TKO Group reported third quarter 2026 revenue of $1.360 billion, a 21% increase year-over-year, though slightly missing the $1.38 billion consensus estimate. The company delivered net income of $277.9 million and a significant expansion in Adjusted EBITDA margins, which climbed to 41% from 32% in the prior-year period.

Key Highlights

  • UFC revenue surged 60% to $519.2 million, propelled by the new Skydance distribution agreement and record-setting ticket sales from UFC 329.
  • Full-year 2026 revenue guidance was raised to $5.790–$5.830 billion, up from the previous midpoint of $5.80 billion, citing strong visibility for the remainder of the year.
  • WWE revenue declined 1% to $399.3 million, primarily due to event timing resulting in three fewer Premium Live Events compared to the prior-year quarter.
  • The company announced plans to exhaust the remaining $936 million of its $3 billion share repurchase authorization, funded via debt and cash on hand.