WWE Parent Company TKO Releases Fourth Quarter 2025 & Full Year Company Earnings, WWE Revenue Increases To $1.709 Billion

WWE parent company TKO Group Holdings, Inc., released the company’s fourth quarter 2025 and full year 2025 earnings. The company listed revenue of $1.038 billion with a net income of $0.8 million for the quarter, and an adjusted EBITDA of $281.2 million

In terms of full-year highlights, TKO revealed revenue of $4.735 billion for 2025, with net income of $546.2 million, and an adjusted EBITDA of $1.585 billion.

Additionally, TKO is targeting revenue of $5.675 billion to $5.775 billion for 2026, with a projected adjusted EBITDA of $2.240 billion to $2.290 billion. Also, WWE saw its revenue increase by $311.3 million to a total of $1.709 billion. More details are available below.

Speaking via a press release, TKO CEO and Executive Chair Ariel Emanuel commented, “TKO’s 2025 results reflect meaningful momentum across both UFC and WWE.” He continued, “Having concluded our second full year since forming TKO, we are extremely well-positioned with long-term media rights agreements in place and operational strength across the business. We intend to initiate the next phase of our capital return program, underpinning our commitment to deliver long-term, sustainable value for shareholders.”

Meanwhile, TKO President and COO Mark Shapiro commented, “2025 was a milestone year, underscoring the durability of our premium IP through record-setting live events and transformational global partnerships.” He added, “The successful launch of Zuffa Boxing last month sets the table for even further long-term value creation. With growing revenue, expanding margins, and an increasingly global fan base, TKO is a high-quality execution story with multiple avenues for outperformance.”

WWE Parent Company TKO Reveals Full Year and Q4 Earning Results

In terms of consolidated results, TKO announced a 12% revenue increase for Q4 2025 of $110.2 million from the third quarter. The press release cites an increase of $57.5 million at UFC, to $401.4 million, and an increase of $61.3 million at WWE, to $359.6 million, partially offset by a decrease of $24.1 million at the IMG segment, to $247.7 million. Net income for Q4 saw an improvement of $61.7 million, from a net loss of $60.9 million in the prior year period.

The results list that revenue was overall down by 3% for 2025, or $149.0 million, resulting in a total of $4.735 billion. These include an increase of $96.0 million at UFC, to $1.502 billion, and an increase of $311.3 million at WWE, to $1.709 billion. Those figures are more than offset by the decrease of $602.9 million at IMG, to $1.367 billion. TKO is attributing the decrease at IMG to revenue recorded in the prior year period from the 2024 Paris Olympics.

Net Income for 2025 was listed at $546.2 million, increasing $782.0 million from a net loss of $245.8 million in the prior year period. That increase reflected a decrease in operating expenses that was partially offset by the decrease in revenue mentioned above.

TKO also notes a decrease in operating expenses reflected by the decrease in direct operating costs at $720.7 million, along with a decrease in selling, general, and administrative expenses of $259.5 million. The decrease in operating expenses is due to expenses recorded in year 2025 for the Paris Olympics for IMG.

TKO’s 2025 results list an Adjusted EBITDA thaat increased 47%, or $503.4 million, to $1.585 billion, due to an increase of $50.0 million at UFC, an increase of $215.4 million at WWE, an increase of $208.0 million at the IMG segment, and an increase of $30.0 million at Corporate and Other.