TKO Group
Owns UFC and WWE while providing sports-rights, production, and premium event services.
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Profile
Owns UFC and WWE and operates IMG, On Location, and PBR, earning from media rights and production, live events and hospitality, partnerships, and licensing. Its portfolio combines owned sports properties with services for third-party rights holders under Silver Lake-controlled governance.
Owns and operates UFC and WWE, while the IMG segment combines sports-rights sales and production with On Location’s premium hospitality services. PBR stages bull-riding competitions, and the Zuffa Boxing joint venture supports professional boxing promotion. Revenue comes from media rights, production, live-event tickets and site fees, hospitality, partnerships, marketing, and consumer-product licensing.
Pairs owned combat-sports and sports-entertainment properties with services for third-party rights holders, extending content across broadcast and streaming platforms, arenas, sponsors, merchandise, and fan experiences. Events and distribution span global markets, with most UFC and WWE fans outside the United States.
Results depend on media distributors, athletes and performers, event hosts, and discretionary consumer and corporate spending. Silver Lake controls the issuer through its control of Endeavor, the majority voting holder.
Company facts
Categories
Key statistics
Year to date −10.8% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 4, 2026 | Roth Capital | Reiterate | Buy | $228 | $230 | |
| Aug 4, 2026 | Morgan Stanley | Reiterate | Overweight | $225 | $230 | |
| Jul 28, 2026 | Bernstein | Reiterate | Outperform | $240 | $235 | |
| Jul 15, 2026 | Guggenheim | Reiterate | Buy | $225 | $230 | |
| Jul 14, 2026 | Seaport Global | Reiterate | Buy | $214 | $210 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | $1.41 | $1.34 | −5.0% | $1.54B | $1.55B | +0.3% | +0.33% |
| May 6, 2026Q1 FY26 | $1.11 | $1.12 | +0.9% | $1.59B | $1.60B | +0.3% | −1.55% |
| Feb 25, 2026Q4 FY25 | $0.24 | −$0.08 | −133.7% | $1.02B | $1.04B | +1.4% | +8.01% |
| Nov 5, 2025Q3 FY25 | $0.59 | $0.50 | −14.7% | $1.12B | $1.12B | +0.2% | −3.33% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.27B | $1.31B | $1.12B | $1.04B | $1.60B | $1.55B | |
| Gross profit | $600.6M | $732.7M | $551.1M | $462.6M | $862.5M | $991.0M | |
| Operating income | $285.1M | $386.6M | $197.1M | $92.5M | $338.5M | $429.8M | |
| Net income | $58.4M | $98.4M | $41.0M | −$2.4M | $89.4M | $101.6M | |
| Diluted EPS | $0.69 | $1.17 | $0.47 | −$0.03 | $1.12 | $1.34 | |
| Gross margin | 47.3% | 56.0% | 49.2% | 44.6% | 54.0% | 64.1% | |
| Operating margin | 22.5% | 29.5% | 17.6% | 8.9% | 21.2% | 27.8% |
Fiscal years (4-quarter sums)FY21 $1.10B · FY22 $1.27B · FY23 $1.67B · FY24 $4.60B · FY25 $4.74B
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.55B · Total debt $4.95B · Total assets $16.26B · Shareholders' equity $3.40B
Dividends
Last raised to $0.79 from $0.78 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 15, 2026 | Jun 15 | Jun 30 | $0.79 | raised from $0.78 |
| Mar 16, 2026 | Mar 16 | Mar 31 | $0.78 | |
| Dec 15, 2025 | Dec 15 | Dec 30 | $0.78 | raised from $0.76 |
| Sep 15, 2025 | Sep 15 | Sep 30 | $0.76 | raised from $0.38 |
| Jun 13, 2025 | Jun 13 | Jun 30 | $0.38 | |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.38 | raised from $0.12 |
| Sep 21, 2023 | Sep 22 | Sep 29 | $3.86 | special dividend |
| Jun 14, 2023 | Jun 15 | Jun 26 | $0.12 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 74.97M · Float 60.18M · 80.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Endeavor Group Holdings, Inc. | 122.14M | 62.60% | 13D | Jan 2, 2026 |
| Silver Lake West VoteCo, L.L.C. | 122.14M | 61.70% | 13D | Jun 4, 2025 |
| Fenelon Opportunity Fund Inc. | 9.46M | 5.00% | 13G | Aug 17, 2026 |
| Vincent K. McMahon | 6.44M | 7.88% | 13G | Aug 1, 2025 |
| BlackRock, Inc. | 5.67M | 7.56% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Nick Khan | director | −6,546 | $199.41 |
| Aug 18, 2026 | Nick Khan | director | −8,248 | $194.39 |
| Aug 18, 2026 | Mark S. Shapiro | director, officer: See Remarks | −19,120 | $194.39 |
| Aug 18, 2026 | Ariel Emanuel | director, officer: Chief Executive Officer | −24,702 | $194.39 |
| Aug 18, 2026 | Andrew M. Schleimer | officer: Chief Financial Officer | −9,942 | $194.39 |
Peers
- Formula One Group Series C
Global motorsport rights and hospitality rival across live sports
- Live Nation Entertainment
Live-event, ticketing and premium-experience scale rival
- Omnicom Group
Sports marketing and experiential agency rival to IMG
- Madison Square Garden Sports
Live sports IP rival for media rights, suites and sponsors
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| TKO Group | $185.76 | +0.63% | $13.84B | 63.7 | 33.1 | 2.6 | +18.2% |
| Formula One Group Series C | $101.80 | +0.03% | $25.51B | 55.3 | 47.8 | 5.4 | −30.4% |
| Live Nation Entertainment | $181.50 | −0.07% | $42.27B | — | 151.4 | 1.6 | +9.4% |
| Omnicom Group | $88.28 | −0.01% | $24.22B | 47.7 | 8.5 | 1.1 | +63.4% |
| Madison Square Garden Sports | $388.96 | −0.09% | $9.37B | 1,216.7 | — | 8.1 | +36.7% |
| Median | 55.3 | 47.8 | 3.5 | +23.0% |