TKO
TKO Group Holdings, Inc.210.65
+3.20+1.54%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Zuffa clarified; execution, no M&A.
Q&A downplayed Zuffa Boxing's Conor Benn signing as a single super fight funded entirely by partner Sela, dismissing UFC competitive risks amid promoter backlash. Management reinforced 2026 as pure execution year, explicitly pausing M&A hunts to hit near-40% EBITDA margins via organic levers like FIPs and partnerships. White House UFC event details sharpened: $60 million-plus cost, half offset by B2B inventory, but zero profit—long-term brand bet. Buybacks continue aggressively until accretive. No distractions. Investors watch Zuffa ramp, live demand elasticity.
Key Stats
Market Cap
17.30BP/E (TTM)
80.71Basic EPS (TTM)
2.61Dividend Yield
0.01%Recent Filings
8-K
TKO funds $1B buyback
TKO secured $900M incremental term loan and upsized revolver to $350M on March 10, 2026, funding $800M accelerated share repurchase via ASR—expecting 3.1M shares initially—and $200M 10b5-1 plan under its $2B program. Debt matures 2031 at Term SOFR+2%; ASR completes by June. Signals strong cash confidence.
10-K
FY2025 results
TKO Group Holdings delivered FY2025 revenue of $4.7B, down 3% y/y amid the absence of 2024's Paris Olympics in IMG, yet Adjusted EBITDA surged 47% to $1.6B through UFC's 7% revenue growth to $1.5B and WWE's 22% jump to $1.7B on Netflix and ESPN deals. Q4 momentum accelerated with WrestleMania 41 drawing 118,000 attendees and UFC setting eight gate records, while margins expanded sharply post-acquisition integration. Debt stands at $3.7B after upsizing term loans to fund $867M buybacks and $150M quarterly dividends. Silver Lake's control via Endeavor poses governance risks.
8-K
TKO beats on EBITDA, eyes buybacks
TKO reported Q4 2025 revenue of $1.038B, up 12%, with Adjusted EBITDA jumping 30% to $281.2M; full-year revenue dipped to $4.735B but Adjusted EBITDA soared 47% to $1.585B, fueled by UFC and WWE gains despite IMG's Olympic hangover. Plans up to $1B share repurchases starting March 2026. Guides 2026 revenue $5.675B-$5.775B, Adjusted EBITDA $2.240B-$2.290B.
10-Q
Q3 FY2025 results
TKO posted Q3 revenue of $1.12B, down 27% y/y from $1.54B due to no Olympics boost in IMG's On Location, yet swung to operating income of $172M from $35M while gross margins strengthened on lower direct costs. WWE surged 23% y/y to $402M on media deals with Netflix and ESPN plus two-night SummerSlam; UFC dipped 8% y/y on fewer events. Cash swelled to $861M with $976M operating cash flow (9M y/y); free cash flow not disclosed in the 10-Q. Debt climbed to $3.7B after $1B term loan upsizing (6.04% rate, due 2031) with $205M revolver dry. Repurchased $826M Class A shares, hiked dividend to $0.76/share. Ongoing UFC antitrust suits pose class risks.
8-K
Q3 EBITDA jumps 59%
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