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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$13.38B+5.2%
Enterprise value$17.56B+15.2%
P/E59.1×-1.2×
P/S2.6×+0.1×

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 source filing: TKO Group Holdings’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:14 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-208992
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Revenue$1,596,876$1,268,800
Operating expenses:
Direct operating costs734,357567,616
Selling, general and administrative expenses380,238363,285
Depreciation and amortization143,802100,535
Total operating expenses1,258,3971,031,436
Operating income338,479237,364
Other expenses:

Item 1. Financial Statements

FAQ

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?
Direct operating expenses encompass the costs directly attributable to the production of goods or the delivery of services. For media and entertainment firms, this includes production costs, talent fees, and event-related expenses.

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