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TKO Group Holdings TKO Direct Operating Expenses

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Segments

By segment

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IMG$463.21M+42.5%
World Wrestling Entertainment$138.63M+13.6%
Ultimate Fighting Championship$98.63M+10.0%

Other financials

Income statement

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Revenue$1.6B+25.9%
Operating income$338.5M+42.6%
Net income$89.4M+53.0%
EPS (diluted)$1.12+62.3%

Balance sheet

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Cash & equivalents$788.9M+67.5%
Total debt$5.0B+61.8%
Total equity$3.4B-18.9%
Total assets$16.0B+6.7%

Cash flow

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Operating cash flow$694.5M+327%
CapEx$24.4M+4,043%
Free cash flow$20.4M-70.4%

Valuation

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Market cap$14.9B+26.2%
Enterprise value$19.08B+32.1%
P/E65.8×-3.0×
P/S2.9×+0.5×

Profitability

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Operating margin18.5%+9.5pp
Net margin4.5%+1.0pp
FCF margin42.6%

Returns & leverage

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Return on equity6%+1.8pp
Debt / equity1.5×+0.7×
Current ratio1.3×+0.1×

Where this comes from

Reported directly by TKO Group Holdings in its filing.

Tagged under the XBRL concept tko:DirectOperatingExpenses.

The official record: TKO Group Holdings’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is TKO Group Holdings's direct operating expenses?
TKO Group Holdings (TKO) reported direct operating expenses of $734.36M in Q1 2026.
How has TKO Group Holdings's direct operating expenses changed year-over-year?
TKO Group Holdings's direct operating expenses increased by 29.4% year-over-year, from $567.62M to $734.36M.
What is the long-term trend for TKO Group Holdings's direct operating expenses?
Over 3 years (2021 to 2025), TKO Group Holdings's direct operating expenses has grown at a 78.3% compound annual growth rate (CAGR), from $335.6M to $1.9B.
What does direct operating expenses mean?
The direct costs required to produce the company's core products or services.
How do you interpret direct operating expenses?
An increase relative to revenue may signal rising production costs or inefficiencies, while a decrease suggests improved cost management or economies of scale.
How does direct operating expenses compare across companies?
Often compared to Cost of Goods Sold (COGS) in manufacturing or direct production costs in media.