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Side-by-side financial comparison of TKO Group Holdings (TKO) and Take-Two Interactive (TTWO). Click either name above to swap in a different company.
Take-Two Interactive is the larger business by last-quarter revenue ($1.7B vs $1.0B, roughly 1.6× TKO Group Holdings). TKO Group Holdings runs the higher net margin — -0.2% vs -5.5%, a 5.2% gap on every dollar of revenue. On growth, TKO Group Holdings posted the faster year-over-year revenue change (61.6% vs 24.9%). Over the past eight quarters, TKO Group Holdings's revenue compounded faster (28.4% CAGR vs 10.2%).
TKO Group Holdings, Inc. (TKO) is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffa—the parent company of the Ultimate Fighting Championship (UFC), a mixed martial arts promotion—and the professional wrestling promotion World Wrestling Entertainment (WWE).
Take-Two Interactive Software, Inc. is an American video game holding company based in New York City founded by Ryan Brant in September 1993.
TKO vs TTWO — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.0B | $1.7B |
| Net Profit | $-2.4M | $-92.9M |
| Gross Margin | — | 55.7% |
| Operating Margin | 5.5% | -2.3% |
| Net Margin | -0.2% | -5.5% |
| Revenue YoY | 61.6% | 24.9% |
| Net Profit YoY | -107.7% | 25.8% |
| EPS (diluted) | $-0.07 | $-0.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.0B | $1.7B | ||
| Q3 25 | $1.1B | $1.8B | ||
| Q2 25 | $1.3B | $1.5B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $642.2M | $1.4B | ||
| Q3 24 | $681.3M | $1.4B | ||
| Q2 24 | $851.2M | $1.3B | ||
| Q1 24 | $629.7M | $1.4B |
| Q4 25 | $-2.4M | $-92.9M | ||
| Q3 25 | $41.0M | $-133.9M | ||
| Q2 25 | $98.4M | $-11.9M | ||
| Q1 25 | $58.4M | $-3.7B | ||
| Q4 24 | $31.0M | $-125.2M | ||
| Q3 24 | $23.1M | $-365.5M | ||
| Q2 24 | $59.1M | $-262.0M | ||
| Q1 24 | $-103.8M | $-2.9B |
| Q4 25 | — | 55.7% | ||
| Q3 25 | — | 55.3% | ||
| Q2 25 | — | 62.8% | ||
| Q1 25 | — | 50.8% | ||
| Q4 24 | — | 55.9% | ||
| Q3 24 | — | 53.8% | ||
| Q2 24 | — | 57.6% | ||
| Q1 24 | — | 33.5% |
| Q4 25 | 5.5% | -2.3% | ||
| Q3 25 | 15.4% | -5.5% | ||
| Q2 25 | 28.1% | 1.4% | ||
| Q1 25 | 18.7% | -238.7% | ||
| Q4 24 | 15.9% | -9.7% | ||
| Q3 24 | 20.0% | -22.0% | ||
| Q2 24 | 30.0% | -13.8% | ||
| Q1 24 | -33.4% | -193.9% |
| Q4 25 | -0.2% | -5.5% | ||
| Q3 25 | 3.7% | -7.5% | ||
| Q2 25 | 7.5% | -0.8% | ||
| Q1 25 | 4.6% | -235.5% | ||
| Q4 24 | 4.8% | -9.2% | ||
| Q3 24 | 3.4% | -27.0% | ||
| Q2 24 | 6.9% | -19.6% | ||
| Q1 24 | -16.5% | -207.4% |
| Q4 25 | $-0.07 | $-0.50 | ||
| Q3 25 | $0.47 | $-0.73 | ||
| Q2 25 | $1.17 | $-0.07 | ||
| Q1 25 | $0.69 | $-21.27 | ||
| Q4 24 | $0.28 | $-0.71 | ||
| Q3 24 | $0.28 | $-2.08 | ||
| Q2 24 | $0.72 | $-1.52 | ||
| Q1 24 | $-1.26 | $-17.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.1M | $2.4B |
| Total DebtLower is stronger | $3.8B | — |
| Stockholders' EquityBook value | $3.7B | $3.5B |
| Total Assets | $15.5B | $10.0B |
| Debt / EquityLower = less leverage | 1.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.1M | $2.4B | ||
| Q3 25 | $861.4M | $2.1B | ||
| Q2 25 | $535.1M | $2.0B | ||
| Q1 25 | $470.9M | $1.5B | ||
| Q4 24 | $525.6M | $1.2B | ||
| Q3 24 | $457.4M | $879.6M | ||
| Q2 24 | $277.5M | $1.1B | ||
| Q1 24 | $245.8M | $776.0M |
| Q4 25 | $3.8B | — | ||
| Q3 25 | $3.7B | — | ||
| Q2 25 | $2.7B | — | ||
| Q1 25 | $2.8B | — | ||
| Q4 24 | $2.8B | — | ||
| Q3 24 | $2.7B | — | ||
| Q2 24 | $2.7B | — | ||
| Q1 24 | $2.7B | — |
| Q4 25 | $3.7B | $3.5B | ||
| Q3 25 | $3.8B | $3.4B | ||
| Q2 25 | $4.3B | $3.5B | ||
| Q1 25 | $4.2B | $2.1B | ||
| Q4 24 | $4.1B | $5.7B | ||
| Q3 24 | $4.0B | $5.8B | ||
| Q2 24 | $4.0B | $6.0B | ||
| Q1 24 | $4.0B | $5.7B |
| Q4 25 | $15.5B | $10.0B | ||
| Q3 25 | $15.5B | $10.1B | ||
| Q2 25 | $15.3B | $9.7B | ||
| Q1 25 | $15.0B | $9.2B | ||
| Q4 24 | $12.7B | $12.7B | ||
| Q3 24 | $12.8B | $13.1B | ||
| Q2 24 | $12.7B | $12.9B | ||
| Q1 24 | $12.7B | $12.2B |
| Q4 25 | 1.01× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.64× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.67× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.68× | — | ||
| Q1 24 | 0.68× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $309.9M | $305.2M |
| Free Cash FlowOCF − Capex | — | $236.2M |
| FCF MarginFCF / Revenue | — | 13.9% |
| Capex IntensityCapex / Revenue | — | 4.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $487.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $309.9M | $305.2M | ||
| Q3 25 | $416.8M | $128.4M | ||
| Q2 25 | $396.2M | $-44.7M | ||
| Q1 25 | $162.8M | $279.0M | ||
| Q4 24 | $56.8M | $-4.8M | ||
| Q3 24 | $236.5M | $-128.4M | ||
| Q2 24 | $230.7M | $-191.0M | ||
| Q1 24 | $59.3M | $-8.9M |
| Q4 25 | — | $236.2M | ||
| Q3 25 | — | $96.5M | ||
| Q2 25 | — | $-69.8M | ||
| Q1 25 | — | $224.9M | ||
| Q4 24 | — | $-48.2M | ||
| Q3 24 | — | $-165.2M | ||
| Q2 24 | — | $-226.1M | ||
| Q1 24 | — | $-55.1M |
| Q4 25 | — | 13.9% | ||
| Q3 25 | — | 5.4% | ||
| Q2 25 | — | -4.6% | ||
| Q1 25 | — | 14.2% | ||
| Q4 24 | — | -3.5% | ||
| Q3 24 | — | -12.2% | ||
| Q2 24 | — | -16.9% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | — | 4.1% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 1.7% | ||
| Q1 25 | — | 3.4% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | 2.7% | ||
| Q2 24 | — | 2.6% | ||
| Q1 24 | — | 3.3% |
| Q4 25 | — | — | ||
| Q3 25 | 10.16× | — | ||
| Q2 25 | 4.03× | — | ||
| Q1 25 | 2.79× | — | ||
| Q4 24 | 1.83× | — | ||
| Q3 24 | 10.22× | — | ||
| Q2 24 | 3.90× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TKO
| World Wrestling Entertainment Segment | $359.6M | 35% |
| IMG Segment | $247.6M | 24% |
| Media Rights Production And Content | $222.6M | 21% |
| Partnerships And Marketing | $93.3M | 9% |
| Live Events And Hospitality | $72.2M | 7% |
| Other | $29.4M | 3% |
| Consumer Products Licensing And Other | $13.2M | 1% |
TTWO
Segment breakdown not available.
