TKO Group has completed an accelerated share repurchase (ASR) agreement worth $800 million, reinforcing the company’s commitment to returning capital to shareholders.
The parent company of UFC and WWE announced that it has finalized the buyback of its outstanding Class A common stock, marking another milestone within its broader capital return strategy.
“The completion of this ASR represents another important step in our capital return program and reflects our continued confidence in TKO’s business and outlook,” said Mark Shapiro, President and Chief Operating Officer of TKO.
Under the agreement signed on March 11, 2026, TKO paid $800 million to Morgan Stanley & Co. and initially received approximately 3.13 million shares of Class A common stock. Following the conclusion of the ASR period on June 30, the company obtained an additional 1.03 million shares as part of the final settlement.
The transaction forms part of TKO’s previously announced $2 billion share repurchase authorization unveiled in October 2024.
In parallel, TKO disclosed in March that it had adopted a Rule 10b5-1 trading plan allowing for the repurchase of up to an additional $200 million of its outstanding Class A shares.
The buyback initiative comes amid strong financial momentum for the sports and entertainment group. TKO posted net income of $249.9 million in the first quarter of 2026, up 33% from $165.5 million recorded during the same period last year.
Revenue also climbed significantly, rising 26% year-over-year from $1.27 billion to $1.57 billion, highlighting continued growth across the company’s portfolio of premium combat sports and sports entertainment properties.