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TKO Group Holdings, Inc. (DE:WWFA)
FRANKFURT:WWFA
Germany Market

TKO Group Holdings (WWFA) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
May 07, 2026
Before Open (Confirmed)
Period Ending
2026 (Q1)
Consensus EPS Forecast
1.23
Last Year’s EPS
0.59
Same Quarter Last Year
Based on 16 Analysts Ratings

Earnings Call Summary

Q4 2025
Earnings Call Date:Feb 25, 2026|
% Change Since:
|
Earnings Call Sentiment|Positive
The call presents a broadly positive operational and financial narrative: management highlighted transformational media-rights deals, strong adjusted EBITDA growth (+47% YoY) and significant margin expansion, robust cash generation and aggressive capital returns (dividends doubled and sizable buybacks). Key growth levers—media rights, partnerships, live events and FIPs—are driving 2026 guidance that implies substantial step-up in revenue (~21%) and EBITDA (~43%). Offsetting items include a modest FY2025 revenue decline (-3%) largely attributable to timing, a weaker IMG business (Q4 revenue -9% and negative EBITDA), one-time costs and timing-related cash flow volatility (World Cup distributions, antitrust settlement payments, White House event cost) and higher expected cash taxes in 2026. On balance, highlights materially outweigh the lowlights given the scale of recurring high-margin media deals, margin expansion and strong cash returns, supporting an overall positive outlook.
Company Guidance
TKO guided full‑year 2026 revenue of $5.675–$5.775 billion and adjusted EBITDA of $2.24–$2.29 billion (midpoint implying ~21% revenue growth, ~43% EBITDA growth and a ~39.6% adjusted EBITDA margin — ~600 bps expansion vs. 2025), after 2025 results of $4.735B revenue and $1.585B adjusted EBITDA (33.5% margin) and Q4 results of $1.038B revenue/$281M adjusted EBITDA (27% margin). Key drivers cited include more than $15B of long‑term media rights (notably UFC’s $7.7B Paramount deal and WWE’s $1.6B ESPN deal), over $300M of aggregate financial incentive packages (FIPs) expected in 2026 (normalized ≈$240M) with a $380–$420M FIP target by 2030, partnerships exceeding $450M in 2025 and a raised 2030 partnerships target of $1.2B, plus expected World Cup contribution of ~$75M adjusted EBITDA and Milano Olympics revenue of ~ $170M. Capital and cash metrics highlighted: 2025 free cash flow $1.159B (73% conversion of adjusted EBITDA; normalized target >60%), year‑end net leverage 1.9x (net debt $2.952B / adj. EBITDA $1.585B), cash $831M + $355M restricted, dividends of ~$150M quarterly ($0.78/sh) / $452M for the year, ~ $900M repurchased in 2025 and intent to repurchase up to an additional $1B, and near‑term working‑capital and cash‑tax headwinds from the Paramount payment schedule and World Cup distributions. Strategic proof points cited include UFC 324’s ~5M streaming views and WWE’s 525M hours streamed on Netflix in year one.
Significant Media Rights Agreements
Secured landmark long-term media rights including UFC's $7.7 billion deal with Paramount and WWE's $1.6 billion deal with ESPN; company now has more than $15 billion of long-term media rights across UFC, WWE, PBR and Zuffa Boxing, providing high-margin, recurring revenue with annual escalators.
Strong Adjusted EBITDA Growth and Margin Expansion
Full-year 2025 adjusted EBITDA of $1.585 billion, up 47% year-over-year; adjusted EBITDA margin expanded to 33.5% (up ~11+ percentage points vs 2024). Guidance targets 2026 adjusted EBITDA of $2.24B–$2.29B, implying ~43% growth and margin expansion to ~39.6% at the midpoint (~600 basis points improvement).
Revenue and Q4 Operational Momentum
Fourth quarter 2025 revenue of $1.038 billion, up 12% YoY; Q4 adjusted EBITDA of $281 million, up 30% YoY, and Q4 adjusted EBITDA margin of 27% (up ~4 percentage points). Full-year revenue was $4.735 billion with management emphasizing 2026 revenue guidance of $5.675B–$5.775B (midpoint ~21% growth).
UFC and WWE Segment Strength
UFC Q4 revenue $401M (+17% YoY) and adjusted EBITDA $213M (+20%), with a 53% adj. EBITDA margin. WWE Q4 revenue $360M (+21% YoY) and adjusted EBITDA $165M (+44% YoY); WWE delivered >50% margin for the first time in 2025 and Q4 margin of 46% (up from 38%).
Partnerships and Content Engagement
Global partnerships revenue accelerated — UFC partnerships +39% to $93M in Q4; WWE partnerships +57% to $36M. WWE on Netflix streamed 525 million hours in the first year of the deal; UFC 324 on Paramount+ drove nearly 5 million streaming views (largest exclusive live event in Paramount+ history). Company raised 2030 partnerships target from $1.0B to $1.2B.
Robust Free Cash Flow and Capital Returns
Generated $1.159 billion of free cash flow in 2025 with free cash flow conversion of adjusted EBITDA at 73% (normalized conversion >60%). Returned meaningful capital: approximately $452M in dividends for the year and repurchased ~ $900M of Class A stock in 2025; announced intent to repurchase up to an additional $1B.
Live Events Demand and Monetization Levers
Strong live-event performance: Q4 sold out six UFC events and WWE achieved its highest-grossing arena date (John Cena farewell). Management expects to realize over $300M in aggregate value from financial incentive packages (FIPs) in 2026 (normalized ~ $240M) and targets $380M–$420M from FIPs by 2030.
Strategic Asset Integration and New Ventures
Integrated IMG and On Location to expand rights, production and hospitality capabilities (On Location delivered premium hospitality at 65+ events). Launched Zuffa Boxing with an initial Paramount+ media rights deal for U.S./Canada/Latin America and progressing toward earning additional equity tranches in the JV.

TKO Group Holdings (DE:WWFA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

DE:WWFA Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
May 07, 2026
2026 (Q1)
1.23 / -
0.585
Feb 25, 2026
2025 (Q4)
0.20 / -0.07
0.237-128.57% (-0.31)
Nov 05, 2025
2025 (Q3)
0.50 / 0.40
0.23767.86% (+0.16)
Aug 06, 2025
2025 (Q2)
0.99 / 0.99
0.6162.50% (+0.38)
May 08, 2025
2025 (Q1)
0.52 / 0.59
-1.068154.76% (+1.65)
Feb 26, 2025
2024 (Q4)
0.12 / 0.24
-0.136275.00% (+0.37)
Nov 06, 2024
2024 (Q3)
0.44 / 0.24
-0.22207.69% (+0.46)
Aug 08, 2024
2024 (Q2)
0.70 / 0.61
0.5687.46% (+0.04)
May 08, 2024
2024 (Q1)
0.36 / -1.07
0.365-393.02% (-1.43)
Feb 27, 2024
2023 (Q4)
0.45 / -0.14
0.382-135.56% (-0.52)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed

DE:WWFA Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 25, 2026
€91.30€91.300.00%
Nov 05, 2025
€91.30€91.300.00%
Aug 06, 2025
€91.30€91.300.00%
May 08, 2025
€91.30€91.300.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does TKO Group Holdings, Inc. (DE:WWFA) report earnings?
TKO Group Holdings, Inc. (DE:WWFA) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
    What is TKO Group Holdings, Inc. (DE:WWFA) earnings time?
    TKO Group Holdings, Inc. (DE:WWFA) earnings time is at May 07, 2026, Before Open (Confirmed).
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
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          What is the P/E ratio of TKO Group Holdings, Inc. stock?
          The P/E ratio of TKO Group Holdings is N/A.
            What is DE:WWFA EPS forecast?
            DE:WWFA EPS forecast for the fiscal quarter 2026 (Q1) is 1.23.