TKO Groups Holdings, Inc, has released its first financial figures following the merger between the UFC and WWE.
The disclosure was made to the Securities and Exchange Commission, which showed a detailed breakdown of the figures concerning the UFC and WWE. The figures go on to reveal that during the first half of 2023, the UFC brought in a total of $611.9 million. In addition, the numbers also revealed that the UFC saw an increase of 18 percent in the first quarter of the current year, which was replicated in 2022. Meanwhile, in the second quarter, there was also a 14 percent increase from 2022-23. In comparison, the UFC made $1.14 billion in revenue during 2022, as it remains to be seen what the final figure in 2023 will be.
UFC financials are just incredible really. I don't know how to understand all of this but I do know it is a lot of money. Expensive business to operate for sure but look at that healthy growth in revenue over such a short period of time. The power of MMA pic.twitter.com/xQoFdTmwBt
— Laiga (@APFML27) October 26, 2023
At the same time, the figures also showed much promise for the WWE. The organization has shown a revenue of $707.9 million in the first two quarters of this year. Although the first quarter of the year was met with an 11 percent decrease in revenue, the second quarter showed a 25 percent increase. And the figures go on to show TKO Holdings Group, Inc, in a positive light moving forward.
Tbh I expected more. $600M is peanuts when you take into account expenses, payroll and taxes
— Saul Goodman (@abqgoodman) November 2, 2023
— D-M (@Matthee13) November 3, 2023