NYSE$TKO

TKO Group Holdings Inc · Q2 2026 earnings

Q2 2026 earnings · · After market close · Investor relations

Briefing

TKO Group Holdings Inc reported Q2 2026 results with revenue growth driven by media rights and live events across UFC, WWE and IMG segments.

TKO reported revenue of $1.55 billion for the three months ended June 30, 2026, up 18% year-over-year. Net income reached $304 million with operating income of $430 million. The company continued its capital return program with share repurchases and dividends while maintaining strong segment performance.

  • Revenue increased 18% to $1.55 billion, led by UFC media rights and partnerships growth.
  • Adjusted EBITDA rose to $650 million, reflecting operational leverage across segments.
  • UFC, WWE and IMG all posted double-digit revenue gains year-over-year.
  • Balance sheet remains solid with $592 million in cash and $16.3 billion in total assets.

Headline financials

Total Revenue

$1.55B

Previous: $1.31B+18.2%
EPS (adj)

$1.34

Previous: $0.16+737.5%
Adjusted EBITDA

$650M

No prior period
Net Income

$304M

Previous: $98.4M+209.0%
Operating Income

$430M

Previous: $368M+16.7%
Cash & Equivalents

$592M

Previous: $535M+10.7%
Total Assets

$16.3B

Previous: $15.3B+6.0%

Revenue & EPS history

TKO · Revenue · Quarterly

$1.55B

Q2 2026+18.2%vs Q2 2025
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

TKO · $1.56B total across 4 segments · Q2 2026

  • WWE
    $621M
  • UFC
    $536M
  • IMG
    $355M
  • Corporate and Other
    $48.5M

Forward guidance

Management highlighted continued growth from media rights agreements and live events while executing on capital allocation priorities.

Tailwinds

  • New media distribution deals driving revenue visibility
  • Strong live event and hospitality demand

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 11 quarterly earnings reports

Historical avg

+0.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.0%

Avg return

30 days after

45%

5 / 11 earnings

Positive

+8.0%

Q4 2025

Best reaction

-5.5%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026
Q1 2026+1.9%-3.7%+9.0%
Q4 2025+8.0%+6.1%-8.7%
Q3 2025-3.3%-4.0%+8.0%
Q2 2025+3.3%+19.5%+24.7%
Q1 2025-5.5%-4.0%-1.8%
Q4 2024+2.3%-5.3%-4.1%
Q3 2024-1.0%+1.7%-6.6%
Q2 2024+0.0%+2.6%+1.6%
Q1 2024+0.0%+7.1%+9.6%
Q4 2022+0.0%-3.6%+4.2%
Q3 2023+1.2%-6.3%-14.0%

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