| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 37 | 66.2x | 17.6x | Bottom tier | |
Growth | 74 | -22.5% | 7.1% | Top tier | |
Quality | 82 | 11.9% | 4.5% | Top tier | |
Safety | 62 | 2.7x | 2.6x | Around median | |
Capital Return | 43 | 0.64% | 2.15% | Around median | |
Momentum | 47 | 0.6% | 2.3% | Around median | |
Sentiment | 58 | 9 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
TKO Group Holdings owns a portfolio of live sports and entertainment assets that includes UFC, WWE, PBR, and Zuffa Boxing, alongside IMG and On Location. The group generates revenue from media rights and content production, partnerships and marketing, event ticketing and hospitality, product licensing, as well as boxing-related service fees; more than 70% of UFC and WWE's long-term revenue is contracted, and the total value of media agreements is approximately $15 billion over five to seven years.
In Q2 FY2026, consolidated revenue reached $1.547 billion, up 18% year over year, while net income according to EDGAR data was approximately $101.6 million and earnings per share were $1.34. Adjusted EBITDA rose 23% to $650 million, while its margin expanded by approximately 180 basis points to 42%, despite a loss of approximately $30 million related to UFC Freedom 250.
WWE led the segment mix with revenue of $621 million and adjusted earnings of $368 million, followed by UFC with revenue of $536 million and adjusted earnings of $280 million, then IMG with revenue of $355 million and adjusted earnings of $79 million. UFC grew 29%, WWE 12%, and IMG 16%, while IMG's margin jumped from 9% to 22% due to On Location's World Cup hospitality program; conversely, UFC's margin declined from 59% to 52% because of the cost of UFC Freedom 250 and the event mix.
The analyst consensus is “Buy,” with an average price target of $227 and a target range of between $210 and $235. The average target is approximately at the 52-week range high of $226.94, while the highest target exceeds that high and the lowest target falls below it, reflecting meaningful disagreement over how much growth can be justified by media contracts and live events. A P/E ratio is unavailable in the data, so the raised FY2026 outlook and adjusted earnings growth should be weighed against net debt of $4.067 billion and volatility in event margins.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Consolidated revenue rose 18% to $1.547 billion, and adjusted EBITDA increased 23% to $650 million. The Paramount agreement helped increase UFC rights revenue, while the ESPN agreement supported growth in WWE rights, and the World Cup hospitality program added strong momentum to IMG and On Location. Segment revenue increased 29% at UFC, 12% at WWE, and 16% at IMG.
UFC's adjusted earnings margin was approximately 52% in Q2 FY2026 compared with 59% a year earlier. The segment absorbed a loss of approximately $30 million from UFC Freedom 250, where no tickets were sold and no live-event revenue was recorded, and the period hosted one fewer numbered event than the comparative period. At the same time, athlete, production, and event costs increased, despite segment revenue growing 29% to $536 million.
Since the beginning of FY2026, 20 million subscribing households have watched more than 200 million hours of UFC programming on Paramount+. Viewership was more than 23 times the average UFC pay-per-view event during the previous two years after the dual paywall was removed. In Q2 FY2026, UFC's media, production, and content revenue rose 25% to $325 million.
Automated analysis for informational purposes only — not investment advice.
On Location's World Cup hospitality sales surpassed $2 billion from more than 568 thousand packages through the end of Q2 FY2026. IMG generated adjusted earnings of $79 million and a margin of 22% in that quarter, and management expects to exceed its previous estimate of approximately $75 million for the World Cup's annual contribution. For LA28, orders surpassed $280 million across more than 20 thousand bookings two years before the games.
On August 3, 2026, management raised the revenue range to between $5.775 billion and $5.825 billion. It also raised the adjusted EBITDA range to between $2.275 billion and $2.305 billion, an increase of $25 million at the midpoint of the range from the February 2026 outlook. The revision was based on strong performance during the first six months of the year and expectations for the second half, particularly UFC's performance and the World Cup contribution.
TKO generated free cash flow of $350 million in Q2 FY2026, representing a conversion rate of 54% of adjusted earnings. It returned more than $1.3 billion to shareholders year to date, including a cash dividend on June 30, 2026, of $150 million, or $0.79 per share, and an $800 million accelerated repurchase of approximately 4.2 million shares. In July 2026, it also completed an additional program of up to $200 million through which it purchased one million shares, and slightly more than $1 billion remained available under the existing authorization.
