TKO

EX-99.1

2 tko-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:

Investors:

Seth Zaslow szaslow@tkogrp.com

Media:

press@tkogrp.com

TKO Reports Third Quarter 2026 Results

Raises Full Year 2026 Guidance

Announces Intent to Commence Additional Share Repurchases

Third Quarter 2026 Financial Highlights

• Revenue of $1.360 billion

• Net income of $277.9 million

• Adjusted EBITDA1 of $555.7 million

• Year-to-date, the Company has returned in excess of $1.6 billion of capital to equity holders through share repurchases and dividend payments and related distributions

Full Year 2026 Guidance

• The Company increased its target for revenue to $5.790 billion to $5.830 billion

• The Company increased its target for Adjusted EBITDA to $2.295 billion to $2.315 billion

New York, NY, November 4, 2026 – TKO Group Holdings, Inc. (“TKO” or the “Company”) (NYSE: TKO) today announced financial results for its third quarter ended September 30, 2026.

“Our third quarter performance reflects the secular tailwinds powering live events and experiences around the world, and TKO’s assets sit front and center of that premium ecosystem,” said Mark Shapiro, President and COO of TKO. “As we close out what we’ve called our year of execution, our decision to raise full-year guidance for the second time this year is the clearest expression of our conviction across the entire portfolio. Our business is durable and our fundamentals are solid, with the vast majority of our existing revenues locked in for the next five to seven years. Macro trends are firmly in our favor, every facet of sports consumption is pointing north, and we see substantial runway ahead.”

Consolidated Results2

Third Quarter 2026

Revenue increased 21%, or $240.2 million, to $1.360 billion. The increase primarily reflected an increase of $194.0 million at UFC, to $519.2 million, a decrease of $2.8 million at WWE, to $399.3 million, and an increase of $54.6 million at the IMG segment, to $391.3 million.

Net Income was $277.9 million, an increase of $171.1 million from $106.8 million in the prior year period. The improvement reflected the increase in revenue partially offset by an increase in operating

expenses. The increase in operating expenses primarily reflected an increase in direct operating costs of $49.3 million and an increase in selling, general and administrative expenses of $21.4 million, partially offset by a decrease in depreciation and amortization of $36.1 million.

Adjusted EBITDA1 increased 54%, or $195.5 million, to $555.7 million, due primarily to an increase of $119.7 million at UFC, to $285.3 million, an increase of $9.4 million at WWE, to $217.2 million, and an increase of $54.5 million at the IMG segment, to $115.9 million.

Adjusted EBITDA margin increased to 41% from 32%.

Cash flows generated by operating activities were $472.1 million, an increase of $55.3 million from $416.8 million, primarily due to the improved operating performance and the timing of working capital.

Free Cash Flow3 was $449.9 million, an increase of $51.0 million from $398.9 million, due to the increase in cash flows generated by operating activities, partially offset by an increase in capital expenditures.

Cash and cash equivalents were $630.9 million as of September 30, 2026. Gross debt was $4.647 billion as of September 30, 2026.

Results by Operating Segment4

The table below reflects TKO’s performance by operating segment:

Three Months Ended

Nine Months Ended

(in millions)

September 30,

September 30,

2026

2025

2026

2025

Revenue:

UFC

$

519.2

$

325.2

$

1,456.1

$

1,100.8

WWE

399.3

402.1

1,495.9

1,349.8

IMG

391.3

336.7

1,401.4

1,119.6

Total revenue from reportable segments

1,309.8

1,064.0

4,353.4

3,570.2

Corporate and Other

61.3

63.3

183.7

162.3

Eliminations

(11.0

)

(7.4

)

(33.0

)

(35.4

)

Total Revenue

$

1,360.1

$

1,119.9

$

4,504.1

$

3,697.1

Adjusted EBITDA:

UFC

$

285.3

$

165.6

$

820.2

$

637.8

WWE

217.2

207.8

841.6

731.5

IMG

115.9

61.4

291.8

163.9

Total Adjusted EBITDA from reportable segments

618.4

434.8

1,953.6

1,533.2

Corporate and Other

(62.7

)

(74.6

)

(198.2

)

(229.1

)

Total Adjusted EBITDA

$

555.7

$

360.2

$

1,755.4

$

1,304.1

2

UFC

Three Months Ended

Nine Months Ended

(in millions)

September 30,

September 30,

2026

2025

2026

2025

UFC Revenue:

Media rights, production and content

$

332.8

$

200.5

$

933.3

$

685.1

Live events and hospitality

79.6

43.6

175.9

160.7

Partnerships and marketing

91.3

70.8

303.2

220.9

Consumer products licensing and other

15.5

10.3

43.7

34.1

Total Revenue

$

519.2

$

325.2

$

1,456.1

$

1,100.8

Third Quarter 2026

Revenue increased 60%, or $194.0 million, to $519.2 million driven by a $132.3 million increase in media rights, production and content revenue, a $36.0 million increase in live events and hospitality revenue, a $20.5 million increase in partnerships and ma

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EX-99.1

2 tko-ex99_1.htm

EX-99.1

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

Contacts:

Investors:

Seth Zaslow szaslow@tkogrp.com

Media:

press@tkogrp.com

TKO Reports First Quarter 2026 Results

Announces Board Authorization Of Up To An Additional $1 Billion Of Share Repurchases

First Quarter 2026 Financial Highlights

• Revenue of $1.597 billion

• Net income of $249.8 million

• Adjusted EBITDA1 of $549.8 million

• Returned approximately $1.0 billion of capital to equity holders through share repurchases and dividend payments and related distributions

Full Year 2026 Guidance

• The Company reaffirmed its target for revenue of $5.675 billion to $5.775 billion

• The Company reaffirmed its target for Adjusted EBITDA of $2.240 billion to $2.290 billion

New York, NY, May 6, 2026 – TKO Group Holdings, Inc. (“TKO” or the “Company”) (NYSE: TKO) today announced financial results for its first quarter ended March 31, 2026.

“TKO is off to a formidable start in 2026, with strong results and continued momentum across each of our businesses,” said Ariel Emanuel, Executive Chair and CEO of TKO. “We are reaffirming our full-year guidance, and today’s incremental $1 billion share repurchase authorization underscores our conviction in TKO and its long-term value.”

“TKO’s first quarter results reflect the strength and durability of our premium IP. Our media rights portfolio is firmly in place, our financial incentive packages continue to scale, and demand for our premium live events and experiences is healthy,” said Mark Shapiro, President and COO of TKO. “With UFC Freedom 250 at the White House and On Location’s FIFA World Cup partnership, TKO will take center stage this summer, crowning moments for audience growth, cultural relevance, and our business trajectory.”

Consolidated Results2

First Quarter 2026

Revenue increased 26%, or $328.1 million, to $1.597 billion. The increase primarily reflected an increase of $41.5 million at UFC, to $401.2 million, an increase of $84.2 million at WWE, to $475.7 million, and an increase of $179.1 million at the IMG segment, to $655.4 million.

Net Income was $249.8 million, an improvement of $84.3 million from $165.5 million in the prior year period. The improvement reflected the increase in revenue partially offset by an increase in operating expenses. The increase in operating expenses primarily reflected an increase in direct operating costs of $166.8 million, an increase in selling, general and administrative expenses of $16.9 million, and an increase in depreciation and amortization of $43.3 million. The increases in direct operating costs and selling, general and administrative expenses were principally due to expenses recorded at the IMG segment related to the 2026 Milano Cortina Olympics.

Adjusted EBITDA1 increased 32%, or $132.4 million, to $549.8 million, due primarily to an increase of $27.1 million at UFC, an increase of $62.2 million at WWE, and an increase of $23.8 million at the IMG segment.

Adjusted EBITDA margin increased to 34% from 33%.

Cash flows generated by operating activities were $694.5 million, an increase of $531.7 million from $162.8 million, primarily due to the improved operating performance and the timing of working capital, including approximately $582.4 million of net pre-payments held in escrow related to FIFA World Cup 26.

Free Cash Flow3 was $674.5 million, an increase of $539.0 million from $135.5 million, due to the increase in cash flows generated by operating activities and a decrease in capital expenditures.

Cash and cash equivalents were $788.9 million as of March 31, 2026. Gross debt was $4.671 billion as of March 31, 2026.

2

Results by Operating Segment4

The table below reflects TKO’s performance by operating segment:

Three Months Ended

(in millions)

March 31,

2026

2025

Revenue:

UFC

$

401.2

$

359.7

WWE

475.7

391.5

IMG

655.4

476.3

Total revenue from reportable segments

1,532.3

1,227.5

Corporate and Other

73.9

54.4

Eliminations

(9.3

)

(13.1

)

Total Revenue

$

1,596.9

$

1,268.8

Adjusted EBITDA:

UFC

$

254.5

$

227.4

WWE

256.1

193.9

IMG

97.3

73.5

Total Adjusted EBITDA from reportable segments

607.9

494.8

Corporate and Other

(58.1

)

(77.4

)

Total Adjusted EBITDA

$

549.8

$

417.4

UFC

Three Months Ended

(in millions)

March 31,

2026

2025

UFC Revenue:

Media rights, production and content

$

275.3

$

224.1

Live events and hospitality

48.5

58.6

Partnerships and marketing

67.1

64.3

Consumer products licensing and other

10.3

12.7

Total Revenue

$

401.2

$

359.7

First Quarter 2026

Revenue increased 12%, or $41.5 million, to $401.2 million primarily driven by a $51.2 million increase in media rights, production and content revenue, and a $2.8 million increase in partnerships and marketing revenue, partially offset by a $10.1 million decrease in live events and hospitality revenue. The increase in media rights, production and content revenue was primarily rel