TKO Group Holdings, Inc. (TKO)
NYSE:TKO
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.56Last Year’s EPS
1.17Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple material positives: robust consolidated growth (revenue +26%, adjusted EBITDA +32%), strong segment performances (WWE, IMG, UFC media rights lift), healthy cash generation and an active capital return program, plus confirmed full-year guidance with significant margin expansion. Lowlights were largely timing- and event-specific (fewer UFC Fight Nights, higher launch and one-off event costs including an expected ~$30M loss on Freedom 250), near-term cost pressure from talent and international events, and geopolitical uncertainty in the Middle East which management says is being managed with committed partners. On balance, achievements and momentum materially outweigh the challenges discussed.Company Guidance
Strong Consolidated Financial Results
Q1 revenue of $1.597 billion (+26% year-over-year) and adjusted EBITDA of $550 million (+32% YoY); adjusted EBITDA margin of 34% (≈+150 bps YoY).
Reaffirmed Full-Year Guidance with Material Upside
Reaffirmed FY2026 guidance: revenue $5.675B–$5.775B and adjusted EBITDA $2.24B–$2.29B, implying ~21% revenue growth, ~43% adjusted EBITDA growth and ~600 bps margin expansion at the midpoint.
UFC Growth and Media Rights Lift
UFC revenue $401M (+12% YoY) and adjusted EBITDA $255M (+12% YoY); media rights/production revenue up 23% to $275M driven by Paramount+ partnership and CBS simulcast (UFC 326 was the most-watched live UFC event since 2016; CBS audience ~270% above last year's UFC linear average).
WWE Revenue and Margin Expansion
WWE revenue $476M (+22% YoY) and adjusted EBITDA $256M (+32% YoY); adjusted EBITDA margin improved to 54% (+4 percentage points). Media rights revenue +12% to $282M and live events/hospitality revenue +62% to $123M (benefiting from Royal Rumble in Saudi).
IMG Outperformance Driven by Major Events
IMG revenue $655M (+38% YoY) and adjusted EBITDA $97M (+32% YoY); growth driven by On Location (Milano Cortina Olympics) and strong bookings for LA28 and FIFA World Cup experiential hospitality (World Cup sales >2x any prior World Cup).
Zuffa Boxing Early Traction
Zuffa Boxing signed >100 fighters, staged five events with solid Paramount+ viewership, secured a multiyear Sky Sports deal for U.K./Ireland and media rights in 15+ territories—exceeding internal growth plans.
Robust Free Cash Flow and Capital Returns
Generated $675M of free cash flow in Q1 with free cash flow conversion of adjusted EBITDA at 123% (includes $582M net collections for On Location). Returned ~ $1B to shareholders in the quarter via dividends and buybacks; Board authorized an additional $1B repurchase program.
Healthy Balance Sheet and Comfortable Leverage
Ended Q1 with $4.671B debt, $789M cash, $937M restricted cash; net debt $3.882B and net leverage ~2.3x (LTM adjusted EBITDA $1.718B). Management comfortable with leverage profile and expects deleveraging over time.
Live Event Demand and Global Expansion
Multiple sellouts and arena records across UFC and WWE (e.g., >106,000 fans at WrestleMania 42 over two nights; UFC Fight Night highest-ever North America Fight Night gate in Seattle); expanding live events into new markets (Azerbaijan, Serbia, Philadelphia) and leaning into FIP pipeline.
Strategic Partnerships and Distribution Wins
New/expanded deals including Netflix (WWE archive), CW (NXT PLEs), Sky Sports (Zuffa Boxing), Apple/IMG F1 production, and a long-term World Rugby partnership—broadening monetization channels and global reach.
TKO Earnings History
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
TKO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $190.47 | $187.51 | -1.55% |
Feb 25, 2026 | $206.38 | $222.91 | +8.01% |
Nov 05, 2025 | $185.79 | $179.60 | -3.33% |
Aug 06, 2025 | $153.83 | $158.90 | +3.30% |
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. (TKO) report earnings?
TKO Group Holdings, Inc. (TKO) is schdueled to report earning on Aug 06, 2026, Before Open (Confirmed).
What is TKO Group Holdings, Inc. (TKO) earnings time?
TKO Group Holdings, Inc. (TKO) earnings time is at Aug 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is TKO EPS forecast?
TKO EPS forecast for the fiscal quarter 2026 (Q2) is 1.56.