$TKO

TKO Group Holdings, Inc.

CIK:0001973266|SEC Filings

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Consolidated Statements of Operations [Abstract]
Revenue	$ 1,547,078	$ 1,308,442	$ 3,143,954	$ 2,577,242
Operating expenses:
Direct operating costs	556,123	476,383	1,290,480	1,043,999
Selling, general and administrative expenses	462,649	364,357	842,887	727,642
Depreciation and amortization	98,500	99,397	242,302	199,932
Total operating expenses	1,117,272	940,137	2,375,669	1,971,573
Operating income	429,806	368,305	768,285	605,669
Other expenses:
Interest expense, net	(70,619)	(48,207)	(131,184)	(92,972)
Other income (expense), net	2,418	(7,839)	6,644	(16,224)
Income before income taxes and equity earnings of affiliates	361,605	312,259	643,745	496,473
Provision for income taxes	53,235	46,472	87,217	67,654
Income before equity earnings of affiliates	308,370	265,787	556,528	428,819
Equity (loss) earnings of affiliates, net of tax	(4,436)	7,310	(2,801)	9,834
Net income	303,934	273,097	553,727	438,653
Less: Net income attributable to non-controlling interests	202,359	174,732	362,801	281,880
Net income attributable to TKO Group Holdings, Inc.	$ 101,575	$ 98,365	$ 190,926	$ 156,773
Basic net earnings per share of Class A common stock	$ 1.36	$ 1.2	$ 2.51	$ 1.92
Diluted net earnings per share of Class A common stock	$ 1.34	$ 1.17	$ 2.46	$ 1.87
Weighted average number of common shares used in computing basic earnings per share	74,797,769	81,757,675	76,054,642	81,664,928
Weighted average number of common shares used in computing diluted net earnings per share	75,870,706	199,279,343	193,323,374	190,448,612

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 553,727	$ 438,653
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	242,302	199,932
Amortization and impairments of content costs	13,271	13,607
Amortization and write-off of original issue discount and deferred financing cost	2,082	1,266
Loss on sale of assets		1,054
Equity-based compensation	79,982	63,267
Income taxes	54,516	40,967
Other, net	2,414	(9,254)
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable	(504,891)	(208,213)
Other current assets	(96,499)	(41,403)
Other noncurrent assets	(67,123)	31,449
Deferred costs	96,024	(33,271)
Accounts payable, accrued liabilities and other current liabilities	757,903	21,227
Deferred revenue	(57,508)	37,717
Other liabilities	(7,744)	2,047
Net cash provided by operating activities	1,068,456	559,045
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, buildings and equipment and other assets	(44,444)	(48,631)
Investments in affiliates, net	(3,957)	(13,750)
Proceeds from sales of property and equipment	106	5,797
Proceeds from infrastructure improvement incentives	392	5,414
Proceeds from sales of investments and other		1,500
Net cash used in investing activities	(47,903)	(49,670)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of long-term debt	(63,689)	(20,780)
Proceeds from borrowings	929,885
Repurchase of Class A common stock	(967,623)
Net transfers to parent		(122,525)
Contributions from parent		26,504
Distributions to members	(407,991)	(166,651)
Dividends paid	(117,339)	(62,135)
Payments for financing costs	(14,838)
Taxes paid related to net settlement upon vesting of equity awards	(8,089)
Distributions of non-controlling interests	(1,336)	(448)
Net cash used in financing activities	(651,020)	(346,035)
Effects of exchange rate movements on cash	(3,325)	17,083
NET INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH	366,208	180,423
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD	1,185,959	678,083
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD	1,552,167	858,506
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	135,707	103,243
Cash payments for income taxes	88,591	31,294
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Capital expenditures included in current liabilities	4,846	2,712
Capital contribution from parent	620	49,924
Accretion of redeemable non-controlling interests	5,682	$ 4,947
Excise taxes on repurchases of common stock	$ 6,942

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 592,485	$ 831,100
Restricted cash	959,682	354,859
Accounts receivable (net of allowance for doubtful accounts of $28,067 and $30,733, respectively)	1,059,900	558,277
Deferred costs	132,988	234,807
Other current assets	465,357	350,018
Total current assets	3,210,412	2,329,061
Property, buildings and equipment, net	628,144	639,930
Intangible assets, net	3,147,303	3,327,862
Finance lease right-of-use assets, net	248,415	231,839
Operating lease right-of-use assets, net	55,212	54,780
Goodwill	8,445,011	8,444,886
Investments	128,048	131,555
Other assets	401,173	335,908
Total assets	16,263,718	15,495,821
Current liabilities:
Accounts payable	282,822	194,807
Accrued liabilities	745,319	526,303
Current portion of long-term debt	45,501	38,061
Current portion of finance lease liabilities	25,501	22,741
Current portion of operating lease liabilities	18,303	17,648
Deferred revenue	483,686	663,015
Other current liabilities	911,449	384,588
Total current liabilities	2,512,581	1,847,163
Long-term debt	4,583,724	3,724,063
Long-term finance lease liabilities	238,311	219,459
Long-term operating lease liabilities	42,237	41,063
Deferred tax liabilities	301,138	301,747
Other long-term liabilities	220,419	112,247
Total liabilities	7,898,410	6,245,742
Commitments and contingencies (Note 14)
Redeemable non-controlling interests	34,412	34,412
Stockholders' equity:
Additional paid-in capital	4,825,264	4,552,151
Accumulated other comprehensive loss	(20,462)	(17,458)
Accumulated deficit	(1,408,872)	(797,314)
Total TKO Group Holdings, Inc. stockholders’ equity	3,395,932	3,737,381
Nonredeemable non-controlling interests	4,934,964	5,478,286
Total stockholders' equity	8,330,896	9,215,667
Total liabilities, redeemable non-controlling interests and stockholders' equity	16,263,718	15,495,821
Common Class A [Member]
Stockholders' equity:
Common stock	1	1
Common Class B [Member]
Stockholders' equity:
Common stock	$ 1	$ 1