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TKO Group Reports Q2 Income, Higher Revenue; Updates Revenue Guidance; Shares Up 2.3%
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TKO Group Reports Q2 Income, Higher Revenue; Updates Revenue Guidance; Shares Up 2.3%
Aug 8, 2024 5:27 AM

07:53 AM EDT, 08/08/2024 (MT Newswires) -- TKO Group Holdings ( TKO ) reported Q2 net earnings Thursday of $0.72 per diluted share.

The company did not provide last year's EPS. Analysts surveyed by Capital IQ expected $0.89.

Revenue for the quarter ended June 30 was $851.2 million, compared with $305.2 million a year earlier. Analysts surveyed by Capital IQ expected $770.9 million.

The company said it now expects 2024 revenue of about $2.67 billion to $2.75 billion. Analysts surveyed by Capital IQ expect $2.70 billion.

Shares of TKO Group ( TKO ) were up 2.3% in recent premarket activity.

Price: 112.00, Change: +2.50, Percent Change: +2.28

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