TKO Group (TKO) Goldman Sachs Communacopia + Technology Conference 2026 summary

Financial performance and outlook

• Margins are expanding, with a 600 basis point increase to 39.6% expected this year and further growth anticipated.

• Free cash flow conversion is over 60%, and leverage ratio is projected to fall below 2x by year-end.

• Robust global presence with content in over 200 countries and nearly a billion social followers.

• Capital return to shareholders is a priority, with ongoing stock buybacks and dividend expansion.

• Multi-year growth strategy includes guidance for global partnerships and financial incentive packages through 2030.

Media rights and partnerships

• New media rights deals with Paramount+, Netflix, and ESPN are driving engagement and global reach.

• Paramount+ features UFC prominently, attracting a younger audience and delivering record live event viewership.

• ESPN's new carriage deal with YouTube TV is expected to boost engagement and reach.

• International media rights deals in China, Japan, Korea, France, and Canada saw a 1.7x average fee increase.

• International deals, while smaller in revenue, enhance brand and support global partnerships.

Sponsorship and advertising

• Ambition to reach $1.2 billion in sponsorship revenue by 2030, with a potential upward revision at Investor Day.

• Ad inventory sales are gaining traction, with strong CPMs and increasing inbound interest.

• WWE partnership revenue is expected to grow over 20% this year, despite fewer events.

• Growth in sponsorship is driven by timing, more domestic events, holistic ad packages, and a family-focused message.

• Special events with Disney and WWE are planned for 2027, targeting family audiences.