TKO Group Holdings reported strong financial results for the second quarter ended June 30, 2025, with total revenue increasing 10% to $1.308 billion. Adjusted EBITDA saw a significant increase of 75% to $526.5 million, and net income reached $273.1 million, up from $46.2 million in the prior year period.
Segment performance was robust, with UFC revenue growing 5% to $415.9 million and WWE revenue increasing 22% to $556.2 million. This growth was primarily driven by strong live events, partnerships, and media rights, including the impact of WWE’s global content distribution agreement with Netflix.
Based on outperformance and anticipated continued momentum, TKO raised its full-year 2025 guidance. The company now expects revenue of $4.630 billion - $4.690 billion and Adjusted EBITDA of $1.540 billion - $1.560 billion, reflecting confidence in its integrated strategy.
Concurrently, ESPN and WWE announced a landmark five-year agreement for ESPN’s new direct-to-consumer offering to become the exclusive U.S. domestic home of all WWE Premium Live Events (PLEs), including WrestleMania, starting in 2026. This deal is valued at $325 million per year, securing a significant long-term revenue stream for WWE.
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