TKO's broad-based growth and reaffirmed guidance suggest sustained momentum. The $1B buyback authorization underscores capital return commitment. Monitor Q2 for UFC's Paramount deal ramp and FIFA World Cup contributions from On Location. The stock may re-rate higher if guidance is raised later in the year.
Price Chart
Executive Summary
TKO reported Q1 2026 revenue of $1.597B (+26% YoY) and diluted EPS of $1.12, beating consensus by 23%. Adjusted EBITDA surged 32% to $549.8M. Management reaffirmed full-year 2026 guidance and authorized an additional $1B share repurchase program, signaling confidence in sustained momentum across UFC, WWE, and IMG segments.
Key Financial Metrics
Key Facts
- Revenue $1.597B, up 26% YoY
- Diluted EPS $1.12 vs consensus $0.91 (+23% beat)
- Adjusted EBITDA $549.8M, up 32% YoY; margin improved to 34%
- Reaffirmed FY2026 revenue guidance $5.675-$5.775B and Adjusted EBITDA $2.240-$2.290B
- Board authorized incremental $1B share repurchase program
- Operating cash flow $694.5M, Free cash flow $674.5M
- All segments grew: UFC +12%, WWE +22%, IMG +38%, Corporate/Other +36%
Financial Impact
Strong revenue and earnings beat; incremental $1B buyback adds ~2.8% to market cap at current price
Risk Factors
- Gross debt increased to $4.67B (net leverage 2.3x) from buyback-related borrowings
- Legal costs of $23.2M related to antitrust and stockholder litigation remain elevated
- Dependence on media rights renewals and event ticket sales
- Integration risk from acquired businesses (IMG, On Location, PBR)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-208955 |
| Document: tko-ex99_2.htm | 0001193125-26-208955 |
| Document: tko-20260506.htm | 0001193125-26-208955 |
| Document: 0001193125-26-208955-index-headers.html | 0001193125-26-208955 |
| Document: 0001193125-26-208955-index.html | 0001193125-26-208955 |
| Document: 0001193125-26-208955.txt | 0001193125-26-208955 |
| 8-K Data (Synthetic) | 0001193125-26-208955 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $195.45 $189.26 | ▼ −3.17% | ▼ −3.17% | $175.58 (−10.17%) |
Jul 20, 2026 10w ago | 144 | $181.70 $192.11 | ▲ +5.73% | ▲ +3.17% | $175.58 (−3.37%) |
Jun 26, 2026 14w ago | 144 | $211.62 $180.62 | ▼ −14.65% | ▼ −14.37% | $175.58 (−17.03%) |
Jun 12, 2026 16w ago | 144 | $201.19 $180.96 | ▼ −10.06% | ▼ −9.31% | $175.58 (−12.73%) |
Jun 11, 2026 16w ago | Institutional Cluster | $213.70 $188.18 | ▼ −11.94% | ▼ −13.83% | $175.58 (−17.84%) |
May 18, 2026 19w ago | Insider Cluster | $193.07 $194.53 | ▲ +0.76% | ▼ −0.23% | $175.58 (−9.06%) |
May 6, 2026 21w ago | 8-K | $187.51 $198.57 | ▲ +5.90% | ▲ +2.76% | $175.58 (−6.36%) |
US Market Status
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