TKO Group (TKO) Reports Q2 Earnings: What Key Metrics Have to Say

TKO Group Holdings (TKO) reported $1.55 billion in revenue for the quarter ended June 2026, up 18.2% year over year. EPS was $1.34, compared with $1.17 a year earlier. Revenue exceeded the Zacks Consensus Estimate of $1.54 billion by 0.71%, while EPS missed the $1.63 consensus by 17.79%. UFC delivered three numbered events, nine Fight Nights and 12 total events, matching three-analyst average estimates. International events totaled four, versus the two-analyst estimate of three. IMG net revenue rose 15.7% to $354.7 million, below the four-analyst estimate of $360.93 million. WWE net revenue increased 11.6% to $620.9 million, ahead of the four-analyst estimate of $617.34 million. Corporate & Other revenue rose 8.7% to $48.5 million, below the four-analyst estimate of $62.65 million. UFC net revenue jumped 28.8% to $535.7 million, exceeding the four-analyst estimate of $505.93 million. Within WWE, media rights, production and content revenue advanced 29% to $359.7 million, above the three-analyst estimate of $330.53 million. WWE live events and hospitality revenue declined 18.2% to $152 million, below the three-analyst estimate of $177.95 million. Partnerships and marketing revenue rose 8.4% to $63.2 million, versus the three-analyst estimate of $72.64 million. Consumer products licensing and other revenue increased 38.1% to $46 million, exceeding the three-analyst estimate of $34.65 million. The results indicate that UFC and WWE media rights are supporting top-line momentum, though the EPS miss and weaker businesses remain risks. TKO shares returned -6.5% over the past month, versus +0.2% for the Zacks S&P 500 composite. The stock has a Zacks Rank #3 (Hold), indicating potential near-term performance in line with the broader market.