Filing Flows › TKO Group Holdings (TKO) › Q1 2026
TKO Group Holdings (TKO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
TKO Group Holdings (TKO) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +26% from a year earlier and +54% from the quarter before. Operating margin was 21.2%, net earnings $89.4M (5.6% of revenue).
TKO Group Holdings, Q1 2026: revenue $1.6B (+26% year over year), operating margin 21.2%, net earnings $89.4M, operating cash flow $695M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +54% | +26% |
| Operating profit | $338M | +490% | +43% |
| Net earnings | $89.4M | — | +53% |
| Operating cash flow | $695M | +124% | +327% |
| Free cash flow | $675M | — | +398% |
What changed
Revenue was $1.6B in Q1 2026, up 26% year over year and up 54% from the previous quarter.
Operating profit was $0.34B, a 21.2% margin (up 2.5 points year over year). Of the extra revenue versus Q1 2025, 31% reached operating profit, above the 19% margin then. Total costs grew 22% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+31%). Net earnings were $0.09B, up 53% year over year. The effective tax rate was 12.0%.
Operating cash flow was $0.69B (up 327% year over year), 278% of net income including minority interests. Non-cash charges added back $0.14B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items added $0.26B. After purchases of property, buildings and equipment and other assets ($0.02B), free cash flow as the company reports it was $0.67B.
Questions
What was TKO Group Holdings' revenue in the first quarter 2026?
TKO Group Holdings (TKO) reported revenue of $1.6B for the first quarter 2026 (Q1 2026), +26% from a year earlier and +54% from the quarter before.
Was TKO Group Holdings profitable in the first quarter 2026?
Operating profit was $338M (21.2% of revenue) and net earnings $89.4M.
Source: TKO Group Holdings 10-Q on SEC EDGAR.