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Vikram Kassava Botla

Senior Research Analyst at Baird

Vikram Kesavabhotla is a Senior Research Analyst at Baird specializing in Internet and Digital Services, with deep coverage of leading companies such as Netflix and TKO Group (UFC/WWE). He joined Baird in 2021 after notable analyst roles at Guggenheim Securities, Deutsche Bank, and Credit Suisse, and is recognized for incisive earnings call engagement and industry research. Kesavabhotla is a CFA charterholder and holds a BS in Finance and Mathematics from Rutgers University, bringing quantitative rigor and sector expertise to his analysis. His research is noted for strategic insights and targeted questions that help clarify company performance metrics for investors.

Vikram Kassava Botla's questions to TKO Group Holdings (TKO) leadership

Question · Q3 2025

Vikram Kassava Botla inquired about TKO's initial reactions to WWE's new relationship with ESPN, specifically how the first couple of Premium Live Events (PLEs) performed relative to expectations and the potential benefits of this partnership, including ESPN's marketing capabilities.

Answer

President and COO Mark Shapiro expressed thrill with the start of the ESPN relationship, noting wall-to-wall coverage for WrestlePalooza across all ESPN platforms, including prominent talent promoting the event. CFO Andrew Schleimer added that ESPN is one of the best marketing partners in media, and TKO has seen this firsthand with UFC. He also highlighted the importance of ESPN's efforts to renew distribution partner deals to allow free authentication for ESPN D2C subscribers, which TKO is closely monitoring.

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