Variety
·entertainment
·1 hour ago
UFC’s New Pact With Paramount Skydance Lifts TKO’s Q1 Earnings
TKO's first-quarter revenue grew 26% to $1.6 billion, boosted by UFC's new seven-year, $7.7 billion licensing deal with Paramount that began this year. Adjusted EBITDA climbed 32% to $549.8 million, with UFC contributing a $51.2 million increase. TKO reaffirmed full-year guidance and authorized an additional $1 billion in stock buybacks.
Summary by Glance · Variety
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