Filing Flows › TKO Group Holdings (TKO) › Q3 2025
TKO Group Holdings (TKO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
TKO Group Holdings (TKO) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), -27% from a year earlier and -14% from the quarter before. Operating margin was 15.4%, net earnings $41.0M (3.7% of revenue).
TKO Group Holdings, Q3 2025: revenue $1.1B (-27% year over year), operating margin 15.4%, net earnings $41.0M, operating cash flow $417M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | -14% | -27% |
| Operating profit | $172M | -53% | +397% |
| Net earnings | $41.0M | -58% | +77% |
| Operating cash flow | $417M | +5% | +134% |
| Free cash flow | $399M | — | +164% |
What changed
Revenue was $1.1B in Q3 2025, down 27% year over year and down 14% from the previous quarter.
Operating profit was $0.17B, a 15.4% margin (up 13.1 points year over year). Total costs fell 37% while revenue fell 27%. Net earnings were $0.04B, up 77% year over year. The effective tax rate was 10.7%.
Operating cash flow was $0.42B (up 134% year over year), 390% of net income including minority interests. Non-cash charges added back $0.13B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.16B. After purchases of property, buildings and equipment and other assets ($0.02B), free cash flow as the company reports it was $0.40B.
Questions
What was TKO Group Holdings' revenue in the third quarter 2025?
TKO Group Holdings (TKO) reported revenue of $1.1B for the third quarter 2025 (Q3 2025), -27% from a year earlier and -14% from the quarter before.
Was TKO Group Holdings profitable in the third quarter 2025?
Operating profit was $172M (15.4% of revenue) and net earnings $41.0M.
Source: TKO Group Holdings 10-Q on SEC EDGAR.