EarningsQ2 2026 Earnings Report
DE:WWFA Q2 2026 EPS Results
Actual EPS€1.20
Consensus EPS€1.26
Beat/MissMissed by -€0.06
One Year Ago EPS€1.04
DE:WWFA Q2 2026 Revenue Results
Actual Revenue€1.38B
Expected Revenue€1.38B
Beat/MissBeat by +€4.75M
YoY Revenue Growth+18.24%
Earnings Announcement Details
QuarterQ2 2026
Date08/03/2026
TimeAfter Close
Conference CallMonday, August 3, 2026
DE:WWFA Upcoming Earnings
TKO Group Holdings's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:WWFA Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational execution and solid financial momentum across TKO's major businesses: consolidated revenue and adjusted EBITDA growth, a raised full-year outlook, record and high-grossing live events, meaningful On Location World Cup sales, and robust capital returns. Key short-term challenges include a ~$30M investment loss and margin impact from UFC Freedom 250, temporary declines in live events/hospitality revenue driven by event mix and ticketing choices, and higher event-related costs tied to international expansion. On balance, the positive growth, margin expansion, guidance raise, large partnership wins, and cash generation materially outweigh the noted one-time and mix-driven headwinds.Company Guidance
Consolidated Revenue and EBITDA Growth
Q2 consolidated revenue of $1.547 billion (up 18% YoY) and adjusted EBITDA of $650 million (up 23% YoY). Adjusted EBITDA margin expanded ~180 basis points to 42%.
Raised Full-Year Guidance
Full-year 2026 guidance increased to revenue of $5.775B–$5.825B and adjusted EBITDA of $2.275B–$2.305B (midpoint increases of $75M revenue and $25M adjusted EBITDA vs prior guidance).
UFC Revenue and Partnership Strength
UFC revenue of $536 million (up 29% YoY, +$120M). Media rights/content revenue +25% to $325M; partnerships & marketing revenue +69% to $145M. Consumer products licensing +61% to $18M.
WWE Revenue and Stable Profitability
WWE revenue of $621 million (up 12% YoY, +$65M) and adjusted EBITDA of $368 million (up 12% YoY). Adjusted EBITDA margin remained strong at 59%.
IMG / On Location World Cup Success
On Location World Cup hospitality sales surpassed ~$2.0 billion through Q2 (c.568k packages referenced by CFO) and strong continued demand; IMG revenue $355M (up 16% YoY) and adjusted EBITDA $79M (up 171% YoY) with margin expansion to 22% from 9%.
Major Event Performance & Audience Reach
UFC Freedom 250 & other major events drove viewership and earned media: UFC Freedom 250 reached ~34M viewers in reported markets (17M in U.S. & Latin America on Paramount+), Ellipse Fan Fest >130k attendees, and the event generated >$1B in earned media value.
Record Gates and High-Grossing Events
UFC 328 (Newark) and UFC 329 (Las Vegas) set record gates (UFC 329 = highest grossing UFC event). WrestleMania 42 drew >106k fans and one of WWE's highest all-time gates. Clash in Italy set the venue record in Turin.
Strong Free Cash Flow and Capital Returns
Q2 free cash flow of $350 million with FCF conversion of adjusted EBITDA at 54% (company targets >60% normalized). Year-to-date capital returned to equity holders >$1.3 billion via dividends and repurchases; completed $800M ASR and additional repurchases, with ~ $1B remaining authorization.
Zuffa Boxing & PBR Momentum
Zuffa Boxing expansion outside Nevada (U.K., NYC) and signing top talent (e.g., Shakur Stevenson); upcoming super fight (Ryan Garcia vs Conor Benn). PBR delivered a sold-out Space Cowboys event (~31k attendees) and franchise/investor interest.
DE:WWFA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed