TKO Group Holdings
30 named things its latest annual report says its results depend on, each in the company's own words. 9 of them are also named by other companies we've read.
Customers
CBS Television Network
earns from · over 40 million viewers each yearPBR Teams League and Unleash The Beast events are broadcast on CBS Television Network, with Teams League events also airing on the CW Network, for a combined reach of over 40 million viewers each year.Business (Item 1)
Paramount
earns fromnamed as a riskIn August 2025, UFC announced a new seven-year partnership with Paramount, a Skydance Corporation ("Paramount"), to become the exclusive home of all UFC events in the U.S.Business (Item 1)
ESPN
earns fromnamed as a riskIn August 2025, WWE entered into a partnership with ESPN, making ESPN platforms, including its new streaming service, the exclusive U.S. home for all WWE PLEs and positioning ESPN as the primary destination for WWE's biggest shows, with Wrestlepalooza kicking off the partnership on September 20, 2025.Business (Item 1)
Netflix
earns fromnamed as a riskOur failure to maintain the Netflix agreement, including through Netflix exercising its opt-out rights, could adversely affect our ability to distribute WWE content, which could adversely affect our operating results.Risk factors (Item 1A)
Versant (USA Network)
earns fromnamed as a riskIn the U.S. market, SmackDown is distributed through a five-year agreement with Versant that ends in 2029.Business (Item 1)
The CW
earns fromnamed as a risk(v) The CW, which carries NXT on its cable network stations, and (vi) Peacock as the exclusive distributor of WWE Saturday Night’s Main Event in the U.S.Risk factors (Item 1A)
Peacock
earns fromnamed as a risk(v) The CW, which carries NXT on its cable network stations, and (vi) Peacock as the exclusive distributor of WWE Saturday Night’s Main Event in the U.S.Risk factors (Item 1A)
Olympic and Paralympic Games
earns fromOn Location provides unrivaled access for corporate clients and fans looking for official, immersive experiences at marquee events, including the 2024, 2026 and 2028 Summer and Winter Olympic and Paralympic Games, FIFA World Cup 26, Super Bowl, NCAA Final Four, WWE, UFC, and more.Business (Item 1)
Suppliers
Endeavor Transition Services Agreement
depends onnamed as a riskAfter the Transition Services Agreement expires or is terminated, TKO may be unable to replace the services the EGH Parties provide in a timely manner or on comparable terms.Risk factors (Item 1A)
Partners and platforms
Sela Company (Zuffa Boxing joint venture)
named as a riskWe participate in, and may in the future enter into, joint ventures, other non-controlling investments, and strategic alliances, such as Zuffa Boxing, our joint venture with Sela Company.Risk factors (Item 1A)
General Entertainment Authority of the Kingdom of Saudi Arabia
earns fromDuring 2025, WWE produced several international events, including PLEs in key markets across Europe and Latin America, in addition to events produced through our partnership with the General Entertainment Authority of the Kingdom of Saudi Arabia.Business (Item 1)
Mattel, Inc.
earns fromWWE also has a multi-year licensing agreement with Mattel, Inc., its exclusive toy licensee, covering all global territories and, beginning July 2022, WWE launched an exclusive, multi-year partnership with Fanatics that includes WWE Shop, a premier e-commerce and mobile destination.Business (Item 1)
Fanatics
earns fromAdditionally, UFC and WWE have exclusive, multi-year partnerships with Fanatics across a variety of product categories.Business (Item 1)
EA Sports
earns fromUFC has multi-year licensing agreements with EA Sports to produce and sell UFC-branded console video games and with Fanatics to produce and sell event merchandise.Business (Item 1)
Take-Two Interactive Software
earns fromSimilarly, WWE has a multi-year licensing agreement with Take-Two Interactive Software to produce and sell WWE-branded console video games.Business (Item 1)
Other companies
Endeavor
depends on · approximately 63% of the voting interestsnamed as a riskAs of the date of this Annual Report, Endeavor collectively owned approximately 63% of the voting interests of TKO through its holdings of shares of TKO Class A common stock and TKO Class B common stock which are paired with common units of TKO OpCo.Risk factors (Item 1A)
Silver Lake
approximately 63%named as a riskSilver Lake and Endeavor control approximately 63% of our combined voting interests for the election of directors on our Board.Risk factors (Item 1A)
Vincent McMahon investigation and litigation
$19.6 millionnamed as a riskTogether, these unrecorded expenses total $19.6 million (the “Unrecorded Expenses”).Risk factors (Item 1A)
Endeavor Credit Agreement
named as a riskAs a result, certain of our corporate actions may impact Endeavor's compliance with the covenants under the Endeavor Credit Agreement.Risk factors (Item 1A)
Places
WWE Performance Center, Orlando, Florida
operates inNXT talent train at the WWE Performance Center in Orlando, Florida, which was designed to cultivate the next generation of talent and has become the center of WWE’s talent development program.Business (Item 1)
Hazards
Earthquakes, wildfires and hurricanes
concentrated innamed as a riskIn addition, our corporate headquarters and several of our key studios also are located in seismically active regions and areas that are vulnerable to other natural disasters and weather events such as wildfires and hurricanes.Risk factors (Item 1A)
Commodities and inputs
British Pound
exposed to its price · $13.7 millionnamed as a riskAlthough we cannot predict the future relationship between the U.S. Dollar and the currencies used by our international businesses, principally the British Pound, we experienced a foreign exchange rate net loss of $13.7 million for the year ended December 31, 2025.Risk factors (Item 1A)
Also named by ABBV, ADBE, AJG, AME, AMP, APA, BF/B, BRO and 39 more
Regulators
Federal Communications Commission (FCC)
subject tonamed as a riskChanges in FCC regulations, and the ongoing reallocation of satellite spectrum for “5G” next generation wireless broadband use, could impact the availability of satellite transmission spectrum for video programming distribution, which could increase the transmission costs of certain of our programming and/or affect transmission quality and reliability.Risk factors (Item 1A)
Also named by AIOT, AMT, ANET, ASTS, CCI, CMCSA, DIS, ECHO and 26 more
Athletic commissions
subject tonamed as a riskIn the event that we fail to comply with the regulations of a particular jurisdiction, whether through our acts or omissions or those of our third-party promoters, we may be prohibited from promoting and conducting our live events in that jurisdiction.Risk factors (Item 1A)
Laws and programs
Credit Facilities
$3.7 billionnamed as a riskAs of December 31, 2025, we had an aggregate of $3.7 billion outstanding indebtedness under the Credit Facilities, with the ability to borrow approximately $205 million more pursuant to the Revolving Credit Facility.Risk factors (Item 1A)
Also named by ARCC
Inflation Reduction Act stock repurchase excise tax
subject to · 1%named as a riskWe conducted certain repurchases of our stock in 2025, and expect we will be required to pay the excise tax in connection with such repurchases.Risk factors (Item 1A)
Russia sanctions
subject tonamed as a riskAny adverse change in these relationships or agreements, including as a result of U.S., European Union and United Kingdom trade and economic sanctions and any counter-sanctions enacted by such sanctioned countries (e.g., Russia), or a deterioration in the perceived value of our partnerships or these distribution channels, could have an adverse effect on our business, financial condition and results of operations.Risk factors (Item 1A)
Also named by ACN, AIR, BAM, BF/B, CW, DASH, DIS, GIS and 5 more
Video Privacy Protection Act (VPPA)
subject tonamed as a riskWe have received one or more claims of violation of the VPPA, though none resulting in significant liability or expense.Risk factors (Item 1A)
China data laws (PIPL, Data Security Law)
subject tonamed as a riskWe cannot predict what impact the new laws and regulations or the increased costs of compliance, if any, will have on our operations in China, in particular the Data Security Law or PIPL, due to their recent enactment and the limited guidance available.Risk factors (Item 1A)
Also named by ISRG
California and New York independent contractor legislation
subject tonamed as a riskIn certain states, notably California and New York, legislative changes have been enacted or are contemplated that draw into question our ability to treat our talent as independent contractors in those states.Risk factors (Item 1A)