TKO Group Holdings EBITDA Rises 30% to $281M, Price Target Hiked to $215
TKO reported Q4 adjusted EBITDA of $281.2M, a 30% year-over-year increase, and revenue of $1.038B versus a $1.02B consensus. On February 26, Seaport Research downgraded the stock to Neutral after an 8% post-earnings rally citing a lower 2026 revenue outlook, while Morgan Stanley lifted its price target to $215.
1. Q4 Financial Results
TKO reported adjusted EBITDA of $281.2 million in Q4, up 30% year-over-year, and generated revenue of $1.038 billion compared to a $1.02 billion consensus, reflecting continued momentum in its UFC and WWE segments.
2. Analyst Ratings Update
On February 26, Seaport Research downgraded the rating to Neutral after an 8% share rally, citing that TKO’s 2026 revenue outlook fell short of expectations and that key catalysts are largely priced in. The same day, Morgan Stanley raised its price target to $215 from $210 and maintained an Equal Weight rating.
3. First Quarter Dividend Declared
The company declared a dividend for the first quarter of 2026, marking the next step in its capital return program initiated following record 2025 results.
4. Strategic Growth Drivers
Executive Chair Ariel Emanuel highlighted momentum in UFC and WWE, secured new long‐term media rights agreements, and emphasized the launch of Zuffa Boxing as foundational elements for future value creation.