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
6 questions for TKO
Also covers: AMT, BATRA, CCI +23 more
BR
Brandon Ross
LightShed Partners
6 questions for TKO
Also covers: LYV, MSGE, MSGS +1 more
Peter Supino
Wolfe Research
6 questions for TKO
Also covers: CHTR, DIS, FWONK +12 more
RG
Ryan Gravett
UBS
5 questions for TKO
Also covers: FWONK
Stephen Laszczyk
Goldman Sachs
4 questions for TKO
Also covers: CNK, FNKO, FWONK +9 more
DK
David Karnovsky
JPMorgan Chase & Co.
3 questions for TKO
Also covers: CCO, CNK, DIS +17 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
Jason Bazinet
Citigroup
1 question for TKO
Also covers: APP, CTV, FWONK +18 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 +1 more
Recent press releases and 8-K filings for TKO.
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
TKO Reports Strong Q3 2025 Results, Raises Full-Year Guidance, and Expands Capital Returns
TKO
Earnings
Guidance Update
Share Buyback
- TKO generated $1.12 billion in revenue and $360 million in Adjusted EBITDA for Q3 2025, achieving an Adjusted EBITDA margin of 32%.
- The company raised its full-year 2025 guidance for the third consecutive quarter, now targeting revenue between $4.69 billion and $4.72 billion and Adjusted EBITDA between $1.57 billion and $1.58 billion.
- TKO announced a doubling of its quarterly cash dividend and launched a $1 billion stock buyback program, which includes an $800 million ASR agreement and a $174 million 10b5-1 trading plan.
- Landmark media rights deals were secured, 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. Additionally, Zuffa Boxing announced a media rights agreement with Paramount for the US, Canada, and Latin America, with its official launch in 2026.
Nov 5, 2025, 10:00 PM
TKO Group Holdings Inc. Reports Q3 2025 Results and Raises Full-Year Guidance
TKO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- TKO Group Holdings Inc. reported Q3 2025 revenue of $1.12 billion and Adjusted EBITDA of $360 million.
- The company raised its full-year 2025 guidance for revenue to $4.69 billion-$4.72 billion and Adjusted EBITDA to $1.57 billion-$1.58 billion.
- TKO secured significant media rights agreements, including a seven-year, $7.7 billion UFC deal with Paramount Global starting in 2026, and a five-year WWE premium live events partnership with ESPN.
- In Q3 2025, TKO doubled its quarterly cash dividend and launched a $1 billion stock buyback program, including an ASR agreement for $800 million.
- The company anticipates future growth from these new media rights deals, an increase to three WWE PLEs in Saudi Arabia in 2026 (compared to one in 2025), and aims for $1 billion in total company partnership revenue by around 2030.
Nov 5, 2025, 10:00 PM
TKO Reports Q3 2025 Results, Raises Full Year Guidance, and Announces Capital Return
TKO
Earnings
Guidance Update
Share Buyback
- TKO Group Holdings, Inc. reported Q3 2025 revenue of $1.120 billion, net income of $106.8 million, and Adjusted EBITDA of $360.2 million.
- The company raised its full-year 2025 guidance, projecting revenue between $4.690 billion and $4.720 billion and Adjusted EBITDA between $1.570 billion and $1.580 billion.
- Significant media rights agreements were announced, including a seven-year deal with Paramount for UFC (average annual value of $1.1 billion starting 2026) and a five-year deal with ESPN for WWE PLEs (average annual value of $325 million starting September 2025).
- TKO initiated a return of capital program, including an $800 million accelerated share repurchase agreement and a 100% increase to its quarterly cash dividend program, with a payment of approximately $150 million, or $0.76 per share, on September 30, 2025.
Nov 5, 2025, 9:11 PM
TKO Group Holdings Announces $1 Billion Share Repurchase Program
TKO
Share Buyback
Debt Issuance
Dividends
- TKO Group Holdings has announced a $1 billion share repurchase plan, which is being funded through a $1 billion first lien term loan that closed on September 15, 2025.
- The plan includes an $800 million accelerated share repurchase (ASR) agreement, with an initial delivery of approximately 3.2 million shares and expected completion by December 2025.
- Following the ASR, TKO will repurchase up to $174 million in shares under a 10b5-1 trading plan, and it recently completed a $26 million privately negotiated share buyback on September 5, 2025.
- Mark Shapiro, TKO's President and COO, stated that these repurchases, combined with a 100% increase to the quarterly cash dividend program, demonstrate the company's commitment to delivering long-term shareholder value.
Sep 15, 2025, 11:24 AM
TKO Group Holdings Announces $1 Billion Share Repurchase
TKO
Share Buyback
Debt Issuance
Dividends
- TKO Group Holdings, Inc. announced $1 billion in share repurchases, consisting of an $800 million accelerated share repurchase (ASR) agreement, a 10b5-1 trading plan for up to $174 million, and a $26 million privately negotiated transaction completed on September 5, 2025.
- These repurchases are being conducted under TKO's previously announced $2.0 billion share repurchase authorization.
- The company intends to fund these share repurchases with proceeds from a $1.0 billion first lien term loan borrowing that closed on September 15, 2025.
- Under the ASR Agreement, TKO will pay $800 million on September 16, 2025, and expects an initial delivery of 3,161,430 shares of Class A common stock, with transactions expected to be completed in December 2025.
- After these planned repurchases, $1.0 billion will remain available under the Share Repurchase Program, which TKO expects to complete within approximately three to four years.
Sep 15, 2025, 11:23 AM
Quarterly earnings call transcripts for TKO Group Holdings.
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