TKO Group Holdings (NYSE:TKO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$681.3m (up 52% from 3Q 2023).

• Net income: US$23.1m (up from US$21.9m loss in 3Q 2023).

• Profit margin: 3.4% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue.

• EPS: US$0.29 (up from US$0.26 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

TKO Group Holdings Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 51%.

Looking ahead, revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Entertainment industry in the US.

Performance of the American Entertainment industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on TKO Group Holdings' balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.