TKO (TKO)
Market Price (11/7/2026): $191.0 | Market Cap: $13.8 BilInvestor Relations Sector: Communication Services | Industry: Movies & Entertainment
TKO (TKO)
Market Price (11/7/2026): $191.0Market Cap: $13.8 BilSector: Communication ServicesIndustry: Movies & Entertainment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 6.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 12% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% Stock buyback supportStock Buyback 3Y Total is 2.1 Bil Low stock price volatilityVol 12M is 32% Megatrend and thematic driversMegatrends include Digital Content & Streaming, Experience Economy & Premiumization, and Social Media & Creator Economy. Themes include Video Streaming, Show more. | Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 49x Key risksTKO key risks include [1] challenges in integrating its core WWE and UFC assets and [2] a significant reliance on marquee talent. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.9%, Dividend Yield is 6.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.6%, FCF Yield is 12% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 20% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31% |
| Stock buyback supportStock Buyback 3Y Total is 2.1 Bil |
| Low stock price volatilityVol 12M is 32% |
| Megatrend and thematic driversMegatrends include Digital Content & Streaming, Experience Economy & Premiumization, and Social Media & Creator Economy. Themes include Video Streaming, Show more. |
| Meaningful short interestShort Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 49x |
| Key risksTKO key risks include [1] challenges in integrating its core WWE and UFC assets and [2] a significant reliance on marquee talent. |
Qualitative Assessment
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Updated on 11/4/2026
TKO (TKO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance: TKO Group Holdings reported robust results for its fiscal third quarter ended September 30, 2026. The company announced revenue of $1.36 billion, marking a 21% increase year-over-year from $1.12 billion in fiscal Q3 2025. Diluted Earnings Per Share (EPS) reached $1.33, surpassing analysts' consensus estimates of $1.20 by $0.13. Net income attributable to TKO stockholders significantly increased to $98.7 million from $41.0 million in the prior-year quarter, and Adjusted EBITDA surged 54% to $555.7 million. This growth was primarily fueled by the UFC segment, which saw a 60% revenue increase to $519.2 million, largely driven by the record-breaking UFC 329 event that generated a $26 million gate.
2. Raised Full-Year 2026 Financial Guidance: Following its strong quarterly performance, TKO Group Holdings increased its full-year 2026 financial guidance. The company now expects full-year revenue to be in the range of $5.79 billion to $5.83 billion, an upward revision from its previous August guidance of $5.775 billion to $5.825 billion. Additionally, the target for Adjusted EBITDA was raised to between $2.295 billion and $2.315 billion. This revised outlook signals management's increased confidence in the company's sustained operational strength and future earnings potential.
Show more
TKO (TKO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance: TKO Group Holdings reported robust results for its fiscal third quarter ended September 30, 2026. The company announced revenue of $1.36 billion, marking a 21% increase year-over-year from $1.12 billion in fiscal Q3 2025. Diluted Earnings Per Share (EPS) reached $1.33, surpassing analysts' consensus estimates of $1.20 by $0.13. Net income attributable to TKO stockholders significantly increased to $98.7 million from $41.0 million in the prior-year quarter, and Adjusted EBITDA surged 54% to $555.7 million. This growth was primarily fueled by the UFC segment, which saw a 60% revenue increase to $519.2 million, largely driven by the record-breaking UFC 329 event that generated a $26 million gate.
2. Raised Full-Year 2026 Financial Guidance: Following its strong quarterly performance, TKO Group Holdings increased its full-year 2026 financial guidance. The company now expects full-year revenue to be in the range of $5.79 billion to $5.83 billion, an upward revision from its previous August guidance of $5.775 billion to $5.825 billion. Additionally, the target for Adjusted EBITDA was raised to between $2.295 billion and $2.315 billion. This revised outlook signals management's increased confidence in the company's sustained operational strength and future earnings potential.
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Updated on 11/4/2026
TKO (TKO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance: TKO Group Holdings reported robust results for its fiscal third quarter ended September 30, 2026. The company announced revenue of $1.36 billion, marking a 21% increase year-over-year from $1.12 billion in fiscal Q3 2025. Diluted Earnings Per Share (EPS) reached $1.33, surpassing analysts' consensus estimates of $1.20 by $0.13. Net income attributable to TKO stockholders significantly increased to $98.7 million from $41.0 million in the prior-year quarter, and Adjusted EBITDA surged 54% to $555.7 million. This growth was primarily fueled by the UFC segment, which saw a 60% revenue increase to $519.2 million, largely driven by the record-breaking UFC 329 event that generated a $26 million gate.
2. Raised Full-Year 2026 Financial Guidance: Following its strong quarterly performance, TKO Group Holdings increased its full-year 2026 financial guidance. The company now expects full-year revenue to be in the range of $5.79 billion to $5.83 billion, an upward revision from its previous August guidance of $5.775 billion to $5.825 billion. Additionally, the target for Adjusted EBITDA was raised to between $2.295 billion and $2.315 billion. This revised outlook signals management's increased confidence in the company's sustained operational strength and future earnings potential.
3. Commitment to Shareholder Returns Through Buybacks: TKO underscored its dedication to enhancing shareholder value by announcing plans to aggressively repurchase shares under its substantial $3 billion buyback program. Year-to-date through fiscal Q3 2026, the company has already returned over $1.6 billion in capital to equity holders through a combination of share repurchases and dividend payments. Specifically, during the first nine months of fiscal 2026, TKO repurchased $1,123.8 million of Class A common stock.
4. Positive Analyst Sentiment and Price Targets: Wall Street analysts maintained a generally bullish outlook on TKO Group Holdings during the period. As of November 3, 2026, TKO held a "Strong Buy" consensus rating among 9 analysts, with 56% recommending a Strong Buy and 44% a Buy. Analysts have set an average price target of approximately $231 to $228.65, indicating further upside potential from the stock's prevailing prices. Several firms also reaffirmed or increased their price targets for TKO throughout August, September, and October 2026.
Show less
TKO (TKO) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q3 2026 Financial Performance: TKO Group Holdings reported robust results for its fiscal third quarter ended September 30, 2026. The company announced revenue of $1.36 billion, marking a 21% increase year-over-year from $1.12 billion in fiscal Q3 2025. Diluted Earnings Per Share (EPS) reached $1.33, surpassing analysts' consensus estimates of $1.20 by $0.13. Net income attributable to TKO stockholders significantly increased to $98.7 million from $41.0 million in the prior-year quarter, and Adjusted EBITDA surged 54% to $555.7 million. This growth was primarily fueled by the UFC segment, which saw a 60% revenue increase to $519.2 million, largely driven by the record-breaking UFC 329 event that generated a $26 million gate.
2. Raised Full-Year 2026 Financial Guidance: Following its strong quarterly performance, TKO Group Holdings increased its full-year 2026 financial guidance. The company now expects full-year revenue to be in the range of $5.79 billion to $5.83 billion, an upward revision from its previous August guidance of $5.775 billion to $5.825 billion. Additionally, the target for Adjusted EBITDA was raised to between $2.295 billion and $2.315 billion. This revised outlook signals management's increased confidence in the company's sustained operational strength and future earnings potential.
3. Commitment to Shareholder Returns Through Buybacks: TKO underscored its dedication to enhancing shareholder value by announcing plans to aggressively repurchase shares under its substantial $3 billion buyback program. Year-to-date through fiscal Q3 2026, the company has already returned over $1.6 billion in capital to equity holders through a combination of share repurchases and dividend payments. Specifically, during the first nine months of fiscal 2026, TKO repurchased $1,123.8 million of Class A common stock.
4. Positive Analyst Sentiment and Price Targets: Wall Street analysts maintained a generally bullish outlook on TKO Group Holdings during the period. As of November 3, 2026, TKO held a "Strong Buy" consensus rating among 9 analysts, with 56% recommending a Strong Buy and 44% a Buy. Analysts have set an average price target of approximately $231 to $228.65, indicating further upside potential from the stock's prevailing prices. Several firms also reaffirmed or increased their price targets for TKO throughout August, September, and October 2026.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 5.5% change in TKO stock from 7/31/2026 to 11/6/2026 was primarily driven by a 15.9% change in the company's Net Income Margin (%).| (LTM values as of) | 7312026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 181.07 | 191.00 | 5.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,063 | 5,542 | 9.5% |
| Net Income Margin (%) | 4.5% | 5.2% | 15.9% |
| P/E Multiple | 61.9 | 48.6 | -21.4% |
| Shares Outstanding (Mil) | 77 | 73 | 5.8% |
| Cumulative Contribution | 5.5% |
Market Drivers
7/31/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| TKO | 5.5% | |
| Market (SPY) | -1.6% | 18.7% |
| Sector (XLC) | -3.2% | 41.9% |
Fundamental Drivers
The 3.5% change in TKO stock from 4/30/2026 to 11/6/2026 was primarily driven by a 25.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302026 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 184.61 | 191.00 | 3.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,735 | 5,542 | 17.0% |
| Net Income Margin (%) | 4.1% | 5.2% | 25.6% |
| P/E Multiple | 74.0 | 48.6 | -34.4% |
| Shares Outstanding (Mil) | 78 | 73 | 7.2% |
| Cumulative Contribution | 3.5% |
Market Drivers
4/30/2026 to 11/6/2026| Return | Correlation | |
|---|---|---|
| TKO | 3.5% | |
| Market (SPY) | 2.6% | 9.3% |
| Sector (XLC) | -9.8% | 36.9% |
Fundamental Drivers
The 3.0% change in TKO stock from 10/31/2025 to 11/6/2026 was primarily driven by a 24.0% change in the company's Net Income Margin (%).| (LTM values as of) | 10312025 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 185.46 | 191.00 | 3.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,046 | 5,542 | 9.8% |
| Net Income Margin (%) | 4.2% | 5.2% | 24.0% |
| P/E Multiple | 71.9 | 48.6 | -32.4% |
| Shares Outstanding (Mil) | 82 | 73 | 11.8% |
| Cumulative Contribution | 3.0% |
Market Drivers
10/31/2025 to 11/6/2026| Return | Correlation | |
|---|---|---|
| TKO | 3.0% | |
| Market (SPY) | 8.7% | 19.6% |
| Sector (XLC) | -7.9% | 34.1% |
Fundamental Drivers
The 138.8% change in TKO stock from 10/31/2023 to 11/6/2026 was primarily driven by a 386.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312023 | 11062026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.99 | 191.00 | 138.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,140 | 5,542 | 386.1% |
| Net Income Margin (%) | 34.0% | 5.2% | -84.7% |
| P/E Multiple | 17.2 | 48.6 | 183.0% |
| Shares Outstanding (Mil) | 83 | 73 | 13.8% |
| Cumulative Contribution | 138.8% |
Market Drivers
10/31/2023 to 11/6/2026| Return | Correlation | |
|---|---|---|
| TKO | 138.8% | |
| Market (SPY) | 81.9% | 31.2% |
| Sector (XLC) | 67.1% | 37.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TKO Return | - | - | -18% | 74% | 49% | -8% | 97% |
| Peers Return | 24% | -15% | 15% | 32% | 13% | 8% | 94% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| TKO Win Rate | - | - | 25% | 83% | 67% | 45% | |
| Peers Win Rate | 57% | 33% | 45% | 65% | 52% | 61% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| TKO Max Drawdown | - | - | - | -12% | -21% | -23% | |
| Peers Max Drawdown | -20% | -30% | -19% | -14% | -25% | -25% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: FWONA, MSGS, LYV, FOXA, CMCSA.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | TKO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -16.3% | -18.8% |
| % Gain to Breakeven | 19.5% | 23.1% |
| Time to Breakeven | 24 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.7% | -9.5% |
| % Gain to Breakeven | 36.3% | 10.5% |
| Time to Breakeven | 155 days | 24 days |
In The Past
TKO's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.5% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | TKO | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -26.7% | -9.5% |
| % Gain to Breakeven | 36.3% | 10.5% |
| Time to Breakeven | 155 days | 24 days |
In The Past
TKO's stock fell -16.3% during the 2025 US Tariff Shock. Such a loss loss requires a 19.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About TKO (TKO)
TKO Group Holdings, Inc. (TKO) is a prominent global sports and entertainment company, operating as a subsidiary of Endeavor Group Holdings, Inc. At its core, TKO focuses on creating, producing, and distributing captivating live events and a wide array of video content across numerous platforms. These platforms include traditional broadcast and pay television, modern streaming services, and extensive digital and social media channels, reaching a vast international audience in approximately 170 countries.
The company generates its revenue through several key business lines. TKO is deeply involved in media and content production, encompassing everything from major live events to television programs. Beyond content, it has a significant consumer products segment, which includes the merchandising of popular items like video games, apparel, collectibles, and toys, as well as the sale of event tickets and travel packages. Additionally, TKO leverages its extensive reach to offer corporate sponsorships and advertising solutions, providing valuable in-venue, in-broadcast, and digital marketing opportunities for brands and partners.
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1. A Disney for combat entertainment.
2. The NFL or NBA for fighting and professional wrestling.
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- Content Production and Distribution: Creating and broadcasting television programs, video content, and live event coverage across global platforms.
- Live Event Production: Organizing and staging sports and entertainment events for in-person attendance.
- Corporate Sponsorships and Advertising: Providing advertising and promotional opportunities to businesses through in-venue placements, broadcast integration, and digital impressions.
- Consumer Product Licensing and Sales: Licensing its brands for merchandise like video games, apparel, and toys, and selling travel packages and event tickets.
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TKO Group Holdings, Inc. primarily sells to other companies (B2B customers) across its major segments, with a significant portion of its revenue derived from media rights, sponsorships, and licensing agreements.
Here are some of TKO's major customer companies:
- NBCUniversal (part of Comcast Corporation, symbol: CMCSA) - A major media partner for WWE content, particularly through the Peacock streaming service.
- Netflix (symbol: NFLX) - Recently announced a significant long-term deal to exclusively carry WWE Raw.
- ESPN (part of The Walt Disney Company, symbol: DIS) - A long-standing major media partner for UFC content.
- Fox Corporation (symbol: FOXA) - Previously held significant WWE broadcast rights (SmackDown) and continues to be a player in sports broadcasting.
- Amazon.com, Inc. (symbol: AMZN) - Has been expanding its sports content offerings and holds regional rights for UFC events.
In addition to these media partners, TKO also has numerous corporate sponsors (brands) and licensing partners (e.g., video game publishers, apparel manufacturers, toy companies) that are other businesses.
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- Endeavor Group Holdings, Inc. (EDR)
- IMG ARENA (a subsidiary of Endeavor Group Holdings, Inc.)
- Learfield (a subsidiary of Endeavor Group Holdings, Inc.)
- On Location (a subsidiary of Endeavor Group Holdings, Inc.)
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Ariel Emanuel Executive Chair and Chief Executive Officer
Ariel Emanuel is the Executive Chair and Chief Executive Officer of TKO Group Holdings, a position he assumed in September 2023, becoming Executive Chair in February 2024. He is also the CEO of Endeavor, an entertainment and media agency, and Executive Chairman of WME Group. Emanuel co-founded the Endeavor Talent Agency in 1995, which later merged with the William Morris Agency in 2009 to form WME. He was instrumental in expanding Endeavor into a global sports and entertainment conglomerate, acquiring assets like IMG and UFC. His leadership was key in orchestrating the 2023 merger of UFC and WWE, which formed TKO Group Holdings.
Andrew Schleimer Chief Financial Officer
Andrew Schleimer has served as the Chief Financial Officer of TKO Group Holdings, Inc. since September 2023. Prior to this, he was the Chief Financial Officer of UFC from September 2016 to November 2023 and Deputy Chief Financial Officer of Endeavor Group Holdings, Inc. from February 2021 to September 2023. From July 2014 to September 2016, Mr. Schleimer served as the Executive Vice President & Chief Financial Officer of Digital Turbine, Inc. (Nasdaq). He also held roles as Executive Vice President of Strategic Development at Dick Clark Productions and Six Flags Entertainment Corporation. Mr. Schleimer began his career in investment banking at UBS Financial Services, focusing on media and entertainment.
Mark Shapiro President and Chief Operating Officer
Mark Shapiro became the President and Chief Operating Officer and a director of TKO Group Holdings, Inc. in September 2023. He also serves as President and Managing Partner of WME Group (formerly Endeavor Group Holdings, Inc.) since March 2025. Mr. Shapiro previously served as President and Chief Operating Officer of Endeavor from April 2023 to March 2025, and as its President from December 2018 to March 2025. His background includes serving as Chief Executive Officer and Executive Producer at Dick Clark Productions from 2010 to 2014, and as Director, President, and Chief Executive Officer of Six Flags Entertainment Corporation from 2006 to 2010. Earlier in his career, he spent 12 years at ESPN, Inc., where he rose to Executive Vice President of Programming and Production.
Seth Krauss Chief Administrative Officer & Senior Counsel to the Board of Directors and Senior Management
Seth Krauss has been the Chief Administrative Officer & Senior Counsel to the Board of Directors and Senior Management of TKO Group Holdings, Inc. since January 2025, having previously served as TKO Group Holdings, Inc.'s Chief Legal and Administrative Officer from September 2023 until January 2025. He also holds the title of Chief Administrative Officer & Senior Counsel to the Board of Directors and Senior Management of Endeavor Group Holdings, Inc. since January 2024, after serving as Endeavor's Chief Legal Officer from June 2014 until October 2023. Before joining Endeavor, Mr. Krauss served as the Executive Vice President and General Counsel of Take Two Interactive Software Inc. from March 2007 to June 2014.
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The key risks to TKO Group Holdings, Inc.'s business include legal and regulatory challenges, financial risks and debt management, and dependence on live events and competitive market dynamics.
- Legal and Regulatory Risks: TKO Group Holdings is currently navigating a complex landscape due to a securities fraud investigation, which poses a significant legal risk and can materially impact the company's financial condition and reputation. The ongoing nature of this legal scrutiny creates uncertainty and volatility around TKO's stock. Additionally, the company operates in a complex regulatory environment, necessitating compliance with various laws and regulations.
- Financial Risks and Debt Management: TKO faces financial risks related to its debt levels and profitability challenges. The company needs to carefully monitor its financial performance and take steps to mitigate these risks, as an inability to manage debt obligations or improve profitability could lead to financial distress. Furthermore, higher leverage and fixed capital return commitments, such as debt-funded share repurchases and ongoing dividends, could reduce financial flexibility if operations underperform.
- Dependence on Live Events and Competitive Market Dynamics: A significant portion of TKO's revenue is generated from live events, making it vulnerable to external factors like weather conditions, security incidents, and global health crises. The sports and entertainment industry is highly competitive, with numerous players vying for audience attention and market share. TKO must continually innovate, invest in its brands, and deliver high-quality content to maintain its competitive edge against other sports organizations, entertainment companies, and digital streaming services.
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The increasing efforts by athletes, particularly within the UFC, to challenge their independent contractor status and advocate for unionization or greater revenue sharing represents a clear emerging threat. A successful shift to employee status or collective bargaining could significantly increase TKO's operating costs for athlete compensation, alter talent acquisition and retention strategies, and potentially impact profitability across its Live Events and Media and Content segments.
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TKO Group Holdings, Inc. operates within several large addressable markets globally for its main products and services.
The addressable markets for TKO's offerings include:
* Media and Content: The global sports media market was valued at approximately USD 150 billion in 2023, driven by increasing consumption across traditional television and digital streaming services. The broader global entertainment media market was valued at USD 3,235.49 billion in 2025 and is expected to reach USD 6,165.06 billion by 2035. The global entertainment content and goods market was valued at USD 154.2 billion in 2024, with projections to reach USD 284.1 billion by 2034. In 2024, North America held a significant share of 47.9% in the entertainment content and goods market, valued at USD 73.8 billion.
* Live Events: The global live events industry market was estimated at USD 652.6 billion in 2022 and is projected to grow to USD 1,177.1 billion by 2032. Growth in this market is fueled by renewed interest in face-to-face engagement and the recovery of entertainment and sports sectors. Another source indicates the global live entertainment market was valued at USD 197.9 billion in 2025, with an expectation to reach USD 344.5 billion by 2035. North America holds a dominant position in the live entertainment market, with a 41.80% share, amounting to USD 82.7 billion in 2025.
* Sponsorships: The global sports sponsorship market was estimated at USD 73.8 billion in 2022 and is projected to reach USD 151.4 billion by 2031. Other estimations place the market at USD 84.08 billion in 2024, with a projected increase to USD 156.14 billion by 2032. North America is a leading region, with its market share in sports sponsorship reaching USD 22.11 billion in 2024.
* Consumer Products Licensing: The global brand licensing market, encompassing various consumer products, reached sales of USD 369.6 billion in 2024. This market is projected to grow from USD 337.6 billion in 2023 to USD 470.6 billion by 2030.
* **Sports Memorabilia:** The global sports memorabilia market, which includes trading cards, is expected to grow from USD 26.1 billion in 2021 to USD 227.2 billion by 2032. In 2024, the sports memorabilia collectibles market was valued at USD 38.617 billion and is projected to reach USD 70.966 billion by 2030.
* **Sports Apparel:** The global sports apparel market was valued at USD 230.6 billion in 2022 and is projected to reach USD 410.8 billion by 2032.
* **Video Games (Merchandising):** The global games market generated USD 187.7 billion in 2024 and is projected to reach USD 188.8 billion in 2025 and USD 206.5 billion in 2028. This market influences merchandising opportunities for video games.
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TKO Group Holdings, Inc. (TKO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives across its integrated sports and entertainment portfolio. These include leveraging substantial media rights agreements, expanding live events and associated revenues, and growing global partnerships.
Here are 3-5 expected drivers of future revenue growth:
- New Media Rights Agreements: TKO has secured significant, long-term media rights deals for both its UFC and WWE properties. Notably, the WWE's Netflix deal for Raw, commencing in January 2025, and various ESPN agreements for WWE, along with UFC's deal with Paramount, are highlighted as substantial, high-margin revenue streams with built-in annual escalators. These agreements provide strong visibility and predictability for future revenue growth. The company expects these major U.S. media rights deals to significantly reshape its revenue mix and drive a "step-change" in 2026.
- Growth in Live Events and Site Fees: TKO continues to demonstrate strong performance and growth in live events for both UFC and WWE. This includes increasing ticket sales and securing higher site fees for events. Management expects over $300 million in aggregate value from site fees and financial incentive packages in 2026, with a normalized expectation of approximately $240 million.
- Expansion of Global Partnerships and Sponsorships: The company is actively pursuing and securing new global partners and renewing existing sponsorship deals for both UFC and WWE at increased fees. TKO has raised its 2030 partnerships revenue target from $1.0 billion to $1.2 billion, reflecting confidence in this growth area.
- International Market Expansion and Content Monetization: TKO aims to capitalize on a growing global fanbase by expanding its premium live events and tours into new and existing international markets. The company is also securing rights agreements and renewals for UFC in international territories with healthy average annual increases, further monetizing its content globally.
- Launch of New Initiatives: Strategic new ventures, such as the launch of Zuffa Boxing with Paramount+ rights, are anticipated to contribute to revenue growth, particularly through "super-fights" planned for 2026 and beyond.
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Share Repurchases
- TKO Group Holdings, Inc. authorized a $2.0 billion share repurchase program in October 2024.
- During 2025, the company repurchased $866.8 million of Class A common stock.
- TKO plans to launch up to $1 billion in additional share repurchases in March 2026, with approximately $1.096 billion remaining available under the program as of February 24, 2026.
Share Issuance
- Upon its formation in September 2023 through the merger of UFC and WWE, Endeavor received approximately 26.54 million common units of TKO OpCo and subscribed for an equal number of shares of TKO Class B common stock.
Inbound Investments
- As a new entity formed by the merger of UFC and WWE in September 2023, Endeavor Group Holdings, Inc. held a 51% stake in TKO, with WWE shareholders holding 49%.
Outbound Investments
- On February 28, 2025, TKO completed the acquisition of certain businesses operating under the IMG brand, On Location, and Professional Bull Riders (PBR) from Endeavor in a $3.25 billion all-stock transaction.
- In July 2024, TKO invested $15.0 million for an approximate 5% ownership stake in EverPass, LLC, a live sports media platform, with additional pro rata capital contributions through May 2025.
- In March 2025, TKO entered into a joint venture with Sela Company to launch a global boxing promotion business known as Zuffa Boxing.
Capital Expenditures
- Capital expenditures were $48.633 million in 2023, increasing to $74.949 million in 2024.
- The 2024 capital expenditures included approximately $19.6 million related to WWE's new headquarters facility.
- In 2025, TKO's annual capital expenditures were $126.953 million.
Peer Outperformance in Movies & Entertainment
nullShare of Movies & Entertainment constituents that TKO has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
37%
of 27 industry peers · 7.2% return
3Y
76%
of 25 industry peers · 128.5% return
5Y
—
insufficient peer history
null
Median price return by industry across the Communication Services sector, ranked by 5Y. Movies & Entertainment is TKO's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Wireless Telecommunication Services | 3 | -12.4% | 15.8% | 38.9% | ECHO 262% · TMUS 39% |
| Publishing | 6 | 26.7% | 15.5% | 8.2% | NYT 44% · NWSA 13% · WLY 10% |
| Integrated Telecommunication Services | 21 | -14.7% | 18.9% | -23.8% | GSAT 237% · AD 102% · TDS 94% |
| Movies & Entertainment ← | 23 | 18.2% | 45.0% | -31.4% | IMAX 130% · FWONA 94% · BATRA 81% |
| Interactive Media & Services | 33 | -38.1% | -38.9% | -71.0% | GOOGL 93% · META 81% · CARG -8% |
| Broadcasting | 14 | -12.9% | -21.6% | -71.3% | FOXA 71% · NXST 34% · SIRI -39% |
| Alternative Carriers | 4 | -40.1% | 15.4% | -73.3% | IRDM 10% · LUMN -69% |
| Advertising | 18 | -35.7% | -12.3% | -73.3% | APP 297% · OMC 50% · MGNI 21% |
| Interactive Home Entertainment | 8 | -40.2% | -62.3% | -73.5% | TTWO 15% · RBLX -37% · PINS -59% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| TKO Stock Falls -7% With A 7-day Losing Spree On Heavy Insider Selling | 01/07/2026 | |
| TKO Stock Falls -6.6% In 6-day Spree On Insider Selling And Bearish Options | 01/06/2026 | |
| TKO Earnings Notes | 12/28/2026 | |
| 11-Day Rally Sends TKO Stock Up 15% | 12/09/2025 | |
| TKO Stock Surges 14%, With A 9-Day Winning Spree | 12/05/2025 | |
| TKO Stock Surges 9.2%, With A 7-Day Winning Spree | 12/03/2025 | |
| 7-Day Rally Sends TKO Stock Up 10% | 12/03/2025 | |
| ARTICLES | ||
| Is TKO Stock Really Expensive? | 10/20/2026 | |
| 6 S&P 500 Stocks Hit 52-Week Lows On Monday | 10/13/2026 | |
| S&P 500 Stocks Trading At 52-Week High | 12/17/2025 | |
| TKO Stock Surges 15%, With A 11-Day Winning Spree | 12/09/2025 | |
| TKO Stock On Fire: Up 9.2% With 7-Day Winning Streak | 12/03/2025 |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 100.92 |
| Mkt Cap | 28.0 |
| Rev LTM | 17,959 |
| Op Inc LTM | 1,203 |
| FCF LTM | 1,724 |
| FCF 3Y Avg | 1,604 |
| CFO LTM | 2,047 |
| CFO 3Y Avg | 1,943 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 10.9% |
| Rev Chg 3Y Avg | 9.6% |
| Rev Chg Q | 18.9% |
| QoQ Delta Rev Chg LTM | 4.5% |
| Op Inc Chg LTM | 17.9% |
| Op Inc Chg 3Y Avg | 17.1% |
| Op Mgn LTM | 14.7% |
| Op Mgn 3Y Avg | 13.2% |
| QoQ Delta Op Mgn LTM | 1.1% |
| CFO/Rev LTM | 25.4% |
| CFO/Rev 3Y Avg | 21.6% |
| FCF/Rev LTM | 13.9% |
| FCF/Rev 3Y Avg | 13.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 28.0 |
| P/S | 1.6 |
| P/Op Inc | 11.6 |
| P/EBIT | 11.5 |
| P/E | 45.4 |
| P/CFO | 10.3 |
| Total Yield | 8.2% |
| Dividend Yield | 1.0% |
| FCF Yield 3Y Avg | 8.1% |
| D/E | 0.3 |
| Net D/E | 0.1 |
Price Behavior
Price Behavior
| Market Price | $191.00 | |
| Market Cap ($ Bil) | 14.0 | |
| First Trading Date | 09/12/2023 | |
| Distance from 52W High | -14.1% | |
| 50 Days | 200 Days | |
| DMA Price | $182.46 | $191.75 |
| DMA Trend | down | down |
| Distance from DMA | 4.7% | -0.4% |
| 3M | 1YR | |
| Volatility | 30.5% | 32.2% |
| Downside Capture | 40.88 | 45.81 |
| Upside Capture | 68.19 | 44.72 |
| Correlation (S&P 500) | 10.5% | 19.8% |
TKO Betas & Captures as of 10/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.15 | -0.06 | 0.20 | 0.08 | 0.44 | 0.64 |
| Up Beta | -2.11 | -0.71 | -0.04 | -0.14 | 0.35 | 0.53 |
| Down Beta | -0.22 | -0.67 | 0.10 | -0.20 | 0.45 | 0.78 |
| Up Capture | 2% | 19% | 25% | 17% | 32% | 44% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 10 | 18 | 29 | 58 | 124 | 396 |
| Down Capture | -7% | 24% | 32% | 32% | 61% | 79% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 12 | 25 | 35 | 68 | 126 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKO | |
|---|---|---|---|---|
| TKO | 3.6% | 32.2% | 0.13 | - |
| Sector ETF (XLC) | -6.8% | 16.6% | -0.61 | 34.1% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | 19.7% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | 10.5% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -15.5% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 32.1% |
| Bitcoin (BTCUSD) | -26.9% | 43.6% | -0.60 | 8.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKO | |
|---|---|---|---|---|
| TKO | 14.6% | 32.8% | 0.69 | - |
| Sector ETF (XLC) | 6.5% | 21.1% | 0.22 | 36.5% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 31.5% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 8.1% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | 1.5% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 26.9% |
| Bitcoin (BTCUSD) | 4.1% | 51.6% | 0.26 | 11.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKO | |
|---|---|---|---|---|
| TKO | 7.0% | 32.8% | 0.69 | - |
| Sector ETF (XLC) | 8.5% | 22.1% | 0.42 | 36.5% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 31.5% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 8.1% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 1.5% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 26.9% |
| Bitcoin (BTCUSD) | 60.1% | 66.3% | 1.00 | 11.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/7/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2026 | -2.2% | ||
| 8/3/2026 | 0.3% | 3.0% | -0.9% |
| 5/6/2026 | -1.6% | -3.6% | 6.8% |
| 2/25/2026 | 8.0% | 4.4% | -6.7% |
| 11/5/2025 | -3.3% | -3.0% | 8.9% |
| 8/6/2025 | 3.3% | 22.9% | 24.7% |
| 5/8/2025 | -5.5% | -4.4% | -3.3% |
| 3/19/2025 | 0.4% | 3.2% | -0.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 5 | 6 | 7 |
| # Negative | 8 | 6 | 5 |
| Median Positive | 3.3% | 5.6% | 8.9% |
| Median Negative | -2.1% | -4.0% | -3.3% |
| Max Positive | 8.0% | 22.9% | 24.7% |
| Max Negative | -5.5% | -6.7% | -15.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/4/2026 | -2.2% | ||
| 8/3/2026 | 0.3% | 3.0% | -0.9% |
| 5/6/2026 | -1.6% | -3.6% | 6.8% |
| 2/25/2026 | 8.0% | 4.4% | -6.7% |
| 11/5/2025 | -3.3% | -3.0% | 8.9% |
| 8/6/2025 | 3.3% | 22.9% | 24.7% |
| 5/8/2025 | -5.5% | -4.4% | -3.3% |
| 3/19/2025 | 0.4% | 3.2% | -0.4% |
| 11/6/2024 | -1.9% | -2.0% | 19.9% |
| 8/8/2024 | 6.8% | 8.4% | 5.4% |
| 5/8/2024 | -0.1% | 6.9% | 9.7% |
| 2/27/2024 | -3.9% | -6.6% | 0.1% |
| 11/7/2023 | -1.2% | -6.7% | -15.0% |
| SUMMARY STATS | |||
| # Positive | 5 | 6 | 7 |
| # Negative | 8 | 6 | 5 |
| Median Positive | 3.3% | 5.6% | 8.9% |
| Median Negative | -2.1% | -4.0% | -3.3% |
| Max Positive | 8.0% | 22.9% | 24.7% |
| Max Negative | -5.5% | -6.7% | -15.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/22/2023 | 424B3 |
| 03/31/2023 | 06/23/2023 | S-4/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/04/2026 | 10-Q |
| 06/30/2026 | 08/03/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/05/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/27/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/22/2023 | 424B3 |
| 03/31/2023 | 06/23/2023 | S-4/A |
Recent Forward Guidance
Updated 11/5/2026Latest: Q3 2026 Earnings Reported 11/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 5.79 Bil | 5.81 Bil | 5.83 Bil | 0.2% | Raised | Guidance: 5.80 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 2.29 Bil | 2.31 Bil | 2.31 Bil | 0.7% | Raised | Guidance: 2.29 Bil for 2026 | |
Prior: Q2 2026 Earnings Reported 8/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 5.78 Bil | 5.80 Bil | 5.83 Bil | 1.3% | Raised | Guidance: 5.72 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 2.27 Bil | 2.29 Bil | 2.31 Bil | 1.1% | Raised | Guidance: 2.27 Bil for 2026 | |
Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 5.67 Bil | 5.72 Bil | 5.78 Bil | 0 | Affirmed | Guidance: 5.72 Bil for 2026 | |
| 2026 Adjusted EBITDA | Reported | 2.24 Bil | 2.27 Bil | 2.29 Bil | 0 | Affirmed | Guidance: 2.27 Bil for 2026 | |
Q4 2025 Earnings Reported 2/25/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | Reported | 5.67 Bil | 5.72 Bil | 5.78 Bil | 21.7% | Higher New | Guidance: 4.71 Bil for 2025 | |
| 2026 Adjusted EBITDA | Reported | 2.24 Bil | 2.27 Bil | 2.29 Bil | 43.8% | Higher New | Guidance: 1.57 Bil for 2025 | |
| 2026 Share Repurchases | Reported | 1.00 Bil | ||||||
Insider Activity
Updated 10/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Khan, Nick | Direct | Sell | 10152026 | 175.19 | 9,189 | 1,609,821 | 3,532,181 | Form | |
| 2 | Khan, Nick | Direct | Sell | 10152026 | 175.07 | 400 | 70,028 | 5,138,480 | Form | |
| 3 | Khan, Nick | Direct | Sell | 9152026 | 194.77 | 9,589 | 1,867,626 | 5,794,529 | Form | |
| 4 | Khan, Nick | Direct | Sell | 8192026 | 199.41 | 6,546 | 1,305,350 | 7,844,863 | Form | |
| 5 | Schleimer, Andrew M | Chief Financial Officer | Direct | Sell | 8192026 | 194.39 | 9,942 | 1,932,625 | 7,396,734 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Khan, Nick | Direct | Sell | 10152026 | 175.19 | 9,189 | 1,609,821 | 3,532,181 | Form | |
| 2 | Khan, Nick | Direct | Sell | 10152026 | 175.07 | 400 | 70,028 | 5,138,480 | Form | |
| 3 | Khan, Nick | Direct | Sell | 9152026 | 194.77 | 9,589 | 1,867,626 | 5,794,529 | Form | |
| 4 | Khan, Nick | Direct | Sell | 8192026 | 199.41 | 6,546 | 1,305,350 | 7,844,863 | Form | |
| 5 | Schleimer, Andrew M | Chief Financial Officer | Direct | Sell | 8192026 | 194.39 | 9,942 | 1,932,625 | 7,396,734 | Form |
| 6 | Emanuel, Ariel | Chief Executive Officer | Direct | Sell | 8192026 | 194.39 | 24,702 | 4,801,822 | 33,888,786 | Form |
| 7 | Khan, Nick | Direct | Sell | 8192026 | 194.39 | 8,248 | 1,603,329 | 8,919,780 | Form | |
| 8 | Shapiro, Mark S | See Remarks | Direct | Sell | 8192026 | 194.39 | 19,120 | 3,716,737 | 28,589,132 | Form |
| 9 | Khan, Nick | Direct | Sell | 8142026 | 197.17 | 9,589 | 1,890,631 | 7,757,235 | Form | |
| 10 | Khan, Nick | Direct | Sell | 7222026 | 181.11 | 12,998 | 2,354,065 | 8,862,161 | Form | |
| 11 | Khan, Nick | Direct | Sell | 7222026 | 183.56 | 10,081 | 1,850,471 | 11,367,984 | Form | |
| 12 | Khan, Nick | Direct | Sell | 7142026 | 182.63 | 9,589 | 1,751,280 | 13,151,975 | Form | |
| 13 | Khan, Nick | Direct | Sell | 6162026 | 207.56 | 9,589 | 1,990,266 | 16,918,279 | Form | |
| 14 | Kraft, Jonathan | KPC US Equity LLC | Buy | 5182026 | 189.96 | 5,200 | 987,797 | 5,451,880 | Form | |
| 15 | Emanuel, Ariel | Chief Executive Officer | Direct | Buy | 5132026 | 185.09 | 10,805 | 1,999,875 | 28,624,774 | Form |
| 16 | Shapiro, Mark S | See Remarks | Direct | Buy | 5132026 | 185.05 | 10,807 | 1,999,868 | 23,910,150 | Form |
| 17 | Schleimer, Andrew M | Chief Financial Officer | Direct | Buy | 5132026 | 185.44 | 2,696 | 499,953 | 5,607,782 | Form |
| 18 | Khan, Nick | Direct | Sell | 5062026 | 185.99 | 9,518 | 1,770,287 | 16,944,090 | Form | |
| 19 | Khan, Nick | Direct | Sell | 4072026 | 198.59 | 9,518 | 1,890,225 | 19,982,292 | Form | |
| 20 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 3102026 | 199.15 | 254 | 50,584 | 19,716 | Form |
| 21 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 3042026 | 221.91 | 616 | 136,697 | 78,334 | Form |
| 22 | Khan, Nick | Direct | Sell | 3042026 | 220.29 | 9,518 | 2,096,737 | 24,242,634 | Form | |
| 23 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 2242026 | 210.00 | 616 | 129,360 | 203,490 | Form |
| 24 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 2182026 | 208.01 | 616 | 128,134 | 329,696 | Form |
| 25 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 2102026 | 211.54 | 616 | 130,309 | 465,600 | Form |
| 26 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 2032026 | 202.04 | 616 | 124,457 | 569,147 | Form |
| 27 | Krauss, Seth D | See Remarks | Direct | Sell | 1292026 | 200.71 | 2,271 | Form | ||
| 28 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 1292026 | 202.72 | 615 | 124,671 | 695,925 | Form |
| 29 | Khan, Nick | Direct | Sell | 1262026 | 201.31 | 9,518 | 1,916,048 | 24,069,541 | Form | |
| 30 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 1222026 | 201.98 | 1,238 | 250,051 | 817,615 | Form |
| 31 | Khan, Nick | Direct | Sell | 1222026 | 201.98 | 7,744 | 1,564,133 | 26,072,353 | Form | |
| 32 | Shapiro, Mark S | See Remarks | Direct | Sell | 1222026 | 201.98 | 14,363 | 2,901,039 | 23,914,432 | Form |
| 33 | Schleimer, Andrew M | Chief Financial Officer | Direct | Sell | 1222026 | 201.98 | 11,978 | 2,419,316 | 5,563,337 | Form |
| 34 | Krauss, Seth D | See Remarks | Direct | Sell | 1222026 | 201.22 | 14,016 | 2,820,266 | 456,965 | Form |
| 35 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 1222026 | 203.77 | 613 | 124,911 | 1,077,128 | Form |
| 36 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 1132026 | 198.83 | 749 | 148,924 | 622,537 | Form |
| 37 | Krauss, Seth D | See Remarks | Direct | Sell | 1132026 | 200.39 | 5,712 | 1,144,611 | 455,079 | Form |
| 38 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 1052026 | 204.21 | 1,946 | 397,385 | 838,062 | Form |
| 39 | Shapiro, Mark S | See Remarks | Direct | Sell | 1052026 | 204.08 | 32,022 | 6,535,050 | 21,396,155 | Form |
| 40 | Schleimer, Andrew M | Chief Financial Officer | Direct | Sell | 1052026 | 204.08 | 5,739 | 1,171,215 | 3,314,055 | Form |
| 41 | Krauss, Seth D | See Remarks | Direct | Sell | 1052026 | 207.67 | 9,777 | 2,030,424 | 1,657,857 | Form |
| 42 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 12292025 | 216.36 | 253 | 54,739 | 164,217 | Form |
| 43 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 12292025 | 214.08 | 254 | 54,376 | 216,649 | Form |
| 44 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 12162025 | 206.44 | 254 | 52,436 | 261,353 | Form |
| 45 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 12092025 | 202.41 | 254 | 51,412 | 307,663 | Form |
| 46 | Khan, Nick | Direct | Sell | 12052025 | 195.16 | 9,519 | 1,857,735 | 21,269,541 | Form | |
| 47 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 12032025 | 192.82 | 254 | 48,976 | 342,063 | Form |
| 48 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 11262025 | 178.32 | 254 | 45,293 | 361,633 | Form |
| 49 | Kapral, Shane | Deputy Chief Financial Officer | Direct | Sell | 11192025 | 183.56 | 254 | 46,624 | 418,884 | Form |
| 50 | Khan, Nick | Direct | Sell | 11052025 | 188.26 | 9,519 | 1,792,065 | 22,309,732 | Form | |
| 51 | Khan, Nick | Direct | Sell | 10072025 | 197.82 | 9,519 | 1,883,021 | 25,325,087 | Form |
Investor Activity (13F)
Updated Nov 7, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Lindsell Train Ltd | $493.9 Mil | 15.7% | 27 | TRIM -13.1% | 13F |
| XN LP | $382.2 Mil | 14.0% | 23 | TRIM -33.9% | 13F |
| Darlington Partners Capital Management, LP | $272.3 Mil | 12.2% | 10 | Hold | 13F |
| Cat Rock Capital Management LP | $61.8 Mil | 9.6% | 14 | Hold | 13F |
| Northern Right Capital Management, L.P. | $23.8 Mil | 8.5% | 25 | TRIM -8.1% | 13F |
| Islander Capital Partners, L.P. | $10.1 Mil | 4.0% | 15 | ADD +172.1% | 13F |
| Hawk Ridge Capital Management LP | $83.4 Mil | 3.0% | 48 | ADD +16.5% | 13F |
| Gates Capital Management, Inc. | $86.3 Mil | 3.0% | 31 | Hold | 13F |
| Valiant Capital Management, L.P. | $36.3 Mil | 2.9% | 28 | TRIM -8.5% | 13F |
| Independent Franchise Partners LLP | $92.3 Mil | 0.6% | 26 | TRIM -5.8% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Blue Grotto Capital, LLC | $31.4 Mil | 3.2% | 24 | Exited | Dec 31, 2025 | 13F |
| XN LP | $382.2 Mil | 14.0% | 23 | TRIM -33.9% | Mar 31, 2026 | 13F |
| Lindsell Train Ltd | $493.9 Mil | 15.7% | 27 | TRIM -13.1% | Mar 31, 2026 | 13F |
| Valiant Capital Management, L.P. | $36.3 Mil | 2.9% | 28 | TRIM -8.5% | Mar 31, 2026 | 13F |
| Northern Right Capital Management, L.P. | $23.8 Mil | 8.5% | 25 | TRIM -8.1% | Mar 31, 2026 | 13F |
| Independent Franchise Partners LLP | $92.3 Mil | 0.6% | 26 | TRIM -5.8% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Lindsell Train Ltd | $493.9 Mil | 15.7% | 27 | TRIM -13.1% | 13F |
| XN LP | $382.2 Mil | 14.0% | 23 | TRIM -33.9% | 13F |
| Darlington Partners Capital Management, LP | $272.3 Mil | 12.2% | 10 | Hold | 13F |
| Independent Franchise Partners LLP | $92.3 Mil | 0.6% | 26 | TRIM -5.8% | 13F |
| Gates Capital Management, Inc. | $86.3 Mil | 3.0% | 31 | Hold | 13F |
| Hawk Ridge Capital Management LP | $83.4 Mil | 3.0% | 48 | ADD +16.5% | 13F |
| Cat Rock Capital Management LP | $61.8 Mil | 9.6% | 14 | Hold | 13F |
| Valiant Capital Management, L.P. | $36.3 Mil | 2.9% | 28 | TRIM -8.5% | 13F |
| Northern Right Capital Management, L.P. | $23.8 Mil | 8.5% | 25 | TRIM -8.1% | 13F |
| Islander Capital Partners, L.P. | $10.1 Mil | 4.0% | 15 | ADD +172.1% | 13F |
TKO — Investor Video Playlist
Investor / Analyst
TKO Q1 Earnings | Ted Turner | WWE TV Contracts | Pollock & Thurston
Investor / Analyst
TKO Q1 Earnings | Ted Turner | WWE TV Contracts | Pollock & Thurston
Investor / Analyst
Calls of the Day: ServiceTitan, Shake Shack, Toast, Delta Air Lines and TKO Group
Investor / Analyst
Calls of the Day: Netflix, Parker Hannifin, TKO Group, Zoom Communications, and DoorDash
Leadership
Meet Sean Gleason, CEO of PBR & the force behind one of the fastest-growing sports in North America!
Leadership
Meet Andrew Schleimer, CFO, a key leader helping fuel TKO's momentum in our latest TKO Spotlight!
Leadership
Endeavor & TKO CEO Ariel Emanuel sat down with the Pat McAfee Show during SBLIX week!
Products & Services
Same Job, Different Team Part 2
Investor / Analyst
[Beat Expectations] TKO - 2024 Q3 Earnings Analysis
Investor / Analyst
FINANCE NEWS🚨 BOEING Strike Continues, TESLA Q3 exceeds limits, TKO's $3.25 billion deal, and MORE
Industry Resources
| Communication Services Resources |
| Variety |
| The Hollywood Reporter |
| Adweek |
| Movies & Entertainment Resources |
| Deadline |
| IndieWire |
| Screen Daily |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 11/6/2026