Total Revenue

+114% (from $1,582,713K to $3,396,885K)

Total Revenue surged due to robust performance in the Owned Sports Properties and Events segments. Increased media rights fees, expanded event schedules—including large-scale events like the Paris Olympics—and the WWE acquisition helped drive revenue, while the previous period’s lower base (partially impacted by divestitures or fewer events) accentuated the percentage growth. " " "

SG&A Expenses

+97% (from $745,443K to $1,467,095K)

The nearly doubling of SG&A expenses is attributable to costs associated with the WWE acquisition, higher personnel and advertising expenses related to the Olympics, and additional overhead costs. These expenses reflect increased investment in administrative support and integration efforts compared to the prior period’s lower overhead. " " "

Operating Income

Worsened from –$7,358K to –$51,832K

Operating Income deteriorated significantly despite higher revenue, indicating severe margin pressure. The dramatic increase in direct operating costs and SG&A expenses—driven by events and strategic initiatives—outpaced revenue growth, contributing to a much larger operating loss compared to the relatively narrow prior period loss. " " "

Net Income

Dropped sharply from –$29,337K to –$237,156K

Net Income worsened due to a combination of heightened operating expenses, restructuring costs, and other non-recurring charges like impairment expenses. The larger loss in Q4 2024 reflects both the impact of aggressive investments (such as those for the Olympics) and higher financing costs, in contrast to a smaller net loss in the previous period. " " "

Basic EPS

Reversed from $1.42 to –$0.54

Basic EPS turned from positive to negative primarily as a result of the drastic net income deterioration. The increased losses, compounded by a likely higher weighted average share count, led to the decline in EPS performance when compared to the previous quarter’s favorable EPS. " " "

Cash Flow

Net change in cash at +$220,943K

Improved Cash Flow performance reflects effective working capital and financing management. Positive cash inflows were achieved through stronger operational cash generation and strategic investing/financing activities, which offset higher losses, a contrast to previous periods where cash flow was more subdued. "