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TKO jumps as Wall Street hypes live event boom for the WWE parent company

Analysts see upside from TKO’s popular live entertainment footprint and upcoming UFC deal.

6/18/25 12:10PM

TKO shares are up 5% Wednesday, the second-best performer among S&P 500 constituents, after the WWE and UFC parent got a bullish nod from Bernstein.

The firm reiterated its “outperform” rating on the stock as the company continues to invest and see strong momentum in live sports entertainment. Analysts also highlighted the companies’ “festivilizing” of events as an attractive growth opportunity. TKO continues to post record results at marquee events.

In April, WrestleMania 41 became WWE’s most watched and highest-grossing show ever, with on-site merch sales up 45% year over year and e-commerce revenue up 86%. Bernstein also flagged the company’s upcoming UFC media rights renewal as a major tailwind, suggesting the deal could top $1 billion annually as sponsorships continue to scale.

TKO shares are up 68% over the past year.

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CoreWeave tumbles on weaker-than-expected Q4 adjusted EBITDA

The neocloud just released quarterly results.

Cloud Based Artificial Intelligence Computing Company CoreWeave Has IPO On Nasdaq Exchange

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Warner Bros. board deems Paramount’s $31-per-share offer a superior deal, starting four-day countdown for Netflix response

The Warner Bros. Discovery board has determined that Paramount’s latest deal constitutes a superior proposal to the $83 billion agreement it has with Netflix.

The Netflix merger remains in effect, but the determination kicks off a four-business-day window for the streamer to amend its deal to match or beat Paramount’s.

Should Netflix decide to not raise its own offer to a degree the Warner Bros. board determines to be the “Company Superior Proposal,” Warner Bros. would be entitled to terminate that merger agreement.

Netflix is said to have ample cash to increase its own offer for Warner Bros., but it’s yet to be seen how high the company is willing to go. Netflix shares have increased since Paramount boosted its bid, signaling that its own investors aren’t exactly rooting for it to make the purchase.

Warner Bros.’ announcement boosted Paramount’s odds on prediction markets to end up in control of the company. As of 4:40 p.m. ET on Thursday, event contracts speculating on which company will ultimately come out on top of the bidding war have Paramount at a 62% chance over Netflix’s 33% odds.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)