TKO reported Q1 2025 revenue of $1.269 billion, driven by double-digit growth at UFC and WWE. Net income surged to $165.5 million, reversing a loss in the prior year, and free cash flow climbed significantly. The company raised full-year guidance and included the impact of new acquisitions, reflecting positive momentum across its diversified sports and entertainment portfolio.
Revenue reached $1.269 billion, up 4% YoY, driven by growth at UFC and WWE.
Net income turned positive at $165.5 million, reversing a $234.5 million loss last year.
Free cash flow increased sharply to $135.5 million, compared to $7.5 million in Q1 2024.
Adjusted EBITDA rose 23% to $417.4 million, with margin expanding to 33%.
TKO raised full-year 2025 guidance to reflect strong UFC and WWE performance and the integration of newly acquired IMG, On Location, and PBR businesses.
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