Earnings Call
May 6, 2026
Q1 FY2026
EPS Estimate
1.11
EPS Actual
1.12
Post-Earnings Close
$187.51
Earnings Reaction
-1.6%
TKO's first quarter of 2026 demonstrated the compounding power of its media rights upgrade cycle, with consolidated revenue of $1.597 billion, up 26% year-over-year, and adjusted EBITDA of $550 million, a 32% increase, expanding margins by roughly 150 basis points to 34%. The results came in ahead of the revenue consensus estimate and validated management's full-year guidance, which the company reaffirmed: $5.675, $5.775 billion in revenue and $2.24, $2.29 billion in adjusted EBITDA, implying approximately 43% EBITDA growth and 600 basis points of margin expansion at the midpoint. The quarter's financial profile was shaped by deliberate calendar timing, UFC ran nine events versus eleven in the prior year period, with two fewer Fight Nights, yet still delivered double-digit revenue and EBITDA growth in that segment, underscoring the structural uplift from the Paramount+ deal that launched in January.
Report generated on May 7, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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