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TKO Group Holdings (TKO) stock

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NYSE: TKO NYSE Movies & Entertainment Next results ~November 4, 2026

C+ Fundamentals grade

TKO Group Holdings is a US-listed company in the movies & entertainment industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 43% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 43% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

TKO Group Holdings valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter TKO Group Holdings files

Where TKO stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $5.30bn, up 5.1% on a year earlier, faster than 2.7% a quarter earlier. Free-cash-flow margin rose to 23.9% from 7.5% a year earlier. Operating margin widened to 18.8% from 13.8%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 6 financial-health checks.

Our model value for TKO Group Holdings is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 3, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

TKO Group Holdings's trailing-twelve-month revenue grew 5.1% year on year, with a free-cash-flow margin of 23.9%. Where it stands out: operating margin of 18.8% ranks 3 of 24 movies & entertainment companies we cover. Where it lags: days sales outstanding of 73 days ranks 14 of 17 movies & entertainment companies we cover.

Our discounted-cash-flow model values the business at ~$180 per share in the base case (~$120–$260 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 236.9% while net income grew 8.8%: a 228pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Margins widening. Operating margin is up 5.0 points on a year ago.
  • Strong cash generation. 23.9% of revenue turned into free cash flow, against a median of 7.1% for movies & entertainment companies we cover.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 24.5% over 90 days.

Things to watch

  • High earnings multiple. The shares trade at 134 times the last 12 months' earnings, so expectations are demanding.
  • Below peers: days sales outstanding. Days sales outstanding of 73 days ranks 14 of 17 movies & entertainment companies we cover (median 35 days).
  • Heavily shorted. 11.6% of the shares available to trade are sold short (7.0 days of average volume to cover).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 3, 2026
Earnings per share
$1.34 against an average estimate of $1.09: beat by 23.3%
Revenue
$1.55bn, up 18.2% on a year earlier
Share reaction
+1.5% in the first session after the results on August 3, 2026, against +3.3% for the S&P 500
Guidance given
revenue $5.78bn to $5.83bn (full year 2026); adjusted EBITDA $2.28bn to $2.31bn (full year 2026)
Next report
November 4, 2026; average EPS estimate $0.83

TKO Group Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.5%
  • 1 week+8.1%
  • 1 month+5.4%
  • This year-10.3%
  • 1 year-0.2%
  • 5 years+227.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.3B
Operating margin
18.8%
Net margin
4.3%
EPS (TTM, diluted)
$1.38

Growth

Revenue growth
+5.1%
Change in growth rate
+2.4 pts

Cash

Free cash flow (TTM)
$1.3B
FCF margin
23.9%
Stock pay % of revenue
2.5%

Earnings

Last results
August 3, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Insider trade
  3. Results

    TKO sets 4 November date for third quarter 2026 results

    TKO Group Holdings said it will release its third quarter 2026 results after market hours on Wednesday, 4 November 2026. The company scheduled a live teleconference for 5 p.m. ET on the same day to discuss the figures. A recording of the call will be available on the investor relations site for at least 30 days.

    Company releaseRead source ↗
  4. Insider trade
  5. Dividend
  6. Partnership
  7. Insider trade
  8. Insider trade
  9. Insider trade
  10. Insider trade
  11. Insider trade
  12. Announcement
  13. Results
  14. Guidance
  15. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TKO Group Holdings valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 43% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value TKO Group Holdings as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.76 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$100 ~$77–$140 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$61 ~$43–$88 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$66 ~$56–$82 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TKO Group Holdings with Movies & Entertainment in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 202320242025Now
Share price$79.60$138.67$206.51$185.14
Market value$13.2bn$23.8bn$40.1bn$30.8bn
+ Net debt (− = net cash)$2.5bn$2.2bn$3.0bn$4.1bn
Enterprise value$15.7bn$26.0bn$43.0bn$34.9bn
Multiples
Price / sales 4.1x4.9x8.5x5.8x
Price / earnings —n/mn/m134.2x
Price / free cash flow ————
EV / EBITDA 26.2x53.2x32.6x22.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $1.4bn and EPS of $0.83 (range $0.83 to $0.83) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $4.44 +97% $5.8bn +23%
Next $4.92 +11% $5.9bn +1%

Next year's EPS estimate has moved +24.5% in 90 days, across 9 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +13.9% on 90 days ago. In the last 30 days, 1 analyst raised TKO Group Holdings's forecast and 0 cut it.

Consensus EPS forecast TKO Group Holdings, last 90 days
$3.50 $4.00 $4.50 $5.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.90 Current fiscal year, 60 days ago: $4.65 Current fiscal year, 30 days ago: $4.65 Current fiscal year, 7 days ago: $4.43 Current fiscal year, Now: $4.44 $4.44 Next fiscal year, 90 days ago: $3.95 Next fiscal year, 60 days ago: $4.92 Next fiscal year, 30 days ago: $4.91 Next fiscal year, 7 days ago: $4.90 Next fiscal year, Now: $4.92 $4.92

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.90$3.95
60 days ago $4.65$4.92
30 days ago $4.65$4.91
7 days ago $4.43$4.90
Now $4.44$4.92

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.09 $1.34 +23.3%
Mar 2026 $1.14 $1.12 −1.6%
Dec 2025 $0.22 −$0.03 −113.7%
Sept 2025 $0.51 $0.47 −8.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 3, 2026
  • revenue full year 2026 $5.775bn to $5.825bn Raised
    “the Company is raising its guidance and now expects full year 2026 revenue of $5.775 billion to $5.825 billion and Adjusted EBITDA of $2.275 billion to $2.305 billion.” source
  • Adjusted EBITDA full year 2026 $2.275bn to $2.305bn Non-GAAP Raised
    “the Company is raising its guidance and now expects full year 2026 revenue of $5.775 billion to $5.825 billion and Adjusted EBITDA of $2.275 billion to $2.305 billion.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

22 analysts, Oct 2026
Buy1986%
Hold314%
Sell00%

Monthly trend

  1. Oct 2026316322
  2. Sep 2026315422
  3. Aug 2026315422
  4. Jul 2026315422

Counts of recommendations published by analysts covering TKO Group Holdings, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.6%
of tradable shares
Days to cover
6.95
at average volume
Short interest, 1 month
−8%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
18.3%
of shares
Employees
4,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −0.2%

$185.46 on October 31, 2025 to $185.14

ThenNowEffect
Revenue (last 12 months) $5.0bn $5.3bn +5.1%
Net margin 4.2% 4.3% +3.6%
P/E multiple 157.4x 134.2x −14.7%
Share count 179m 166m +7.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TKO+4%+40%+24%+74%+49%−10%
Industry peers (median)−7%−43%+4%+24%+5%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TKO75%67%42%83%67%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TKO−27%−16%−35%−12%−21%−23%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 69% from April 23, 2019 to March 16, 2020. Getting back needed a 223% gain, reached on April 4, 2023, 1114 days after the low.

Price behaviour

52-week range
$171.23 – $222.28
From 52-week high
−16.7%
vs 50-day average
+1.5%
vs 200-day average
−3.6%
Volatility (1 year)
32%
Beta vs S&P 500
0.43

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.1%
After a week
6 up, 6 down
typical move ±5.1%
After a month
9 up, 3 down
typical move ±7.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 3, 2026 +1.5% +3.3% +4.2% +0.3%
May 6, 2026 +0.3% +1.1% −1.7% +8.9%
February 25, 2026 +6.9% +0.3% +3.3% −7.6%
November 5, 2025 −3.4% −0.7% −3.0% +7.9%
August 6, 2025 −1.7% +0.7% +17.0% +18.7%
May 8, 2025 −5.9% +0.6% −4.8% −3.7%
March 19, 2025 +3.4% +0.8% +6.3% +2.6%
February 26, 2025 −3.7% −1.5% −2.4% −2.4%
November 6, 2024 −0.8% +3.3% −0.9% +21.2%
August 8, 2024 +7.5% +2.8% +6.9% +5.0%
May 8, 2024 −0.6% +0.6% +6.4% +9.1%
February 27, 2024 −1.8% +0.1% −4.6% +2.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

TKO Group Holdings in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TKO Group Holdings
$0 $2B $4B $6B $8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.3B Revenue (TTM), FY23 Q4: $3.2B Revenue (TTM), FY24 Q1: $4.1B Revenue (TTM), FY24 Q2: $5B Revenue (TTM), FY24 Q3: $6.1B Revenue (TTM), FY24 Q4: $4.9B Revenue (TTM), FY25 Q1: $4.9B Revenue (TTM), FY25 Q2: $5B Revenue (TTM), FY25 Q3: $4.6B Revenue (TTM), FY25 Q4: $4.7B Revenue (TTM), FY26 Q1: $5.1B Revenue (TTM), FY26 Q2: $5.3B $5.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.3B
FY23 Q4 $3.2B
FY24 Q1 $4.1B
FY24 Q2 $5B
FY24 Q3 $6.1B
FY24 Q4 $4.9B
FY25 Q1 $4.9B
FY25 Q2 $5B
FY25 Q3 $4.6B
FY25 Q4 $4.7B
FY26 Q1 $5.1B
FY26 Q2 $5.3B
Revenue growth, TTM YoY TKO Group Holdings
-100% 0% 100% 200% 300% 400% FY24 Q2 FY24 Q4 FY25 Q2 FY25 Q4 FY26 Q2 Revenue growth, TTM YoY, FY24 Q2: 310.7% Revenue growth, TTM YoY, FY24 Q3: 359.2% Revenue growth, TTM YoY, FY24 Q4: 51.5% Revenue growth, TTM YoY, FY25 Q1: 19.1% Revenue growth, TTM YoY, FY25 Q2: 0.3% Revenue growth, TTM YoY, FY25 Q3: -24.4% Revenue growth, TTM YoY, FY25 Q4: -3.1% Revenue growth, TTM YoY, FY26 Q1: 2.7% Revenue growth, TTM YoY, FY26 Q2: 5.1% 5.1%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q2 310.7%
FY24 Q3 359.2%
FY24 Q4 51.5%
FY25 Q1 19.1%
FY25 Q2 0.3%
FY25 Q3 -24.4%
FY25 Q4 -3.1%
FY26 Q1 2.7%
FY26 Q2 5.1%
Operating margin (TTM) TKO Group Holdings
-10% 0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 37.8% Operating margin (TTM), FY23 Q4: 11.7% Operating margin (TTM), FY24 Q1: 1.4% Operating margin (TTM), FY24 Q2: 0.5% Operating margin (TTM), FY24 Q3: -0.5% Operating margin (TTM), FY24 Q4: 0.6% Operating margin (TTM), FY25 Q1: 9.0% Operating margin (TTM), FY25 Q2: 13.8% Operating margin (TTM), FY25 Q3: 18.0% Operating margin (TTM), FY25 Q4: 17.6% Operating margin (TTM), FY26 Q1: 18.5% Operating margin (TTM), FY26 Q2: 18.8% 18.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 37.8%
FY23 Q4 11.7%
FY24 Q1 1.4%
FY24 Q2 0.5%
FY24 Q3 -0.5%
FY24 Q4 0.6%
FY25 Q1 9.0%
FY25 Q2 13.8%
FY25 Q3 18.0%
FY25 Q4 17.6%
FY26 Q1 18.5%
FY26 Q2 18.8%
FCF margin (TTM) TKO Group Holdings
-10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 22.2% FCF margin (TTM), FY23 Q4: 1.3% FCF margin (TTM), FY24 Q1: -2.2% FCF margin (TTM), FY24 Q2: 0.1% FCF margin (TTM), FY24 Q3: 0.5% FCF margin (TTM), FY24 Q4: 2.6% FCF margin (TTM), FY25 Q1: 5.4% FCF margin (TTM), FY25 Q2: 7.5% FCF margin (TTM), FY25 Q3: 13.0% FCF margin (TTM), FY25 Q4: 16.9% FCF margin (TTM), FY26 Q1: 25.5% FCF margin (TTM), FY26 Q2: 23.9% 23.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 22.2%
FY23 Q4 1.3%
FY24 Q1 -2.2%
FY24 Q2 0.1%
FY24 Q3 0.5%
FY24 Q4 2.6%
FY25 Q1 5.4%
FY25 Q2 7.5%
FY25 Q3 13.0%
FY25 Q4 16.9%
FY26 Q1 25.5%
FY26 Q2 23.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar TKO Group Holdings took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $4.7B
  2. Selling, general and admin $1.5B · 31.9%
  3. Other operating costs $2.4B · 50.4%
  4. Operating income $835M · 17.6%
  5. Income tax $73.8M · 1.6%
  6. Interest and other $566M · 11.9%
  7. Net income $195M · 4.1%

Shares of revenue. Source: TKO Group Holdings's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,032 1,140 3,225 4,884 4,735 5,302
EBITDA 454 604 600 489 1,320 1,525
Operating income 391 544 376 31 835 998
Net income 274 389 −35 9 195 230
Diluted EPS — — −$0.21 $0.02 $2.26 $1.38
Growth (year on year)
Revenue — +10.5% +182.8% +51.5% −3.1% +5.1%
EBITDA — +33.0% −0.8% −18.5% +170.0% +37.1%
Operating income — +39.2% −31.0% −91.8% — +43.5%
Net income — +42.2% −109.1% — — +8.8%
Margins
EBITDA margin 44.0% 53.0% 18.6% 10.0% 27.9% 28.8%
Operating margin 37.9% 47.7% 11.7% 0.6% 17.6% 18.8%
Net margin 26.5% 34.1% −1.1% 0.2% 4.1% 4.3%
Cash flow
Cash from operations 441 502 266 586 1,286 1,795
Stock-based pay 64 24 65 103 118 134
Balance sheet
Cash 875 181 236 620 831 592
Total debt 0 2,793 2,761 2,785 3,783 4,659
Net debt (negative = net cash) −875 2,613 2,525 2,165 2,952 4,067
Diluted shares — — 166m 172m 194m 166m
Returned to shareholders
Dividends — — — — 185 240
Buybacks — — 100 165 867 —
Total returned — — 100 165 1,052 240

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 6 checks passed · June 30, 2026
What it owns · $16.3bn
Short-term assets $3.2bnLonger-term assets $13.1bn
What it owes, and who funded it · $11.3bn
Short-term liabilities $2.5bnLonger-term liabilities $5.4bnShareholders' equity $3.4bn
  • Short-term assets cover short-term liabilities $3.2bn of assets due within a year against $2.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $3.2bn short-term assets against $5.4bn of longer-dated liabilities.
  • More cash than debt $592m of cash against $4.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 136% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.8bn of operating cash flow against $4.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $998m against $241m of interest.

From TKO Group Holdings's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$240M
Returned to shareholders
19%
of free cash flow
Buybacks, last 3 fiscal years
$1.1B
Total shareholder yield
1.7%
dividends 1.7% + buybacks 0.0% of market value
Dividend payout ratio
105%
of net income paid out
Sales & admin spending
30.7%
of revenue
Days sales outstanding
73 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in movies & entertainment
Last 12 months unless stated TKO AMC ROKU FWONK WMG IQ Median
Revenue, last 12 months $5.3bn $5.2bn $5.5bn $4.3bn $7.3bn $3.8bn $1.1bn
Revenue growth, last 12 months 5.1% 6.4% 21.1% 12.2% 12.9% −6.5% 8.5%
Revenue growth, 3-year average 63.0% 7.1% 17.8% — 7.1% — 7.1%
Revenue growth, latest quarter 18.2% 14.2% 24.1% −30.4% 10.4% — 11.3%
Gross margin — — 45.3% 83.9% 45.8% 21.1% 33.2%
Operating margin 18.8% 4.4% 7.8% 3.8% 13.7% 0.8% 2.5%
Operating margin, 3-year average 11.0% 0.1% −0.6% 7.6% 12.8% −12.2% −0.6%
Net margin 4.3% −10.6% 9.3% 9.4% 9.2% −0.8% 0.5%
Cash from operations / revenue 33.9% 4.2% 14.7% 21.9% 12.9% 0.4% 9.9%
Free-cash-flow margin 23.9% −0.4% 14.6% 19.0% 11.4% 0.0% 5.3%
Free-cash-flow margin, 3-year average 10.5% −5.6% 9.4% 27.9% 10.4% −1.0% 6.1%
Stock pay / revenue 2.5% 0.3% 5.8% 0.5% 1.2% 1.5% 1.5%
Change in share count — 42.1% 3.2% −2.0% — 846.8% 1.6%

Median of all 25 companies we cover in movies & entertainment. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 movies & entertainment companies
Measure Company Peer median Rank
Revenue growth Growth 5.1% 8.5% 18 of 25
Change in growth rate Growth +2.4pp +0.7pp 9 of 25
Operating margin Profitability 18.8% 3.0% 3 of 24
Net margin Profitability 4.3% 0.5% 10 of 25
Free-cash-flow margin Cash generation 23.9% 7.1% 3 of 24
Stock pay as % of revenue Cash generation 2.5% 1.5% 17 of 25
Long-term debt as % of assets Balance sheet 28.2% 21.6% 14 of 19
Days sales outstanding Balance sheet 73 days 35 days 14 of 17

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
World Wrestling Entertainment $1.7B 36.1% ▲ 22.3%
Ultimate Fighting Championship $1.5B 31.7% ▲ 6.8%
IMG $1.4B 28.9% ▼ 30.6%
Corporate and Other $199M 4.2% ▲ 16.9%
Eliminations -$42.7M -0.9% —
Products and services
Line of business Revenue Share YoY
Media Rights Production and Content $2.6B 54.5% ▲ 4.3%
Live Events and Hospitality $1.3B 28.0% ▼ 25.2%
Partnerships and Marketing $589M 12.3% ▲ 32.3%
Consumer Products Licensing and Other $245M 5.1% ▲ 16.3%
Geography
Region Revenue Share YoY
North America $3.5B 74.2% ▲ 17.2%
EMEA $898M 19.0% ▼ 38.5%
Asia Pacific $242M 5.1% ▼ 28.4%
Latin America $80.5M 1.7% ▼ 8.3%

From TKO Group Holdings's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$14.7B
Institutions reporting
653
Shares held vs prior quarter
▼ 2.9%
Positions opened / closed
88 / 77

Top buyers and sellers, Q2 2026: 306 institutions bought and 317 sold ; the biggest buyer was Bank Of America Corp (+694K shares) and the biggest seller State Street Corp (−1.8M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.1B 5.7M 7.8% ▲ 6.7%
Morgan Stanley $947M 4.7M 6.4% ▼ 10.5%
State Street Corp $933M 4.6M 6.3% ▼ 27.7%
Vanguard Capital Management LLC $807M 4.0M 5.5% ▼ 3.9%
Massachusetts Financial Services Co $754M 3.7M 5.1% ▲ 5.2%
Ninety One Uk Ltd $632M 3.1M 4.3% ▼ 13.2%
Vanguard Portfolio Management LLC $613M 3.0M 4.2% ▼ 1.5%
Price T Rowe Associates Inc $531M 2.6M 3.6% ▲ 2.9%
Xn LP $502M 2.5M 3.4% ▲ 31.5%
Lindsell Train Ltd $423M 2.1M 2.9% ▼ 14.3%
Bank Of America Corp $420M 2.1M 2.9% ▲ 49.8%
Geode Capital Management, LLC $348M 1.7M 2.4% ▼ 12.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TKO Group Holdings's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $5.5M 8 trades by 4 insiders, last 12 months Insider sales History → $68.9M 133 trades by 6 insiders · 100% under pre-set plans
Net ▼ $63.4M net selling
Insider Date Trade Shares Price Value
Khan Nick Director October 15, 2026 Sell pre-set plan 9,189 $175.19 $1.6M
Khan Nick Director October 13, 2026 Sell pre-set plan 400 $175.07 $70,028
Khan Nick Director September 14, 2026 Sell pre-set plan 100 $197.64 $19,764
Khan Nick Director September 14, 2026 Sell pre-set plan 1,200 $197.12 $236,544
Khan Nick Director September 14, 2026 Sell pre-set plan 1,279 $195.95 $250,620
Khan Nick Director September 14, 2026 Sell pre-set plan 1,421 $194.99 $277,081
Khan Nick Director September 14, 2026 Sell pre-set plan 4,256 $194.12 $826,175
Khan Nick Director September 14, 2026 Sell pre-set plan 1,333 $193.13 $257,442
Khan Nick Director August 19, 2026 Sell pre-set plan 600 $201.91 $121,146
Khan Nick Director August 19, 2026 Sell pre-set plan 2,246 $201.11 $451,693
Khan Nick Director August 19, 2026 Sell pre-set plan 600 $200.05 $120,030
Khan Nick Director August 19, 2026 Sell pre-set plan 1,400 $199.18 $278,852

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 3 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of TKO Group Holdings shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded November 26, 2025, filed December 15, 2025
  • John James(R-MI 10):Sale (full), $1,001 - $15,000, traded September 4, 2024, filed September 6, 2024
  • John James(R-MI 10):Purchase, $1,001 - $15,000, traded November 10, 2023, filed September 2, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 1, 2026 estimated from the company's past filing pattern, not announced

  • August 3, 2026
  • May 6, 2026
  • February 25, 2026
  • November 5, 2025
  • August 6, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on TKO Group Holdings was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TKO Group Holdings in brief

What does TKO Group Holdings do?
TKO Group Holdings is a US-listed company in the movies & entertainment industry. Its financial year ends in December.
What is TKO Group Holdings's stock ticker?
TKO Group Holdings trades under the ticker TKO on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TKO Group Holdings's revenue, and how fast is it growing?
Over its most recent trailing twelve months, TKO Group Holdings reported revenue of $5.3B, 5.1% higher than a year earlier, according to its SEC filings.
What is TKO Group Holdings's free cash flow?
TKO Group Holdings's free-cash-flow margin is 23.9% of revenue over the trailing twelve months, ranking 3 of the 24 movies & entertainment companies we cover.
Who are TKO Group Holdings's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Morgan Stanley and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is TKO Group Holdings's market cap?
On November 2, 2026, TKO Group Holdings's market capitalisation was about $30.8B, with a price-to-earnings ratio of 134.2 and net debt of $4.1B. Market figures come from third-party market data and may be delayed.
Does TKO Group Holdings pay a dividend?
Yes: TKO Group Holdings paid $240M in dividends over the trailing twelve months, a dividend yield of 1.71% and a payout ratio of 104.7%.
How much debt does TKO Group Holdings have?
TKO Group Holdings's debt-to-equity ratio is 136.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
Who are TKO Group Holdings's competitors?
In our Movies & Entertainment peer group, the companies closest to TKO Group Holdings are AMC Entertainment Holdings, Inc., Roku, Inc, Liberty Media Corp, Warner Music Group Corp. and Iqiyi, Inc. The side-by-side comparison below sets their revenue, margins and growth against TKO Group Holdings's.
Are insiders buying or selling TKO Group Holdings stock?
Over the last 12 months, TKO Group Holdings's directors and officers reported 8 open-market purchases and 133 sales on Form 4. The insider trading page charts every trade.
When is TKO Group Holdings's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TKO Group Holdings announces its own schedule.