TKO (TKO) Q1 2026 Earnings Call Transcript

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DATE

Wednesday, May 6, 2026 astatine 5 p.m. ET

CALL PARTICIPANTS

• Executive Chair and Chief Executive Officer — Ariel Emanuel

• President and Chief Operating Officer — Mark Shapiro

• Chief Financial Officer — Andrew Schleimer

• Head of Investor Relations — Seth Zaslow

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Full Conference Call Transcript

Operator: Hello, everyone. Thank you for joining us, and invited to TKO's First Quarter 2026 Earnings Call. [Operator Instructions] I volition present manus the telephone implicit to Seth Zaslow, Head of Investor Relations.

Seth Zaslow: Good afternoon, and invited to TKO's First Quarter 2026 Earnings Call. A abbreviated portion ago, we issued a property release, which you tin presumption connected our Investor Relations website. A signaling of this telephone volition besides beryllium disposable via our website for astatine slightest 30 days. After prepared remarks from Ari Emanuel, TKO's Executive Chair and Chief Executive Officer; Mark Shapiro, TKO's President and Chief Operating Officer; and Andrew Schleimer, TKO's Chief Financial Officer, volition unfastened the telephone for questions. Mark and Andrew volition beryllium handling the Q&A. The intent of this telephone is to supply you with accusation regarding our archetypal 4th 2026 performance.

I privation to punctual everyone that the accusation discussed volition see forward-looking statements and/or projections that impact risks, uncertainties and assumptions. Please spot our filings with the Securities and Exchange Commission for further detail. If these risks oregon uncertainties were to materialize oregon immoderate assumptions beryllium incorrect, our results whitethorn disagree materially from those expressed oregon implied connected this call. Forward-looking statements talk lone arsenic of the day they are made, and we undertake nary work to update them successful airy of caller accusation oregon aboriginal events, but arsenic legally required. Our commentary contiguous volition besides see non-GAAP fiscal measures, which we judge supply an further instrumentality for investors to usage successful evaluating ongoing operating results and trends.

These measures should not beryllium considered successful isolation from oregon arsenic a substitute for fiscal accusation prepared successful accordance with GAAP. Reconciliations betwixt GAAP and non-GAAP metrics tin beryllium recovered successful our property merchandise issued contiguous arsenic good arsenic the accusation posted connected our IR website. With that, I'll present crook the telephone implicit to Ari.

Ariel Emanuel: Thanks, Seth. 2026 is disconnected to a formidable start, particularly considering the macro environment. The cardinal maturation drivers we outlined successful February, media rights, unrecorded events and experiences, planetary partnerships and fiscal inducement packages, each delivered arsenic planned successful the archetypal quarter, successful enactment with our guidance. We are introducing our unrecorded events and experiences to caller markets astir the satellite portion capitalizing connected each the gross generators wrong our machine. And our newer properties, astir notably Zuffa Boxing, are connected accelerated maturation tracks. TKO sits squarely astatine the halfway of a increasing sports and amusement ecosystem. As AI transforms however contented is created and consumed, the worth of our IP and properties increases.