Seeking AlphaCodex · 实盘不做把握 4/10
北京时间·🕒 发布 04:20:49时区推断·⟳ 抓取 04:20:53·⚡ 决策 08-04 12:41:08 +8h20m·84.6 天前
TKO二季度调整后EBITDA同比增长23%至6.499亿美元但自由现金流下降
调整后EBITDA增长23%至6.499亿美元，UFC、WWE和IMG分部均贡献增长。
📄 原文Seeking Alpha↗ 原文
TKO Group Holdings reports Q2 results
Adjusted EBITDA1 increased 23%, or $123.4 million, to $649.9 million, due primarily to an increase of $35.6 million at…
不做 TKO Group Holdings（TKO.US）
经营数据偏正面但属于常规财报披露，未看到强于预期的新增指引或市值级催化，不做。
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研究档案
🔎 新鲜度:最早出现 2026-08-03 · 扩散 low · price-in 风险 medium ↗
关键理由
- 调整后EBITDA增长23%至6.499亿美元，UFC、WWE和IMG分部均贡献增长。
- 调整后EBITDA率由40%升至42%，经营利润率改善。
主要风险
- 自由现金流从3.749亿美元降至3.496亿美元，且未给出明显超预期指引或资本回报增量。
工具调用 · 历史记录,结果未知(2 种)
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原文全文
展开原文 · 1,007 字
Adjusted EBITDA1 increased 23%, or $123.4 million, to $649.9 million, due primarily to an increase of $35.6 million at UFC, an increase of $38.5 million at WWE, and an increase of $49.6 million at the IMG segment.
Adjusted EBITDA margin increased to 42% from 40%.
Cash flows generated by operating activities were $374.0 million, a decrease of $22.2 million from $396.2 million, primarily due to the timing of working capital, partially offset by the improved operating performance. Working capital for the three months ended June 30, 2026 and June 30, 2025 included approximately $22.4 million and $164.8 million, respectively, of net pre-payments held in escrow related to FIFA World Cup 2026.
Free Cash Flow3 was $349.6 million, a decrease of $25.3 million from $374.9 million, due to the decrease in cash flows generated by operating activities and an increase in capital expenditures.
Cash and cash equivalents were $592.5 million as of June 30, 2026. Gross debt was $4.659 billion as of June 30, 2026.
Adjusted EBITDA margin increased to 42% from 40%.
Cash flows generated by operating activities were $374.0 million, a decrease of $22.2 million from $396.2 million, primarily due to the timing of working capital, partially offset by the improved operating performance. Working capital for the three months ended June 30, 2026 and June 30, 2025 included approximately $22.4 million and $164.8 million, respectively, of net pre-payments held in escrow related to FIFA World Cup 2026.
Free Cash Flow3 was $349.6 million, a decrease of $25.3 million from $374.9 million, due to the decrease in cash flows generated by operating activities and an increase in capital expenditures.
Cash and cash equivalents were $592.5 million as of June 30, 2026. Gross debt was $4.659 billion as of June 30, 2026.
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