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TKOTKO Group Holdings, Inc.
$191.00$37.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
TKO logo

TKO Group Holdings, Inc.

TKO
NYSE · Live Entertainment & Sports
$191.00
At close - Nov 6, 4:00 PM EST - USD
Market Cap$37.17B
P/E129.4x
52W High$226.94
Volume1.67M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Merger-Driven Growth Offsets Leverage and Labor Risks

TKO's post-merger integration is driving robust revenue growth (18-26% recent quarters) and significant gross margin expansion from 40.5% to 64.1%, reflecting strong pricing power and operating leverage.

GrowthAccelerating
ProfitabilityModerate
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

TKO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

5/12 Beats

EPS beat 5 of last 12 quarters

02

Valuation risk

+447% Peers

P/E is 447% above peer median

03

Market leadership

RS 60 · Avg

Average momentum (RS Rating: 60)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 4
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue surged 68.85% year-over-year post-merger, with gross margin expanding from 40.5% to 64.1% and operating margin reaching 27.8% in Q2 2026, though net margin remains thin at 6.6% due to non-operating charges.

Analyst Consensus+18.0% target
Buy(19 analysts)
17 Buy2 Hold0 Sell

The Bull Case

Upside Catalysts

Iconic property portfolio

TKO owns premier properties like UFC, WWE, and PBR, which are leaders in their respective sports and entertainment sectors.

Dividend distribution

TKO has declared a quarterly cash dividend, showcasing its commitment to returning value to shareholders.

Global fan engagement

TKO delivers high-impact live events and multimedia content to millions globally, driving cultural trends and fan engagement across 170 countries.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TKO-6.56%
S&P 500 (^GSPC)+7.63%
1-Year Return
TKO+7.26%
S&P 500 (^GSPC)+9.69%
3-Year Return
TKO+131.25%
S&P 500 (^GSPC)+70.56%
5-Year Return
TKO+239.42%
S&P 500 (^GSPC)+58.51%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
129.4x
Forward P/EExpansion
40.5x
EV/EBITDA80th %ile
23.1x
FCF YieldCash Flow
4.6%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
129.4x
23.6x
100th· High
EV/EBITDA
23.1x
19.0x
80th· High
Price/FCF
21.6x
35.0x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$102.44-46.4%
Base (Fair)$187.07-2.1%
Bull$281.57+47.4%
$102.44 Bear$187.07 Base$281.57 Bull
Current Market Price: $191.00
Trades at a 2.1% premium to Base DCF ($187.07)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$4.74B+68.9% YoY
Net income FY25
$195M+1977.0% YoY
Free cash flow FY25
$1.16B+148.0% YoY
Operating margin FY25
20.3%-7.3 pts YoY
ROIC (FY25)6.1%
Avg ROIC 5Y7.9%
ROE (TTM)3.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate5/12 (42%)
Revenue Beat Rate10/12 (83%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 4, 2026
$1.33+10.8%
vs $1.20
$1.4B-1.3%
vs $1.4B
Q3 2026
Aug 3, 2026
$1.34-5.0%
vs $1.41
$1.5B+0.3%
vs $1.5B
Q2 2026
May 6, 2026
$1.12+0.9%
vs $1.11
$1.6B+0.3%
vs $1.6B
Q1 2026
Feb 25, 2026
-$0.08-133.7%
vs $0.24
$1.0B+1.4%
vs $1.0B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·2d ago
TKO Announces Pricing of Senior Secured Notes Offering

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the pricing of the previously announced offering (the “Offering”) of $1.0 billion million in aggregate principal amount of 6.500% Senior Secured Notes due 2031 (the “notes”) by its indirect subsidiary, TKO Worldwide Holdings, LLC (“TKO Worldwide”). The closing of the Offering is expected to occur on or about November 13, 2026, subject to customary.

Business Wire·3d ago
TKO Announces Launch of Senior Secured Notes Offering

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the launch of an offering (the “Offering”) of $1.0 billion in aggregate principal amount of Senior Secured Notes due 2031 (the “notes”) by its indirect subsidiary, TKO Worldwide Holdings, LLC (“TKO Worldwide”). Completion of the Offering is subject to, among other things, pricing and customary closing conditions.TKO Worldwide expects to use the net.

Seeking Alpha·3d ago
TKO Group Holdings, Inc. (TKO) Q3 2026 Earnings Call Transcript

TKO Group Holdings, Inc. (TKO) Q3 2026 Earnings Call Transcript

Zacks Investment Research·3d ago
TKO Group (TKO) Reports Q3 Earnings: What Key Metrics Have to Say

The headline numbers for TKO Group (TKO) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Filtered for TKO Group Holdings, Inc.More Headlines
04

Compare before deciding

Benchmark TKO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for TKO Group Holdings, Inc. (TKO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TKO logoTKOTKO Group Holdings, Inc.Current
$191.00$37.17B129.4268.85%5.18%3.34%1.73%
LYV logoLYVLive Nation Entertainment, Inc.
$175.25$40.78B297.398.83%0.54%9.66%—
MSGS logoMSGSMadison Square Garden Sports Corp.
$314.84$7.58B983.8811.03%-1.26%—0.01%
MSGE logoMSGEMadison Square Garden Entertainment Corp.
$77.06$3.65B38.2312.52%8.64%8.55%—
FWONK logoFWONKLiberty Media Corporation
$106.33$26.65B50.3122.69%12.46%6.61%—
NFLX logoNFLXNetflix, Inc.
$63.41$264.04B18.0115.85%29.69%50.41%—

Compare TKO vs Peers

TKO Group Holdings, Inc. (TKO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LYV

Most directly comparable listed peer for TKO.

Scale Benchmark

vs NFLX

Larger-name benchmark to compare TKO against a more recognizable public peer.

Peer Set

Compare Top 5

vs LYV, MSGS, MSGE, FWONK

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

TKO SEC Filings & Documents

TKO Group Holdings, Inc. (TKO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

May 12, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 3, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 5, 2025·SEC

Get notified when TKO posts new earnings or crosses analyst targets

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TKO Frequently Asked Questions

TKO Group Holdings, Inc. (TKO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is TKO Group Holdings, Inc.'s revenue?

TKO Group Holdings, Inc. (TKO) reported $5.54B in revenue over the trailing twelve months. Revenue was $4.74B in fiscal year 2025. That is 619% more than the $658.8M of fiscal year 2015.

How fast is TKO Group Holdings, Inc. growing?

TKO Group Holdings, Inc. (TKO) grew revenue by 27.7% over the trailing twelve months, compared with the twelve months before.

Is TKO profitable?

Yes. TKO Group Holdings, Inc. (TKO) earned $287.2M in net income over the trailing twelve months (a 5.2% net margin).

Dividend & Returns
Does TKO pay dividends?

Yes. TKO Group Holdings, Inc. (TKO) pays a dividend that yields 1.73% at the current price, a moderate yield.

What is TKO's return on equity?

TKO Group Holdings, Inc. (TKO) had a return on equity (ROE) of 3.3% over the trailing twelve months. That is below the market's typical 10-15%.

What is TKO Group Holdings, Inc.'s free cash flow?

TKO Group Holdings, Inc. (TKO) generated $1.72B in free cash flow over the trailing twelve months.

What if you invested $1,000 in TKO back in 2015?

Total return calculator · dividends reinvested · 11+ years of data

See returns →