Earnings summaries and quarterly performance for TKO Group Holdings.
Executive leadership at TKO Group Holdings.
Board of directors at TKO Group Holdings.
BK
Bradley Keywell
Detailed
Director
CW
Carrie Wheeler
Detailed
Director
DJ
Dwayne Johnson
Detailed
Director
ED
Egon Durban
Detailed
Director
JK
Jonathan Kraft
Detailed
Director
NT
Nancy Tellem
Detailed
Director
NK
Nick Khan
Detailed
Director
PB
Peter Bynoe
Detailed
Director
SM
Sonya Medina
Detailed
Director
SK
Steven Koonin
Detailed
Lead Independent Director
Research analysts who have asked questions during TKO Group Holdings earnings calls.
Benjamin Swinburne
Morgan Stanley
8 questions for TKO
Also covers: AMT, BATRA, CCI +23 more
BR
Brandon Ross
LightShed Partners
8 questions for TKO
Also covers: LYV, MSGE, MSGS +1 more
Peter Supino
Wolfe Research
8 questions for TKO
Also covers: CHTR, DIS, FWONA +13 more
RG
Ryan Gravett
UBS
6 questions for TKO
Also covers: FWONA, FWONK
Stephen Laszczyk
Goldman Sachs
6 questions for TKO
Also covers: CNK, FNKO, FWONA +10 more
DK
David Karnovsky
JPMorgan Chase & Co.
4 questions for TKO
Also covers: CCO, CNK, DIS +19 more
EH
Eric Handler
Roth Capital Partners, LLC
3 questions for TKO
Also covers: BOWL, CNK, DDI +10 more
SL
Steven Lassick
Goldman Sachs
2 questions for TKO
DK
David Karnofsky
JPMorgan Chase & Co
1 question for TKO
Jason Bazinet
Citigroup
1 question for TKO
Also covers: APP, CTV, DIS +20 more
RG
Richard Greenfield
LightShed Partners
1 question for TKO
Also covers: NFLX, PARA, PINS +7 more
Robert Fishman
MoffettNathanson
1 question for TKO
Also covers: CNK, DIS, DKNG +7 more
VK
Vikram Kassava Botla
Baird
1 question for TKO
VK
Vikram Kesavabhotla
Robert W. Baird & Co.
1 question for TKO
Also covers: DLB, DOCS, GDDY +3 more
Recent press releases and 8-K filings for TKO.
TKO Group Holdings Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance, and Announces Additional Share Repurchase Program
TKO
Earnings
Guidance Update
Share Buyback
- TKO reported full-year 2025 revenue of $4.735 billion and Adjusted EBITDA of $1.585 billion, with an Adjusted EBITDA margin of 33.5%. For Q4 2025, revenue was $1.038 billion and Adjusted EBITDA was $281 million.
- The company provided full-year 2026 guidance, targeting revenue between $5.675 billion and $5.775 billion and Adjusted EBITDA between $2.24 billion and $2.29 billion, reflecting anticipated growth of 21% in revenue and 43% in Adjusted EBITDA.
- In 2025, TKO secured significant media rights deals, including UFC's $7.7 billion deal with Paramount and WWE's $1.6 billion deal with ESPN, contributing to over $15 billion in long-term media rights agreements.
- TKO initiated and doubled its quarterly cash dividend, and nearly completed $1 billion in share repurchases in 2025, with an intent to repurchase up to an additional $1 billion of shares. Global partnerships revenue exceeded $450 million in 2025, and the 2030 partnerships revenue target was raised from $1 billion to $1.2 billion.
2 days ago
TKO Reports Strong Q4 and Full-Year 2025 Results, Issues Optimistic 2026 Guidance, and Announces Additional Share Repurchase Program
TKO
Earnings
Guidance Update
Share Buyback
- TKO reported Q4 2025 revenue of $1.038 billion and Adjusted EBITDA of $281 million, with full-year 2025 revenue reaching $4.735 billion and Adjusted EBITDA of $1.585 billion.
- For full-year 2026, TKO is targeting revenue of $5.675 billion-$5.775 billion and Adjusted EBITDA of $2.24 billion-$2.29 billion, representing anticipated revenue growth of 21% and Adjusted EBITDA growth of 43%.
- The company plans to repurchase up to an additional $1 billion of Class A common stock, building on approximately $900 million already retired under a $2 billion program, and paid out $452 million in cash dividends in 2025.
- Key drivers for 2026 include significant step-ups from new media rights agreements totaling over $15 billion, expected over $300 million in financial incentive packages (FIPs), and an estimated $75 million Adjusted EBITDA contribution from the FIFA 2026 World Cup.
2 days ago
TKO Group Holdings Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance, and Expands Share Repurchase Program
TKO
Earnings
Guidance Update
Share Buyback
- TKO Group Holdings reported Q4 2025 revenue of $1.038 billion and Adjusted EBITDA of $281 million, contributing to full-year 2025 revenue of $4.735 billion and Adjusted EBITDA of $1.585 billion, which exceeded the upper end of revised guidance.
- The company provided full-year 2026 guidance targeting revenue of $5.675 billion-$5.775 billion and Adjusted EBITDA of $2.24 billion-$2.29 billion, projecting an Adjusted EBITDA margin of 39.6% at the midpoint.
- TKO announced its intent to repurchase up to an additional $1 billion of Class A common stock, following approximately $900 million already repurchased under its $2 billion program, and confirmed it doubled its quarterly cash dividend in 2025.
- Strategic drivers for 2026 include significant step-ups from new media rights deals, such as UFC's $7.7 billion deal with Paramount and WWE's $1.6 billion deal with ESPN, and an expected $300 million in aggregate value from Financial Incentive Packages (FIPs).
- Management reiterated that 2026 is a "year of execution" focused on organic growth, not M&A, and raised its 2030 partnerships revenue target to $1.2 billion.
2 days ago
TKO Group Holdings, Inc. Reports Q4 and Full Year 2025 Results, Provides 2026 Guidance, and Announces Share Repurchase Plan
TKO
Earnings
Guidance Update
Share Buyback
- TKO Group Holdings, Inc. reported revenue of $1.038 billion for the fourth quarter of 2025 and $4.735 billion for the full year 2025.
- For the full year 2025, the company achieved net income of $546.2 million and Adjusted EBITDA of $1.585 billion.
- TKO provided full-year 2026 guidance, targeting revenue between $5.675 billion and $5.775 billion and Adjusted EBITDA between $2.240 billion and $2.290 billion.
- The company intends to launch up to $1 billion in share repurchases in March 2026, with $1.096 billion available under the repurchase program as of February 24, 2026.
- In full year 2025, TKO returned in excess of $1.3 billion of capital to equity holders through share repurchases and dividend payments, including a $0.78 per share quarterly cash dividend paid on December 30, 2025.
2 days ago
TKO Group Holdings Reports Strong Full Year 2025 Results and Issues 2026 Guidance
TKO
Earnings
Guidance Update
Share Buyback
- TKO Group Holdings reported full year 2025 revenue of $4.735 billion, net income of $546.2 million, and Adjusted EBITDA of $1.585 billion.
- For the fourth quarter of 2025, the company achieved revenue of $1.038 billion, net income of $0.8 million, and Adjusted EBITDA of $281.2 million.
- The company provided full year 2026 guidance, targeting revenue between $5.675 billion and $5.775 billion and Adjusted EBITDA between $2.240 billion and $2.290 billion.
- TKO intends to launch up to $1 billion in share repurchases in March 2026 and returned over $1.3 billion of capital to equity holders in 2025 through share repurchases and dividend payments.
2 days ago
TKO Provides Business Update and Financial Outlook at UBS Conference
TKO
Guidance Update
New Projects/Investments
Dividends
- TKO is a year ahead of schedule on its pro forma for the WWE and UFC merger, with both businesses operating at 50% margins.
- The company has secured $15 billion in new media deals, representing $2 billion AAV, which are high-margin, multi-year, and predictable. The new UFC rights deal with Paramount+ includes a 2X step-up in rights fees and will simulcast content on CBS to over 100 million homes, significantly expanding reach.
- TKO has increased its partnerships and marketing revenue target to $1.2 billion by 2030 (up from $1 billion) and expects to exceed $450 million for the current year, surpassing its internal goal of $375 million.
- The company anticipates margin accretion to over 35% (from 33%-33.5%) and maintains a target of 60% free cash flow conversion on a normalized basis, while also doubling its dividend and continuing share buybacks.
Dec 9, 2025, 5:45 PM
TKO Provides Update on Strategic Initiatives and Financial Outlook
TKO
Guidance Update
New Projects/Investments
Dividends
- TKO is a year ahead of schedule on its pro forma, with WWE and UFC operating as 50% margin businesses.
- New media deals for WWE (ESPN) and UFC (Paramount+) total $15 billion ($2 billion AAV), are high margin, multi-year, and include escalators. The UFC's deal with Paramount+ represents a 2X step-up in rights fees and will simulcast roughly half of its premium events on CBS to over 100 million homes.
- The company's partnerships and marketing revenue is approximately $450 million for the year, surpassing the internal goal of $375 million, and the target for this segment by 2030 has been raised from $1 billion to $1.2 billion.
- TKO anticipates margin accretion to over 35% from the current 33%-33.5%, while maintaining a 60% normalized free cash flow conversion target.
- Zuffa Boxing is set to launch its first fight on January 23rd, operating as a joint venture with Saudi Arabia, with TKO aiming for 50/50 ownership and expecting to generate approximately $10 million per super fight. The company is also focused on returning capital to shareholders through a doubled dividend and ongoing share buybacks, with no immediate plans for M&A.
Dec 9, 2025, 5:45 PM
TKO Provides Update on Merger Progress, New Media Deals, and Financial Outlook
TKO
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- TKO is ahead of schedule on its pro forma for the WWE and UFC merger, with new media deals for WWE and UFC totaling $15 billion ($2 billion AAV) that are high-margin, multi-year, and predictable.
- The UFC's new deal with Paramount+ (Skydance), launching January 24th, represents a 2X step-up in rights fees and removes the double paywall. Approximately half of the 12-13 premium events will be simulcast on CBS, reaching over 100 million homes.
- TKO's Zuffa Boxing venture will launch its first fight on January 23rd, with a partnership in Saudi Arabia where TKO aims for 50/50 ownership in the JV and expects to generate approximately $10 million per fight for 2-4 "super fights" annually.
- Partnerships and marketing revenue for WWE and UFC is approximately $450 million for the current year, exceeding the internal goal of $375 million. The company has increased its target for partnerships and marketing for TKO assets to $1.2 billion by 2030, up from $1 billion, incorporating new ad inventory from media deals.
- TKO anticipates margin expansion to over 35% from the current 33-33.5% and maintains a 60% free cash flow conversion target on a normalized basis. Capital allocation priorities include returning capital to shareholders through a doubled dividend and share buybacks, with no active M&A pursuits.
Dec 9, 2025, 5:45 PM
TKO Reports Q3 2025 Results and Raises Full-Year Guidance
TKO
Earnings
Guidance Update
Dividends
- TKO Group Holdings reported Q3 2025 revenue of $1.12 billion, a 27% decline year-over-year, primarily due to a 59% drop in IMG revenue (absence of 2024 Paris Olympics) and an 8% fall in UFC revenue (fewer events), while WWE revenue increased by 23% to $402 million.
- Despite the overall revenue decline, net income significantly rose to $106.8 million (from $3.4 million in Q3 2024) and Adjusted EBITDA reached $360.2 million, driven by cost reductions and operational efficiencies.
- The company raised its full-year 2025 revenue guidance to $4.69-$4.72 billion and Adjusted EBITDA guidance to $1.57-$1.58 billion, buoyed by new multi-year media rights deals for UFC and WWE.
- TKO generated $398.9 million in free cash flow for the quarter and is continuing its capital return program, including raising its dividend (most recently $0.76 per share) and share repurchases.
Nov 6, 2025, 10:14 AM
TKO Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Announces Key Strategic Initiatives
TKO
Earnings
Guidance Update
Share Buyback
- TKO reported strong Q3 2025 results, with live events and hospitality revenue increasing 61% to $83 million, media rights production and content revenue up 9% to $249 million, and partnerships and marketing revenue growing 84% to $40 million.
- The company secured landmark media rights deals, including a seven-year, $7.7 billion agreement for UFC with Paramount Global starting in 2026, and a five-year premium live events partnership for WWE with ESPN.
- TKO doubled its quarterly cash dividend and launched a $1 billion stock buyback program, including an $800 million ASR agreement.
- Full-year 2025 guidance was raised for the third consecutive quarter, with targeted revenue of $4.69 billion-$4.72 billion and Adjusted EBITDA of $1.57 billion-$1.58 billion.
- Looking ahead to 2026, the company anticipates a significant step-up in financials from new media rights deals, an increase to three WWE PLEs in Saudi Arabia, and aims for $1 billion in total company partnership revenue by around 2030.
Nov 5, 2025, 10:00 PM
Quarterly earnings call transcripts for TKO Group Holdings.
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