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Endeavor-controlled ring sports giant TKO Group Holdings reported $614 million in revenue in the fourth quarter, along with a slight dip in UFC profits.
It was the first batch of full quarterly operating results for the WWE and UFC parent company and followed a burst of news in January. Within the same week, TKO welcomed Dwayne Johnson to its board of directors, signed a $5 billion rights deal with Netflix and confirmed the exit of longtime WWE patriarch Vince McMahon after a graphic sexual abuse lawsuit was filed by a former employee.
Adjusted EBITDA at UFC declined to $142.9 million from $154.1 million in the year-ago period, according to the company’s earnings release, which largely focused on full-year results rather than the quarter.
TKO went public last September. It was formed when Endeavor bought WWE from McMahon and spun it out, along wth UFC into a separate public company, of which McMahon is still a major shareholder.
MacMahon called the suit by Janel Grant “replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth” and said, “I intend to vigorously defend myself against these baseless accusations, and look forward to clearing my name.”
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