The value of stock in TKO Group Holdings has skyrocketed after today’s announcement that RAW will move to Netflix in January 2025.
Following the news, stock in WWE’s parent company rose over 20% in pre-market trading, which equates to an approximate $2.7 billion increase in market cap.
In addition to RAW, fans outside the U.S. will also see SmackDown, WWE NXT, and pay-per-view events move to Netflix in 2025, as part of a decade-long, $5 billion deal.
TKO welcomed Dwayne ‘The Rock’ Johnson as a board member today. The Brahma Bull recently returned to WWE programming during the ‘Day 1’ themed edition of RAW.
