All Elite Wrestling (AEW) vs TKO

8-K Financial Filing Analysis for TKO (2026-08-03)

On August 3, 2026, TKO Group Holdings, Inc. filed a Form 8-K under Item 2.02 furnishing its financial results for the second quarter ended June 30, 2026. Along with the quarterly earnings press release, the company provided supplemental historical financial information for fiscal years 2023, 2024, and 2025. These supplemental figures retrospectively account for the acquisitions of Professional Bull Riders (PBR), On Location, and select IMG-branded businesses as a combination of entities under common control, establishing an adjusted historical baseline for comparative analysis.

• Reported Q2 2026 financial results for the quarter ended June 30, 2026 via furnished press release Exhibit 99.1.
• Furnished retrospective supplemental financial information for FY2023, FY2024, and FY2025 reflecting common-control combinations with PBR, On Location, and IMG assets (Exhibit 99.2).
• Filing officially signed and authorized by Chief Financial Officer Andrew Schleimer on August 3, 2026.

10-Q Financial Filing Analysis for TKO (2026-08-03)

TKO Group Holdings, Inc. reported its financial results for the second quarter ended June 30, 2026, delivering an 18% year-over-year revenue increase to $1.55 billion and generating net income of $303.9 million. Top-line expansion was primarily propelled by escalating media rights fees under marquee agreements with Paramount, ESPN, and Netflix, alongside strong commercial partnerships anchored by major events such as UFC Freedom 250 and integration gains from newly acquired Endeavor assets. Operationally and financially, TKO optimized its capital structure by executing a Seventh Refinancing Amendment on May 28, 2026, to lower interest margins across $4.6 billion in term loans, while returning capital through a completed $800.0 million accelerated share repurchase (ASR) program and adding $1.0 billion in buyback authorization. Additionally, WWE reached a $105.0 million agreement in principle to resolve consolidated merger litigation, which is anticipated to result in a net cash impact of $30.0 million following estimated insurance recoveries.

• Q2 2026 consolidated revenue rose 18% to $1.55 billion, generating net income of $303.9 million, bolstered by media rights contracts with Paramount, ESPN, and Netflix.
• Refinanced $4.6 billion in First Lien term loans on May 28, 2026, to reduce interest margins, executed an $800.0 million ASR with Morgan Stanley, and authorized an additional $1.0 billion in share repurchases.
• WWE entered into an agreement in principle to resolve consolidated merger litigation for $105.0 million ($30.0 million net after $75.0 million in expected insurance recoveries).

Investor Presentation Released: TKO

AI parsed presentation narrative: TKO is highlighting its successful integration of the Acquired Businesses (IMG, On Location, and PBR) and the significant growth across its core segments: UFC, WWE, and IMG. The company's central thesis focuses on the strength of its diversified sports and entertainment portfolio and its disciplined capital structure with a net leverage of 2.2x. Key tailwinds mentioned: Common Control Synergy, Media Rights Appreciation.