TKO

MKT CAP:$15B

TKO Group Holdings, Inc.

Market Cap

$15B

Communication Services·Entertainment·🇺🇸 United States·NYSE

Communication·Entertainment·🇺🇸·NYSE

Stock Price

$184.96-$21.98 (-10.62%)

Apr 20, 2026

Company Details

TKO Group Holdings, Inc. operates as a sports and entertainment company. It operates through four segments: Media and Content, Live Events, Sponsorships, and Consumer Products Licensing. The company produces live events, television programs...

CEO

Ariel Zev Emanuel

IPO Date

Sep 12, 2023

Website

tkogrp.com

Key Metrics TTM

Revenue

$4.1B

+200.1% YoY

Net Income

-$60M

EPS (Diluted)

-$0.73

Free Cash Flow

$725M

Revenue / Share

$20.91

Gross Margin

42.8%

Operating Margin

12.3%

Net Margin

-1.5%

FCF Margin

17.8%

P/S

3.6x

P/E

—

Earnings Reports

Q1 2026

May 6, 2026

PENDING

FY 2025

Feb 25, 2026

$4.7BEPS $2.26

Q4 2025

Feb 25, 2026

$1.0BEPS -$0.03

Q2 2024

Aug 8, 2024

$1.2BEPS $0.72

Q1 2024

May 8, 2024

$1.2B+298.5%EPS -$1.26

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$264M	$111M	$65M
Q2 21	$266M	$99M	$46M
Q3 21	$256M	$107M	$64M
Q4 21	$310M	$130M	$81M
Q1 22	$333M	$143M	$92M
Q2 22	$328M	$122M	$69M
Q4 22	$272M	$175M	$120M
Q1 23	$307M	$202M	$157M
Q3 23	$449M	$287M	$94M
Q4 23	$614M	$299M	$98M
Q1 24	$1.2B	$495M	$182M
Q2 24	$1.2B	$483M	$127M
Q4 25	$1.0B	$463M	$92M

Valuation

Quarter	P/S	P/E
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	3.8x	23.4x
Q1 22	4.4x	25.4x
Q2 22	3.7x	20.6x
Q4 22	5.8x	29.7x
Q1 23	5.6x	25.6x
Q3 23	5.2x	38.4x
Q4 23	4.0x	54.6x
Q1 24	2.7x	—
Q2 24	2.5x	—
Q4 25	4.3x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	$60M	$54M
Q2 21	$20M	$13M
Q3 21	$57M	$45M
Q4 21	$42M	$27M
Q1 22	$95M	$74M
Q2 22	$57M	$9M
Q4 22	$125M	$122M
Q1 23	$70M	$65M
Q3 23	$158M	$225M
Q4 23	$221M	$185M
Q1 24	$45M	$8M
Q2 24	$307M	$280M
Q4 25	$313M	$253M

Capital Expenditures

Quarter	CapEx
Q1 21	$6M
Q2 21	$6M
Q3 21	$12M
Q4 21	$15M
Q1 22	$21M
Q2 22	$47M
Q4 22	$3M
Q1 23	$5M
Q3 23	$67M
Q4 23	$36M
Q1 24	$37M
Q2 24	$27M
Q4 25	$60M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+26.5%	+21.4%
Q2 22	+23.6%	+18.1%
Q4 22	+6.2%	-21.2%
Q1 23	-1.1%	-34.9%
Q3 23	+34.7%	+47.4%
Q4 23	+87.1%	+99.4%
Q1 24	+349.9%	+587.9%
Q2 24	+289.0%	+613.9%
Q4 25	+131.1%	+166.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$0	0.0%
Q2 21	$0	0.0%
Q3 21	$0	0.0%
Q4 21	$0	0.0%
Q1 22	$0	0.0%
Q2 22	$0	0.0%
Q4 22	$6M	2.1%
Q1 23	$6M	1.9%
Q3 23	$0	0.0%
Q4 23	$0	0.0%
Q1 24	$0	0.0%
Q2 24	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 21	$45M
Q2 21	$52M
Q3 21	$43M
Q4 21	$50M
Q1 22	$51M
Q2 22	$52M
Q4 22	$54M
Q1 23	$45M
Q3 23	$193M
Q4 23	$201M
Q1 24	$313M
Q2 24	$356M
Q4 25	$405M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$106M	$342M	$448M
Q2 22	$110M	$333M	$444M
Q3 22	$182M	$259M	$441M
Q4 22	$181M	$0	$181M
Q1 23	$198M	$268M	$465M
Q2 23	$318M	$206M	$524M
Q3 23	$189M	$0	$189M
Q4 23	$236M	$0	$236M
Q1 24	$246M	$0	$246M
Q2 24	$278M	$0	$278M
Q3 24	$457M	$0	$457M
Q4 24	$526M	$0	$526M
Q1 25	$471M	$0	$471M
Q2 25	$535M	$0	$535M
Q3 25	$861M	$0	$861M
Q4 25	$831M	$0	$831M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	86M	—	—
Q2 21	85M	-0.3%	—
Q3 21	84M	-1.4%	—
Q4 21	84M	-0.7%	—
Q1 22	83M	-0.6%	-2.9%
Q2 22	88M	+5.6%	+2.8%
Q4 22	89M	+1.0%	+5.3%
Q1 23	83M	-6.2%	-0.6%
Q3 23	83M	-0.0%	-0.0%
Q4 23	83M	-0.5%	-5.8%
Q1 24	82M	-0.5%	-7.2%
Q2 24	82M	-0.6%	-1.6%
Q4 25	195M	+137.7%	+134.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	—	—
Q2 21	—	—
Q3 21	—	—
Q4 21	—	—
Q1 22	—	—
Q2 22	—	—
Q4 22	—	—
Q1 23	—	—
Q3 23	—	—
Q4 23	$491.2K	1K
Q1 24	$978.0K	1K
Q2 24	$954.6K	1K
Q4 25	$259.5K	4K

Revenue / Employee