Latest news with #ArielEmanuel
Yahoo
09-05-2025
- Business
- Yahoo
WWE, UFC Parent TKO Group Tops Q1 Revenue Estimates, Lifts Outlook
TKO Group reported better-than-expected first-quarter revenue but profit fell short. The WWE and UFC parent also closed its acquisition of some properties from Endeavor Group Holdings in the quarter. TKO Group lifted its revenue and adjusted EBITDA outlook for the full year, excluding the impact of the new Group Holdings (TKO) posted a mixed earnings report after the bell Thursday, as revenue came in well above estimates but profit fell short. The owner of World Wrestling Entertainment and Ultimate Fighting Championship generated $1.27 billion in revenue, above Visible Alpha estimates of $899.6 million. However, TKO reported earnings per share of $0.69 when analysts were expecting $0.77. "Our conviction in our portfolio of assets is strong and we are now focused on integration, driving synergies, the domestic media rights deal for UFC, and our capital return programs," CEO Ariel Emanuel said. TKO closed its acquisition of several properties from Endeavor Group Holdings during the quarter, including IMG, On Location, and Professional Bull Riders. The growing sports conglomerate was also one of the four companies added to the S&P 500 in the quarter. Excluding the impact of the new businesses, TKO lifted its full-year revenue forecast to a range of $3.005 billion to $3.075 billion, up from the prior $2.930 billion to $3.000 billion. It also lifted its 2025 adjusted EBITDA forecast to $1.390 billion to $1.430 billion from $1.350 billion to $1.390 billion. Shares initially rose Friday morning but turned lower and recently were down nearly 6%. They have gained about 12% since the start of the year. Read the original article on Investopedia Sign in to access your portfolio
Time of India
09-05-2025
- Business
- Time of India
WWE reports 24% surge in Q1 2025 revenue, Netflix deal powers growth
Image via WWE WWE has kicked off 2025 with an impressive financial performance, posting $391.5 million in revenue for the first quarter - a significant 24% increase from Q1 2024. The rise, amounting to $74.8 million, is primarily credited to booming media rights and a landmark content distribution deal with Netflix. According to the TKO Group's financial disclosure, WWE's earnings were buoyed by an uptick in media rights, live event turnout, and partnership revenue. Operation Sindoor Operation Sindoor: 'India won't give face-saving exit to Pak army chief Asim Munir' IPL 2025: BCCI suspends IPL 2025 amid India-Pakistan tensions Fully intact, undetonated Chinese PL-15 missile found in Hoshiarpur The $30.5 million gain in content-related income came largely from the new arrangement that makes Netflix the exclusive global streaming home for WWE's flagship shows like - Raw, SmackDown, NXT, and its premium live events. Netflix began streaming Raw in the U.S. starting January 2025, marking a historic shift for the wrestling giant as it transitioned from traditional broadcast to a global streaming platform. Meanwhile, SmackDown continues to air on USA Network, NXT on The CW, and other premium events on Peacock within the U.S. TKO raises 2025 projections after WWE surge TKO Group, the parent company formed by the merger of WWE and UFC under Endeavor - reported total revenue of $1.27 billion for Q1, with WWE contributing nearly a third. UFC, on the other hand, brought in $359.7 million, up $46.7 million from the same period last year. The company has now raised its full-year forecast for WWE and UFC revenue to a range of $3.005 billion to $3.075 billion, citing continued strength across its portfolio. Including recent acquisitions such as IMG, On Location, and Professional Bull Riders (PBR), TKO expects total annual revenue to cross $4.49 billion. 'TKO is off to a good start in 2025,' said Ariel Emanuel, Executive Chair and CEO of TKO. 'Our conviction in our portfolio of assets is strong, and we are now focused on integration, synergies, and media rights growth.' Corporate changes amid growth The financial high comes just days after WWE underwent several corporate and talent-level changes. While the company has not commented directly on layoffs, industry insiders believe recent cuts are part of the ongoing post-merger restructuring process under TKO. Interestingly, WWE's revenue figures do not include the record-breaking WrestleMania 41 event held in Las Vegas, which falls under Q2 reporting. With other marquee events like Royal Rumble also delivering strong results earlier this year, WWE seems well positioned heading into the next quarter. Despite wider economic pressures and trade uncertainties, WWE's transition to streaming, strategic partnerships, and global expansion appear to be paying off - at least for now.
Yahoo
03-04-2025
- Entertainment
- Yahoo
The Render Network Announces RenderCon 2025: The future of Hollywood and AI - with Ariel Emanuel, Beeple and other industry luminaries
LOS ANGELES, April 3, 2025 /PRNewswire/ -- The Render Network Foundation is thrilled to announce RenderCon, a one-day event April 15th, 2025 at Nya Studio in Hollywood, California to explore how art, media, and exa-scale computing are shaping the decade ahead. The inaugural RenderCon will bring together luminaries from across media, entertainment, AI, and GPU computing, including: Ariel Emanuel, Executive Chairman, WME Group; CEO and Executive Chair, TKO Richard Kerris, VP & General Manager of Media & Entertainment at NVIDIA Mike "Beeple" Winkelmann, Beeple Studios Emad Mostaque, Founder of Intelligent Internet and Stability AI Rod Roddenberry, Founder and CEO of Roddenberry Entertainment and Executive Producer of Star Trek Jules Urbach, Founder and CEO of OTOY and Founder of the Render Network The event features a full day of talks and panels covering emerging trends in GPU rendering for motion graphics, filmmaking, product design, VFX, games, virtual production, immersive media and more — with deep dives on the latest frontier AI technologies, workflows and IP provenance tools supporting the Render Network's community of artists and content creators. Conference panels and keynotes will be accompanied by networking sessions, Render Network Grant recipient showcases, and live tech demos throughout the day, enabling attendees to learn from leaders in VFX, AI, and GPU technology that are pushing the boundaries of spatial computing, immersive media, and machine learning. The first in-person Render Network conference, RenderCon 2025 is set to become the premier annual event for artists, studios, developers, and creative technologists shaping the future of 3D technology, AI, and GPU computing. Registration for RenderCon is now open at New speakers, panelists, and technology partners will be announced over the coming weeks via @RenderNetwork on X and on the Render Foundation website. Please direct press, speaking, and sponsorship inquiries to: rendercon@ About The Render Network Foundation The Render Network Foundation is the governance organization for the world's leading decentralized compute network, the Render Network. The network connects node operators looking to monetize their idle GPU compute power with artists looking to scale intensive 3D-rendering work and with machine learning developers looking to train and tune AI models. Through a decentralized peer-to-peer network, the Render Network achieves unprecedented levels of scale, speed, and economic efficiency. For more information on the Render Network Foundation, please visit View original content to download multimedia: SOURCE OTOY Inc.
