8-K
false0001973266Basic and diluted net loss per share of Class A common stock is applicable only for the period from September 12, 2023 through December 31, 2023, which is the period following the Transactions (as defined in Note 1 to the audited combined financial statements). See Note 12 for the calculation of the number of shares used in computation of net loss per share of Class A common stock and the basis for computation of net loss per share. 0001973266 2025-03-19 2025-03-19 0001973266 2023-12-31 0001973266 2022-12-31 0001973266 2023-01-01 2023-12-31 0001973266 2022-01-01 2022-12-31 0001973266 2023-09-12 2023-12-31 0001973266 2023-09-12 0001973266 2023-09-12 2023-09-12 0001973266 2022-07-01 2022-08-31 0001973266 2023-01-01 2023-08-31 0001973266 2024-05-13 2024-05-13 0001973266 2023-12-22 2023-12-22 0001973266 2022-08-16 2022-08-16 0001973266 2022-12-31 2022-12-31 0001973266 2021-12-31 0001973266 us-gaap:CommonClassAMember 2022-12-31 0001973266 us-gaap:CommonClassBMember 2022-12-31 0001973266 us-gaap:BuildingAndBuildingImprovementsMember 2022-12-31 0001973266 us-gaap:ConstructionInProgressMember 2022-12-31 0001973266 us-gaap:LandAndLandImprovementsMember 2022-12-31 0001973266 us-gaap:FurnitureAndFixturesMember 2022-12-31 0001973266 tko:OfficeComputerAndOtherEquipmentMember 2022-12-31 0001973266 tko:InternallyDevelopedTechnologyMember 2022-12-31 0001973266 us-gaap:OtherIntangibleAssetsMember 2022-12-31 0001973266 us-gaap:TrademarksAndTradeNamesMember 2022-12-31 0001973266 us-gaap:CustomerRelationshipsMember 2022-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember 2022-12-31 0001973266 tko:OnLocationRevolverMember 2022-12-31 0001973266 tko:TwoThousandSixteenCreditFacilitiesMember 2022-12-31 0001973266 tko:SecuredCommercialLoansMember 2022-12-31 0001973266 tko:TwoThousandSixteenFirstLienTermLoanMember 2022-12-31 0001973266 tko:NotesPayableMember 2022-12-31 0001973266 tko:EghAndItsSubsidiariesMember 2022-12-31 0001973266 us-gaap:ForeignCountryMember 2022-12-31 0001973266 tko:SecuredCommercialLoansMember us-gaap:FairValueInputsLevel2Member 2022-12-31 0001973266 tko:MonkySpiritLlcMember 2022-12-31 0001973266 tko:SportsNewsTelevisionLPMember 2022-12-31 0001973266 tko:OtherEquityInvestmentsMember 2022-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndSixteenIncentivePlanMember 2022-12-31 0001973266 tko:PerformanceStockUnitsMember tko:TwoThousandAndSixteenIncentivePlanMember 2022-12-31 0001973266 tko:TkoOpcosActivityMember 2022-12-31 0001973266 tko:BusinessesActivityMember 2022-12-31 0001973266 tko:EuroleagueVenturesSaMember 2022-12-31 0001973266 tko:OwnedEventsMember 2022-12-31 0001973266 country:GB 2022-12-31 0001973266 us-gaap:OtherCurrentLiabilitiesMember 2022-12-31 0001973266 us-gaap:OtherLiabilitiesMember 2022-12-31 0001973266 us-gaap:OtherCurrentAssetsMember 2022-12-31 0001973266 us-gaap:OtherAssetsMember 2022-12-31 0001973266 us-gaap:CommonClassAMember 2023-12-31 0001973266 us-gaap:CommonClassBMember 2023-12-31 0001973266 us-gaap:TrademarksAndTradeNamesMember srt:MinimumMember 2023-12-31 0001973266 us-gaap:TrademarksAndTradeNamesMember srt:MaximumMember 2023-12-31 0001973266 us-gaap:CustomerRelationshipsMember srt:MinimumMember 2023-12-31 0001973266 us-gaap:CustomerRelationshipsMember srt:MaximumMember 2023-12-31 0001973266 tko:InternallyDevelopedTechnologyMember srt:MinimumMember 2023-12-31 0001973266 tko:InternallyDevelopedTechnologyMember srt:MaximumMember 2023-12-31 0001973266 us-gaap:OtherIntangibleAssetsMember srt:MinimumMember 2023-12-31 0001973266 us-gaap:OtherIntangibleAssetsMember srt:MaximumMember 2023-12-31 0001973266 us-gaap:BuildingAndBuildingImprovementsMember 2023-12-31 0001973266 us-gaap:LandAndLandImprovementsMember 2023-12-31 0001973266 us-gaap:FurnitureAndFixturesMember 2023-12-31 0001973266 tko:OfficeComputerAndOtherEquipmentMember 2023-12-31 0001973266 us-gaap:ConstructionInProgressMember 2023-12-31 0001973266 us-gaap:ExplorationAndProductionEquipmentMember srt:MaximumMember 2023-12-31 0001973266 tko:ComputerHardwareAndSoftwareMember srt:MinimumMember 2023-12-31 0001973266 tko:ComputerHardwareAndSoftwareMember srt:MaximumMember 2023-12-31 0001973266 us-gaap:BuildingMember srt:MinimumMember 2023-12-31 0001973266 us-gaap:BuildingMember srt:MaximumMember 2023-12-31 0001973266 tko:FurnitureFixturesOfficeAndOtherEquipmentMember srt:MinimumMember 2023-12-31 0001973266 tko:FurnitureFixturesOfficeAndOtherEquipmentMember srt:MaximumMember 2023-12-31 0001973266 us-gaap:ExplorationAndProductionEquipmentMember srt:MinimumMember 2023-12-31 0001973266 us-gaap:TrademarksAndTradeNamesMember 2023-12-31 0001973266 us-gaap:CustomerRelationshipsMember 2023-12-31 0001973266 tko:InternallyDevelopedTechnologyMember 2023-12-31 0001973266 us-gaap:OtherIntangibleAssetsMember 2023-12-31 0001973266 tko:MonkySpiritLlcMember 2023-12-31 0001973266 tko:SportsNewsTelevisionLPMember 2023-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember 2023-12-31 0001973266 tko:OnLocationRevolverMember 2023-12-31 0001973266 tko:TwoThousandSixteenCreditFacilitiesMember 2023-12-31 0001973266 tko:SecuredCommercialLoansMember 2023-12-31 0001973266 tko:NotesPayableMember 2023-12-31 0001973266 tko:TwoThousandSixteenFirstLienTermLoanMember 2023-12-31 0001973266 tko:SecuredCommercialLoansMember 2023-12-31 0001973266 tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-12-31 0001973266 tko:TwoThousandAndSixteenIncentivePlanMember 2023-12-31 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2023-12-31 0001973266 2024-01-01 2023-12-31 0001973266 2029-01-01 2023-12-31 0001973266 2025-01-01 2023-12-31 0001973266 2026-01-01 2023-12-31 0001973266 2027-01-01 2023-12-31 0001973266 2028-01-01 2023-12-31 0001973266 tko:ServicesAgreementMember 2023-12-31 0001973266 tko:EghAndItsSubsidiariesMember 2023-12-31 0001973266 tko:VincentKMcmahonMember 2023-12-31 0001973266 us-gaap:LetterOfCreditMember 2023-12-31 0001973266 us-gaap:LicensingAgreementsMember tko:UltimateFightingChampionshipSegmentMember 2023-12-31 0001973266 us-gaap:ForeignCountryMember 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CommonClassAMember 2023-12-31 0001973266 tko:SecuredCommercialLoansMember us-gaap:FairValueInputsLevel2Member 2023-12-31 0001973266 us-gaap:EmployeeStockOptionMember 2023-12-31 0001973266 tko:OtherEquityInvestmentsMember 2023-12-31 0001973266 us-gaap:CommonClassAMember tko:SecondaryOfferingMember 2023-12-31 0001973266 tko:ThreePointThreeSevenFivePercentConvertibleNotesDue2023Member 2023-12-31 0001973266 tko:EuroleagueVenturesSaMember 2023-12-31 0001973266 tko:OwnedEventsMember 2023-12-31 0001973266 us-gaap:OtherCurrentLiabilitiesMember 2023-12-31 0001973266 us-gaap:OtherLiabilitiesMember 2023-12-31 0001973266 us-gaap:OtherCurrentAssetsMember 2023-12-31 0001973266 us-gaap:OtherAssetsMember 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentLlcMember 2022-01-01 2022-12-31 0001973266 tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2022-01-01 2022-12-31 0001973266 tko:TwoThousandAndSixteenIncentivePlanMember 2022-01-01 2022-12-31 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2022-01-01 2022-12-31 0001973266 tko:OtherAwardsMember 2022-01-01 2022-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember 2022-01-01 2022-12-31 0001973266 tko:EliminationsMember 2022-01-01 2022-12-31 0001973266 tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 tko:InternationalManagementGroupMember 2022-01-01 2022-12-31 0001973266 us-gaap:CorporateAndOtherMember 2022-01-01 2022-12-31 0001973266 tko:SponsorshipMember us-gaap:CorporateAndOtherMember 2022-01-01 2022-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember tko:InternationalManagementGroupMember 2022-01-01 2022-12-31 0001973266 tko:MediaRightsProductionAndContentMember us-gaap:CorporateAndOtherMember 2022-01-01 2022-12-31 0001973266 tko:MediaRightsProductionAndContentMember 2022-01-01 2022-12-31 0001973266 tko:LiveEventsAndHospitalityMember tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 tko:LiveEventsAndHospitalityMember tko:InternationalManagementGroupMember 2022-01-01 2022-12-31 0001973266 tko:LiveEventsAndHospitalityMember us-gaap:CorporateAndOtherMember 2022-01-01 2022-12-31 0001973266 tko:LiveEventsAndHospitalityMember 2022-01-01 2022-12-31 0001973266 tko:MediaRightsProductionAndContentMember tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 tko:MediaRightsProductionAndContentMember tko:InternationalManagementGroupMember 2022-01-01 2022-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember us-gaap:CorporateAndOtherMember 2022-01-01 2022-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:WorldWrestlingEntertainmentSegmentMember 2022-01-01 2022-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:InternationalManagementGroupMember 2022-01-01 2022-12-31 0001973266 us-gaap:OperatingSegmentsMember 2022-01-01 2022-12-31 0001973266 us-gaap:CorporateNonSegmentMember 2022-01-01 2022-12-31 0001973266 tko:EliminationsMember 2022-01-01 2022-12-31 0001973266 srt:NorthAmericaMember 2022-01-01 2022-12-31 0001973266 us-gaap:EMEAMember 2022-01-01 2022-12-31 0001973266 srt:AsiaPacificMember 2022-01-01 2022-12-31 0001973266 srt:LatinAmericaMember 2022-01-01 2022-12-31 0001973266 tko:EuroleagueVenturesSaMember 2022-01-01 2022-12-31 0001973266 tko:EghAndItsSubsidiariesMember 2022-01-01 2022-12-31 0001973266 us-gaap:MaterialReconcilingItemsMember 2022-01-01 2022-12-31 0001973266 tko:MonkySpiritLlcMember 2022-01-01 2022-12-31 0001973266 tko:SportsNewsTelevisionLPMember 2022-01-01 2022-12-31 0001973266 tko:OtherEquityInvestmentsMember 2022-01-01 2022-12-31 0001973266 us-gaap:AccountsReceivableMember 2022-01-01 2022-12-31 0001973266 us-gaap:SalesRevenueNetMember 2022-01-01 2022-12-31 0001973266 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-12-31 0001973266 us-gaap:MemberUnitsMember 2022-01-01 2022-12-31 0001973266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001973266 us-gaap:ParentMember 2022-01-01 2022-12-31 0001973266 tko:VincentKMcmahonMember 2022-01-01 2022-12-31 0001973266 us-gaap:LicensingAgreementsMember tko:UltimateFightingChampionshipSegmentMember 2022-01-01 2022-12-31 0001973266 tko:RSUsAndStockOptionsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2022-01-01 2022-12-31 0001973266 tko:SecuredCommercialLoansMember 2022-01-01 2022-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember 2022-01-01 2022-12-31 0001973266 tko:BusinessesActivityWithEndeavorMember 2022-01-01 2022-12-31 0001973266 tko:TkoOpcosActivityMember 2022-01-01 2022-12-31 0001973266 tko:BusinessesActivityMember 2022-01-01 2022-12-31 0001973266 tko:EndeavorGroupHoldingsIncMember 2022-01-01 2022-12-31 0001973266 tko:OtherincomeexpenseMember 2022-01-01 2022-12-31 0001973266 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember tko:TkoOperatingCompanyLlcMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndSixteenIncentivePlanMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 tko:OtherAwardsMember 2023-01-01 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentSegmentMember 2023-01-01 2023-12-31 0001973266 tko:InternationalManagementGroupMember 2023-01-01 2023-12-31 0001973266 us-gaap:CorporateAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember tko:WorldWrestlingEntertainmentSegmentMember 2023-01-01 2023-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember tko:InternationalManagementGroupMember 2023-01-01 2023-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:EliminationsMember 2023-01-01 2023-12-31 0001973266 tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 tko:LiveEventsAndHospitalityMember 2023-01-01 2023-12-31 0001973266 tko:SponsorshipMember us-gaap:CorporateAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:MediaRightsProductionAndContentMember us-gaap:CorporateAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:MediaRightsProductionAndContentMember 2023-01-01 2023-12-31 0001973266 tko:LiveEventsAndHospitalityMember tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 tko:LiveEventsAndHospitalityMember tko:WorldWrestlingEntertainmentSegmentMember 2023-01-01 2023-12-31 0001973266 tko:LiveEventsAndHospitalityMember tko:InternationalManagementGroupMember 2023-01-01 2023-12-31 0001973266 tko:LiveEventsAndHospitalityMember us-gaap:CorporateAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:ConsumerProductsLicensingAndOtherMember us-gaap:CorporateAndOtherMember 2023-01-01 2023-12-31 0001973266 tko:MediaRightsProductionAndContentMember tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 tko:MediaRightsProductionAndContentMember tko:WorldWrestlingEntertainmentSegmentMember 2023-01-01 2023-12-31 0001973266 tko:MediaRightsProductionAndContentMember tko:InternationalManagementGroupMember 2023-01-01 2023-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:WorldWrestlingEntertainmentSegmentMember 2023-01-01 2023-12-31 0001973266 us-gaap:OperatingSegmentsMember tko:InternationalManagementGroupMember 2023-01-01 2023-12-31 0001973266 us-gaap:OperatingSegmentsMember 2023-01-01 2023-12-31 0001973266 us-gaap:CorporateNonSegmentMember 2023-01-01 2023-12-31 0001973266 tko:EliminationsMember 2023-01-01 2023-12-31 0001973266 srt:NorthAmericaMember 2023-01-01 2023-12-31 0001973266 us-gaap:EMEAMember 2023-01-01 2023-12-31 0001973266 srt:AsiaPacificMember 2023-01-01 2023-12-31 0001973266 srt:LatinAmericaMember 2023-01-01 2023-12-31 0001973266 tko:RealEstateAssetsMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 tko:RealEstateAssetsMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 us-gaap:EquipmentMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 us-gaap:EquipmentMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:EuroleagueVenturesSaMember 2023-01-01 2023-12-31 0001973266 tko:EghAndItsSubsidiariesMember 2023-01-01 2023-12-31 0001973266 us-gaap:MaterialReconcilingItemsMember 2023-01-01 2023-12-31 0001973266 tko:ZuffaParticipantsMember 2023-01-01 2023-12-31 0001973266 tko:WweParticipantsMember 2023-01-01 2023-12-31 0001973266 us-gaap:EmployeeStockOptionMember 2023-01-01 2023-12-31 0001973266 tko:TimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 tko:MarketMarketAndTimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndSixteenIncentivePlanMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndSixteenIncentivePlanMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:SecuredCommercialLoansMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2023-01-01 2023-12-31 0001973266 tko:SportsNewsTelevisionLPMember 2023-01-01 2023-12-31 0001973266 tko:MonkySpiritLlcMember 2023-01-01 2023-12-31 0001973266 tko:OtherEquityInvestmentsMember 2023-01-01 2023-12-31 0001973266 us-gaap:LeaseholdImprovementsMember 2023-01-01 2023-12-31 0001973266 us-gaap:AccountsReceivableMember 2023-01-01 2023-12-31 0001973266 us-gaap:SalesRevenueNetMember 2023-01-01 2023-12-31 0001973266 tko:ReplacementAwardsMember 2023-01-01 2023-12-31 0001973266 tko:SecuredCommercialLoansMember tko:LiborMember 2023-01-01 2023-12-31 0001973266 tko:TimeVestedPerformanceStockUnitsMember 2023-01-01 2023-12-31 0001973266 tko:MarketMarketAndTimeVestedPerformanceUnitsMember 2023-01-01 2023-12-31 0001973266 srt:MaximumMember tko:WweParticipantsMember 2023-01-01 2023-12-31 0001973266 srt:MaximumMember tko:ZuffaParticipantsMember 2023-01-01 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndSixteenIncentivePlanMember 2023-01-01 2023-12-31 0001973266 us-gaap:LicensingAgreementsMember tko:UltimateFightingChampionshipSegmentMember 2023-01-01 2023-12-31 0001973266 us-gaap:MemberUnitsMember 2023-01-01 2023-12-31 0001973266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001973266 us-gaap:ParentMember 2023-01-01 2023-12-31 0001973266 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentLlcMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandSixteenFirstLienTermLoanMember 2023-01-01 2023-12-31 0001973266 tko:RSUsAndStockOptionsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-01-01 2023-12-31 0001973266 tko:PerformanceStockUnitsMember tko:TwoThousandAndSixteenIncentivePlanMember 2023-01-01 2023-12-31 0001973266 us-gaap:ForeignCountryMember 2023-01-01 2023-12-31 0001973266 tko:VincentKMcmahonMember 2023-01-01 2023-12-31 0001973266 tko:SecuredCommercialLoansMember 2023-01-01 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember 2023-01-01 2023-12-31 0001973266 us-gaap:PerformanceSharesMember 2023-01-01 2023-12-31 0001973266 us-gaap:CommonClassAMember tko:SecondaryOfferingMember 2023-01-01 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001973266 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001973266 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001973266 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001973266 tko:OnLocationRevolverMember 2023-01-01 2023-12-31 0001973266 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001973266 tko:OnLocationRevolverMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:TwoThousandSixteenCreditFacilitiesMember 2023-01-01 2023-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember 2023-01-01 2023-12-31 0001973266 tko:SecuredCommercialLoansMember 2023-01-01 2023-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2023-01-01 2023-12-31 0001973266 us-gaap:RevolvingCreditFacilityMember srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:ThreePointThreeSevenFivePercentConvertibleNotesDue2023Member srt:MaximumMember 2023-01-01 2023-12-31 0001973266 tko:BusinessesActivityWithEndeavorMember 2023-01-01 2023-12-31 0001973266 tko:BusinessesActivityMember 2023-01-01 2023-12-31 0001973266 tko:SubsequentToReorganizationAndAcquisitionMember 2023-01-01 2023-12-31 0001973266 tko:PriorToReorganizationAndAcquisitionMember 2023-01-01 2023-12-31 0001973266 tko:OtherincomeexpenseMember 2023-01-01 2023-12-31 0001973266 tko:EndeavorAssetAcquisitionMember 2023-01-01 2023-12-31 0001973266 tko:TkoGroupHoldingsInc.Member tko:EndeavorGroupHoldingsIncMember 2023-09-12 2023-09-12 0001973266 tko:EndeavorGroupHoldingsIncMember 2023-09-12 2023-09-12 0001973266 tko:EndeavorGroupHoldingsIncMember tko:TkoOperatingCompanyLlcMember 2023-09-12 2023-09-12 0001973266 tko:TkoGroupHoldingsIncMember tko:TkoOperatingCompanyLlcMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember tko:TkoGroupHoldingsIncMember 2023-09-12 2023-09-12 0001973266 tko:TkoGroupHoldingsInc.Member tko:TkoOperatingCompanyLlcMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:TrademarksAndTradeNamesMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CustomerRelationshipsMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:OtherIntangibleAssetsMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CommonClassAMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember tko:ReplacementAwardsMember 2023-09-12 2023-09-12 0001973266 tko:NotHavingRightsToTheBusinessesActivityMember 2023-09-12 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember 2023-09-12 0001973266 us-gaap:CommonClassAMember 2023-09-12 0001973266 us-gaap:CommonClassBMember 2023-09-12 0001973266 tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember us-gaap:CommonClassAMember 2023-09-12 0001973266 tko:TkoGroupHoldingsInc.Member tko:WorldWrestlingEntertainmentLlcMember 2023-09-12 0001973266 tko:TkoGroupHoldingsInc.Member 2023-09-12 0001973266 tko:TkoGroupHoldingsInc.Member tko:EndeavorGroupHoldingsIncMember 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:TrademarksAndTradeNamesMember 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CustomerRelationshipsMember 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:OtherIntangibleAssetsMember 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember us-gaap:CommonClassAMember 2023-09-12 0001973266 tko:EndeavorGroupHoldingsIncMember us-gaap:CommonClassBMember 2023-09-12 0001973266 tko:NotHavingRightsToTheBusinessesActivityMember 2023-09-12 0001973266 tko:WorldWrestlingEntertainmentLlcMember 2023-09-12 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember 2023-09-12 2023-12-31 0001973266 us-gaap:PerformanceSharesMember 2023-09-12 2023-12-31 0001973266 us-gaap:CommonClassBMember 2023-09-12 2023-12-31 0001973266 tko:FourPointNineNinePercentInterestRateSwapMember 2018-10-31 0001973266 tko:FourPointNineNinePercentInterestRateSwapMember tko:LiborMember 2018-12-01 2018-12-31 0001973266 tko:FourPointNineNinePercentInterestRateSwapMember 2018-12-31 0001973266 us-gaap:CommonClassBMember 2023-11-30 0001973266 tko:RussiaSubsidiaryMember 2018-07-01 2018-07-31 0001973266 tko:EndeavorAssetAcquisitionMember 2025-02-28 2025-02-28 0001973266 tko:EndeavorAssetAcquisitionMember 2025-02-28 0001973266 tko:TkoGroupHoldingsInc.Member 2025-02-28 0001973266 tko:VincentKMcmahonMember us-gaap:CommonClassAMember tko:SecondaryOfferingMember 2023-11-09 0001973266 tko:VincentKMcmahonMember us-gaap:CommonClassAMember tko:SecondaryOfferingMember 2023-11-09 2023-11-09 0001973266 tko:SecuredCommercialLoansMember 2021-01-01 2021-12-31 0001973266 tko:TwoThousandSixteenFirstLienTermLoanMember srt:MinimumMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2023-06-01 2023-06-30 0001973266 tko:TwoThousandSixteenFirstLienTermLoanMember srt:MaximumMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2023-06-01 2023-06-30 0001973266 us-gaap:RevolvingCreditFacilityMember srt:MinimumMember 2023-04-01 2023-04-30 0001973266 us-gaap:RevolvingCreditFacilityMember srt:MaximumMember 2023-04-01 2023-04-30 0001973266 us-gaap:RevolvingCreditFacilityMember 2023-11-01 2023-11-30 0001973266 us-gaap:RevolvingCreditFacilityMember 2023-12-01 2023-12-31 0001973266 tko:SecuredCommercialLoansMember us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember 2023-05-01 2023-05-31 0001973266 tko:DueToMakeLowerValueOfMediaRightsMember tko:OriginalPlaintiffsAndTheseFourAdditionalClubsMember 2022-10-01 2022-12-31 0001973266 tko:DueToMakeLowerValueOfMediaRightsMember tko:TenOtherClubsMember 2022-10-01 2022-12-31 0001973266 tko:LegaNazionaleMember 2024-05-08 0001973266 tko:DueToMakeLowerValueOfMediaRightsMember 2019-05-01 2019-05-31 0001973266 tko:DueToMakeLowerValueOfMediaRightsMember tko:LegaNazionaleMember 2019-05-01 2019-05-31 0001973266 us-gaap:NoncontrollingInterestMember 2021-12-31 0001973266 us-gaap:MemberUnitsMember 2021-12-31 0001973266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001973266 us-gaap:ParentMember 2021-12-31 0001973266 us-gaap:CorporateAndOtherMember 2021-12-31 0001973266 tko:UltimateFightingChampionshipSegmentMember 2021-12-31 0001973266 tko:InternationalManagementGroupMember 2021-12-31 0001973266 tko:UltimateFightingChampionshipSegmentMember 2022-12-31 0001973266 tko:InternationalManagementGroupMember 2022-12-31 0001973266 us-gaap:CorporateAndOtherMember 2022-12-31 0001973266 us-gaap:MemberUnitsMember 2022-12-31 0001973266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001973266 us-gaap:ParentMember 2022-12-31 0001973266 us-gaap:NoncontrollingInterestMember 2022-12-31 0001973266 tko:TimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2022-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2022-12-31 0001973266 tko:MarketMarketAndTimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2022-12-31 0001973266 us-gaap:EmployeeStockOptionMember 2022-12-31 0001973266 tko:UltimateFightingChampionshipSegmentMember 2023-12-31 0001973266 tko:WorldWrestlingEntertainmentSegmentMember 2023-12-31 0001973266 tko:InternationalManagementGroupMember 2023-12-31 0001973266 us-gaap:CorporateAndOtherMember 2023-12-31 0001973266 tko:TimeVestedPerformanceStockUnitsMember 2023-12-31 0001973266 tko:MarketMarketAndTimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-12-31 0001973266 tko:TimeVestedRestrictedStockUnitsMember tko:TwoThousandAndTwentyOneIncentiveAwardPlanMember 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndTwentyThreeIncentiveAwardPlanMember 2023-12-31 0001973266 us-gaap:RestrictedStockUnitsRSUMember tko:TwoThousandAndSixteenIncentivePlanMember 2023-12-31 0001973266 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-12-31 0001973266 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-12-31 0001973266 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001973266 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001973266 us-gaap:RetainedEarningsMember 2023-12-31 0001973266 us-gaap:ParentMember 2023-12-31 0001973266 us-gaap:NoncontrollingInterestMember 2023-12-31 iso4217:USD xbrli:pure utr:Year xbrli:shares utr:Month iso4217:EUR tko:segment tko:Item iso4217:USD xbrli:shares
SECURITIES AND EXCHANGE COMMISSION
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): March 19, 2025
(Exact Name of Registrant as Specified in its Charter)
|
|
|
|
| |
|
|
|
|
|
(State or other jurisdiction
of incorporation) |
|
|
|
(IRS Employer
Identification No.) |
|
|
| |
200 Fifth Avenue, 7th Floor |
|
|
|
|
|
(Address of principal executive offices) |
|
|
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
| |
|
|
|
|
Name of each exchange
on which registered |
| Class A Common Stock, $0.00001 par value per share |
|
TKO |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule
12b-2
of the Securities Exchange Act of 1934
(§240.12b-2
of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act
☐
|
Results of Operations and Financial Condition. |
As previously disclosed in a Current Report on Form
8-K
filed by TKO Group Holdings, Inc. (the “Company”) on February 28, 2025 (the “Closing Date”), on the Closing Date, the Company and TKO Operating Company, LLC completed the acquisition of the Professional Bull Riders, On Location and IMG businesses from affiliates of Endeavor Group Holdings, Inc. (the “Endeavor Asset Acquisition”).
The Company is filing this Current Report on Form
8-K
(the “Form
8-K”)
solely to provide recast historical audited financial information and related disclosures for the Company with respect to its fiscal years ended December 31, 2023 and 2022 (the “Historical Financial Information”), giving effect to (i) the Endeavor Asset Acquisition as if such transaction had been consummated on January 1, 2022, the beginning of the earliest period presented and (ii) the Company’s adoption of ASU 2023-07,
Improvements to Reportable Segment Disclosures
, retrospective to January 1, 2022.
Except as otherwise stated or the context otherwise requires, this
Form 8-K
(including the exhibits hereto) does not revise or update any section or subsection of the Company’s periodic filings, including the Company’s Annual Reports on
Form 10-K
for the fiscal years ended December 31, 2024, 2023 or 2022, and is not an amendment to, or a restatement of, such filings.
The information set forth in Item 2.02 of this Current Report on Form
8-K
is incorporated by reference into this Item 8.01.
|
Financial Statements and Exhibits. |
|
|
|
|
|
|
|
|
| 23.1 |
|
Consent of Independent Registered Public Accounting Firm. |
|
|
99.1 |
|
|
|
|
101 |
|
The following financial statements in this Form 8-K hereto formatted in Inline Extensible Business Reporting Language (iXBRL): (1) the Combined Balance Sheets; (2) the Combined Statements of Operations; (3) the Combined Statements of Comprehensive (Loss) Income; (4) the Combined Statements of Stockholders’ Equity/Net Parent Investment; (5) the Combined Statements of Cash Flows and (6) the Notes to Combined Financial Statements. |
|
|
104 |
|
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
