TKO Group Holdings, Inc.

Return of Capital Program

The Company announced that its board of directors has authorized up to an additional $1.0 billion of repurchases of its outstanding Class A common stock. This authorization is incremental to its previously announced $2.0 billion share repurchase program. The Company will determine at its discretion the timing and the amount of any repurchases based on its evaluation of market conditions, share price, and other factors. The share repurchase program has no expiration and may be modified, suspended, or discontinued at any time.

From January 1, 2026 through February 26, 2026, the Company repurchased 187,819 shares for approximately $38.3 million. These share repurchases were made pursuant to a 10b5-1 trading plan entered into in September 2025, which expired on February 26, 2026.

As previously disclosed, on March 10, 2026, the Company entered into an accelerated share repurchase agreement (the “ASR Agreement”) to repurchase $800 million of its outstanding Class A common stock. Under the ASR Agreement, the Company paid $800 million on March 11, 2026 and received an initial delivery of approximately 3.1 million shares of Class A common stock. Transactions under the ASR Agreement are expected to be completed in the second quarter of 2026. The Company also announced that it entered into a 10b5-1 trading plan for the repurchase of up to $200 million of its outstanding Class A common stock (the “10b5-1 Plan”). Repurchases contemplated under the 10b5-1 Plan are to commence immediately once transactions under the ASR Agreement are completed.

On March 31, 2026, the Company paid a quarterly cash dividend to the holders of the Company’s Class A common stock based on their pro rata share of an aggregate distribution of approximately $150 million, or $0.78 per share, from TKO Operating Company, LLC.