TKO Increases 2024 Revenue Target To $2.670B-$2.745B (From $2.610B-$2.685B) vs $2.698B Est., Adjusted EBITDA To $1.220B-$1.240B (From $1.185B-$1.205B)
Portfolio Pulse from Benzinga Newsdesk
TKO has increased its 2024 revenue target to $2.670B-$2.745B from the previous $2.610B-$2.685B, surpassing the $2.698B estimate. The company also raised its adjusted EBITDA guidance to $1.220B-$1.240B from $1.185B-$1.205B.
August 08, 2024 | 11:21 am
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TKO has raised its 2024 revenue and adjusted EBITDA targets, indicating stronger financial performance expectations.
The increase in revenue and adjusted EBITDA targets suggests that TKO is expecting better financial performance in 2024. This positive outlook is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100