Jim Cramer on TKO: "Its Business Seems to Be on Fire"

TKO Group Holdings, Inc. (NYSE:TKO) is one of the stocks Jim Cramer discussed recently. Cramer highlighted the company’s most profitable divisions during the episode, as he remarked:

“Could your portfolio stand to be a little more combative? Over the past few years, through a series of complex mergers, we’ve seen the rise of TKO Group Holdings. It’s the parent company of UFC, that’s the world’s leading mixed martial arts organization, and WWE, the professional wrestling powerhouse. They also own the PBR, bull riding league, Zuffa Boxing, and a couple of other businesses, like IMG, major sports marketing agency. But most of TKO’s money comes from two very consistent divisions, Ultimate Fighting Championship and WWE, and these are great growth properties.

In fact, UFC inked a seven-year $7.7 billion deal with Paramount back in August, which will start next year. Now, this was all created by Endeavor, which, among other things, is my talent agency, okay, but back before it was taken private by a Silver Lake earlier this year. TKO, as it exists now was formed in February, and since then, this is what matters, stock’s up quick 21%… I also like what I just heard from TKO Group, which specializes in live events, and its business seems to be on fire.”

TKO Group Holdings, Inc. (NYSE:TKO) produces and licenses sports and entertainment content. It is the parent company of UFC and WWE.

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Disclosure: None. This article is originally published at Insider Monkey.