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TKO Group Holdings (TKO Group Holdings) EBIT : $90 Mil (TTM As of Mar. 2024)


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What is TKO Group Holdings EBIT?

TKO Group Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $-211 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $90 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. TKO Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was -6.19%. TKO Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was -93.21%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. TKO Group Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 0.80%.


TKO Group Holdings EBIT Historical Data

The historical data trend for TKO Group Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

TKO Group Holdings EBIT Chart

TKO Group Holdings Annual Data
Trend Dec20 Dec21 Dec22 Dec23
EBIT
313.77 391.64 543.12 446.48

TKO Group Holdings Quarterly Data
Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 145.75 143.34 93.14 64.25 -210.62

Competitive Comparison of TKO Group Holdings's EBIT

For the Entertainment subindustry, TKO Group Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


TKO Group Holdings's EV-to-EBIT Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TKO Group Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where TKO Group Holdings's EV-to-EBIT falls into.



TKO Group Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $90 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TKO Group Holdings  (NYSE:TKO) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

TKO Group Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=-841.38 * ( 1 - 9.28% )/( (12361.046 + 12302.738)/ 2 )
=-763.299936/12331.892
=-6.19 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12690.739 - 309.403 - ( 235.839 - max(0, 472.14 - 492.43+235.839))
=12361.046

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=12722.266 - 428.259 - ( 245.812 - max(0, 590.491 - 581.76+245.812))
=12302.738

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

TKO Group Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-842.464/( ( (899.633 + max(-192.4, 0)) + (908.022 + max(-232.386, 0)) )/ 2 )
=-842.464/( ( 899.633 + 908.022 )/ 2 )
=-842.464/903.8275
=-93.21 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(135.436 + 0 + 109.556) - (309.403 + 118.992 + 8.997)
=-192.4

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(171.555 + 0 + 148.376) - (428.259 + 111.782 + 12.276)
=-232.386

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

TKO Group Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=90.11/11283.636
=0.80 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


TKO Group Holdings EBIT Related Terms

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TKO Group Holdings (TKO Group Holdings) Business Description

Traded in Other Exchanges
N/A
Address
200 fifth Avenue, 7th Floor, New York, NY, USA, 10010
TKO Group Holdings Inc is a premium sports and entertainment company that comprises UFC, the world's premier mixed martial arts organization, and WWE, an integrated media organization and the recognized global leader in sports entertainment.
Executives
Mark S Shapiro director, officer: See Remarks C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147
Ariel Emanuel director, 10 percent owner, officer: Chief Executive Officer C/O SOURCE INTERLINK COMPANIES, INC., 27500 RIVERVIEW CENTER BLVD, SUITE 400, BONITA SPRINGS FL 34134
Jonathan Kraft director C/O ENDEAVOR GROUP HOLDINGS, INC., 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210
Carrie Wheeler director 500 VOLVO PARKWAY, CHESAPEAKE VA 23320
Steven R Koonin director 625 WESTPORT PARKWAY, GRAPEVINE TX 76051
Vincent K Mcmahon director, 10 percent owner C/O WORLD WRESTLING ENTERTAINMENT INC, 1241 EAST MAIN STREET, STAMFORD CT 06902
Sonya E Medina director P.O. BOX 99900, LOUISVILLE KY 40269
Shane Kapral officer: Chief Accounting Officer C/O ENDEAVOR GROUP HOLDINGS, INC., 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210
Endeavor Group Holdings, Inc. 10 percent owner 9601 WILSHIRE BOULEVARD, 3RD FLOOR, BEVERLY HILLS CA 90210
Silver Lake West Voteco, L.l.c. 10 percent owner C/O SILVER LAKE, 2775 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake West Holdco, L.p. 10 percent owner C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Silver Lake West Holdco Ii, L.p. 10 percent owner C/O SILVER LAKE, 2776 SAND HILL ROAD, SUITE 100, MENLO PARK CA 94025
Nick Khan director 1241 EAST MAIN STREET, STAMFORD CT 06902
Patrick Whitesell 10 percent owner 11601 WILSHIRE BOULEVARD, SUITE 1600, LOS ANGELES CA 90025
Bynoe Peter C B director 203 NORTH LASALLE STREET, SUITE 1900, CHICAGO IL 60601