Equity Profile

TKO

TKO Group Holdings, Inc.

Communication ServicesMovies & Entertainment$13.6B

May14Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

TKO Group Holdings, Inc. operates in the Communication Services sector, specifically within the Movies & Entertainment industry....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to attract and retain customers in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TKO Q2-2026 Earnings Preview

Context

Company Snapshot

TKO Group Holdings, Inc. operates in the Communication Services sector, specifically within the Movies & Entertainment industry. The company is involved in creating and distributing entertainment content, which is significant as consumer spending in this sector can be influenced by trends in media consumption and technological advancements.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-18.03%

Avg Stock Reaction

+0.72%

Last Quarter Recap

In the last quarter, TKO reported an EPS of $1.12, which was significantly above the estimated $0.91, resulting in a positive stock reaction. However, revenue figures were not disclosed, leaving some uncertainty about overall financial health.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as TKO has shown both strong earnings surprises and disappointing results in previous quarters. Investors will be watching closely to see if the company can maintain its momentum.

Bull Case

If TKO can deliver strong earnings and show growth in subscriber numbers, it could indicate a robust recovery in consumer spending on entertainment, driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining subscriber engagement, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter's surprise?

Given the significant surprise in the last quarter, investors will want to see if TKO can maintain or exceed this performance to build confidence.

What is the current subscriber count and growth rate?

Subscriber metrics are crucial for understanding the company's market position and future revenue potential, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for TKO to exceed EPS expectations due to recent positive trends in consumer spending on entertainment.

Supporting Evidence

The last quarter's EPS surprise was substantial, indicating potential for continued strong performance.

The options market is pricing in a larger move than historical averages, suggesting that traders are expecting significant volatility.

The company's historical performance shows a mixed reaction to earnings, indicating that surprises can lead to outsized stock movements.

Key Risk

If subscriber growth comes in below expectations, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether TKO can sustain its earnings momentum and subscriber growth in a challenging environment.

Bull Confirmed If

An EPS of $1.20 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $0.90 would indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move of about 4.4%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±4.4% while TKO has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

28.9%

Calls (204K)P/C Ratio: 0.03Puts (11K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TKO beats expectations, history suggests a potential stock increase of around 2.3%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the information cautiously.

Miss

If TKO misses expectations, the average reaction has been a decline of about 1.7%, indicating a negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on subscriber growth and retention strategies.
2Insights into how the company is adapting to changes in consumer behavior.
3Details on cost management and profitability initiatives.
4Management's outlook on the competitive landscape in the entertainment sector.
5Any commentary on upcoming releases or partnerships that could drive revenue.

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Company Snapshot

TKO Group Holdings, Inc. operates in the Communication Services sector, specifically within the Movies & Entertainment industry....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to attract and retain customers in a competitive market.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

TKO Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

50%

Avg EPS Surprise

-18.03%

Avg Stock Reaction

+0.72%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If TKO can deliver strong earnings and show growth in subscriber numbers, it could indicate a robust recovery in consumer spending on entertainment, driving the stock higher.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of declining subscriber engagement, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to the previous quarter's surprise?

Given the significant surprise in the last quarter, investors will want to see if TKO can maintain or exceed this performance to build confidence.

What is the current subscriber count and growth rate?

Subscriber metrics are crucial for understanding the company's market position and future revenue potential, especially in a competitive landscape.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for TKO to exceed EPS expectations due to recent positive trends in consumer spending on entertainment.

Supporting Evidence

The last quarter's EPS surprise was substantial, indicating potential for continued strong performance.

The options market is pricing in a larger move than historical averages, suggesting that traders are expecting significant volatility.

The company's historical performance shows a mixed reaction to earnings, indicating that surprises can lead to outsized stock movements.

Key Risk

If subscriber growth comes in below expectations, it could undermine the bullish narrative.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether TKO can sustain its earnings momentum and subscriber growth in a challenging environment.

Bull Confirmed If

An EPS of $1.20 or higher would confirm strong profitability and growth.

Bear Confirmed If

An EPS below $0.90 would indicate potential issues with profitability and could lead to a sell-off.

Pre-Earnings Positioning

Options Market

Implied Move

±4.4%

Historical Avg

±2.3%

Pricing rich

The options market is pricing in a significant move of about 4.4%, suggesting that traders expect volatility around the earnings report.

Options are pricing ±4.4% while TKO has averaged ±2.3% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

28.9%

Calls (204K)P/C Ratio: 0.03Puts (11K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TKO beats expectations, history suggests a potential stock increase of around 2.3%, confirming a positive outlook.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors digest the information cautiously.

Miss

If TKO misses expectations, the average reaction has been a decline of about 1.7%, indicating a negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on subscriber growth and retention strategies.
2Insights into how the company is adapting to changes in consumer behavior.
3Details on cost management and profitability initiatives.
4Management's outlook on the competitive landscape in the entertainment sector.
5Any commentary on upcoming releases or partnerships that could drive revenue.