Pivotal starts on WWE and UFC owner TKO with a bullish rating on growth prospects [Seeking Alpha]
TKO Group Holdings, Inc. Class A (TKO)
Company Research
Source: Seeking Alpha
The research firm thinks the wrestling and martial arts media company is poised to benefit from higher media rights fees, driven by aggressive bidding on sports rights, higher event revenue, under-monetized advertising/sponsorship, and new potential revenue streams like gambling, digital, and expanded S-VOD. They also think cost-cutting efforts should drive a ~15% EBITDA growth CAGR through 2027. "TKO controls rare sports/sports entertainment assets that are broadcast year-round with ~700M global fans of UFC and ~700M for WWE," Pivotal said in their September 13 research note. "The business model also has high EBITDA margins, high free cash flow conversion rates, and the assets appear to still be relatively undermonetized on several fronts. In addition, it is a play on the continued heightened competitive environment in the distribution business, and we view the entrance of Internet streaming players into bidding on sports rights as a key potential wind at the back of rights fees."
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TKO
News
- WEKA Named Official UFC Partner For UFC 306 AT RIYADH SEASON NOCHE UFC At SpherePR Newswire
- TKO Group Holdings, Inc. (NYSE: TKO) is now covered by analysts at Pivotal Research. They set a "buy" rating and a $170.00 price target on the stock.MarketBeat
- Will UFC 306 Sell Out? How Many Tickets Are Available, At What Cost? [Forbes]Forbes
- UFC Sphere Event to Feature Proto Hologram Technology [Yahoo! Finance]Yahoo! Finance
- TKO Group Holdings, Inc. (NYSE: TKO) had its "buy" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $132.00 price target on the stock.MarketBeat
TKO
Earnings
- 8/8/24 - Miss
TKO
Sec Filings
- 9/16/24 - Form 4
- 9/16/24 - Form 4
- 9/16/24 - Form 144
- TKO's page on the SEC website