TKO Group Holdings (TKO) Q3 2025 10-Q Quarterly Report
Filed: Nov 5, 2025Period ending Sep 30, 2025
Communication Services
Services-Amusement & Recreation ServicesSEC EDGAR TKO Group Holdings (TKO) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 5, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
TKO Group Holdings Q3 2025 10-Q Analysis
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
TKO Group Holdings Q3 2025 Quarterly FinancialsXBRL
Revenue
$1.1B
▲ +64.4% YoY▼ -14.4% QoQ
Net Income
$41M
▲ +77.2% YoY▼ -58.3% QoQ
Net Margin
3.7%
▲ +27bp YoY▼ -386bp QoQ
Source: XBRL data from TKO Group Holdings Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.
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