TKO Group Holdings, Inc. Class A (TKO)

In the past six months, TKO Group Holdings, Inc. reported strong Q1 2026 results with a revenue of $1.597 billion, a 26% increase year-over-year, and a net income of $249.8 million, leading to a stock price increase. The board authorized an incremental $1 billion share repurchase program. A quarterly dividend of $0.78 per share was paid on March 31, 2026. UFC content transitioned to Paramount+, and WWE programming moved to Netflix and ESPN through new media rights deals. The Royal Rumble event in Saudi Arabia significantly boosted WWE's live events and hospitality revenue. The acquisition of IMG, On Location, and PBR strengthened TKO's portfolio. As of May 8, 2026, TKO's stock price was $186.79, down 5.21% over the past month but up 10.55% over the past 12 months.

Demand seasonality for TKO Group Holdings' products and services is influenced by live events and media content. Major events like the Royal Rumble and preparations for the 2026 Milano Cortina Winter Olympics boost revenue. The company benefits from contracted revenue from media rights, global partnerships, and consumer products licensing. Prices for licensed merchandise fluctuate based on inventory levels, seasonality, and demand trends. TKO's businesses experience seasonality, impacting working capital, but its portfolio of year-round live events and long-term media rights deals mitigate extreme fluctuations in demand.

TKO Group Holdings, Inc. (TKO) is an American sports and entertainment company formed on September 12, 2023, through the merger of Zuffa (UFC) and World Wrestling Entertainment (WWE). The company operates in the Communication Services sector, encompassing Entertainment, Experiential Hospitality, Mass Media, Sports Entertainment, Sport Management, Sports Marketing, and Sports Promotion. TKO owns and manages sports and entertainment intellectual property through brands like UFC, WWE, IMG, On Location, and PBR. Its products and services include broadcasting, films, live events, merchandise, streaming, and licensing.

TKO Group Holdings, Inc. has a global presence, reaching approximately 1 billion households across 210 countries and territories. The company organizes over 500 live events annually, attracting more than 3 million fans in person each year. Its significant subsidiaries are primarily concentrated in North America and Asia, which together host 90.91% of its material entities. Net sales distribution is as follows: North America (77.3%), Europe-Middle East-Africa (14.5%), Asia-Pacific (6.7%), and Latin America (1.5%).

TKO Group Holdings' brand reputation has been influenced by positive developments and challenges. New streaming deals for UFC with Paramount+ and WWE with Netflix and ESPN are expected to build TKO's value and expand its audience base. The partnership with DoorDash aims to connect fans to custom integrations and experiences across WWE and UFC. However, there was fan backlash around raising ticket prices and the commercialization of events, impacting IMG's revenues. The resignation of WWE co-founder Vince McMahon amid a scandal also impacted TKO's initial reputation.

TKO Group Holdings, Inc. has a diverse ownership structure. Endeavor Group Holdings, Inc., through Silver Lake, is the controlling shareholder, holding approximately 61.7% of the company's outstanding equity. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., State Street Corporation, Eaton Vance Management, Morgan Stanley, and others. Notable individual owners include Vince McMahon, Dwayne Johnson, Nick Khan, Andrew Schleimer, and Jonathan Kraft.