v3.26.1
SEGMENT INFORMATION (Schedule of Reconciliation of Segment Profitability) (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Segment Reporting Information [Line Items]        
Adjusted EBITDA $ 649,880 $ 526,488 $ 1,199,636 $ 943,866
Equity loss (earnings) of affiliates 4,436 (7,310) 2,801 (9,834)
Depreciation and amortization     (242,302) (199,932)
Foreign exchange gains and (losses) [1] (699) (10,101) 2,594 (14,978)
Other adjustments 2,418 (7,839) 6,644 (16,224)
Income before income taxes and equity earnings of affiliates 361,605 312,259 643,745 496,473
Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA (77,426) (77,037) (135,588) (154,453)
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 727,306 603,525 1,335,224 1,098,319
Operating Segments [Member] | UFC Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 280,454 244,792 534,925 472,185
Operating Segments [Member] | WWE Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 368,325 329,739 624,371 523,679
Operating Segments [Member] | IMG Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 78,527 28,994 175,928 102,455
Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Equity loss (earnings) of affiliates 4,436 (7,310) 2,801 (9,834)
Interest expense, net (70,619) (48,207) (131,184) (92,972)
Depreciation and amortization (98,500) (99,397) (242,302) (199,932)
Equity-based compensation expense [2] (40,396) (32,996) (79,982) (63,267)
Merger, acquisition and earn out costs [3] (6,973) (4,268) (9,369) (44,040)
Certain legal costs [4] (71,055) (9,693) (94,270) (16,151)
Restructuring, severance and impairment [5] $ (747) $ (4,305) $ (1,098) $ (5,824)
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration] Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense Selling, General and Administrative Expense
Debt transaction costs [6] $ (2,455)   $ (2,455)  
Other adjustments [7] $ (1,267) $ 2,048 $ (626) $ (395)
[1] Includes gains and losses on foreign exchange transactions.
[2] Equity-based compensation represents non-cash compensation expense for various awards issued under the TKO 2023 Incentive Award Plan, awards assumed in connection with the acquisition of WWE in September 2023, and awards issued under Endeavor Group Holdings, Inc.’s 2021 Plan.
[3] Includes (i) certain costs of professional advisors related to strategic transactions, primarily the Endeavor Asset Acquisition and (ii) certain costs related to integration initiatives resulting from the Endeavor Asset Acquisition.
[4] Includes costs, net of insurance recoveries, related to certain litigation matters including antitrust lawsuits for UFC and stockholder litigation related to WWE and Endeavor. For the three and six months ended June 30, 2026, these costs include an estimated loss of $30.0 million reflecting the Company’s liability net of probable insurance recoveries, as well as $25.6 million and $42.0 million, respectively, of professional fees, associated with stockholder litigation related to WWE.
[5] Includes costs resulting from the Company’s cost reduction programs.
[6] For the three months ended June 30, 2026, the Company recognized $2.5 million of third-party transactions costs associated with the Company's debt refinancing transactions as described in Note 8, Debt.
[7] Includes other miscellaneous nonoperating gains and losses. During the three and six months ended June 30, 2026, other adjustments include a $4.4 million impairment of an equity method investment, partially offset by miscellaneous nonoperating income. During the three months ended June 30, 2025, other adjustments include a net gain of $2.2 million related to the sale of certain equity method investments. During the six months ended June 30, 2025, other adjustments includes a net loss of $2.5 million on the sale of certain equity method investments, partially offset by a gain of $1.3 million on the sale of PBR’s former headquarters.