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TKO Delivers Q3 Profit as Parent of UFC and WWE Prepares to Absorb Professional Bull Riders and More Endeavor Sports Assets
TKO delivered a solid Q3 profit as UFC and WWE saw solid gains in sponsorship and media rights revenue during the quarter.
TKO, the parent company of UFC and WWE, delivered a healthy third-quarter profit thanks to the strength of content licensing, sponsorship and event revenue at its core sports properties. TKO’s Q3 results reflected higher corporate expenses and costs due to the restructuring and integration efforts for WWE. Last month, Endeavor disclosed that it has reached a deal to sell PBR, the sports production and talent agency IMG and the On Location hospitality provider to TKO for $3.25 billion.
Or read this on Variety