Company beats the Street's expectations on revenue, earnings and sees gains in margin

TKO posted another strong quarter fueled by strong demand from fans and marketers for UFC and WWE events.

The parent company of the two leagues surpassed the Street’s expectations on revenue and adjusted earnings before interest, taxes, depreciation and amortization with its second quarter results released Monday. TKO raised its full-year revenue guidance by another $75 million while full-year adjusted EBITDA is projected to be up by $25 million.

“Despite a challenging global environment, TKO delivered solid results in Q2, with strong momentumheading into the back half of the year,” said Ariel Emanuel, executive chair and CEO of TKO. “Premiumlive content and experiences are heating up in an increasingly AI-driven world, and our businesses arewell positioned to fully capitalize on societal secular tailwinds.”

As of today, TKO is raising its guidance for full-year 2026 revenue of $5.775 billion to $5.825 billion and Adjusted EBITDA of $2.275 billion to $2.305 billion.

“From UFC Freedom 250 to the FIFA World Cup, TKO continues to deliver on the biggest stages andthis quarter reinforced our 2026 execution story. Our decision to raise full-year guidance reflects both our performance to date and our confidence in TKO’s multi-year trajectory,” said Mark Shapiro, presidentand COO of TKO. “Our global fan base is expanding, and we are capitalizing on the commercial promiseacross ticketing, premium hospitality, marketing partnerships, and financial incentive packages. Thedemand in the experience economy is undeniable and positions us well for multi-year growth, marginexpansion, and overall value creation.”