Endeavor-controlled ring sports giant TKO Group Holdings reported $614 million in revenue in the fourth quarter, with a slight dip in UFC profits. TKO is securing distribution for WWE Raw in Q4 of 2024 through USA and Netflix deals. Netflix will have international rights to WWE as they become available. Endeavor's Q4 2023 results were affected by write-offs, legal, and restructuring costs. Ari Emanuel mentioned that Endeavor is still evaluating strategic alternatives despite reporting Q4 results. Endeavor's Q4 revenue grew by 25% to $1.58 billion, driven by owned sports properties and representation divisions.
$EDR (-1.0% pre) Endeavor Group Holdings Inc (EDR) Reports Mixed Results for Q4 and Full Year 2023 https://t.co/wNLBDdvKKK
On the heels of the Netflix deal with Monday Night Raw, TKO announces a strong Q4 showing by WWE and UFC. >https://t.co/T6yMp0onxc https://t.co/tzvAwHNo8J
Endeavor Q4 Revenue Grows 25% to $1.58 Billion, Boosted by Owned Sports Properties, Representation Divisions https://t.co/shCaMP4b4R
Endeavor Earnings: WME Business Grew Despite Strikes, Strategic Review Still Ongoing https://t.co/xeuIdZn3K9
Ari Emanuel Says Endeavor Still Evaluating “Strategic Alternatives” As Company Reports Q4 Results https://t.co/l6j4xPPyWu
Endeavor Q4 2023 Results Dented by Write-Offs, Legal and Restructuring Costs https://t.co/sHeSQssULl
Netflix will have the rights to WWE's international rights as they become available, per the TKO call https://t.co/HzsllSvQMl
TKO says that they are in the process of securing distribution for WWE Raw in Q4 of 2024, between the USA and Netflix deals https://t.co/g0jfT9ozcM
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 https://t.co/VgIJpgUCWl