Added to YB: 2024-06-05
Pitch date: 2024-06-05
TKO [neutral]
TKO Group Holdings, Inc.
+95.39%
current return
Author Info
No bio for this author
Company Info
TKO Group Holdings, Inc. operates as a sports and entertainment company. The company owns and manages sports and entertainment intellectual property; produces and licenses live events, programing, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view; and offers UFC FIGHT PASS, a direct-to-consumer streaming product that provides access to live and video-on-demand events, as well as original content.
Market Cap
$16.0B
Pitch Price
$106.17
Price Target
N/A
Dividend
1.54%
EV/EBITDA
23.16
P/E
109.02
EV/Sales
9.73
Sector
Entertainment
Category
growth
TKO Group Holdings: Strong Content, High Margins, and Strategic Partnerships
TKO (UFC/WWE) impresses with high-quality content primed for growth. Media rights renewal in 2025, Netflix partnership, live events flywheel, and sponsorships drive revenue. High visibility into future cash flows with ~2/3 from multi-year contracts. 40%+ EBITDA margins and merger synergies. Risks: lofty expectations post-NBA deal and complex corporate structure with Endeavor/Silver Lake control. 20-25x LFCF multiple reasonable.
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