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TKO Group Holdings

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TKO Group Holdings

TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC) mixed martial arts promotion —and the professional wrestling promotion World Wrestling Entertainment (WWE). TKO's CEO is Ari Emanuel and president Mark Shapiro, both of Endeavor; Dana White and Nick Khan retained their roles as CEOs of UFC and WWE, respectively after the merger. WWE co-founder Vince McMahon served as executive chairman until resigning from the company in January 2024 amid a sex trafficking scandal. The merger marked the first time that WWE has not been solely and primarily majority-controlled by the McMahon family, which founded the company and owned it for over 70 years. As of 2024, the UFC and WWE were the two most valuable combat sports organizations in the world according to Forbes. UFC was listed as the most valued mixed martial arts (MMA) company with a revenue of $1.406 billion and WWE is the most valued professional wrestling promotion with a revenue of $1.398 billion in 2024. In 2025, TKO announced plans to form a boxing promotion known as Zuffa Boxing and acquire other sports and entertainment assets from Endeavor as part of Endeavor's sale to Silver Lake Partners, including Professional Bull Riders (PBR), hospitality agency On Location Events, and assets from IMG.

Infobox

Trade name
TKO
Company type
Public
Traded as
mw- NYSE: TKO (Class A)S&P 500 component
Industry
Experiential hospitalityMass mediaSport managementSports marketingSports promotion
Predecessors
World Wrestling Entertainment, Inc.Zuffa, LLC
Founded
September 12, 2023; 2 years ago (2023-09-12)
Founders
Ari EmanuelVince McMahon
Headquarters
200 Fifth Avenue, New York City, U.S.
Area served
Worldwide
Key people
Ari Emanuel(executive chairman and CEO)Mark Shapiro(president and COO)
Products
BroadcastingFilmsFinanceHome videoLive eventsMerchandiseMusicPublishingStreaming network serviceTelevision
Services
Licensing
Revenue
US$2.804 billion (2024)
Operating income
US$282.9 million (2024)
Net income
US$6.4 million (2024)
Total assets
US$12.7 billion (2024)
Total equity
US$8.7 billion (2024)
Number of employees
c. 1,300 (2024)
Subsidiaries
IMGOn Location EventsPBRUFCWWEZuffa Boxing
Website
tkogrp.com
Parent
Endeavor (61.72%)

Tables

Board of Directors · Corporate governance
Ari Emanuel
Ari Emanuel
Name
Ari Emanuel
Representative
Endeavor
Role
CEO and Executive Chairman of TKO Group Holdings
Egon Durban
Egon Durban
Name
Egon Durban
Representative
Co-CEO of Silver Lake Management
Nick Khan
Nick Khan
Name
Nick Khan
Representative
WWE
Role
President of WWE
Steve Koonin
Steve Koonin
Name
Steve Koonin
Representative
Lead Independent DirectorCEO of Atlanta Hawks
Jonathan Kraft
Jonathan Kraft
Name
Jonathan Kraft
Representative
Endeavor
Role
President of the Kraft Group and the New England Patriots
Sonya Medina Williams
Sonya Medina Williams
Name
Sonya Medina Williams
Representative
President and Executive Director for Reach Resilience
Mark Shapiro
Mark Shapiro
Name
Mark Shapiro
Representative
President and COO of TKO Group Holdings
Carrie A. Wheeler
Carrie A. Wheeler
Name
Carrie A. Wheeler
Representative
WWE
Role
CEO of Opendoor
Nancy Tellem
Nancy Tellem
Name
Nancy Tellem
Representative
Endeavor
Role
Chief Media Officer of Eko
Peter Bynoe
Peter Bynoe
Name
Peter Bynoe
Representative
WWE
Role
Senior Advisor of DLA Piper
Dwayne Johnson
Dwayne Johnson
Name
Dwayne Johnson
Representative
Co-owner of United Football LeaguePart-time WWE wrestler
Brad Keywell
Brad Keywell
Name
Brad Keywell
Representative
Endeavor
Role
Executive Chairman of Uptake Technologies
Name
Representative
Role
Ari Emanuel
Endeavor
CEO and Executive Chairman of TKO Group Holdings
Egon Durban
Co-CEO of Silver Lake Management
Nick Khan
WWE
President of WWE
Steve Koonin
Lead Independent DirectorCEO of Atlanta Hawks
Jonathan Kraft
Endeavor
President of the Kraft Group and the New England Patriots
Sonya Medina Williams
President and Executive Director for Reach Resilience
Mark Shapiro
President and COO of TKO Group Holdings
Carrie A. Wheeler
WWE
CEO of Opendoor
Nancy Tellem
Endeavor
Chief Media Officer of Eko
Peter Bynoe
WWE
Senior Advisor of DLA Piper
Dwayne Johnson
Co-owner of United Football LeaguePart-time WWE wrestler
Brad Keywell
Endeavor
Executive Chairman of Uptake Technologies

References

  1. The WWE/UFC talent in question was not named in the lawsuit, but was believed to be by The Wall Street Journal as Brock
  2. At the close of the merger, all Zuffa assets (including the UFC) were transferred to a subsidiary named TKO Operating Co
  3. The PBR Cowboy Bar locations are ran in partnership with The Cordish Companies.
  4. The promotion is ran as a partnership between TKO, Turki Al-Sheikh, the chairman of the General Entertainment Authority
  5. TKO Group Holdings, Inc
    https://s202.q4cdn.com/437702206/files/doc_financials/2024/q4/TKO_4Q24-Earnings-Release_2-26-25_Final.pdf
  6. "2023 Annual Report (Form 10-K)"
    https://www.sec.gov/ix?doc=/Archives/edgar/data/1973266/000156276224000038/tko-20231231x10k.htm
  7. CNBC
    https://www.cnbc.com/2023/04/02/wwe-ufc-endeavor-deal.html
  8. Forbes
    https://www.forbes.com/sites/justinteitelbaum/2024/04/18/the-most-valuable-combat-sports-promotions-2024/
  9. "New WWE Stamford headquarters opening scheduled for early 2023"
    https://www.ctinsider.com/business/article/WWE-stamford-new-headquarters-17674917.php
  10. "A Look at WWE Pay-Per-View Changes"
    https://bleacherreport.com/articles/349321-a-look-at-wwe-pay-per-view-changes
  11. "Pro Wrestling a Pioneer in Pay-Per-View Game"
    https://www.chicagotribune.com/1991/10/29/pro-wrestling-a-pioneer-in-pay-per-view-game/
  12. "The WWE Universe Creates Wild Fan Films To Honor 30 Years of Monday Night RAW"
    https://www.usanetwork.com/usa-insider/wwe-fan-films-30-years-monday-night-raw
  13. "WWF pins IPO"
    https://money.cnn.com/1999/08/03/companies/wrestling/
  14. "The New WWE"
    https://corporate.wwe.com/news/company-news/2011/04-07-2011
  15. Gentry III, Clyde, No Holds Barred: Evolution, Archon Publishing, 2001, 1st ed., ISBN 0-9711479-0-6, pages 24–29.
  16. Bleacher Report
    https://ghostarchive.org/archive/20211018/http://bleacherreport.com/articles/1163248-royce-gracies-legacy-bjjs-relevance-on-the-decline-in-modern-mma
  17. Pittsburgh Tribune-Review
    https://web.archive.org/web/20090701071321/http://www.pittsburghlive.com/x/pittsburghtrib/sports/s_630997.html
  18. Art Davie on His Decision to Sell His Stake in the UFC
    https://www.youtube.com/watch?v=rKcGzFRzhI0
  19. The New York Times
    https://www.nytimes.com/2016/07/11/business/dealbook/ufc-sells-itself-for-4-billion.html
  20. HNHH
    https://ghostarchive.org/archive/20211018/http://www.hotnewhiphop.com/cam-newton-ll-cool-j-the-weeknd-and-others-make-major-investment-in-ufc-news.24474.html?
  21. ESPN.com
    https://www.espn.com/wwe/story/_/id/35388281/vince-mcmahon-back-wwe-ahead-media-rights-negotiations
  22. CNBC
    https://www.cnbc.com/2023/01/07/who-would-buy-wwe-as-mcmahon-returns-to-board-to-pursue-sale.html
  23. Front Office Sports
    https://frontofficesports.com/public-investment-fund-saudi-arabia-wwe-sale-liv-golf-vince-mcmahon/
  24. WWE
    https://corporate.wwe.com/news/company-news/2023/01-10-2023
  25. CNBC
    https://www.cnbc.com/2023/04/03/wwe-ufc-merger-endeavor.html
  26. The Hollywood Reporter
    https://www.hollywoodreporter.com/business/business-news/wwe-ufc-merger-endeavor-vince-mcmahon-1235365885-1235365885/
  27. CNBC
    https://www.cnbc.com/2023/04/02/wwe-ufc-endeavor-deal.html
  28. TKO Group Holdings, Inc
    https://web.archive.org/web/20230920070151/https://tkogrp.com/press/endeavor-announces-close-of-ufc-and-wwe-transaction-to-create-tko-group-holdings-a-premier-sports-and-entertainment-company/
  29. OutKick
    https://www.outkick.com/wwe-ceo-nick-khan-talks-wwe-ufc-merger/
  30. PWMania
    https://web.archive.org/web/20230503210345/https://www.pwmania.com/nick-khan-and-triple-h-discuss-wwe-endeavor-why-raw-and-smackdown-ratings-rising-more
  31. Wrestling Observer/Figure Four Online
    https://www.f4wonline.com/news/wwe/vince-mcmahon-i-will-remain-involved-in-wwe-creative-at-a-higher-level
  32. U.S. Securities and Exchange Commission
    https://web.archive.org/web/20240609140444/https://otp.tools.investis.com/clients/us/wwe/SEC/sec-show.aspx?FilingId=16853747&Cik=0001091907&Type=PDF&hasPdf=1
  33. "SCHEDULE 14C INFORMATION"
    https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=317703901&type=HTML&symbol=WWE&cdn=a772878cb281b5da37d4daaffaf6d35e&companyName=World+Wrestling+Entertainment+Inc.+Class+A&formType=DEFM14C&formDescription=Definitive+information+statement+relating+to+merger+or+acquisition&dateFiled=2023-08-22
  34. WWE
    https://www.wwe.com/shows/wwenxt/2023-09-12
  35. "UFC CEO Dana White Compliments Art Form of Combat Sports: 'We Get It and We Like It'"
    https://www.si.com/fannation/mma/ufc-ceo-dana-white-compliments-combat-sports-art
  36. The Wall Street Journal
    https://archive.today/20240125190915/https://www.wsj.com/business/vince-mcmahon-accused-of-sex-trafficking-by-wwe-staffer-he-paid-to-keep-quiet-0b19b21c
  37. Deadline
    https://web.archive.org/web/20240127013826/https://deadline.com/2024/01/vince-mcmahon-resigns-rape-lawsuit-tko-group-holding-sex-trafficking-1235805961/
  38. CBSSports.com
    https://www.cbssports.com/wwe/news/vince-mcmahon-resigns-from-roles-with-wwe-tko-group-amid-sexual-assault-and-trafficking-allegations/
  39. The New York Times
    https://www.nytimes.com/2024/01/26/business/vince-mcmahon-resigns-wwe.html
  40. ESPN
    https://www.espn.in/wwe/story/_/id/39396125/vince-mcmahon-resigns-following-allegations-sexual-misconduct
  41. Deadline
    https://deadline.com/2024/07/ufc-wwe-parent-tko-everpass-media-nfl-sunday-ticket-1235999696/
  42. TVTechnology
    https://www.tvtechnology.com/news/everpass-media-acquires-upshow
  43. CNBC
    https://www.cnbc.com/2024/10/24/tko-group-to-acquire-img-pbr-and-on-location-from-endeavor.html
  44. Variety
    https://variety.com/2024/biz/news/tko-acquires-pbr-img-on-location-endeavor-1236189455/
  45. TKO
    https://investor.tkogrp.com/news/news-details/2025/TKO-Completes-Acquisition-of-Sports-Assets-From-Endeavor/default.aspx
  46. Sports Business Journal
    https://www.sportsbusinessjournal.com/Articles/2025/04/25/big-kc-stampede/
  47. Sportico.com
    https://www.sportico.com/leagues/other-sports/2025/ufc-wwe-pbr-takeover-kansas-city-tko-holdings-1234832113/
  48. ESPN.com
    https://www.espn.com/boxing/story/_/id/44120770/tko-group-partners-saudis-form-new-boxing-promotion
  49. WrestleTalk
    https://wrestletalk.com/news/wwe-acquires-mexican-lucha-libre-promotion-aaa/
  50. 411MANIA
    https://411mania.com/wrestling/more-when-wwe-take-over-aaa-details-other-company-involved/
  51. F4W/WON
    https://www.f4wonline.com/news/wwe/wwe-acquires-aaa-lucha-libre/
  52. UFC.com
    https://www.ufc.com/news/ufc-announces-launch-ufc-brazilian-jiu-jitsu-worlds-new-premier-brazilian-jiu-jitsu-live-event
  53. RingMagazine.com
    https://ringmagazine.com/en/news/dana-white-says-he-doesn-t-have-rivalry-with-f-ing-lunatics-arum-de-la-hoya
  54. Ultimate Fighting Championship
    https://www.ufc.com/news/paramount-announces-landmark-media-rights-deal-with-zuffa-boxing
  55. "Who owns WWE after the TKO merger (and before) | Vince McMahon, Dwayne Johnson, Ari Emanuel ownership – as of June 2025"
    https://wrestlenomics.com/articles/2024/who-owns-wwe-after-the-tko-merger-and-before/
  56. TKO Group Holdings
    https://investor.tkogrp.com/news/news-details/2024/TKO-Appoints-Dwayne-Johnson-to-Board-of-Directors/default.aspx
  57. "TKO CEO Ari Emanuel: Netflix deal strengthens the WWE brand 'on a global basis'"
    https://www.cnbc.com/video/2024/01/23/tko-ceo-ari-emanuel-netflix-deal-strengthens-the-wwe-brand-on-a-global-basis.html
  58. Post Wrestling
    https://www.postwrestling.com/2023/08/10/board-members-revealed-for-tko-group-holdings/
  59. Deadline
    https://deadline.com/2024/01/vince-mcmahon-resigns-rape-lawsuit-tko-group-holding-sex-trafficking-1235805961/
  60. Tiffany Stratton & Logan Paul Recap SummerSlam: Seth Rollins Cash-In, Triple H Kayfabe, Street Fight
    https://www.youtube.com/watch?v=XJvU_dVIvsE
  61. Breath Death
    https://www.getbreathdeath.com/
  62. Traded
    https://traded.co/vc/deal/adin-ross-and-logan-paul-co-found-breath-freshener-line-breath-death-with-influencer-support/
  63. The Independent
    https://www.independent.co.uk/news/world/americas/hulk-hogan-beer-lawsuit-b2787598.html
  64. "SCHEDULE 14C INFORMATION"
    https://www.sec.gov/Archives/edgar/data/1973266/000197326624000013/tko-20240331x10q.htm
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