TKO Group Holdingsposted better-than-anticipated revenue but saw a March antitrust settlement withUFCfighters squeeze its bottom line.
The company, formed through the merger ofWWEand UFC last September, is run byEndeavorGroup Holdings.
Endeavor did not conduct anearningscall after the release of its fourth quarter results in February.
The New York Stock Exchange during the TKO Group Holdings' listing on September 12, 2023.Michelle Farsi/Zuffa LLC
It is scheduled to report new quarterly numbers on Thursday.
Because of the timing of the merger, results in the quarterly report reflect the operations only of UFC.
The company noted a $335 million settlement of antitrust claims filed by UFC fighters during the quarter.
The settlement, announced in March, is payable in installments, per the earnings release.
TKO raised its full-year guidance for revenue and adjusted EBITDA.
In the earnings release, Emanuel pointed to the UFC settlements and the raised guidance.
