TKO Group Holdings, Inc. (TKO)

TKO is a premium sports and entertainment company built through the 2023 combination of UFC, the world's premier mixed martial arts organization, and WWE, the global leader in sports entertainment, and significantly expanded on February 28, 2025 through the Endeavor Asset Acquisition (valued at approximately $3.25 billion plus a $50 million purchase price adjustment) which added IMG, a leading global sports marketing agency, On Location, a premium experiential hospitality business, and PBR, the world's premier bull riding organization; the company also participates in Zuffa Boxing, a joint venture professional boxing promotion formed with Sela Company in March 2025. Together, these properties reach more than one billion households across 210 countries and territories, organize more than 500 live events annually, and attract more than three million fans. UFC produces more than 40 live events annually broadcast in over 170 countries to over 950 million TV households, reaching more than 700 million fans via broadcast partners including a new seven-year exclusive U.S. distribution deal with Paramount starting in 2026, alongside its owned FIGHT PASS streaming platform.

WWE produces weekly programs (Raw, SmackDown, NXT) and Premium Live Events distributed through partners including Netflix (global exclusive home to Raw and international content), Versant (SmackDown in the U.S.), and a new five-year ESPN partnership for U.S. Premium Live Events, reaching over 700 million fans and 490 million social media followers across more than one billion households. IMG powers revenue, fanbase, and IP growth for more than 300 sports federations, associations, events, and teams—including the English Premier League, Wimbledon, ATP/WTA Tours, and the NFL—through media rights sales, content production, brand partnerships, and event management. On Location provides ticketing, curated hospitality, event production, and travel management for marquee events such as the Olympic and Paralympic Games, FIFA World Cup 26, the Super Bowl, and NCAA Final Four.

PBR features more than 1,000 bull riders competing across more than 200 events annually, including the Unleash The Beast tour and Team Series, broadcast on CBS and the CW with streaming via Paramount+ and FOX Nation. The company generates revenue through four principal activities: media rights, production and content licensing to broadcasters and distributors domestically and internationally; live events and hospitality including ticket sales, site fees, travel packages, and VIP experiences; partnerships and marketing through in-venue and in-broadcast advertising sold to major global brands such as Meta, Ram Trucks, Anheuser-Busch, Procter & Gamble, and Coca-Cola; and consumer products licensing spanning video games (with EA Sports and Take-Two Interactive), toys (Mattel), apparel, and merchandise sold through retail partners including Walmart, Target, and Fanatics. TKO's leadership, including CEO and Executive Chair Ariel Emanuel and President and COO Mark Shapiro, brings deep sports, media, and live-events expertise aimed at driving organic and inorganic growth across its portfolio of premium intellectual property, global media distribution, and experiential offerings serving fans, media partners, corporate sponsors, and rights holders worldwide.