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Revenue increased 179%, or $546.0 million, to $851.2 million. The increase reflected an increase of $89.2 million at UFC, to $394.4 million, and the contribution of $456.8 million of revenue at WWE.
Cash flows generated by operating activities were $230.7 million, an increase of $119.7 million from $111.0 million, primarily due to higher net income and the timing of working capital.
Free Cash Flow 2 was $218.6 million, an increase of $112.2 million from $106.4 million, due to the increase in cash flows generated by operating activities partially offset by an increase in capital expenditures, which was primarily related to WWE’s new headquarter facility.
Cash and cash equivalents were $277.5 million as of June 30, 2024. Gross debt was $2.744 billion as of June 30, 2024.
>https://www.wrestleview.com/featured-top-story/323702-tko-announces-second-quarter-financial-results/
Cash flows generated by operating activities were $230.7 million, an increase of $119.7 million from $111.0 million, primarily due to higher net income and the timing of working capital.
Free Cash Flow 2 was $218.6 million, an increase of $112.2 million from $106.4 million, due to the increase in cash flows generated by operating activities partially offset by an increase in capital expenditures, which was primarily related to WWE’s new headquarter facility.
Cash and cash equivalents were $277.5 million as of June 30, 2024. Gross debt was $2.744 billion as of June 30, 2024.
>https://www.wrestleview.com/featured-top-story/323702-tko-announces-second-quarter-financial-results/
