adjusted EBITDA of $140 million, maintaining a 44% margin [160] - Media rights and content revenue for TKO decreased by 4% to $215 million, attributed to one less numbered event [12] Market Data and Key Metrics Changes - WrestleMania 40 set a WWE gate record with 145,000 fans over two days, indicating strong market demand [5] - UFC 300 became one of the highest-grossing events in UFC history, showcasing the brand's market strength [5] - The company secured a short-term agreement with USA Network to extend RAW through Q4 2024, indicating ongoing media rights negotiations [8] Company Strategy and Development Direction - TKO is focused on integrating UFC and WWE operations to realize revenue and cost synergies [9] - The company aims to explore M&A opportunities selectively, particularly in premium sports content and live events [34][62] - TKO raised its full-year 2024 guidance for revenue and adjusted EBITDA, targeting revenue of $2.61 billion to $2.685 billion [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strong performance of both UFC and WWE, citing record attendance and revenue growth [22][138] - The company anticipates continued strength in live events and brand partnerships, particularly with the upcoming UFC events [6][35] - Management highlighted the importance of site fees and partnerships with local governments to maximize revenue opportunities [115][128] Other Important Information - The company settled all claims in UFC antitrust lawsuits, which is expected to have no adverse impact on existing business operations [10][152] - TKO ended the quarter with $2.752 billion in debt and $246 million in cash, indicating a focus on financial capacity and shareholder value [16] Q&A Session Summary Question: How does the NBA deal impact TKO's future? - Management noted that TKO is off to a solid start in 2024, with strong performance across both UFC and WWE, and emphasized the positive outlook for media rights renewals [21][22] Question: What is TKO's strategy regarding media rights? - Management stated they are open to discussions but are not looking to reduce commitments, focusing on maximizing value for UFC [51][53] Question: How does TKO view potential acquisitions? - Management expressed interest in exploring M&A opportunities selectively, particularly in premium sports content, while maintaining a disciplined approach [60][62] Question: What are the expectations for events in Saudi Arabia? - Management confirmed a strong relationship with the Kingdom and indicated plans for additional events, emphasizing the importance of site fees [64][66] Question: How does TKO plan to manage its capital structure? - Management highlighted the intention to generate significant free cash flow and consider various opportunities to enhance shareholder value, including share repurchases and dividends [16][42]
TKO (TKO) - 2024 Q1 - Quarterly Report
2024-05-08 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________ FORM 10-Q ____________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41797 TKO GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter ...
TKO (TKO) - 2023 Q4 - Earnings Call Transcript
2024-02-28 02:40
TKO Group Holdings, Inc. (NYSE:TKO) Q4 2023 Earnings Conference Call February 27, 2024 5:00 PM ET Company Participants Seth Zaslow - Head of Investor Relations Ariel Emanuel - Executive Chair and Chief Executive Officer Andrew Schleimer - Chief Financial Officer Mark Shapiro - President and Chief Operating Officer Nick Khan - President of WWE Conference Call Participants Ben Swinburne - Morgan Stanley Brandon Ross - LightShed Partners Eric Handler - Roth MKM David Karnovsky - JP Morgan Peter Supino - Wolfe ...
TKO (TKO) - 2023 Q4 - Annual Report
2024-02-27 21:39
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Delaware 92-3569035 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) WASHINGTON, D.C. 20549 ___________________________________________________________________ ___________________________________________________________________ FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 O ...
TKO (TKO) - 2023 Q3 - Quarterly Report
2023-11-07 21:16
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ____________________ FORM 10-Q ____________________ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______ Commission File Number: 001-41797 TKO GROUP HOLDINGS, INC. (Exact name of registrant as specified in its cha ...