TKO Group Holdings (TKO) Q1 FY2026 earnings: revenue $1.6 billion, up 25.9% on the year
TKO Group Holdings, Inc. (TKO) reported revenue of $1.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 25.9% on the same quarter a year earlier. Net income was $89 million, up 53.0% on the year, and diluted earnings per share $1.12. The figures are the company's own, from the 10-Q it filed with the SEC on 6 May 2026.
Revenue
$1.6 billion
+25.9% on the year · +53.8% on the quarter
Q2 FY2024Q1 FY2026
Operating margin
21.2%
18.7% a year earlier
Q2 FY2024Q1 FY2026
Net income
$89 million
+53.0% on the year
Q2 FY2024Q1 FY2026
Diluted EPS
$1.12
+62.3% on the year
Q2 FY2024Q1 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 1 new, 2 kept.
Revenue rose 26% to $1.597 billion: The increase was led by IMG, up $179.1 million, with WWE up $84.2 million and UFC up $41.5 million, all against the prior-year quarter.
Adjusted EBITDA rose 32%: Adjusted EBITDA reached $549.8 million, with margin at 34% against 33%; the increase came from UFC, WWE and IMG.
Free cash flow reached $674.5 million: Free cash flow was $674.5 million against $135.5 million, which the company tied to higher operating cash flow and lower capital expenditures; conversion was 123%.
$ million except per share. Read moreFree 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
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
695
310
163
+124.1%
+326.6%
Cash from investing
-21.5
n/a
-31.0
Cash from financing
-128
n/a
-186
Depreciation and amortisation
144
156
101
-7.8%
+43.0%
Share-based compensation
39.6
n/a
30.3
+30.8%
Buybacks
838
n/a
n/a
Dividends paid
58.5
60.6
31.1
-3.6%
+88.2%
Diluted shares, weighted
195m
n/a
182m
+7.2%
Shares outstanding at period end
191m
194m
198m
-1.5%
-3.4%
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
Q1 FY2026
Q4 FY2025
Q1 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
3,376
3,737
4,162
-9.7%
-18.9%
Non-controlling interest
5,116
5,478
6,011
-6.6%
-14.9%
Redeemable equity
34.4
34.4
21.9
0.0%
+57.4%
Debt
4,640
3,762
2,756
+23.3%
+68.4%
Operating lease liabilities
39.0
41.1
48.4
-5.1%
-19.6%
Finance lease liabilities
241
219
228
+9.7%
+5.6%
Other liabilities
2,577
2,223
1,783
+15.9%
+44.5%
Total liabilities and equity
16,023
15,496
15,010
+3.4%
+6.7%
Fixed assets
635
640
621
-0.8%
+2.3%
Goodwill
8,445
8,445
8,442
-0.0%
+0.0%
Intangible assets
3,212
3,328
3,591
-3.5%
-10.6%
Investments
134
132
111
+1.7%
+20.6%
Cash and equivalents
789
831
471
-5.1%
+67.5%
Receivables
760
558
472
+36.2%
+61.0%
Other assets
2,048
1,562
1,302
+31.1%
+57.3%
Total assets
16,023
15,496
15,010
+3.4%
+6.7%
Questions
What was TKO Group Holdings' revenue in Q1 FY2026?
TKO Group Holdings (TKO) reported revenue of $1.6 billion for Q1 FY2026, the quarter ended 31 March 2026, up 25.9% on the same quarter a year earlier.
How much did TKO Group Holdings earn in Q1 FY2026?
Net income for Q1 FY2026 was $89 million, up 53.0% on the year, and diluted earnings per share $1.12.
When did TKO Group Holdings report Q1 FY2026 results?
TKO Group Holdings filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 6 May 2026.
Each quarter as filed, linked to its filing. Read more* 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 31 March 2026, filed 6 May 2026: the filing.