TKO Reports Q2 Revenue $1.3B, Raises 2025 Guidance After IMG, PBR Acquisitions

TKO Group Holdings, Inc. reported strong financial results for its second quarter ended June 30, 2025, driven by record performances from UFC and WWE, and the recent acquisition of IMG, On Location, and Professional Bull Riders. The company generated $1.308 billion in revenue, $273.1 million in net income, and $526.5 million in adjusted EBITDA for the quarter, representing significant increases from the prior year. WWE's media rights, live events, sponsorship, and consumer products all contributed robustly to the revenue. Following these results and the strategic acquisition, TKO raised its full-year revenue guidance to $4.630 billion to $4.690 billion and its adjusted EBITDA guidance to $1.540 billion to $1.560 billion. Additionally, WWE entered a new five-year agreement with ESPN to stream its premium live events on ESPN's direct-to-consumer service, bolstering its media presence. TKO's leadership emphasized that their focus on live content and experiences aligns well with the growing demand in the sports event marketplace, supporting the optimistic outlook for the remainder of 2025.