Compared to Estimates, TKO Group (TKO) Q3 Earnings: A Look at Key Metrics

Core Insights - TKO Group Holdings reported a revenue of $681.2 million for the quarter ended September 2024, reflecting a year-over-year increase of 51.7% [1] - The earnings per share (EPS) for the quarter was$ 0.53, slightly up from $0.52 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of$ 673.42 million by 1.16%, while the EPS fell short of the consensus estimate of $0.56 by 5.36% [1] Financial Performance Metrics - TKO Group hosted 7 UFC Fight Nights, matching the average estimate of 7 by analysts [3] - The company held 3 UFC Numbered events, consistent with the average estimate [3] - Total UFC events were 10, aligning with the three-analyst average estimate [3] - WWE events held internationally totaled 11, surpassing the average estimate of 6 [3] - WWE's net revenue reached$ 326.30 million, exceeding the average estimate of $307.22 million [3] - UFC's net revenue was$ 354.90 million, slightly below the average estimate of $356.16 million [3] - WWE Consumer Products generated$ 26.10 million, above the average estimate of $24.61 million [3] - UFC Consumer Products reported$ 13.20 million, slightly below the average estimate of $13.80 million [3] - WWE Media Rights & Content revenue was$ 227.40 million, exceeding the average estimate of $221.97 million [3] - WWE Live Events generated$ 51.10 million, surpassing the average estimate of $45.65 million [3] - WWE Sponsorship revenue reached$ 21.70 million, above the average estimate of $17.33 million [3] - UFC Live Events revenue was$ 51.40 million, below the average estimate of $61.52 million [3] Stock Performance - TKO Group's shares have declined by 6.4% over the past month, while the Zacks S&P 500 composite increased by 0.7% [4] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [4]