TKO to repurchase $1 billion of its own stock
TKO has announced plans to repurchase $1 billion worth of its own stock.
In a press release on Monday, the company said it has entered into an accelerated share repurchase agreement with Morgan Stanley & Co. LLC for $800 million. TKO will receive an initial 3,161,430 shares of Class A common stock on September 16, with the final total being based on the stock’s average trading price. The transaction is expected to be completed in December.
After that, TKO will begin repurchasing up to $174 million in stock under a 10b5-1 trading plan, gradually buying shares from the open market.
The company also disclosed that it repurchased approximately $26 million worth of stock in a privately negotiated transaction on September 5. The seller was not identified.
TKO has taken out $1 billion in a first lien term loan to fund the transactions.
“This plan to repurchase $1 billion in shares reflects our conviction in the business and the intrinsic value of our stock,” said Mark Shapiro, President and COO, TKO. “The repurchases, together with the recent 100% increase to our quarterly cash dividend program, reflect our continued commitment to a robust and sustainable capital return program. We remain focused on executing our balanced capital deployment strategy to deliver long-term value for our shareholders.”
The dividend program Shapiro mentions above refers to an increase to its quarterly cash dividend program announced earlier this month. Shareholders now receive $0.76 every three months for each share in the company they own, up from the previous rate of $0.38.
Shares of the company are listed at $202.44 as of the morning of Monday, September 15, 2025.
Ian Carey is a writer from Toronto, Ontario, Canada, whose work has been featured in NOW Magazine, The Huffington Post, and more. A lifelong wrestling aficionado born in Calgary, Alberta, Canada, he has covered the industry for a decade and a half. He joined the f4wonline.com team in 2019.