TKO Earnings Call for Full Year 2025 Highlights for February 25, 2026

TLDR

TKO held its earnings call on February 25, 2026, reporting that WWE generated $1.709 billion in revenue for 2025 (a 22% jump) while UFC hit $1.502 billion. Company executives Ari Emanuel and Mark Shapiro discussed major media deals including WWE's Netflix partnership, a new five-year ESPN deal with a 1.8× value increase, and a seven-year Paramount deal that will make all UFC events available to Paramount+ subscribers. TKO announced they expect double-digit growth in live event sponsorships for 2026 and are targeting $380-420 million in site fees by 2030, while John Cena's retirement match set a record as the highest-grossing WWE arena gate of all time.