TKO Group Posts Record Numbers At WWE And UFC In Better-Than-Expected Q2 Report

Ari Emanuel-controlled sports conglomerate TKO Group Holdings rode the strong performance of its twin financial engines, the UFC and WWE, in the second quarter to beat analysts’ consensus expectations. Total revenue climbed 10% over the prior April-to-June period, reaching $1.3 billion, ahead of the Street outlook for $1.27 billion. Diluted earnings per share came in at $1.17, up from 72 cents in the year-earlier quarter and better than the $1.09 target established by analysts. Revenue at the WWE shot up $ ...