TKO Group Holdings Inc
tkogrp.comWhat Do They Do?
Licenses sports and entertainment programming to media distributors, and stages live events and hospitality experiences for fans, while serving corporate and sports-rights clients.
10-K for FY2025, filed Feb 25, 2026We generate revenue from the licensing of our live events and original programming to domestic and international broadcasters and…View ↗
We deliver compelling, year-round live events and premium hospitality experiences around the world. Our live event portfolio includes UFC…View ↗
On Location is a premium experiential hospitality business, offering ticketing, curated guest experiences, live event production and travel…View ↗
How Do They Make Money?
TKO earns programming-rights fees as events and programs are delivered; IMG earns commissions when distributed content becomes available or is shown. It also sells event tickets and hospitality, advertising and sponsorship opportunities, and branded merchandise, with royalties tied to licensee sales.
10-K for FY2025, filed Feb 25, 2026Broadcast rights fees received from distributors of the Company’s live event and television programming, both domestically and…View ↗
With respect to the IMG business, the Company uses both the full rights buy-out model and commission model for sales of media and broadcast…View ↗
Live event revenue consists of ticket and VIP package sales for events at third-party venues, each of which generally represents distinct…View ↗
TKO generates partnerships revenue from the sale of in-venue and in-broadcast advertising assets, content product integration and digital…View ↗
TKO merchandises UFC, WWE and PBR across a diverse range of branded products, including video games, apparel, equipment, trading cards…View ↗
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10-K for FY2025, filed Feb 25, 2026
FY2025 revenue by product or service ↗
$4.7B
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10-K for FY2025, filed Feb 25, 2026
$4.7B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Media Rights, Production and Content
Mix
10-K for FY2025, filed Feb 25, 2026 |
55%
FY2022: 54%
|
Media Rights, Production and Content, FY2025
$2.6B Sources
|
Mix |
|
Live Events and Hospitality
Sold outright
10-K for FY2025, filed Feb 25, 2026 |
28%
FY2022: 34%
|
Live Events and Hospitality, FY2025
$1.3B Sources
|
Sold outright |
|
Partnerships and Marketing
|
12%
FY2022: 9.8%
|
Partnerships and Marketing, FY2025
$588.5M Sources
|
|
|
Consumer Products, Licensing and Other
Licensed
|
5.2%
FY2022: 2.8%
|
Consumer Products, Licensing and Other, FY2025
$244.8M Sources
|
Licensed |
Who Are Their Customers?
Broadcasters and streaming services license programming; fans buy tickets and hospitality packages, while branded merchandise is sold through e-commerce and retail partners. Sports federations, teams and event owners use IMG for media-rights sales, production and marketing.
10-K for FY2025, filed Feb 25, 2026We generate revenue from the licensing of our live events and original programming to domestic and international broadcasters and…View ↗
From 2019 through 2025, ESPN was the exclusive broadcaster of UFC live events in the U.S., including PPV events. In August 2025, UFC…View ↗
We deliver compelling, year-round live events and premium hospitality experiences around the world. Our live event portfolio includes UFC…View ↗
The IMG business is a leading global sports marketing company, specializing in media rights management and sales, multi-channel content…View ↗
We have licensing partnerships with major retailers and brands worldwide. Video games and toys are among the largest components of our…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 4 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 25, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 3, 2026
Open tableView ↗
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Aug 3, 2026
Raised full-year revenue and adjusted EBITDA guidance
Revenue target rose to $5.775 billion-$5.825 billion, and adjusted EBITDA target rose to $2.275 billion-$2.305 billion.
Sources
8-K, filed Aug 3, 2026
The Company increased its target for revenue to $5.775 billion to $5.825 billionView ↗
Growing. Revenue grew 4.6x in 4 years, from $1B in FY2021 to $4.7B in FY2025, about 46% a year.
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