Direct Answer
TKO Group Holdings reports revenue across 4 business segments in its fiscal 2025 Form 10-K. World Wrestling Entertainment is the largest, with $1.7 billion of revenue (36% of the total), followed by Ultimate Fighting Championship at $1.5 billion (32%).
How Does TKO Group Holdings Make Money?
No single line supplies a majority of revenue: the largest, World Wrestling Entertainment, is 36%, which spreads TKO Group Holdings's exposure across several demand drivers. Between fiscal 2024 and 2025, World Wrestling Entertainment grew fastest (+22.3%) and IMG slowest (-30.6%), so the revenue mix tilts toward World Wrestling Entertainment while that gap lasts.
| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| World Wrestling Entertainment | $1.7 billion | $1.4 billion | 36.1% | 22.3% |
| Ultimate Fighting Championship | $1.5 billion | $1.4 billion | 31.7% | 6.8% |
| IMG | $1.4 billion | $2.0 billion | 28.9% | -30.6% |
| Corporate and Other | $199 million | $170 million | 4.2% | 16.9% |
What Does TKO Group Holdings Sell?
TKO Group Holdings also breaks revenue down by product and service line, which shows what customers pay for rather than how management organizes the business.
| Product or service | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| Media Rights Production and Content | $2.6 billion | $2.5 billion | 55.0% | 4.3% |
| Live Events and Hospitality | $1.3 billion | $1.8 billion | 28.3% | -25.2% |
| Partnerships and Marketing | $589 million | $445 million | 12.4% | 32.3% |
| Consumer Products Licensing and Other | $245 million | $210 million | 5.2% | 16.3% |
Where Does TKO Group Holdings's Revenue Come From?
Regions follow the definitions in the filing; most companies assign revenue by customer location.
| Region | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
|---|---|---|---|---|
| North America | $3.5 billion | $3.0 billion | 74.2% | 17.2% |
| EMEA | $898 million | $1.5 billion | 19.0% | -38.5% |
| Asia Pacific | $242 million | $338 million | 5.1% | -28.4% |
| Latin America | $80 million | $88 million | 1.7% | -8.3% |
What the Segment Figures Do Not Show
The rows above add up to 101% of TKO Group Holdings's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.
Where These Numbers Come From
Every figure on this page is a value TKO Group Holdings reported in the segment note and revenue disclosures of its Form 10-K filed February 25, 2026 (accession 0001193125-26-071651), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.
Frequently Asked Questions
What are TKO Group Holdings's business segments?
In its fiscal 2025 Form 10-K, TKO Group Holdings reports revenue for World Wrestling Entertainment, Ultimate Fighting Championship, IMG and Corporate and Other.
Which part of TKO Group Holdings brings in the most revenue?
World Wrestling Entertainment, with $1.7 billion of revenue in fiscal 2025, or 36% of the total.
Where does TKO Group Holdings report its segment results?
In the segment note to the financial statements in its Form 10-K, most recently filed February 25, 2026, alongside management's discussion of each segment's results.