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TKO Group Holdings TKO World Wrestling Entertainment — 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
March 31,
WWE:20262025
Revenue$475,658$391,540
Direct operating costs (1)138,628122,068
Selling, general and administrative expenses (1)80,98475,532
Adjusted EBITDA$256,046$193,940
Three Months Ended
March 31,

Item 1. Financial Statements

FAQ

What is TKO Group Holdings's world wrestling entertainment — direct operating expenses?
TKO Group Holdings (TKO) reported world wrestling entertainment — direct operating expenses of $138.63M in Q1 2026.
How has TKO Group Holdings's world wrestling entertainment — direct operating expenses changed year-over-year?
TKO Group Holdings's world wrestling entertainment — direct operating expenses increased by 13.6% year-over-year, from $122.07M to $138.63M.
What is the long-term trend for TKO Group Holdings's world wrestling entertainment — direct operating expenses?
Over 2 years (2023 to 2025), TKO Group Holdings's world wrestling entertainment — direct operating expenses has grown at a 98.6% compound annual growth rate (CAGR), from $125.69M to $495.67M.
What does world wrestling entertainment — direct operating expenses mean?
These are the costs directly attributable to the production and delivery of WWE content, including talent compensation, production crew costs, and venue expenses. This metric is critical for evaluating the variable cost structure and gross margin efficiency of the segment.

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