TKO Reports $1.547 Billion in Q2 2026 Revenue

TKO Group Holdings, the parent company of WWE and UFC, released its second-quarter 2026 financial results on Monday, August 3, reporting revenue of $1.547 billion for the period. The company also posted net income of $303.9 million and adjusted EBITDA of $649.9 million.

Along with the earnings release, TKO raised its full-year 2026 financial guidance and announced plans to begin additional share repurchases, signaling continued confidence from leadership in the company’s growth trajectory heading into the back half of the year.

For wrestling fans, these quarterly filings offer one of the few genuinely transparent windows into how WWE is performing as a business, since TKO’s combined structure with UFC means every earnings report doubles as a checkup on the health of WWE’s various revenue streams — television and streaming rights, live event gates, sponsorships, and merchandise. Strong topline numbers like these tend to translate into more resources for WWE programming, larger venues for premium live events, and continued investment in weekly shows like Raw and SmackDown.

The raised full-year guidance is also worth watching closely. When a publicly traded company tells Wall Street it expects to outperform its own previous projections, it’s usually built on real momentum already showing up in the numbers rather than optimism alone. That bodes well for WWE’s continued expansion, including its media rights deals and live event scheduling, both domestically and internationally, as TKO looks to keep growing its combined wrestling and MMA empire.

The decision to pursue additional share repurchases is a separate but related signal. Buybacks are typically a sign that a company believes its stock is undervalued relative to its cash flow and future earnings potential, and they represent a direct way to return value to shareholders rather than reinvesting solely in new content or acquisitions. Combined with the raised guidance, it paints a picture of a company that’s comfortable with its financial footing even as it continues to spend heavily on top talent contracts, production, and global expansion for both WWE and UFC.

TKO has become a fixture in these quarterly updates since the merger that combined WWE and UFC into a single publicly traded entity, and each report has generally shown steady growth as the company leans into its media rights renewals and international push. This quarter’s numbers continue that trend, with revenue and profitability both moving in a positive direction compared to the scale TKO has operated at since its formation.

Expect more detail on specific WWE-related metrics, like premium live event performance and international ticket sales, to surface as analysts and media dig further into the full report and any accompanying investor call commentary. For now, the headline figures suggest business remains strong at the top of the wrestling world, even as fans focus on the in-ring product and storylines that make up the day-to-day conversation around the company.