Analyst: TKO most sensible bidder for Liberty Formula 1 after Malone maneuver

TKO Group reported Q3 revenue of $391M in its IMG segment, up 16%, with adjusted EBITDA rising 89% to $116M. World Cup hospitality contributed significantly, exceeding expectations. Full-year revenue and EBITDA forecasts were raised. The company generated $450M in free cash flow and completed share buybacks under its $2B authorization. TKO plans to discuss long-term strategy at an investor day in Q1 2024.

TKO Group Holdings priced $1.0 billion of 6.500% senior secured notes due 2031, with proceeds for general corporate purposes, including share repurchases. The notes are issued by TKO Worldwide Holdings and expected to close by November 13, 2026. They are guaranteed by TKO Guarantor and certain subsidiaries, ranking equally with senior indebtedness.

TKO Group Holdings priced a $1B offering of 6.5% senior secured notes due 2031, expected to close by November 13, 2026. Proceeds will be used for general corporate purposes, according to the company.

TKO Group Holdings, Inc. (TKO) filed an SEC Form 8-K — Other Events. Exhibit 99.1 TKO Announces Launch of Senior Secured Notes Offering New York, NY (November 5, 2026)— TKO Group Holdings, Inc. (NYSE: TKO) (“TKO” or the “Company”), a premium sports and entertainment company, today announced the launch of an offering (the “Offering”) of $1.0 billion

TKO Group Holdings (NYSE:TKO) priced $1 billion in 6.5% Senior Secured Notes due 2031. Proceeds will fund general corporate purposes, including share repurchases. The notes are secured by collateral and guaranteed by subsidiaries. The offering is expected to close by November 13, 2026, and was offered to qualified institutional buyers.

TKO Group Holdings priced $1.0B of 6.500% senior secured notes due 2031, expected to close around November 13, 2026. Proceeds may fund share repurchases under its existing program, according to the company.