TKOTKO Group Holdings

Communication · Entertainment · NYSE

TKO is a premium sports and entertainment company. 10-K, Item 1

Employees: 4,000
Headquarters: New York, NY
CEO: Ariel Emanuel
Next results: around Feb 24, 2027

TKO and 9 peers, year by year

The 9 Communication companies closest to TKO in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
TKO TKO Group Holdings	FY2025	$4.7B	−3.1%	-	17.6%	4.1%	-	5.2%	1.01
TTWO Take-Two Interactive	FY2026	$6.7B	+18.2%	57.2%	−1.6%	−4.5%	6.9%	−8.5%	0.72
APP AppLovin	FY2025	$5.5B	+70.0%	-	75.8%	60.8%	-	156.2%	1.65
RDDT Reddit	FY2025	$2.2B	+69.4%	-	20.1%	24.1%	31.1%	18.1%	-
NWSA News Corp (Class A)	FY2026	$9.0B	+6.8%	-	-	6.3%	9.0%	6.7%	0.23
ECHO EchoStar	FY2025	$15.0B	−5.2%	-	−118.1%	−96.6%	−7.1%	n/m	4.51
FOXA Fox Corporation (Class A)	FY2026	$17.1B	+5.1%	-	-	9.8%	8.6%	14.5%	0.57
OMC Omnicom Group	FY2025	$17.3B	+10.1%	-	2.6%	−0.3%	16.1%	−0.5%	0.77
LYV Live Nation Entertainment	FY2025	$25.2B	+8.8%	-	5.0%	2.0%	1.3%	183.0%	n/m
SKYD Skydance Corporation	FY2024	$29.2B	−1.5%	-	−18.0%	−21.2%	1.7%	−37.9%	0.89

Revenuepeer median $15.0B

Sales growthpeer median +8.8%

Operating marginpeer median 2.6%

Net marginpeer median 2.0%

FCF marginpeer median 7.8%

Return on equitypeer median 10.6%

Debt / equitypeer median 0.77

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2021 to FY2025

Revenue as reported in the 10-K.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	$1.0B	$1.1B	$3.2B	$4.9B	$4.7B
TTWO Mar	$3.4B	$3.5B	$5.3B	$5.3B	$5.6B
APP Dec	$2.8B	$2.8B	$1.8B	$3.2B	$5.5B
RDDT Dec	-	$666.7M	$804.0M	$1.3B	$2.2B
NWSA Jun	$9.4B	$10.4B	$8.0B	$8.3B	$8.5B
ECHO Dec	$19.8B	$18.6B	$17.0B	$15.8B	$15.0B
FOXA Jun	$12.9B	$14.0B	$14.9B	$14.0B	$16.3B
OMC Dec	$14.3B	$14.3B	$14.7B	$15.7B	$17.3B
LYV Dec	$6.3B	$16.7B	$22.7B	$23.2B	$25.2B
SKYD Dec	-	-	$29.7B	$29.2B	-
Peer median	$9.4B	$12.2B	$14.7B	$14.0B	$11.7B

Sales growth, FY2021 to FY2025

Revenue against the fiscal year before.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	+10.5%	+46.9%	+51.5%	−3.1%
TTWO Mar	+9.2%	+3.9%	+52.6%	0.0%	+5.3%
APP Dec	+92.5%	+0.9%	+16.5%	+75.1%	+70.0%
RDDT Dec	-	-	+20.6%	+61.7%	+69.4%
NWSA Jun	+3.9%	+11.0%	−4.9%	+3.0%	+2.4%
ECHO Dec	+5.2%	−6.0%	−8.7%	−7.0%	−5.2%
FOXA Jun	+4.9%	+8.3%	+6.7%	−6.3%	+16.6%
OMC Dec	+8.5%	0.0%	+2.8%	+6.8%	+10.1%
LYV Dec	+237%	+166%	+36.2%	+1.9%	+8.8%
SKYD Dec	-	-	-	−1.5%	-
Peer median	+8.5%	+3.9%	+11.6%	+1.9%	+9.5%

Gross margin, FY2021 to FY2025

Gross profit / revenue.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	-	-	-	-
TTWO Mar	54.5%	56.2%	42.7%	41.9%	54.4%
APP Dec	-	-	-	-	-
RDDT Dec	-	-	-	-	-
NWSA Jun	-	-	-	-	-
ECHO Dec	-	-	-	-	-
FOXA Jun	-	-	-	-	-
OMC Dec	-	-	-	-	-
LYV Dec	-	-	-	-	-
SKYD Dec	-	-	-	-	-
Peer median	-	-	-	-	-

Operating margin, FY2021 to FY2025

Operating income / revenue.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	37.9%	47.7%	11.7%	0.6%	17.6%
TTWO Mar	18.7%	13.5%	−21.8%	−67.1%	−77.9%
APP Dec	5.4%	−1.7%	41.9%	59.3%	75.8%
RDDT Dec	-	−25.8%	−17.4%	−43.1%	20.1%
NWSA Jun	-	-	-	-	-
ECHO Dec	17.3%	12.0%	−1.6%	−1.9%	−118.1%
FOXA Jun	-	-	-	-	-
OMC Dec	15.4%	14.6%	14.3%	14.5%	2.6%
LYV Dec	−6.7%	4.3%	4.8%	3.6%	5.0%
SKYD Dec	-	-	−1.5%	−18.0%	-
Peer median	15.4%	8.2%	−1.5%	−1.9%	3.8%

Net margin, FY2021 to FY2025

Net income / revenue.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	26.5%	34.1%	−1.1%	0.2%	4.1%
TTWO Mar	17.5%	11.9%	−21.0%	−70.0%	−79.5%
APP Dec	1.3%	−6.8%	19.4%	49.0%	60.8%
RDDT Dec	-	−23.8%	−11.3%	−37.2%	24.1%
NWSA Jun	3.5%	6.0%	1.9%	3.2%	14.0%
ECHO Dec	12.5%	13.3%	−10.0%	−0.8%	−96.6%
FOXA Jun	16.7%	8.6%	8.3%	10.7%	13.9%
OMC Dec	9.9%	9.2%	9.5%	9.4%	−0.3%
LYV Dec	−10.4%	1.6%	2.5%	3.9%	2.0%
SKYD Dec	-	-	−2.1%	−21.2%	-
Peer median	9.9%	7.3%	1.9%	3.2%	7.9%

Free cash flow, FY2021 to FY2025

Cash from operations minus capital spending.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	-	-	-	-
TTWO Mar	$843.4M	$99.4M	−$203.1M	−$157.8M	−$214.6M
APP Dec	$360.5M	$412.1M	$1.1B	$2.1B	-
RDDT Dec	-	−$100.3M	−$84.8M	$215.8M	$684.2M
NWSA Jun	$847.0M	$855.0M	$745.0M	$741.0M	$571.0M
ECHO Dec	$3.0B	$570.7M	−$668.3M	−$292.2M	−$1.1B
FOXA Jun	$2.2B	$1.6B	$1.4B	$1.5B	$3.0B
OMC Dec	$1.3B	$848.3M	$1.3B	$1.6B	$2.8B
LYV Dec	$1.6B	$1.5B	$924.4M	$1.1B	$333.6M
SKYD Dec	-	-	$147.0M	$489.0M	-
Peer median	$1.3B	$709.5M	$745.0M	$741.0M	$571.0M

FCF margin, FY2021 to FY2025

Free cash flow / revenue.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	-	-	-	-
TTWO Mar	25.0%	2.8%	−3.8%	−2.9%	−3.8%
APP Dec	12.9%	14.6%	57.4%	65.0%	-
RDDT Dec	-	−15.0%	−10.6%	16.6%	31.1%
NWSA Jun	9.1%	8.2%	9.3%	9.0%	6.8%
ECHO Dec	15.3%	3.1%	−3.9%	−1.8%	−7.1%
FOXA Jun	16.7%	11.3%	9.7%	10.7%	18.4%
OMC Dec	9.0%	5.9%	9.1%	10.2%	16.1%
LYV Dec	26.0%	8.9%	4.1%	4.7%	1.3%
SKYD Dec	-	-	0.5%	1.7%	-
Peer median	15.3%	7.1%	4.1%	9.0%	6.8%

Return on equity, FY2021 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	10.9%	19.9%	−0.9%	0.2%	5.2%
TTWO Mar	17.7%	11.0%	−12.4%	−66.1%	n/m
APP Dec	1.7%	−10.1%	28.4%	145.0%	156.2%
RDDT Dec	-	n/m	n/m	−22.7%	18.1%
NWSA Jun	4.0%	7.6%	1.8%	3.3%	13.4%
ECHO Dec	74.1%	11.5%	−8.6%	−0.6%	n/m
FOXA Jun	19.3%	10.6%	11.9%	14.0%	18.9%
OMC Dec	43.0%	40.5%	38.5%	35.3%	−0.5%
LYV Dec	n/m	n/m	n/m	n/m	183.0%
SKYD Dec	-	-	−2.6%	−37.9%	-
Peer median	18.5%	10.8%	1.8%	1.3%	18.5%

Debt / equity, FY2021 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	1.41	0.67	0.68	1.01
TTWO Mar	-	0.00	0.34	0.54	1.71
APP Dec	1.52	1.71	2.66	3.22	1.65
RDDT Dec	-	-	-	-	-
NWSA Jun	0.28	0.37	0.27	0.26	0.22
ECHO Dec	0.45	0.07	1.15	1.32	4.51
FOXA Jun	0.71	0.64	0.69	0.67	0.55
OMC Dec	1.75	1.73	1.57	1.45	0.77
LYV Dec	n/m	n/m	n/m	n/m	n/m
SKYD Dec	-	-	-	0.89	-
Peer median	0.71	0.50	0.92	0.89	1.21

EPS (diluted), FY2021 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2021	FY2022	FY2023	FY2024	FY2025
TKO Dec	-	-	−$0.43	$0.02	$2.26
TTWO Mar	$5.09	$3.58	−$7.03	−$22.01	−$25.58
APP Dec	$0.09	−$0.52	$0.98	$4.53	$9.75
RDDT Dec	-	−$2.77	−$1.54	−$3.33	$2.62
NWSA Jun	$0.56	$1.05	$0.26	$0.46	$2.07
ECHO Dec	$7.94	$8.05	−$6.28	−$0.44	−$50.41
FOXA Jun	$3.61	$2.11	$2.33	$3.13	$4.91
OMC Dec	$6.53	$6.36	$6.91	$7.46	−$0.27
LYV Dec	−$3.09	$0.52	$1.34	$2.74	−$0.24
SKYD Dec	-	-	−$1.02	−$9.34	-
Peer median	$3.61	$1.58	$0.26	$0.46	$0.91

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out TKO and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

Work on TKO in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TKO/export.csv") into a cell.