TKO wrapped 2025 on a strong note, allowing the sports entertainment heavyweight to achieve the higher end of the full-year financial guidance that it gave to Wall Street last year.
For full year 2025, TKO delivered revenue of $4.73 billion and adjusted earnings before interest, taxes, depreciation and amortization of $1.58 billion. That was a notch over the $4.72 billion in revenue that TKO predicted earlier in the year as the maximum end of its guidance. The EBITDA number came in on the nose for the top of its EBITDA range.
Fourth quarter earnings for UFC and WWE came in at $1 billion with adjusted EBITDA of $281.2 million, up in both measures over Q4 2024.
In March, TKO plans to start another $1 billion stock buyback program, after purchasing the same amount through the course of 2025. More than 60% of TKO shares are held by its controlling shareholders at Silver Lake and Endeavor.
“TKO’s 2025 results reflect meaningful momentum across both UFC and WWE,” said Ariel Emanuel,
executive chair and CEO of TKO. “Having concluded our second full year since forming TKO, we are
extremely well positioned with long-term media rights agreements in place and operational strength across the business. We intend to initiate the next phase of our capital return program, underpinning our
commitment to deliver long-term, sustainable value for shareholders.”
TKO results have been buoyed by demand for UFC and WWE content from media outlets as well as sponsorship, event ticket and merchandise sales. The MMA league and the dean of pro wrestling leagues both enjoy the kind of rabid fandom that marshals for live events and thrives in online communities and the creator economy digital eco-system. TKO is also expanding into the sweet science through its pact with Zuffa Boxing.
“2025 was a milestone year, underscoring the durability of our premium IP through record-setting live
events and transformational global partnerships,” said Mark Shapiro, president and COO of TKO. “The
successful launch of Zuffa Boxing last month sets the table for even further long term value creation. With growing revenue, expanding margins, and an increasingly global fan base, TKO is a high-quality
execution story with multiple avenues for outperformance.”
More to come
English (US) ·