During TKO Group Holdings’ fourth-quarter earnings call, company executives addressed speculation regarding potential changes to the Muhammad Ali Boxing Reform Act under a potential Trump administration.
When asked about the possibility of the Ali Act being repealed, TKO leadership acknowledged the legislation’s existing limitations while emphasizing their focus on industry growth rather than legislative advocacy.
“The Ali Act has flaws. We believe it’s possible to improve the current system to facilitate more opportunities for boxers and to regrow the sport of boxing in America,” stated company leadership during the call. “We’re not in there active inside pushing, drafting legislation, lobbying legislators. That’s ultimately for somebody else.”
The company maintained that regardless of the Act’s future, they see significant potential in boxing. “Whether it stays or goes, we think the opportunity for boxing is extraordinary for us,” they noted.
The discussion took place during a broader earnings call where TKO reported strong financial performance, with full-year sales reaching $2.8 billion and net income of $6.4 million, exceeding analyst expectations. Both UFC and WWE divisions achieved record sales figures according to the company.
The call also touched on TKO’s media rights partnership with Disney and ESPN, with executives praising the relationship. “Disney ESPN has been a great partner… Bob Iger, Jimmy Pitaro, phenomenal partners running great businesses, serving sports fans around the world,” they stated, adding that they “love to stay with them as long as we’re realizing fair value for our content.”
TKO projects 2025 revenue for UFC and WWE to reach between $2.93 billion and $3 billion, with additional growth expected from pending acquisitions including On Location, IMG, and Professional Bull Riders from Endeavor Group.
