TKO Group, the parent company of UFC and WWE, reported a strong second quarter, with revenue rising 18% to $1.5 billion for the three months ended in June. The figure beat Wall Street expectations. Following the earnings report, the company's stock, which has struggled this year, moved higher in late trading.
TKO also raised its full-year guidance for 2026 revenue and adjusted EBITDA, marking the second consecutive quarter it has increased its outlook. The quarter's results were boosted by major events, including a UFC event at the White House, WrestleMania, and the FIFA World Cup, which came through the company's On Location business.