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TKO Group Holdings

TKO Group Holdings, Inc.
TKO
Company typePublic
Industry
PredecessorsWorld Wrestling Entertainment, Inc.
Zuffa, LLC
FoundedSeptember 12, 2023; 17 months ago (2023-09-12)
Founders
Headquarters200 Fifth Avenue,
New York City, New York
,
U.S.
Area served
Worldwide
Key people
Products
  • Broadcasting
  • Films
  • Finance
  • Home video
  • Live events
  • Merchandise
  • Music
  • Publishing
  • Streaming network service
  • Television
ServicesLicensing
RevenueIncrease US$1.67 billion (2023)[1]
Decrease US$447 million (2023)[1]
Decrease US$176 million (2023)[1]
Total assetsIncrease US$12.7 billion (2023)[1]
Total equityIncrease US$8.84 billion (2023)[1]
OwnerEndeavor (51%)
WWE shareholders (49%)[a]
Number of employees
c. 1,250 (2023)
Subsidiaries
Websitetkogrp.com
Footnotes / references
[8]

TKO Group Holdings, Inc. (TKO) is an American media conglomerate created by Endeavor as part of a merger between World Wrestling Entertainment, Inc. (WWE) and Zuffa, LLC, the parent company of the Ultimate Fighting Championship (UFC).[9] Following the completion of the merger on September 12, 2023, both WWE and UFC operate as divisions under the banner of TKO.[10]

The merger marked the first time that WWE has not been solely and primarily majority-controlled by the McMahon family, which founded the company and owned it for over 70 years.[11] This marked the third time that the UFC has changed ownership as its parent company Zuffa had been sold to Endeavor in 2016.[12] Zuffa had previously purchased the UFC from the Semaphore Entertainment Group in 2001.

Endeavor chief executive officer (CEO) Ari Emanuel is the CEO of TKO and Mark Shapiro serves as president and chief operating officer. Nick Khan became the president of WWE post-merger and Dana White has since served as CEO of the UFC.[13][14]

As of 2024, the UFC and WWE are the two most valuable combat sports organizations in the world according to Forbes. UFC was listed as the most valued mixed martial arts (MMA) company having a value of $11.3 billion and a revenue of $1.29 billion in 2023, with WWE being the most valued professional wrestling promotion with a value of $6.8 billion and revenue of $1.33 billion in 2023.[15]

  1. ^ a b c d e "TKO Reports Full Year 2023 Results" (PDF). TKO Group Holdings, Inc. February 27, 2024. Retrieved February 27, 2024.
  2. ^ "SCHEDULE 14C INFORMATION". NASDAQ. August 22, 2023. p. 248. Retrieved August 25, 2023. Mr. McMahon is expected to have beneficial ownership of approximately 28,752,105 shares of New PubCo Class A common stock representing approximately... 17% of the voting power...and approximately 34% of the economic interests...
  3. ^ "STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES" (PDF). United States Securities and Exchange Commission. November 9, 2023. Retrieved November 9, 2023.
  4. ^ "STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES" (PDF). United States Securities and Exchange Commission. March 7, 2024. Retrieved March 7, 2024.
  5. ^ "STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP" (PDF). United States Securities and Exchange Commission. March 28, 2024. Retrieved March 28, 2024.
  6. ^ "STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP" (PDF). United States Securities and Exchange Commission. April 9, 2024. Retrieved April 9, 2024.
  7. ^ "TKO Group Holdings, Inc.: Shareholders Board Members Managers and Company Profile | US87256C1018 | MarketScreener". www.marketscreener.com. Retrieved July 25, 2024.
  8. ^ "2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 27, 2024.
  9. ^ "SEC-Show". otp.tools.investis.com. Retrieved June 12, 2023.
  10. ^ "Endeavor and WWE® Deal to Create TKO Group Holdings Expected to Close September 12". Business Wire. September 7, 2023. Archived from the original on September 7, 2023. Retrieved September 7, 2023.
  11. ^ Sherman, Alex (April 2, 2023). "WWE near deal to be sold to UFC parent Endeavor, sources say". CNBC. Archived from the original on April 2, 2023. Retrieved April 2, 2023.
  12. ^ "U.F.C. Sells Itself for $4 Billion". The New York Times. July 11, 2016. Retrieved July 11, 2016.
  13. ^ Mullin, Benjamin (April 3, 2023). "Endeavor and W.W.E. Join Forces to Create Live-Combat Tag Team". The New York Times. Retrieved April 3, 2023.
  14. ^ Group, T. K. O. (September 5, 2023). "Endeavor Announces Close of UFC® And WWE® Transaction to Create TKO Group Holdings, a Premier Sports and Entertainment Company". TKO Group Holdings, Inc. {{cite web}}: |last= has generic name (help)
  15. ^ Teitelbaum, Justin. "The Most Valuable Combat Sports Promotions 2024". Forbes. Retrieved October 1, 2024.


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