Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts

TKO Group Holdings exceeded Wall Street earnings forecasts for the third quarter, driven by a 60% year-over-year revenue surge from UFC. Total revenue reached $1.36 billion, slightly below the $1.38 billion outlook due to a slowdown at WWE. Diluted earnings per share were $1.33. Consequently, TKO raised its guidance, leveraging live sports as a long-term growth engine, with the FIFA World Cup specifically expected to boost its On Location business operations moving forward.