TKO Group (TKO) Reports Q2 Earnings: What Key Metrics Have to Say

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how TKO Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• UFC - Numbered events: 3 versus the three-analyst average estimate of 3.
• UFC - Fight Nights: 9 compared to the 9 average estimate based on three analysts.
• UFC - Total events: 12 compared to the 12 average estimate based on three analysts.
• UFC - Location of events - International: 4 versus 3 estimated by two analysts on average.
• Net Revenue- IMG: $354.7 million versus the four-analyst average estimate of $360.93 million. The reported number represents a year-over-year change of +15.7%.
• Net Revenue- WWE: $620.9 million versus $617.34 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.6% change.
• Net revenues- Corporate & Other: $48.5 million versus the four-analyst average estimate of $62.65 million. The reported number represents a year-over-year change of +8.7%.
• Net Revenue- UFC: $535.7 million compared to the $505.93 million average estimate based on four analysts. The reported number represents a change of +28.8% year over year.
• Net Revenue- WWE- Media rights, production and content: $359.7 million versus the three-analyst average estimate of $330.53 million. The reported number represents a year-over-year change of +29%.
• Net Revenue- WWE- Live events and hospitality: $152 million compared to the $177.95 million average estimate based on three analysts. The reported number represents a change of -18.2% year over year.
• Net Revenue- WWE- Partnerships and marketing: $63.2 million versus the three-analyst average estimate of $72.64 million. The reported number represents a year-over-year change of +8.4%.
• Net Revenue- WWE- Consumer products licensing and other: $46 million versus the three-analyst average estimate of $34.65 million. The reported number represents a year-over-year change of +38.1%.

View all Key Company Metrics for TKO Group here>>>

Shares of TKO Group have returned -6.5% over the past month versus the Zacks S&P 500 composite's +0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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