TKO Group Holdings suffered net loss of $249.5 million in 2024 first quarter largely due to UFC antitrust settlement
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Settling a pair of antitrust lawsuits against the UFC led to a net loss for TKO Group Holdings in the first quarter of 2024, although by all accounts the company expects to bounce back rather quickly for the remainder of the year.
In a new filing with the Securities and Exchange Commission on Wednesday, TKO reported a net loss of $249.5 million for the quarter largely due to a $335 million settlement reached to end a pair of antitrust lawsuits.
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