TKO releases full 2024 WWE & UFC financials, Raw on Netflix ratings discussed

To no big surprise, TKO had a hugely successful 2024 thanks to its main WWE and UFC cogs, announced Wednesday and expounded upon during their quarterly investors call. TKO saw an annual revenue of just over $2.8 billion with a net income of $6.4 million buoyed by a fourth quarter that saw revenues of $642.2 million and net income of $47.5 million. EBITDA (earnings before interest, taxes, and amortization) was $1.251 billion for 2024 with the fourth quarter finishing $238.1 million. EBITA is a metric that investors use to measure profitability. ********** Breaking the two brands out, WWE saw yearly revenues of $1.398 billion while UFC had $1.406 billion. For the fourth quarter, WWE had $298.3 million in revenue (down nearly $33 million year-over-year) while UFC beat them out at $343.9 million (up by nearly $61 million). WWE took a hit in the fourth quarter with a revenue decrease of $32.9 million, offsetting a $61.1 million increase on the UFC side. The reason for the WWE drop was the media rights dip as the