Sentiment · FY2026 Q1
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“On March 13, 2K and Visual Concepts will once again raise the bar for a wrestling franchise with the release of WWE 2K26.”
Take-Two continues heavy investment in the WWE 2K franchise, a licensing relationship with WWE (owned by TKO Group Holdings).
“I’d like to thank Nick Khan and his team at TKO for their immense support as we raise the bar for excellence for our beloved wrestling franchise”
Take-Two thanks TKO Group Holdings leadership (Nick Khan) for support behind the WWE 2K franchise, reinforcing the licensing partnership underpinning the wrestling game line.
“WWE 2K25 has been integrated regularly into WWE’s televised programming and was also a co-sponsor of last month’s spectacular WrestleMania 41.”
WWE 2K25 is closely integrated into WWE's TV programming and was a co-sponsor of WrestleMania 41, reflecting deep marketing integration between Take-Two/2K and WWE (owned by TKO Group Holdings).
“First, we couldn't be more thrilled about the way the UFC partnership has started. UFC 324 was really a phenomenal start for us. We reached approximately 7 million households across the U.S. and Latin America and was also the platform's largest exclusive live event to date.”
Paramount's new exclusive streaming home for the UFC (owned by TKO) started ahead of expectations with strong households and ad demand, a positive read-through for TKO's UFC.
“We're also excited to announce that ESPN will be the exclusive home for WWE Premium Live Events, further expanding ESPN's rights portfolio, and we look forward to sharing more soon.”
ESPN secured exclusive rights to WWE Premium Live Events (owned by TKO Group), adding another marquee live-sports property to its direct-to-consumer rights portfolio.
“we could not be more excited about our partnership with TKO, Dana White and UFC.”
Paramount frames its UFC rights deal with TKO as a cornerstone content investment expected to drive Paramount+ subscriber growth and engagement, a positive demand signal for TKO's UFC property.
“in North America, we launched the Bring the Juice campaign, which featured a collaboration between Minute Maid and World Wrestling Entertainment that includes digital experiences, limited-time-only packaging, and in-store activations.”
WWE (TKO Group) partnered with Coca-Cola's Minute Maid brand on a co-marketing campaign spanning digital, packaging, and in-store activation.
“You got increased rights fees across-the-board, but then we, then to partially offset that, we've got no WWE in for the remainder of the year and then we've also obviously discontinued with Pac-12.”
Fox no longer carries WWE programming for the rest of the fiscal year, a partial offset against rising sports-rights fee costs in the Television segment.
“Just interested in your current thoughts on bidding for more sports rights like ESPN's MLB package or the UFC package that's in the marketplace now.”
An analyst asks whether Paramount would bid for the UFC rights package (owned by TKO Group) currently in the marketplace, implying incremental competition for live-sports rights.
“WWE is off to a great start. Our first week, we drew about 5 million views, which is about two times the audience that Monday Night Raw was getting in linear television.”
Netflix's new streaming partnership with WWE (TKO Group Holdings) for Monday Night Raw is outperforming its prior linear-TV audience in its debut weeks.
“Two of your partners are bidding for WBD.”
An analyst notes two TKO media partners (Paramount and Netflix) are bidding to acquire Warner Bros. Discovery; TKO says it sees pros either way.
“including deals with Riyadh Season, Minute Maid, Comcast and Seagram's, among others.”
TKO signed a WWE partnership/marketing deal with Comcast among other new-category brand deals.
“expanded renewals with market-leading brands like Monster Energy”
TKO expanded and renewed its global partnership with Monster Energy.
“innovative new category alliances with Meta, IBM, Polymarket, DoorDash and Ram.”
TKO signed DoorDash as a new-category global partnership alliance.
“innovative new category alliances with Meta, IBM, Polymarket, DoorDash and Ram.”
TKO signed IBM as a new-category global partnership alliance.
“innovative new category alliances with Meta, IBM, Polymarket, DoorDash and Ram.”
TKO signed Meta as a new-category global partnership alliance.
“We launched WWE on Netflix in January 2025. Over the course of the first year of this 10-year deal, viewers streamed 525 million hours of content”
WWE's 10-year Netflix deal drove 525 million hours streamed in year one, with Raw a mainstay of Netflix's weekly top 10.
“WWE's $1.6 billion deal with ESPN to become the exclusive home of all premium live events, including WrestleMania.”
TKO's $1.6B WWE media rights deal makes ESPN (Disney) the exclusive home of all WWE premium live events including WrestleMania.
“our 7-year agreement for UFC with Paramount ushers in a new era, making UFC's 43 annual events available to all Paramount+ subscribers in the U.S.”
TKO's 7-year UFC media rights deal makes all 43 annual UFC events available on Paramount+, a major content win for Paramount.
“including recently announced deals with Wingstop, Prime Video and Sony Pictures, among others.”
Sony Pictures is among newly announced UFC partnership deals, reflecting its brand engagement with premium sports content.
“including recently announced deals with Wingstop, Prime Video and Sony Pictures, among others.”
Prime Video (Amazon) is among newly announced UFC partnership deals, a sign of Amazon's continued sports-content and marketing engagement.
“brands like Wingstop are now advertising across both UFC and WWE.”
Wingstop is a crossover advertiser spending across both UFC and WWE, indicating expanding sports-marketing investment by the brand.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Brandon Ross | LightShed Partners | 14 (7%) |
| Steve Laszczyk | Goldman Sachs | 12 (8%) |
| Peter Supino | Wolfe Research | 9 (0%) |
| Ben Swinburne | Morgan Stanley | 8 (0%) |
| Ryan Gravett | UBS | 7 (0%) |
| Dave Karnovsky | JPMorgan | 6 (0%) |
| Eric Handler | ROTH Capital Partners | 3 (0%) |
| Sean Diffley | Morgan Stanley | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| LightShed Partners | 1 | 14 (7%) |
| Goldman Sachs | 1 | 12 (8%) |
| Morgan Stanley | 2 | 10 (0%) |
| Wolfe Research | 1 |
| 9 (0%) |
| UBS | 1 | 7 (0%) |
| JPMorgan | 1 | 6 (0%) |
| ROTH Capital Partners | 1 | 3 (0%) |
TKO completed a catalytic year having secured over $15 billion in media rights value across its portfolio, with revenue up 12% and adjusted EBITDA up 30% for Q4. The formalization of financial incentive packages as a strategic tool and the launch of Zuffa Boxing expanded revenue opportunities. Management introduced FY2026 guidance of $5.675-5.775 billion revenue and $2.24-2.29 billion EBITDA, representing a step-function change from the maturing media rights portfolio, with approximately $1.3 billion returned to shareholders in calendar 2025.
Revenue Growth | Competitive Dynamics | Margin | Innovation & R&D | Geographic Expansion | Subscriber Growth | Demand | Capital Allocation | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 7 | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| 2025Q1 | 7 | 3 | 2 | 2 | 3 | 2 | ||
| 2025Q2 | 6 | 6 | 3 | 2 | 1 | |||
| 2025Q3 | 5 | 5 | 1 | 1 | 2 | 3 | 1 | |
| 2025Q4 | 5 | 2 | 1 | 2 | 1 | 1 | 2 | 2 |
| 2026Q1 | 3 | 4 | 1 | 1 | 2 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 7 | 7 | 6 | 5 | 5 | 3 |
| Competitive Dynamics | 2 | 3 | 6 | 5 | 2 | 4 |
| Margin | 2 | 2 | 3 | 1 | 1 | 1 |
| Innovation & R&D | 2 | 2 | 2 | 1 | 2 | |
| Geographic Expansion | 2 | 3 | 2 | 1 | 1 | |
| Subscriber Growth | 2 | 1 | 3 | 1 | 2 | |
| Demand | 2 | 1 | 2 | 3 | ||
| Capital Allocation | 1 | 2 | 2 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TKO TKO Group Holdings | 8 | +25.9% | |
| DIS The Walt Disney Company | 7 | +6.5% | |
| FOX Fox Corporation (Class B) | 5 | -8.6% | |
| LYV Live Nation Entertainment | 7 | +12.2% | |
| NFLX Netflix, Inc. | 8 | +16.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| WBD Warner Bros. Discovery | 4 | -0.8% |