TKO Group Holdings posted better-than-anticipated revenue but saw a March antitrust settlement with UFC fighters squeeze its bottom line. The company, formed through the merger of WWE and UFC last September, is run by Endeavor Group Holdings. Endeavor recently unveiled a plan to go private, which will make TKO the only public window onto the … Read more
Endeavor-controlled ring sports giant TKO Group Holdings reported $614 million in total revenue in the fourth quarter, along with a slight dip in UFC profits. It was the first batch of full quarterly operating results for the WWE and UFC parent company and followed a burst of news in January. Within the same week, TKO … Read more
TKO Group Holdings exec Mark Shapiro said the company is “on the sideline” waiting to see if former Executive Chairman Vince McMahon will sell any more of his massive stock holding in the company. Shapiro, who is president and COO of TKO and holds the same title at its majority owner, Endeavor Group Holdings, noted … Read more
WWE is continuing to deal with fallout from sexual abuse allegations facing its former longtime chief Vince McMahon, with shares in parent TKO Group Holdings slipping as investors weigh the potential downside. Shares in TKO fell 4.4% Monday on nearly twice their normal trading volume, closing at $82.73. The stock is well below the level … Read more
Longtime WWE sponsor Slim Jim is pausing its promotional activities with the wrestling outfit in light of what it called “disturbing allegations” against its longtime leader, Vince McMahon. Shortly after the sponsorship news was emerging late in the day Friday, McMahon resigned as executive chairman of Endeavor-run TKO Group Holdings. TKO was formed when WWE … Read more
EXCLUSIVE: Slammed by allegations of rape, defecation, sex trafficking and more, Vince McMahon is out at WWE and UFC parent company TKO Group Holdings. “I stand by my prior statement that Ms. Grant’s lawsuit is replete with lies, obscene made-up instances that never occurred, and is a vindictive distortion of the truth,” McMahon said this … Read more
Editor’s note: This post contain extremely sexually explicit details from the lawsuit against WWE founder Vince McMahon. UPDATED, 1:51 PM: Following a harrowing sexual assault and sex-trafficking lawsuit filed Thursday against Vince McMahon and World Wrestling Entertainment by a former WWE staff member, the wrestling mogul and current WWE owners TKO Group Holdings have broken … Read more
