Key Takeaways TKO Group reported better-than-expected first-quarter revenue but profit fell short.The WWE and UFC parent also closed its acquisition of some properties from Endeavor Group Holdings in the quarter.

TKO Group Holdings, parent of the WWE and UFC, said “strength and momentum” at both subsidiaries powered first-quarter financial results. Revenue handily exceeded Wall Street forecasts, reaching $1.27 billion,

TKO's first quarter results reflect underlying strength at UFC and WWE and growth ahead as the company absorbs IMG's PBR and On Location assets.