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TKO Group Holdings, Inc. (NYSE:TKO), an entertainment and recreation services company valued at $33.37 billion, has filed an 8-K form with the SEC to report recast historical financial information for fiscal years 2022, 2023, and 2024. The company has demonstrated remarkable performance, with a 72.4% return over the past year. According to InvestingPro analysis, TKO currently trades at premium multiples, suggesting strong market confidence in its growth trajectory. The recasting reflects the acquisition of the IMG business, On Location, and the Professional Bull Riders from Endeavor Group Holdings, Inc., which was completed on February 28, 2025.
The recast financials present the financial position and results as if the Endeavor Asset Acquisition had taken place at the beginning of the earliest period presented, January 1, 2022. This filing does not amend or restate prior period filings, including the Annual Reports on Form 10-K for the fiscal years mentioned. The company’s strong financial health is evidenced by its healthy current ratio of 1.3 and impressive revenue growth of 67.43% in the last twelve months.
The recast historical audited financial information and related disclosures are attached as Exhibit 99.1 to the 8-K form, which is not an amendment to previous filings but provides additional context for the company’s financial evolution post-acquisition.
The company’s Class A Common Stock, with a par value of $0.00001 per share, is registered under Section 12(b) of the Securities Exchange Act and trades on the New York Stock Exchange under the symbol "TKO."
TKO Group Holdings, Inc. is incorporated in Delaware and is headquartered at 200 Fifth Ave, 7th Floor, New York, New York, 10010. The company has designated its Chief Financial Officer, Andrew Schleimer, as the authorized signatory for this report.
This information is based on the SEC filing and is intended for investors and regulatory compliance. Investors should note that TKO’s next earnings report is scheduled for May 8, 2025. For comprehensive analysis and additional insights, including 15 more exclusive ProTips and detailed valuation metrics, visit InvestingPro, where you’ll find a complete Pro Research Report on TKO among 1,400+ top stocks.
In other recent news, TKO Group Holdings has experienced significant developments across its various business operations. The company has announced a partnership with Mexico’s Fillip to acquire AAA Lucha Libre, a move that will see WWE, under TKO, expand its influence in the Latin American market. The acquisition, expected to close in Q3 2025, will allow the Peña family to remain involved in AAA’s operations. Concurrently, TKO’s UFC has entered a multiyear partnership with Meta (NASDAQ:META), naming Meta as an Official Fan Technology Partner and Official AI Glasses Partner, aiming to enhance fan experiences through advanced technology.
Moreover, TKO Group Holdings has undergone a change in control, with Silver Lake and its affiliates acquiring approximately 60.9% of TKO’s total voting securities. This acquisition positions Silver Lake as the majority shareholder, influencing TKO’s future strategic direction. The transaction was part of a larger deal involving Endeavor Group Holdings, TKO’s parent company. While these shifts are notable, they do not trigger a "Change in Control" under existing agreements.
These developments are based on recent press release statements and filings, reflecting TKO’s strategic maneuvers in the entertainment and recreation sectors. As these partnerships and ownership changes unfold, the market will be closely watching the potential impacts on TKO’s operations and growth trajectory.
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