TKO revenue surges 26% on Olympics, new media deals; debt up $1.9B to fund $838M buyback

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

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  Q1 2026 revenue jumped 26% to $1.6B, driven by $177.5M in Milano Cortina Olympics hospitality revenue, new UFC-Paramount and WWE-Netflix/ESPN media deals contributing $81M combined, and a Royal Rumble event in Saudi Arabia.

  MD&A: Revenue Growth verify on EDGAR →
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  Company raised $1.9B in new term loans (September 2025 and March 2026), increasing total debt from $2.7B to $4.6B. Interest expense rose 35% to $60.6M as leverage funds aggressive capital return.

  MD&A: Debt & Interest Expense verify on EDGAR →
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  Share buybacks totaled $838M in Q1 2026, including an $800M accelerated repurchase. Board authorized an additional $1.0B buyback program in May 2026, on top of the prior $2.0B authorization.

  MD&A: Capital Allocation verify on EDGAR →