v3.26.3
SEGMENT INFORMATION (Schedule of Reconciliation of Segment Profitability) (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Segment Reporting Information [Line Items]        
Adjusted EBITDA $ 555,813 $ 360,210 $ 1,755,449 $ 1,304,076
Equity loss (earnings) of affiliates 2,667 (1,622) 5,468 (11,456)
Depreciation and amortization     (335,266) (329,063)
Foreign exchange gains and (losses) [1] 3,856 2,231 6,450 (12,747)
Other adjustments 9,512 (3,182) 16,156 (19,406)
Income before income taxes and equity earnings of affiliates 317,143 117,939 960,888 614,412
Corporate and Other [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA (62,608) (74,756) (198,196) (229,209)
Operating Segments [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 618,421 434,966 1,953,645 1,533,285
Operating Segments [Member] | UFC Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 285,328 165,656 820,253 637,841
Operating Segments [Member] | WWE Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 217,245 207,817 841,616 731,496
Operating Segments [Member] | IMG Segment [Member]        
Segment Reporting Information [Line Items]        
Adjusted EBITDA 115,848 61,493 291,776 163,948
Reconciling Items [Member]        
Segment Reporting Information [Line Items]        
Equity loss (earnings) of affiliates 2,667 (1,622) 5,468 (11,456)
Interest expense, net (69,945) (50,842) (201,129) (143,814)
Depreciation and amortization (92,964) (129,131) (335,266) (329,063)
Equity-based compensation expense [2] (39,648) (19,898) (119,630) (83,165)
Merger, acquisition and earn out costs [3] (5,195) (4,522) (14,564) (48,562)
Certain legal costs [4] (34,621) (19,239) (128,891) (35,390)
Restructuring, severance and impairment [5] $ (6,392) $ (4,980) $ (7,490) $ (10,804)
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] $ 0 $ (8,732) $ (2,455) $ (8,732)
Other adjustments [7] $ 3,572 $ (5,536) $ 2,946 $ (5,931)
[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 nine months ended September 30, 2026, these costs include an estimated loss of $2.4 million and $32.4 million, respectively, reflecting the Company’s liability net of insurance recoveries, as well as $4.0 million and $46.0 million, respectively, of professional fees, associated with stockholder litigation related to WWE.
[5] Includes certain impairment charges as well as costs resulting from the Company’s cost reduction programs.
[6] Includes third-party transaction 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 nine months ended September 30, 2026, other adjustments include a $2.1 million and $6.5 million, respectively, of impairment charges related to equity method investments. During the three months ended September 30, 2025, other adjustments include a net loss of $7.1 million related to the sale of certain equity method investments. During the nine months ended September 30, 2025, other adjustments include a net loss of $9.6 million from the sale of certain equity method investments, partially offset by a gain of $1.3 million on the sale of PBR's former headquarters building.