TKO owns UFC and WWE — packing arenas and then licensing the TV rights to the millions watching from home.
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✦ The bottom line
TKO booked $4.7B in revenue last year. The jump from $2.8B is mostly the WWE merger now fully counted — so read growth carefully.
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✦ Teach me
Money coming in
TKO earns from media rights (TV and streaming deals), live events (tickets, venues), and sponsorship. Media rights are the big, contracted, multi-year piece — money promised years in advance.
Wall Street calls this
Revenue
Multi-year media-rights contracts make a chunk of revenue unusually predictable.
Revenue · fiscal year 2025
$4.7
B
Up from $2.8B — but most of that rise is WWE now fully consolidated, not organic growth.
Source · 10-K · Consolidated Statements of Operations · FY2025 · Filed Feb 25, 2026
From the 10-K · what TKO owns
...the world's premier mixed martial arts (“MMA”) organization; WWE, the global leader in sports entertainment; Professional Bull Riders...
↳ Translated: a portfolio of live properties people follow loyally, week after week.
Source · 10-K · Business — Overview · FY2025 · Filed Feb 25, 2026
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Bigger by merger
Revenue leapt — but mostly from combining UFC and WWE. Watch organic growth from here.