Benchmark Reiterates Hold Rating on TKO Group Holdings (TKO)

Benchmark analyst Mike Hickey reiterated a Hold rating on TKO Group Holdings (NYSE: TKO).

The analyst commented, "TKO delivered a modest 2Q26 beat and raised full-year guidance, with revenue of $1.547B (+18% y/y) exceeding consensus by 0.3% and AEBITDA of $649.9M (+23%) beating by 1.1%. AEBITDA margin expanded approximately 180bps to 42.0%, roughly 30bps above the consensus-implied margin. Results reflected the step-up from UFC and WWE mediarights agreements, strong UFC partnership growth and approximately $45M of FIFA World Cup AEBITDA at IMG, partially offset by the anticipated approximately $30M loss on UFC Freedom 250. TKO raised the midpoints of FY26 revenue and AEBITDA guidance by $75M and $25M, respectively, placing both modestly above consensus. The quarter also reinforced the longerterm opportunity across financial incentive packages, international partnerships, On Location and capital returns, although the new outlook still requires a significant second-half increase in AEBITDA. We maintain our Hold rating and do not issue a PT for Hold-rated stocks."

For an analyst ratings summary and ratings history on TKO Group Holdings click here. For more ratings news on TKO Group Holdings click here.

Shares of TKO Group Holdings closed at $183.91 yesterday.

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