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TKO · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 18.2% y/y to $1.55B, operating margin 27.8% vs 28.1%, net income $102M (+3.4% y/y).
Net income attributable to TKO Group Holdings, Inc.
$102M
up 3.4% y/y
Revenue
$1,547M
up 18.2% y/y
Operating income
$430M
up 16.7% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Revenue | $1,547 · +18.2% |
| Direct operating costs | $556 · +16.7% |
| Selling, general and administrative expenses | $463 · +27.0% |
| Depreciation and amortization | $98.5 · −0.9% |
| Operating income | $430 · +16.7% · 27.8% margin |
| Interest expense, net | $70.6 · +46.5% |
| Other income (expense), net | $2.3 · vs −$7.8 |
| Income before income taxes and equity earnings of affiliates | $362 · +15.8% |
| Provision for income taxes | $53.2 · +14.4% · 14.7% effective rate |
| Equity (loss) earnings of affiliates, net of tax | $4.4 · vs $7.3 |
| Less: Net income attributable to non-controlling interests | $202 · +15.7% |
| Net income attributable to TKO Group Holdings, Inc. | $102 · +3.4% · $1.34/sh · 6.6% margin |
Verdict: revenue grew 18.2% y/y to $1.55B, operating margin 27.8% vs 28.1%, net income $102M (+3.4% y/y).
Adjusted EBITDA was $649.9 million.
Source and notation
Source: TKO press release, 8-K EX-99.1 of 08/03/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL.
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Chart: “TKO Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/tko/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/tko/q2-2026"><img src="https://whoreportstoday.com/t/tko/q2-2026/sankey.png" alt="TKO Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/tko/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
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<a href="https://whoreportstoday.com/t/tko/q2-2026">TKO Q2 2026 earnings chart (Who Reports Today)</a>
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- UFC revenue rose $119.8 million to $535.7 million, WWE revenue rose $64.7 million to $620.9 million, and IMG revenue rose $48.1 million to $354.7 million.
- Operating income was $430M, a 27.8% margin vs 28.1% a year earlier.
- The effective tax rate was 14.7% vs 14.9% a year earlier.
- Diluted EPS was $1.34 vs $1.17 a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
TKO — a sports and entertainment company that owns UFC (mixed martial arts), WWE (professional wrestling) and the sports marketing agency IMG. It earns media rights fees, live event and ticket revenue, sponsorships and consumer product sales, and reports three segments: UFC, WWE and IMG. · Source: annual report (Form 10-K, SEC)
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