TKO Q4 revenue rose 5% to $642.2 million; full-year net income fell to $6.4 million
TKO reported fourth-quarter 2024 revenue of $642.2 million, up 5%, and net income of $47.5 million, compared with a net loss of $16.1 million a year earlier. For the full year, revenue rose 67% to $2.804 billion and Adjusted EBITDA rose 55% to $1.251 billion, but net income fell to $6.4 million from $175.7 million, reflecting $375.0 million in settlement charges related to the UFC antitrust lawsuit. The company also gave 2025 targets of $2.930 billion to $3.000 billion in revenue and $1.350 billion to $1.390 billion in Adjusted EBITDA, excluding the pending IMG, On Location and Professional Bull Riders acquisition.
Key points
- Q4 2024 revenue was $642.2 million, up 5%; WWE revenue fell 10% to $298.3 million, mainly from the timing of the Raw transition.
- Full-year 2024 net income was $6.4 million, down from $175.7 million, after $401.1 million of litigation costs in 2024.
- 2025 targets: revenue of $2.930 billion to $3.000 billion and Adjusted EBITDA of $1.350 billion to $1.390 billion, excluding the Endeavor asset acquisition.
- A $2.0 billion share repurchase program is expected to begin in the second or third quarter of 2025, and the first quarterly dividend of about $75 million is set for March 31, 2025.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.