TKO Group Holdings, Inc. Q3 2026 Earnings Recap

TKO’s quarter showed gains in UFC live events and WWE partnerships, while the stock fell 2.2% after earnings—a roughly flat reaction that suggests a mixed read rather than a clear market verdict. The transcript highlights commercial momentum but also points to a lighter WWE event calendar and a steep fourth-quarter growth hurdle for partnerships.

Key Takeaways

• UFC live-events revenue rose more than 80% year over year; the company cited 10 sellouts and seven arena records across five countries during the quarter.
• WWE global-partnership revenue increased approximately 30% despite having one premium live event, versus four in the prior-year quarter. Management expects full-year growth above 20%, implying approximately 50% growth in Q4.
• UFC 329 generated a record $26 million gate, and its broadcast drew nearly 16 million viewers on Paramount+, peaking at 8.3 million concurrent streams.
• Management said the 2026 FIFA World Cup hospitality program delivered $2.4 billion in total sales, with nearly $500 million generated by the final match alone.