TKO Q2 Revenue Beats, 2026 Guidance Lifted on UFC, WWE Media Deals
TKO sits 21% above its 52-week low of $152.29.
Summary
TKO Group delivered a strong Q2, with revenue rising 18% YoY to $1.55B, beating the $1.53B consensus. Adjusted EBITDA jumped 23% to $649.9M, driven by new UFC and WWE media rights deals and FIFA World Cup hospitality sales. Management raised full-year 2026 revenue guidance to $5.775B-$5.825B and Adjusted EBITDA to $2.275B-$2.305B, signaling confidence in the back half. The company also plans additional share repurchases, adding to the $800M ASR completed in June. This follows a series of aggressive capital return moves, including a $1B buyback authorization in May. The stock trades at 37x forward earnings, up from 33x three months ago, reflecting elevated growth expectations.
At the time of this announcement, TKO was trading at $184.43 on NYSE in the Trade & Services sector, with a market capitalization of approximately $35.2B. The 52-week trading range was $152.29 to $226.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.