TKO Group Holdings — the parent company of UFC and WWE — reported Q2 2026 revenue of $1.547 billion, an 18% jump that cleared Wall Street's consensus estimate of $1.534 billion. The company raised its full-year revenue and adjusted EBITDA guidance on the strength of the quarter, and its shares climbed roughly 2% in late trading to around $187, having already closed up 1.2% during the regular session. (Deadline)

Net income came in at $303.9 million, up $31 million from a year earlier, according to the company's earnings press release. Adjusted EBITDA — a profitability metric that strips out interest, taxes, depreciation and amortisation — rose 23% to $649.9 million. (Deadline)

Both of TKO's marquee properties pulled in more money. WWE revenue climbed $64.7 million to $621 million. UFC revenue rose $120 million to $536 million, largely on the back of higher media rights fees tied to a new distribution agreement with Paramount that began in January 2026. (Deadline)

The IMG segment, TKO's global sports marketing arm, added $48 million in sales to reach $354.7 million. (Deadline)

The quarter was not without its costs. TKO booked $98 million in legal fees and settlement charges from stockholder litigation related to WWE, which partly offset the gain in net income. Free cash flow fell by $25.3 million to $349.6 million. (Deadline)

One UFC detail stands out: the promotion held UFC Freedom 250 at the White House in June 2026, an event for which no tickets were sold. The quarter also included one fewer numbered UFC event than the same period a year earlier, yet UFC revenue still surged. (Deadline)

TKO has also been returning capital aggressively. The company reported more than $1.3 billion returned year-to-date as of Q2, on top of roughly $1 billion returned in Q1 2026 alone, per its financial filings.

Ariel Emanuel serves as TKO's executive chair and CEO, with Mark Shapiro as president and COO. The New York Stock Exchange-listed company — ticker TKO — counts UFC, WWE, PBR (Professional Bull Riders), the Zuffa Boxing joint venture, the IMG sports marketing agency and the On Location premium hospitality business among its holdings. Its properties reach more than one billion households across 210 countries and territories, and it stages over 500 live events a year drawing more than three million fans, according to its investor relations site.

For fans of UFC and WWE, the numbers matter less than what they enable: continued investment in live events, broadcast deals and the production pipelines that put fights and shows in front of audiences. A raised forecast signals TKO expects that machine to keep running hotter through the rest of 2026.