TKO Group Holdings, Inc. earnings overview

TKO FY2026 Q1 · Calendar Q2 2026

TKO Group Holdings, Inc.

TKO's Q1 2026 results confirm the company is executing on its transformational media rights strategy. Revenue of $1.597B edged consensus ($1.592B) and EPS of $1.12 beat by a penny, driven by new and higher-value media rights agreements across Paramount+, ESPN, Netflix, and CW, robust live-event demand with multiple sell-outs, and expanding financial incentive packages. Management reaffirmed full-year guidance ($5.675–$5.775B revenue, $2.24–$2.29B adjusted EBITDA) and authorized an incremental $1B share repurchase on top of the existing $2B program. The stock's initial reaction was modestly negative (abnormal move of −1.25% versus a −0.31% benchmark move), but subsequent drift of +8.52% suggests the market warmed to the results. With analyst consensus at $227.50 against a current price of $183.81, meaningful upside remains if execution continues.