Question · Q3 2025
Steven Lassick asked about TKO's UFC international media rights strategy, specifically regarding Paramount's role in LATAM and Australia, and the broader international portfolio. He also inquired about the drivers behind WWE's significantly higher live events revenue, distinguishing between Premium Live Events (PLEs) and weekly events, and the balance between pricing and capacity for future growth.
Answer
CFO Andrew Schleimer explained that TKO views itself as an execution story, focusing on operational expansion, integration, and capital return. He noted that Paramount offered the best equation for brand, reach, and rights fees in the specified territories. President and COO Mark Shapiro added that WWE's live event growth is driven by both high capacity and appropriate price increases across all event types, further boosted by reduced non-televised events creating scarcity and continued international expansion.
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