TKO Group's Q3 revenue rises but misses estimates
TKO•TKO Group's third-quarter revenue rose 21% year over year to $1.36 billion, below the $1.38 billion estimate, while adjusted EBITDA climbed 54% to $555.7 million. The company raised its 2026 revenue and adjusted EBITDA guidance.
1. Quarterly results
Revenue rose 21% year over year to $1.36 billion, missing the $1.38 billion analyst estimate. Net income was $277.9 million, and adjusted EBITDA increased 54% to $555.7 million.
2. Raised guidance
TKO raised its 2026 revenue outlook to $5.790 billion-$5.830 billion and adjusted EBITDA guidance to $2.295 billion-$2.315 billion. Its outlook assumes all planned live events, including those in the Middle East, proceed as scheduled. The company also plans more share repurchases.
3. Segment performance
UFC revenue rose 60% year over year, driven by higher media rights fees, more live events and increased ticket sales. IMG revenue rose 16%, while WWE revenue fell 1% as fewer premium live events and lower ticket sales offset higher media rights fees and new partnerships.
