TKO Sees FY24 Revenue $2.575B-$2.65B Vs $2.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
TKO has provided its financial targets for FY24, projecting revenues between $2.575 billion and $2.65 billion, which is below the estimated $2.79 billion. The company also aims for an Adjusted EBITDA of $1.150 billion to $1.170 billion and a Free Cash Flow Conversion in excess of 50%.
February 27, 2024 | 10:46 pm
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TKO projects FY24 revenues to be below analyst estimates, with targets set between $2.575 billion and $2.65 billion, alongside aiming for an Adjusted EBITDA of $1.150 billion to $1.170 billion and a Free Cash Flow Conversion in excess of 50%.
The projected revenue for TKO in FY24 is below the market estimate, which could lead to negative investor sentiment in the short term. However, the emphasis on strong Adjusted EBITDA and Free Cash Flow Conversion indicates a focus on profitability and financial health, which might mitigate some negative impact.
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