Add as a preferred source on Google TKO Group Holdings reported $1.547 billion in revenue for the second quarter of 2026, up 18% from the same period last year. Net income came in at $303.9 million, and adjusted EBITDA rose 23% to $649.9 million.
WWE’s segment revenue was $620.9 million, a 12% increase from the $556.2 million it did in the second quarter of 2025. WWE’s adjusted EBITDA also rose 12%, to $368.3 million.
The biggest driver was the media rights, production and content category, which brought in $359.7 million. That $80.8 million jump was largely tied to the ESPN deal that began in September 2025.
Licensing and consumer products generated $46 million, while partnerships and marketing brought in $63.2 million.
Live events and hospitality revenue fell $33.7 million to $152 million. TKO attributed nearly all of the drop to lower WrestleMania 42 ticket sales compared to WrestleMania 41, even though WWE has billed WrestleMania 42 as one of the highest-grossing events in company history.
TKO Executive Chair and CEO Ariel Emanuel said in the release:
“Despite a challenging global environment, TKO delivered solid results in Q2, with strong momentum heading into the back half of the year. Premium live content and experiences are heating up in an increasingly AI-driven world, and our businesses are well positioned to fully capitalize on societal secular tailwinds.”
TKO President and COO Mark Shapiro added:
“From UFC Freedom 250 to the FIFA World Cup, TKO continues to deliver on the biggest stages and this quarter reinforced our 2026 execution story. Our decision to raise full-year guidance reflects both our performance to date and our confidence in TKO’s multi-year trajectory. Our global fan base is expanding, and we are capitalizing on the commercial promise across ticketing, premium hospitality, marketing partnerships, and financial incentive packages. The demand in the experience economy is undeniable and positions us well for multi-year growth, margin expansion, and overall value creation.”
TKO also raised its full-year revenue guidance to a range of $5.775 billion to $5.825 billion. Adjusted EBITDA is now projected to come in between $2.275 billion and $2.305 billion.
TKO said it has returned more than $1.3 billion in capital to shareholders and other equity holders in 2026. With its most recent share repurchase programs complete, the company has just over $1 billion still available and plans to begin additional buybacks.