AI-extracted from the 10-Q filed 2026-08-03 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue rose 18% YoY to $1,547.1M driven by WWE and UFC media rights growth and IMG's FIFA World Cup hospitality sales, but SG&A jumped 27% on $30.0M of WWE stockholder litigation costs and interest expense rose 46% on higher debt.
Biggest Revenue Drivers
WWE$620.9M+12% YoY
$80.8M higher media rights revenue from new ESPN and Netflix content distribution agreements, partly offset by a $33.7M live event revenue decline tied to WrestleMania returning to Las Vegas
UFC$535.7M+29% YoY
$64.7M higher media rights revenue from the new Paramount content distribution agreement and $59.0M higher partnerships revenue driven by the UFC Freedom 250 event at the White House
Biggest Revenue Drivers
Total revenue: $1,547.1M+18% YoY
WWE$620.9M+12% YoY
$80.8M higher media rights revenue from new ESPN and Netflix content distribution agreements, partly offset by a $33.7M live event revenue decline tied to WrestleMania returning to Las Vegas
UFC$535.7M+29% YoY
$64.7M higher media rights revenue from the new Paramount content distribution agreement and $59.0M higher partnerships revenue driven by the UFC Freedom 250 event at the White House
IMG$354.7M+16% YoY
$66.4M higher live events and hospitality revenue driven by On Location hospitality sales tied to the FIFA World Cup 2026
Corporate and Other$48.5M+9% YoY
$2.9M higher management fees for services primarily related to boxing
Largest Expense Items
Direct operating costs$556.1M+17% YoY
UFC costs rose $75.9M (65%), primarily production, athlete and event-related costs tied to the UFC Freedom 250 event at the White House
Selling, general and administrative expenses$462.7M+27% YoY
$79.9M higher legal fees, including a $30.0M estimated loss net of insurance recoveries and $25.6M of professional fees tied to WWE stockholder litigation
Depreciation and amortization$98.5M-1% YoY
Margins: Adjusted EBITDA margin expanded to 42% from 40% YoY as segment revenue growth outpaced cost increases, even though SG&A grew 27% on litigation-related legal costs; net income margin slipped slightly to 20% from 21%.
Watch Items from the Filing
WWE agreed to a $105.0M settlement in the Delaware stockholder litigation, expected to be funded by $75.0M of probable insurance recoveries, resulting in an estimated $30.0M net loss recorded in SG&A.
First lien term loan balance grew to $4.6B from $3.7B after a $900.0M incremental term loan in March 2026; net interest expense rose 46% YoY to $70.6M, and a 1% rate increase would add ~$46M to annual interest expense.
Board authorized an additional $1.0B of Class A share repurchases in May 2026 (incremental to the existing $2.0B program), and the company repurchased $967.6M of stock in the first half of 2026.
IMG segment Adjusted EBITDA margin rose to 22% from 9% YoY, but the gain was driven by non-recurring hospitality demand from the FIFA World Cup 2026 and Milano Cortina Olympics.
Multiple unresolved antitrust class actions against UFC/Zuffa remain in discovery (Johnson, Cirkunovs, Davis, Costantino), with the Costantino case also naming TKO and EGH as defendants.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Bynoe Peter C BReporting ownerGrant or award · Jun 10, 2026
Koonin Steven RReporting ownerGrant or award · Jun 10, 2026
Congress trading in TKO
3 transactions in TKO reported by 2 members of Congress under the STOCK Act, most recent trade Nov 26, 2025. Reported transactions, not recommendations.
About TKO Group Holdings, Inc. (TKO): stock profile, AI score and financials
TKO Group Holdings, Inc. (TKO) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores TKO at 57.2/100 on a composite quality score built from its SEC filings, placing it at rank #1,101 of 2,925 stocks — the top half of the AI-ranked universe. TKO scores in the top quartile across earnings quality (91.2), free cash flow (87.6), revenue scale (78.7). Areas of concern include institutional flow (12.6) and revenue growth (33.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 35.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), TKO Group Holdings, Inc. reports quarterly revenue of $1.5B, net income of $101.6M, an operating margin of 27.8%. Top institutional holders of TKO by reported 13-F value include BlackRock, MORGAN STANLEY, STATE STREET, based on the most recent SEC filings. TKO trades on the NYSE exchange and files with the SEC under CIK 1973266. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate TKO daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for TKO Group Holdings, Inc. directly from SEC EDGAR.