TKO President Promises Even More WWE Content

WWE business is booming.

On August 8th, the TKO Group reported its financials for Quarter 2 of 2024, showing a quarterly record of $851.2 million, with a net income of $150.7 million. As a result, TKO has raised its target for 2024 to $2.670 billion to $2.745 billion.

Of that total WWE contributed $456.8 million to the total revenue, with UFC not far behind with $395.4 million.

TKO Executive Chair Ariel Emanuel said the results highlight the company’s ability to “deliver sustainable long-term value for shareholders.”

“TKO generated strong financial results in the quarter, highlighted by record quarterly revenue and Adjusted EBITDA.

In light of this continued momentum, we are raising our full-year 2024 guidance for the second quarter in a row. The strength in our underlying business continues to give us great conviction in TKO’s ability to deliver sustainable long-term value for shareholders.”

More WWE Content On The Way

During the subsequent TKO investor’s call, company President Mark Shapiro heaped praise on Triple H before promising that more content is on the way.

“The creativity of Paul Levesque on the WWE side. That’s a tall order. He has a Friday night show [SmackDown], a Monday night show [Raw], NXT. We’re talking with other content providers on more short-form content, a bunch of deals that Nick Khan is currently working on and we’ll announce in due time,”

Meanwhile, WWE is heading for another commentary shake-up when Raw lands on Netflix in January 2025. It was recently announced that Joe Tessitore will be joining the team on the red brand on September 2nd, leading many to believe he’d be heading up the commentary team come January. However, that won’t be the case.

It’s now been reported that Michael Cole — who is being moved to SmackDown to facilitate Tessitore’s arrival, will switch brands with the former ESPN in early 2025.

H/t to Fightful