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Benchmark sees ‘significant near-term headwinds’ for TKO Group

Benchmark sees ‘significant near-term headwinds’ for TKO Group

Benchmark argues that the pullback in TKO Group (TKO) shares is “warranted” given the company’s “weak” 2025 outlook, rising costs, and uncertain UFC media rights renewal, all of which the firm sees creating “significant near-term headwinds.” Sponsorship and site fees provide some support, but WWE’s transitional year and shifting revenue recognition “add further risk,” according to the analyst, who keeps a Hold rating on TKO shares.

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