TKO Group (NYSE:TKO) Releases Earnings Results, Beats Estimates By $0.13 EPS

Posted by Brian Himes on Nov 4th, 2026

TKO Group (NYSE:TKO – Get Free Report) posted its quarterly earnings results on Wednesday. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.13, FiscalAI reports. TKO Group had a return on equity of 2.67% and a net margin of 4.33%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. TKO Group’s revenue for the quarter was up 21.4% compared to the same quarter last year.

Here are the key takeaways from TKO Group’s conference call:

TKO reported third-quarter revenue of $1.36 billion, up 21%, and adjusted EBITDA of $556 million, up 54%. Management raised full-year 2026 guidance for the second consecutive quarter, to revenue of $5.79 billion–$5.83 billion and adjusted EBITDA of $2.295 billion–$2.315 billion.
UFC delivered strong event and commercial results: live-events revenue rose 83%, and UFC 329 set a company record with a $26 million gate. WWE partnerships revenue grew 28% despite a lighter PLE calendar, while Raw continued to reach Netflix’s global top 10.
On Location’s 2026 FIFA World Cup hospitality program generated $2.4 billion in sales and about $90 million of full-year adjusted EBITDA, exceeding the company’s estimate. Management said it is tracking ahead of plan for LA28, while emphasizing it will pursue future Olympic deals only if returns meet its investment thresholds.
The outlook depends on scheduled Middle East events proceeding as planned; management said cancellations or relocations would affect current guidance. Looking ahead, management also noted that 2027 will lack the World Cup and other quadrennial-event contributions, while spending ramps for LA28.
TKO intends to use cash on hand and new debt to aggressively repurchase shares under its remaining authorization. The company ended the quarter with net leverage of 2.0 times and said it returned more than $1.6 billion to shareholders year to date through dividends and buybacks.

TKO Group Trading Up 3.2%

TKO Group stock traded up $6.05 during trading hours on Wednesday, hitting $193.25. The stock had a trading volume of 1,754,616 shares, compared to its average volume of 946,338. The business’s 50 day simple moving average is $182.51 and its 200-day simple moving average is $193.25. TKO Group has a one year low of $170.14 and a one year high of $226.94. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 67.81 and a beta of 0.66. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.58.

TKO Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a $0.79 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $3.16 annualized dividend and a yield of 1.6%. TKO Group’s dividend payout ratio (DPR) is currently 110.88%.

Key TKO Group News

Here are the key news stories impacting TKO Group this week:

Positive Sentiment: TKO reported third-quarter adjusted earnings of $1.33 per share, above the $1.20 analyst consensus and up from $0.50 a year earlier. The company also raised its full-year guidance again. TKO Raises Guidance Again As UFC Powers Q3 Earnings
Positive Sentiment: UFC revenue surged 60% year over year, helping drive the earnings beat; UFC generated $519.2 million in revenue during the quarter. Killer Q3 For UFC Helps TKO Beat Wall Street Earnings Forecasts
Negative Sentiment: Revenue of $1.36 billion came in slightly below the $1.38 billion analyst estimate. Reports attributed the shortfall in part to a slowdown at WWE, which partially offset UFC’s strong performance. TKO Group Profit Jumps on Media Rights Revenue

Insider Transactions at TKO Group

In other TKO Group news, CEO Ariel Emanuel sold 24,702 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total value of $4,801,821.78. Following the completion of the transaction, the chief executive officer directly owned 174,334 shares in the company, valued at approximately $33,888,786.26. This represents a 12.41% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Andrew M. Schleimer sold 9,942 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $194.39, for a total transaction of $1,932,625.38. Following the transaction, the chief financial officer directly owned 38,051 shares of the company’s stock, valued at $7,396,733.89. The trade was a 20.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 97,325 shares of company stock worth $18,798,012. 64.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on TKO shares. The Goldman Sachs Group reduced their price objective on shares of TKO Group from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, October 27th. Morgan Stanley boosted their target price on shares of TKO Group from $225.00 to $230.00 and gave the company an “overweight” rating in a research report on Tuesday, August 4th. Robert W. Baird cut their price target on shares of TKO Group from $275.00 to $250.00 and set an “outperform” rating for the company in a report on Tuesday, August 18th. BTIG Research reiterated a “buy” rating and set a $237.00 price target on shares of TKO Group in a research report on Wednesday, October 21st. Finally, Susquehanna reduced their price target on shares of TKO Group from $235.00 to $224.00 and set a “positive” rating on the stock in a research report on Friday, October 16th. Fourteen equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $228.65.

View Our Latest Stock Analysis on TKO

About TKO Group

(Get Free Report)

TKO Group Holdings, Inc is a sports and entertainment company that owns and operates UFC and WWE, two global combat-sports and sports-entertainment brands. UFC promotes mixed martial arts events, while WWE produces live and televised professional wrestling programming featuring its roster of performers, storylines and branded events.

In addition to its core properties, TKO provides related media, licensing, sponsorship, live-event and consumer-products opportunities. The company’s businesses serve audiences internationally through live events, broadcast and streaming distribution, digital content, merchandise and other commercial partnerships.

TKO was formed in 2023 through the combination of UFC and WWE under Endeavor Group Holdings.