Posted on 5/07/126 by Colin Vassallo
TKO announced its Q1 FY2026 earning results last night,
reporting a revenue of $1.597 billion and a net income of
$249.8 million.
“TKO is off to a formidable start in 2026, with strong
results and continued momentum across each of our
businesses,” said Ariel Emanuel, Executive Chair and CEO of
TKO. “We are reaffirming our full-year guidance, and today’s
incremental $1 billion share repurchase authorization
underscores our conviction in TKO and its long-term value.”
“TKO’s first quarter results reflect the strength and
durability of our premium IP. Our media rights portfolio is
firmly in place, our financial incentive packages continue
to scale, and demand for our premium live events and
experiences is healthy,” said Mark Shapiro, President and
COO of TKO. “With UFC Freedom 250 at the White House and On
Location’s FIFA World Cup partnership, TKO will take center
stage this summer, crowning moments for audience growth,
cultural relevance, and our business trajectory.”
Revenue increased 26%, or $328.1 million, to $1.597 billion.
The increase primarily reflected an increase of $41.5
million at UFC, to $401.2 million, an increase of $84.2
million at WWE, to $475.7 million, and an increase of $179.1
million at the IMG segment, to $655.4 million.
Net Income was $249.8 million, an improvement of $84.3
million from $165.5 million in the prior year period. The
improvement reflected the increase in revenue partially
offset by an increase in operating expenses. The increase in
operating expenses primarily reflected an increase in direct
operating costs of $166.8 million, an increase in selling,
general and administrative expenses of $16.9 million, and an
increase in depreciation and amortization of $43.3 million.
The increases in direct operating costs and selling, general
and administrative expenses were principally due to expenses
recorded at the IMG segment related to the 2026 Milano
Cortina Olympics.