TKO Group Holdings, Inc. is a sports and sports entertainment company that operates leading combat sports and entertainment businesses. It owns and manages valuable sports and entertainment intellectual property and monetizes its portfolio through four primary activities: media rights, production and content; live events and hospitality; partnerships and marketing; and consumer products licensing. The company has two reportable segments, UFC and WWE, with the majority of revenue generated by UFC. UFC segment revenue includes media rights fees from the distribution of programming content, as well as ticket sales and site fees tied to the company’s international live events.