TKO Q2 FY2026: revenue up 18.2%, EPS $1.34 misses, guidance raised
TKO's second quarter was a growth story with a scorecard asterisk: revenue rose 18.2% to $1.547 billion and management raised full-year guidance, but GAAP EPS of $1.34 missed the $1.5046 consensus and most of the profit went to non-controlling interests. Read the raise as the signal and the per-share miss as a reminder that TKO keeps only part of what it earns. View: Neutral.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $1.34, up from $1.17 a year earlier but below the $1.5046 consensus estimate by about $0.16. The comparison is not perfectly like-for-like, because no non-GAAP EPS figure was provided, while consensus estimates usually track adjusted earnings. More important, the $1.34 captures only the TKO-attributable slice: of $303.9 million in net income, $202.3 million belonged to non-controlling interests, leaving $101.6 million for TKO shareholders.
Revenue of $1.547 billion rose 18.2%, or $238.7 million, from $1.308 billion a year ago. The gain was spread across all three segments: UFC up $119.8 million, WWE up $64.7 million and IMG up $48.1 million. The new Paramount deal at UFC and the ESPN deal at WWE did much of the work.
Management raised full-year 2026 revenue guidance to $5.775 billion to $5.825 billion and Adjusted EBITDA guidance to $2.275 billion to $2.305 billion, from February's $5.675 billion to $5.775 billion and $2.240 billion to $2.290 billion. That lifts the midpoint of revenue guidance by $75 million and the midpoint of Adjusted EBITDA guidance by $25 million. It is a real raise, but a measured one.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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