NEW YORK (AP) — NEW YORK (AP) — TKO Group Holdings, Inc. (TKO) on Tuesday reported a loss of $13.3 million in its fourth quarter.
On a per-share basis, the New York-based company said it had a loss of 16 cents. Losses, adjusted for restructuring costs and costs related to mergers and acquisitions, were 9 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The producer of professional wrestling events and television shows posted revenue of $614 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $619.5 million.
For the year, the company reported a loss of $35.2 million, or 43 cents per share. Revenue was reported as $1.68 billion.
TKO Group expects full-year revenue in the range of $2.58 billion to $2.65 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TKO at https://www.zacks.com/ap/TKO