TKO Group Posts $0.08 Q4 Loss, Revenues Rise 61.7% to $1.04B
TKO Group reported a $0.08 per share Q4 loss versus a $0.14 per-share loss estimate on revenues of $1.04 billion, up 61.7% year-over-year and 1.37% above forecasts. WWE revenue reached $359.6 million (+20.6%) and UFC logged $401.4 million (+16.7%), both topping analyst expectations.
1. Q4 Financial Results
TKO Group reported a net loss of $0.08 per share for the quarter ended December 2025, missing the consensus loss estimate of $0.14 per share. Revenue totaled $1.04 billion, up from $642.2 million a year earlier and 1.37% above the expected $1.02 billion.
2. Segment Performance
The WWE division generated $359.6 million in net revenue versus the $346.7 million consensus, marking a 20.6% year-over-year increase. UFC net revenue reached $401.4 million against a $382.8 million estimate, up 16.7% year-over-year, while IMG partnerships revenue surged to $28.5 million, more than double estimates.
3. Management Commentary
President and COO Mark Shapiro emphasized during the earnings call that TKO will remain an observer in the Paramount vs. Netflix battle for Warner Bros. Discovery, underscoring a focus on delivering on the company’s core sports entertainment business.