TKO Group Holdings, Inc（TKO）の決算・業績分析
TKO Group Holdings, Incの2025年有価証券報告書をAI分析。売上高$4.7B(+68.9%)。営業利益$835M。Consumer Discretionary。
目次
TKO Group Holdings, Incの2025年度 業績サマリー
TKO Group Holdings, Inc（証券コード: TKO）の2025年度決算・業績分析。売上高は$4.7B（前年比+68.9%）。営業利益は$835M（前年比+195.2%）。純利益は$195M（前年比+1977.0%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
TKO Group Holdings, Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- TKO Group Holdings reported a 10.5% YoY revenue increase to $1.1B (XBRL), driven by strong performance in media rights and live events.
- Operating income surged 39.2% YoY to $544M (XBRL), but net income remained negative at $-35M (XBRL), reflecting high leverage and debt obligations.
- Net debt reached $2.5B (XBRL), or 4.1x EBITDA (XBRL), highlighting significant financial leverage despite robust operating cash flow of $502M (XBRL).
- ROE turned negative at -0.9% (XBRL), underscoring the impact of high debt on shareholder returns despite strong operating margins (47.8% YoY).
TKO Group Holdings, Incの売上高変化の要因
- •TKO's FY2024 revenue grew 10.5% YoY to $1.1B (XBRL), with historical time series showing a projected jump to $3.2B in FY2025 (XBRL). Revenue growth is driven by media rights (e.g., UFC and WWE content licensing) and live events. Operating income increased 39.2% YoY to $544M (XBRL), reflecting efficiency gains in content production and distribution. However, net income remained flat at $-35M (XBRL), indicating challenges in converting operating profits into net earnings, likely due to high debt servicing costs.
TKO Group Holdings, Incの営業利益変化の要因
- •TKO achieved a 47.8% operating margin (XBRL), up from FY2023, and a 53.0% EBITDA margin (XBRL). However, net margin turned negative at -3.1% (XBRL), consistent with FY2023. Operating income grew 39.2% YoY to $544M (XBRL), while net income stagnated at $-35M (XBRL). The disparity highlights the impact of interest expenses and debt obligations on profitability.
TKO Group Holdings, Incの事業リスクと対応
Dependence on discretionary consumer and corporate spending (10-K).
Reliance on key distribution partners (e.g., ESPN, Netflix) for media content distribution (10-K).
Failure to renew or replace critical distribution agreements (e.g., Netflix’s 10-year WWE content deal with opt-out rights) (10-K).
Economic and geopolitical factors impacting spending (e.g., inflation, tax laws, recessions) (10-K).
Need to renegotiate major TV distribution rights (UFC, WWE Network) before 2025–2026 (10-K).
TKO Group Holdings, Incの今後の見通し・業績予想
TKO Group Holdings, Incの事業内容
TKO Group Holdings operates premium sports and sports entertainment companies, primarily UFC and WWE, generating revenue through media rights, live events, sponsorships, and consumer products licensing (10-K). The company's business model leverages its intellectual property and global fanbases (700M+ followers) to monetize content across platforms. Key segments include media rights and content (licensing to ESPN, Netflix), live events (2M+ attendees annually), sponsorship and consumer products (brands like Monster Energy), and experiential hospitality (via On Location). Competitive advantages include multichannel distribution, long-term media rights contracts, and strategic acquisitions (e.g., PBR, On Location, IMG) (10-K).
TKO Group Holdings, IncのAI業績分析レポート（2024年度）
TKO Group Holdings, Inc. (TKO) FY2024 Annual Report Analysis
Highlights
Business Overview
TKO operates premium sports and sports entertainment through UFC and WWE, generating revenue via media rights, live events, sponsorships, and consumer products (10-K). Key segments include media rights (ESPN, Netflix), live events (2M+ attendees), sponsorships (Monster Energy, Procter & Gamble), and experiential hospitality (On Location). Competitive advantages include global fanbases, multichannel distribution, and long-term media contracts (10-K). No significant customer concentration is reported (10-K).
Revenue Analysis
FY2024 revenue increased 10.5% YoY to $1.1B (XBRL), with historical projections showing a jump to $3.2B in FY2025 (XBRL). Operating income rose 39.2% YoY to $544M (XBRL), driven by efficiency gains. However, net income remained negative at $-35M (XBRL), indicating challenges in converting operating profits into net earnings.
Profitability Analysis
TKO achieved a 47.8% operating margin (XBRL) and 53.0% EBITDA margin (XBRL). Net margin was -3.1% (XBRL), consistent with FY2023. Operating income grew 39.2% YoY to $544M (XBRL), but net income stagnated, reflecting high debt costs.
Balance Sheet Analysis
Equity increased to $4.1B (XBRL) from $569M (FY2023), but long-term debt rose to $2.7B (XBRL), resulting in net debt of $2.5B (XBRL) or 4.1x EBITDA (XBRL). Current ratio was 1.04x (XBRL), and cash reserves stood at $236M (XBRL).
Cash Flow Analysis
Operating cash flow was $502M (XBRL), with FCF at $488M (XBRL) after $60M in D&A (XBRL). Financing outflows of $1.2B (XBRL) were driven by $100M in share repurchases (XBRL), despite strong FCF.
Working Capital Analysis
Receivables days: 43 (XBRL), payables days: 14 (XBRL), asset turnover: 0.09x (XBRL). CCC implied by these figures is 29 days.
Risks
Outlook
Management emphasizes acquisitions (PBR, On Location, IMG) as growth strategies (10-K). Revenue is projected to jump to $3.2B in FY2025 (XBRL), though operating income is expected to decline to $376M (XBRL), suggesting potential profitability challenges.
Historical Time Series
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | 1.0B | 1.1B | 3.2B |
| Operating Income | 391M | 544M | 376M |
| Net Income | -35M | -35M | -35M |
| Total Assets | 3.6B | 12.7B | 15.1B |
| Total Equity | 569M | 4.1B | 4.1B |
| Operating Cash Flow | 441M | 502M | 266M |
Consumer Discretionaryの企業一覧
TKO Group Holdings, Incと同じ「Consumer Discretionary」セクターの企業