TKO Group reported higher third-quarter revenue and profit, boosted by growth in media rights revenue.
The company posted net income of $98.7 million, or $1.33 a share, up from $41 million, or 47 cents a share, the year prior.
Revenue rose to $1.36 billion from $1.12 billion, boosted by a $132.3 million increase in media rights, production and content revenue for UFC. Wall Street expected $1.38 billion.
The company guided for revenue of $5.79 billion to $5.83 billion, up from its previous forecast of $5.78 billion to $5.83 billion. Wall Street sees full-year revenue of $5.82 billion.
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