TKO Group Holdings Q2 2026: UFC Revenue Jumps 29% on Paramount Deal
As seen on the 24/7 Wall St. homepage on August 3, 2026.
New media rights money is landing faster than Wall Street modeled: UFC segment revenue rose 29% to $535.7 million on the Paramount deal. Management raised full-year revenue guidance to $5.78 billion to $5.83 billion.
Continue ReadingShow less
TKO reported Q2 2026 earnings per share of $1.34, beating the Wall Street estimate of $1.087 by roughly 23%. Total revenue came in at $1.547 billion, just ahead of the $1.532 billion consensus. The outperformance was driven primarily by the UFC segment, where revenue rose 29% to $535.7 million as new media rights money from the Paramount deal flowed in ahead of analyst expectations.
The stronger-than-expected results gave management enough confidence to raise full-year revenue guidance to a range of $5.78 billion to $5.83 billion. That revision signals that the Paramount media rights contract is not just a one-quarter tailwind but is being baked into the company's full-year outlook.
Sponsored
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The recent EPS history adds useful context: TKO has posted a mixed beat-and-miss record over the past several quarters, including a significant miss in Q2 2025 when reported EPS of $0.61 came in well below the $1.67 estimate. The Q2 2026 result is the strongest reported EPS figure in at least the last eight quarters shown, suggesting the media rights revenue ramp is now materializing in a meaningful way.
Mentioned: TKO