TKO Group Holdings (TKO) Q2 FY2023 earnings: revenue $305 million

TKO Group Holdings, Inc. (TKO) reported revenue of $305 million for Q2 FY2023, the quarter ended 30 June 2023. Net income was $82 million. The figures are the company's own, from the 10-Q it filed with the SEC on 8 August 2024.

Revenue

$305 million

-0.5% on the quarter

Q3 FY2022Q2 FY2023

Operating margin

47.1%

Q3 FY2022Q2 FY2023

Net income

$82 million

-6.9% on the quarter

Q3 FY2022Q2 FY2023

Diluted EPS

n/a

Q3 FY2022Q2 FY2023

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ million	Q2 FY2023	Q1 FY2023	A year earlier	On the quarter
Revenue	305	307	n/a	-0.5%
Selling, general and administrative	63.5	56.3	n/a	+12.7%
Operating income	144	146	n/a	-1.5%
Operating margin	47.1%	47.6%	n/a
Interest expense	57.9	53.9	n/a	+7.4%
Pre-tax income	85.4	91.8	n/a	-7.0%
Income tax	2.9	3.6	n/a	-21.0%
Effective tax rate	3.4%	4.0%	n/a
Net income	81.9	88.0	n/a	-6.9%
Net margin	26.8%	28.7%	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2023	Q1 FY2023	A year earlier	On the quarter
Operating cash flow	111	69.7	n/a	+59.2%
Cash from investing	-4.6	-4.6	n/a
Cash from financing	-68.5	-110	n/a
Depreciation and amortisation	15.1	15.2	n/a	-0.7%
Share-based compensation	5.8	5.8	n/a	-0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2023	Q1 FY2023	A year earlier	On the quarter	On the year	Last 8 quarters
Shareholders' equity	587	561	n/a	+4.6%
Cash and equivalents	173	136	n/a	+27.0%

Questions

What was TKO Group Holdings' revenue in Q2 FY2023?

TKO Group Holdings (TKO) reported revenue of $305 million for Q2 FY2023, the quarter ended 30 June 2023.

How much did TKO Group Holdings earn in Q2 FY2023?

Net income for Q2 FY2023 was $82 million.

When did TKO Group Holdings report Q2 FY2023 results?

TKO Group Holdings filed its 10-Q for the quarter ended 30 June 2023 with the SEC on 8 August 2024.

Quarterly results, the last 16 quarters

	Q3 FY2022	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024 †	Q2 FY2024 †	Q3 FY2024 †	Q4 FY2024 †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	341	307	305	449	614	1,222	1,193	1,541	928	1,269	1,308	1,120	1,038	1,597	1,547	1,360
SG&A	56.5	56.3	63.5	193	236	668	368	380	355	363	364	379	405	380	463	401
Operating income	170	146	144	93.8	62.9	-174	115	34.6	55.0	237	368	172	57.4	338	430	378
Operating margin	50%	48%	47%	21%	10%	-14%	10%	2%	6%	19%	28%	15%	6%	21%	28%	28%
Interest expense	35.3	53.9	57.9	60.6	66.6	61.2	63.0	59.4	52.2	44.8	48.2	50.8	58.9	60.6	70.6	69.9
Pre-tax income	135	91.8	85.4	32.5	-2.4	-243	51.7	7.6	-26.5	184	312	118	-7.8	282	362	317
Tax rate	4%	4%	3%	34%	n/a	n/a	13%	38%	n/a	11%	15%	11%	n/a	12%	15%	12%
Net income	130	88.0	81.9	-21.9	-13.3	-104	59.1	23.1	31.0	58.4	98.4	41.0	-2.4	89.4	102	98.7
Net margin	38%	29%	27%	-5%	-2%	-8%	5%	2%	3%	5%	8%	4%	-0%	6%	7%	7%
Diluted EPS	n/a	n/a	n/a	-$0.26	-$0.16	-$1.26	$0.72	$0.28	$0.28	$0.69	$1.17	$0.47	-$0.08	$1.12	$1.34	$1.33
Operating cash flow	n/a	69.7	111	67.0	221	59.3	231	237	56.8	163	396	417	310	695	374	472
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.0	n/a	n/a	n/a	n/a	n/a	838	129	156
Dividends paid	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	31.1	31.1	62.4	60.6	58.5	58.9	57.7
Shares outstanding	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	198m	198m	195m	194m	191m	189m	189m
Filing	10-Q	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2023, filed 8 August 2024: the filing.