With a market cap of $36.9 billion, TKO Group Holdings, Inc. (TKO) is a premium sports and entertainment company that owns leading properties including UFC, WWE, PBR, and Zuffa Boxing, reaching more than 1 billion households across 210 countries and territories. Through businesses such as IMG and On Location, TKO also provides sports marketing and premium hospitality services, while its properties host more than 500 live events annually and attract over three million fans.
Shares of the New York-based company have lagged behind the broader market over the past 52 weeks. TKO stock has risen 4.7% over this time frame, while the broader S&P 500 Index ($SPX) has returned 19.3%. In addition, shares of the company are down 7% on a YTD basis, compared to SPX’s 12.4% increase.