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TKO Group Holdings TKO Ultimate Fighting Championship — Direct Operating Expenses

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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
UFC:Three Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Revenue$401,221$359,747
Direct operating costs (1)98,62589,672
Selling, general and administrative expenses (1)48,12542,682
Adjusted EBITDA$254,471$227,393
Three Months Ended
March 31,
WWE:20262025
Revenue$475,658$391,540

Item 1. Financial Statements

FAQ

What is TKO Group Holdings's ultimate fighting championship — direct operating expenses?
TKO Group Holdings (TKO) reported ultimate fighting championship — direct operating expenses of $98.63M in Q1 2026.
How has TKO Group Holdings's ultimate fighting championship — direct operating expenses changed year-over-year?
TKO Group Holdings's ultimate fighting championship — direct operating expenses increased by 10.0% year-over-year, from $89.67M to $98.63M.
What is the long-term trend for TKO Group Holdings's ultimate fighting championship — direct operating expenses?
Over 3 years (2022 to 2025), TKO Group Holdings's ultimate fighting championship — direct operating expenses has grown at a 10.0% compound annual growth rate (CAGR), from $325.59M to $433.17M.
What does ultimate fighting championship — direct operating expenses mean?
Includes the costs directly attributable to the production and delivery of the segment's events and content, such as athlete compensation, event production costs, and venue expenses. Monitoring these costs is essential for understanding the direct cost of goods sold for a sports entertainment business.

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