TKO Group Holdings, Inc. (TKO) Earnings Call Transcripts

TKO Group Holdings, Inc.'s Latest Earnings Call - September 8, 2026

In the Q3 2026 earnings call, TKO Group Holdings, Inc. reported robust performance driven by strong media rights partnerships and live event growth. Revenue guidance for the fiscal year was maintained, with expectations for continued margin expansion, projecting an operating margin of 39.6%, up 600 basis points. Management emphasized a commitment to shareholder returns through stock buybacks and dividends, signaling confidence in future cash flow generation.

Reported metrics

Guidance from management

Management maintained revenue guidance for the fiscal year, projecting continued margin expansion and robust cash flow generation. They are optimistic about achieving their long-term sponsorship revenue target of $1.2 billion by 2030.

What management said

Yes, exactly. It's all of that. It's just timing of when some of these deals actually take up. It's having more domestic events for them to kind of plow into its holistic packages that we're selling with add inventory in them. And we're just -- frankly, we're scoring on the family first message. Remember, WWE is a different audience than UFC. And when it comes to going after families, that's our audience. And the adv...

We [indiscernible]. That's why I value when you look at these valuations, well, then what's the valuation? Obviously, we're public, so you can figure that out. When you have it all, you don't just have the team, you have the league, you control the teams, the league, the participants, the partners, your -- the entire kind of holistic cycle is in your hands. And that's what we have. We are the commissioner, the league...

What analysts pressed on

Analysts expressed concerns about the sustainability of growth in sponsorship revenue, particularly for WWE, given recent slower growth rates. Questions were raised about potential market saturation and the impact of fewer events in the third quarter on overall performance.

Main topics on the call

• Media Rights Partnerships — TKO has secured strong media rights deals with partners like Paramount and ESPN, which have driven viewer engagement and retention. Mark Shapiro noted, "we are top 10 in several countries every week with Raw," indicating...
• Sponsorship Revenue Growth — Management highlighted ambitions to reach $1.2 billion in sponsorship revenue by 2030, with WWE partnership revenue expected to increase over 20% year-over-year. Shapiro stated, "we're seeing all kinds of different new c...
• Live Events Performance — Live events are performing well, with strong attendance and ticket sales. Shapiro mentioned, "live events are hot... sports is piping hot and it's not slowing down anytime soon," underscoring the ongoing demand for live ...
• Capital Returns Strategy — Management reiterated their focus on returning capital to shareholders through stock buybacks and dividends, with Shapiro stating, "we're in the market every day right now buying back stock." This reflects confidence in ...

Read the full TKO Group Holdings, Inc. transcript (September 8, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 79 TKO Group Holdings, Inc. earnings call transcripts on record, spanning February 21, 2020 to September 8, 2026. Based on this history, TKO Group Holdings, Inc. reports quarterly. The most recent call on file is dated September 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

TKO

Exchange

NYSE

Country

US

Sector

Communication Services

Industry

Entertainment

Calls on record

79

First call

February 21, 2020

Most recent

September 8, 2026

Reporting cadence

quarterly