TKO Group Holdings (TKO) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and TKO Group Holdings published the results on November 4, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• TKO reports GAAP EPS only, per share of Class A common stock. Most of net income ($179.2 million of $277.9 million this quarter) is attributed to non-controlling interests, because TKO owned 38.5% of its operating subsidiary, TKO OpCo, at September 30, 2026.
• TKO's acquisition of IMG, On Location and PBR on February 28, 2025 was a common-control transaction, so earlier periods are recast to include those businesses.

Source: TKO Q3 2026 results, November 4, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How TKO Group Holdings splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• TKO Group Holdings's UFC revenue was $519 million in Q3 2026, up 60% from $325 million in Q3 2025, 38% of total revenue.
• TKO Group Holdings's WWE revenue was $399 million in Q3 2026, down 1% from $402 million in Q3 2025, 29% of total revenue.
• TKO Group Holdings's IMG revenue was $391 million in Q3 2026, up 16% from $337 million in Q3 2025, 29% of total revenue.
• TKO Group Holdings's Corporate and Other revenue was $61.3 million in Q3 2026, down 3% from $63.3 million in Q3 2025, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, TKO Group Holdings said:

“Based on performance through the first nine months of the year and our visibility into and anticipated performance for the remainder of the year, the Company is raising its guidance and now expects full year 2026 revenue of $5.790 billion to $5.830 billion and Adjusted EBITDA of $2.295 billion to $2.315 billion.”

“The anticipated performance assumes that the Company stages all live events, including those in the Middle East region, as currently planned.”

Source: TKO Q3 2026 release, Nov 4, 2026.

This is the company's own guidance as of Nov 4, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the TKO forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted net earnings per share of Class A common stock, each as first reported in that quarter's release.

We do not hold a confirmed date for TKO Group Holdings's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 4, 2026

TKO Group Holdings reports three segments. In Q3 2026 UFC brought in $519.2 million, WWE $399.3 million and IMG, which includes On Location, $391.3 million. Corporate and Other, mainly PBR and boxing fees, added $61.3 million, less $11.0 million of eliminations, for total revenue of $1,360.1 million, up 21%. (TKO Q3 2026 release, Nov 4, 2026)

UFC revenue rose 60%, or $194.0 million. Media rights, production and content revenue grew $132.3 million to $332.8 million, which TKO attributed to the new distribution agreement with Skydance that began in January 2026 plus one additional Numbered Event and one additional Fight Night. Live events and hospitality rose $36.0 million on the record-setting UFC 329 and two additional events. (TKO Q3 2026 release, Nov 4, 2026)

WWE revenue slipped 1% to $399.3 million. Live events and hospitality fell $24.8 million because of three fewer Main Roster Premium Live Events and lower SummerSlam sales, partly offset by higher media rights fees under the ESPN agreement that began in September 2025 and new partners. (TKO Q3 2026 release, Nov 4, 2026)

IMG revenue rose 16%, or $54.6 million. TKO cited new marketing deals for tennis and soccer, FIFA World Cup 2026 hospitality sales at On Location, and new distribution deals for FIFA World Cup, tennis and soccer, partly offset by the absence of the biennial Ryder Cup. (TKO Q3 2026 release, Nov 4, 2026)

Much of TKO's revenue is contracted years ahead. At September 30, 2026 it had $15,275.4 million of remaining performance obligations on contracts longer than one year, of which $3,412 million falls in 2027. (TKO Form 10-Q, Q3 2026, Nov 4, 2026)

TKO Group Holdings reports GAAP EPS only. Diluted net earnings per share of Class A common stock were $1.33 in Q3 2026, against $0.47. Net income was $277.9 million, but $179.2 million of it was attributed to non-controlling interests, leaving $98.7 million for TKO, because TKO owned 38.5% of TKO OpCo at September 30, 2026. (TKO Q3 2026 release, Nov 4, 2026; TKO Form 10-Q, Q3 2026, Nov 4, 2026)

The diluted share count was 74,152,562, against 199,061,830 a year earlier. TKO includes Class B shares in diluted EPS only when their effect is dilutive. Buybacks also cut the count: TKO completed an $800 million accelerated share repurchase of 4,167,298 shares on July 1, 2026 and bought 451,377 shares for about $85.5 million in the quarter under a trading plan. (TKO Q3 2026 release, Nov 4, 2026; TKO Form 10-Q, Q3 2026, Nov 4, 2026)

TKO's main non-GAAP measure is Adjusted EBITDA, $555.7 million against $360.2 million. It adds back equity-based compensation of $39.6 million and certain legal costs of $34.6 million, among other items. The effective tax rate was 11.6%, against 10.8%. (TKO Q3 2026 release, Nov 4, 2026; TKO Form 10-Q, Q3 2026, Nov 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

TKO Group Holdings gives full-year guidance for revenue and Adjusted EBITDA in its release, and raised it for the second time in 2026. It now expects revenue of $5.790 billion to $5.830 billion and Adjusted EBITDA of $2.295 billion to $2.315 billion, against $5.775 billion to $5.825 billion and $2.275 billion to $2.305 billion in August. The outlook assumes all live events, including those in the Middle East, take place as planned. (TKO Q3 2026 release, Nov 4, 2026)

TKO also said it intends to repurchase the roughly $936.0 million left under its $3 billion authorization, funded primarily from additional debt and cash on hand. (TKO Q3 2026 release, Nov 4, 2026)

A consensus figure is the average of the models published by the analysts who cover TKO Group Holdings, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones TKO Group Holdings's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning TKO is on is TKO a buy or a sell?, what analysts expect next is on the TKO forecast, and what the company does is on the TKO Group Holdings (TKO) stock page.

Every number on this page can be traced to a document TKO Group Holdings published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.