TKO Group Holdings Inc-A 2025年度报告

ROM OURXECUTIVEHAIR & CEO We also signed a historic seven‑year, $7.7 billion UFCdomestic media rights agreement with Paramount,representing a significant increase in value over ourprior agreement. In addition to driving meaningfuleconomics for investors, the deal unlocks deeperengagement for UFC’s passionate fanbase in theU.S.—bringing all 43 annual events to Paramount+and select events to CBS. 2025 was a landmark year for TKO. We secured long‑term media rights deals for UFCand WWE, delivered record‑setting live events andpremium experiences around the globe, activatednew global brand partnerships, integrated IMG, OnLocation, and PBR into our portfolio, and prepared forthe launch of Zuffa Boxing. We now have more than $15 billion of long‑termmedia rights secured across UFC, WWE, PBR, andZuffa Boxing. This high‑margin revenue, with annualescalators, provides strong visibility and predictabilityfor years to come. Our focus now is on execution—translating expanded reach into fan engagement andglobal partnership growth. We also demonstrated our commitment to a robustcapital return strategy by returning more than $1billion to shareholders during the year through ourquarterly cash dividend—which we initiated in thefirst quarter and subsequently doubled in the thirdquarter—as well as share repurchases. Building on this strong operating performance anddisciplined capital allocation, we enter 2026 withsignificant momentum. Fans showed up in record numbers—andour events delivered. 2025 marked a step‑change in ourlong‑term media rights. UFC events sold out and notched arena records inmarkets around the world—from Los Angeles andSydney to Montreal and Chicago. Responding toglobal demand for UFC events and the passion of ourfan base, we also entered new markets, highlightedby first‑ever Fight Nights in Baku and Doha. WWE debuted in January on Netflix, kicking off alandmark 10‑year, $5.2 billion global agreement.Right out of the gate, the response from fans wasremarkable, and Raw finished the year as a mainstayin Netflix’s weekly Top 10 in the U.S. and in more than30 other countries worldwide. WWE’s record‑setting slate of events showcased thepower of this incredible brand. WrestleMania 41 atAllegiant Stadium in Las Vegas welcomed more than118,000 fans across two nights and became WWE’smost successful event ever, breaking its all‑timerecords in gate, viewership, premium hospitality,partnerships, merchandise, and social engagement. Off the back of that success, we signed a five‑year,$1.625 billion agreement with ESPN to become theexclusive home of WWE’s Premium Live Events inthe U.S. The deal brings marquee events includingWrestleMania and SummerSlam to ESPN, positioningWWE to grow awareness, stretch our audience, andpursue new global partnership opportunities. Events like these generate significant economicimpact for host markets, which is why governments,tourism boards, and venues compete to host us. On Location capitalized on fan enthusiasm for UFCand WWE, providing premium experiential hospitalityat more than 65 events across both propertiesin 2025. We also extended our long‑standingrelationship with the NFL across the Super Bowl,Pro Bowl, Draft, and international games. Thatmomentum continues into 2026, with On Locationdelivering premium sports hospitality at two of theworld’s biggest events: the Olympic Winter GamesMilano Cortina 2026 and FIFA World Cup 2026TM. In 2025, approximately half of our marquee eventswere supported by meaningful financial incentivepackages (“FIPs”), underscoring that demand.Securing these FIPs remains a key priority, and we aretargeting a range of $380 million to $420 million ofannual value from FIPs by 2030. Global brand partnerships had abreakout year. In 2025, we generated well over $450 million inglobal partnerships revenue across UFC and WWE. PBR recorded record‑breaking regular seasonattendance across both its Unleash The Beast andVelocity Tours, while the PBR Teams league closed theyear with strong viewership, boosted by expandeddistribution on Fox Nation, The CW, and CBS. Growth was underpinned by a healthy mix ofrenewals with market‑leading brands and new,category‑defining alliances. Across UFC and WWE,we expanded relationships with key partners suchas Monster Energy, Meta, and IBM, while adding newpartners including Polymarket, DoorDash, and RamTrucks. These deals increasingly span multiple TKOproperties and leverage our expertise integratingbrands authentically into live events andpremium content. We also laid the groundwork for Zuffa Boxing,our newest sports venture, securing a significantmulti‑territory media rights deal with Paramount+ andsigning a compelling group of boxers. We are excitedto leverage our playbook to build Zuffa Boxing intoanother core asset within our portfolio and to unlockits long‑term potential. Looking ahead, we see a long runway to growpartnerships across our portfolio, leveraging ourreach, relevance, and popularity among passionate,