You might consider the UFC the MVP of this earnings quarter for TKO as the promotion delivered double-digit gains in as announced on Wednesday. The revenue climbed to $519.2M, a 60% increase from year-to-year.
Revenue jumped to $519.2 million this quarter thanks to rights fees increases of $132.3 million. Live events and hospitality rose to $36 million and $20.5 million increase partnerships and marketing. Its worthy to note that Q3 for TKO included the return of Conor McGregor to International Fight Week. The gate for the fight at T-Mobile against Max Holloway on July 11th was $26,430,566. “The Conor McGregor effect is huge,” Dana White told Pat McAfee in an interview after the fight.
Overall the company reported revenue of $1.360B with a net income of $277.9 million and adjusted EBITDA of $555.7 million. It also highlighted the return of over $1.6B of capital to equity holders.
The WWE had a tough quarter as it drew $399.3M in revenue but it was a decrease from the $402.1 made in 2025. The live events segment was bad for the promotion this third quarter as it drew $57.7 million which was less than the $82.5 million last year. The WWE’s big event this year was WWE’s Summerslam from Minneapolis, Minnesota. The two-night event did not live up to expectations. On the bright side, media rights, partnerships and consumer products were up for the company.
If you are looking at reasons why WWE is still holding an event in Saudi Arabia this Saturday, Q3 results reflect that they need to step it up.
MPO will have more on the granular details later.
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