Short answer
TKO Group Holdings (TKO) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.1B (up 64.4% year over year) with net income of $41M.
Q3 2025 key financials · XBRL
- Revenue
- $1.1B
- +64.4% YoY · −14.4% QoQ
- Net income
- $41M
- +77.2% YoY · −58.3% QoQ
- Operating margin
- 15.4%
- EPS (diluted)
- $0.46
- +64.3% YoY · −61.0% QoQ
Source: XBRL data from the TKO Group Holdings (TKO) Q3 2025 10-Q on SEC EDGAR. USD.
TKO Group Holdings Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1,119.9M, down 27% YoY from $1,540.7M; UFC revenue down 8% ($29.7M), WWE up 23% ($75.8M), IMG down 59% ($492.4M) for Q3 2025
- Operating margin 15.3% (171.9/1119.9) vs 2.2% (34.5/1540.7) YoY for Q3 2025; Adjusted EBITDA margin 32.2% vs 14.7%
- Best segment: WWE revenue up 23%, Adjusted EBITDA $207.8M up from $175.3M; Worst segment: IMG revenue down 59%, but Adjusted EBITDA improved from -$54.2M to $61.4M in Q3 2025
- Net cash from operating activities $975.8M for nine months ended Sep 30, 2025, up from $530.0M prior year; repurchased $826.1M stock, increased dividend to $0.76/share
- Near-term outlook: completed $1.0B term loan refinancing with lower rates; expects sufficient liquidity for 12+ months; ongoing UFC, WWE content distribution deals supporting revenue growth
Risk Factors
- No new risk factors added this quarter, consistent with 2024 Annual Report
- No material changes to previously disclosed risks from 2024 10-K
- Cybersecurity risk remains significant amid increasing global threats, per 2024 Annual Report
- Market demand fluctuations for business solutions continue as key near-term operational risk
- Liquidity and debt maturity profile stable with no new financial risks disclosed this quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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