Companies TKO Group Holdings, Inc.

TKO (TKO): executive pay, fiscal 2025

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CEO total pay$67,361,782CEO Ariel Emanuel · source

Say-on-pay support71.25%Latest vote · source

CEO vs. named peers83rd pct.Of 14 peer CEOs

CEO pay ratio813:1To the median employee · source

CEO pay, last three years

$64,912,560FY2023
$18,129,271FY2024
$67,361,782FY2025

CEO total pay was $67,361,782 in fiscal 2025, up from $18,129,271 in fiscal 2024.

FY2025: salary $3,000,000 · bonus $11,880,000 · stock awards $43,982,679 · option awards $0

Executives and directors

Ariel Emanuel · CEO Andrew Schleimer · CFO Mark Shapiro · President Seth Krauss · Executive

Frequently asked questions

Who was the highest-paid executive at TKO Group Holdings, Inc. in fiscal 2025?

As disclosed, Ariel Emanuel (Executive Chair and Chief Executive Officer) was the highest-paid executive at TKO Group Holdings, Inc. in fiscal 2025, with total compensation of $67,361,782.

How does TKO Group Holdings, Inc.'s chief executive pay compare to its disclosed peer group?

As disclosed, Ariel Emanuel's total compensation ranked at the 83rd percentile of TKO Group Holdings, Inc.'s disclosed peer group.

What is TKO Group Holdings, Inc.'s CEO-to-median employee pay ratio?

As disclosed, TKO Group Holdings, Inc.'s CEO-to-median employee pay ratio was 813:1.

How did shareholders vote on TKO Group Holdings, Inc.'s executive compensation?

As disclosed, 71.25% of shareholders supported TKO Group Holdings, Inc.'s executive compensation in the latest say-on-pay vote.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

Full detail

Every table from the filing. Open any section.

Summary compensation table

Named executive officer	Salary	Bonus	Stock awards	Option awards	Non-equity incentive	Pension / NQDC	All other	Total
Ariel Emanuel	$3,000,000	$11,880,000	$43,982,679	$0	$8,120,000	$0	$379,103	$67,361,782
Executive Chair and Chief Executive Officer
Mark Shapiro	4,000,000	12,500,000	25,846,781	0	0	0	297,565	42,644,346
President and Chief Operating Officer
Andrew Schleimer	2,000,000	7,000,000	14,128,964	0	0	0	10,460	23,139,424
Chief Financial Officer
Seth Krauss	2,000,000	4,000,000	3,959,340	0	0	0	11,263	9,970,603
Chief Administrative Officer and Senior Counsel to the Board of Directors and Senior Management

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officer	FY2025 total	FY2024 total	FY2023 total	Δ FY2024→2025
Ariel Emanuel	$67,361,782	$18,129,271	$64,912,560	↑ +49,232,511
Mark Shapiro	42,644,346	31,964,172	16,083,330	↑ +10,680,174
Andrew Schleimer	23,139,424	7,758,446	8,765,262	↑ +15,380,978
Seth Krauss	9,970,603	9,881,036	457,092	↑ +89,567

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation structure is intended to promote a pay-for-performance approach and includes elements designed to align the interests of our named executive officers with those of our stockholders, motivate our named executive officers to achieve or exceed our targeted financial and strategic performance objectives and reward them for their achievements when those objectives are met.

CEO STI target (% of salary)	233%
CEO LTI target (% of salary)	—
Independent consultant	Pay Governance
Clawback policy	True
Anti-hedging	True
Anti-pledging	True

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

Executive	Award	Grant date	Threshold	Target	Granted	Maximum	Grant-date fair value
Andrew Schleimer	RSU	2025-08-17	—	—	35,506	—	$6,705,308
Seth Krauss	RSU	2025-01-16	—	—	27,922	—	3,959,340
Andrew Schleimer	RSU	2025-01-16	—	—	52,353	—	7,423,655
Mark Shapiro	RSU	2025-08-17	—	—	73,969	—	13,969,046
Ariel Emanuel	RSU	2025-01-16	—	—	191,959	—	27,219,786
Mark Shapiro	RSU	2025-01-16	—	—	83,764	—	11,877,735
Ariel Emanuel	RSU	2025-08-17	—	—	88,763	—	16,762,893

Vehicle mix — grant-date fair value by award type

Named executive officer	Time-vested (RSU)	Performance-vested (PSU)	Options / SARs	% performance-vested
Andrew Schleimer	$14,128,963	$0	$0	0.0%
Seth Krauss	3,959,340	0	0	0.0%
Mark Shapiro	25,846,781	0	0	0.0%
Ariel Emanuel	43,982,679	0	0	0.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Seth Krauss	RSU	9,418	—	$1,968,362
Andrew Schleimer	RSU	11,667	—	2,438,403
Andrew Schleimer	RSU	12,415	—	2,594,735
Ariel Emanuel	RSU	19,376	—	4,049,584
Seth Krauss	RSU	19,555	—	4,086,995
Seth Krauss	RSU	27,922	—	5,835,698
Andrew Schleimer	RSU	35,506	—	7,420,754
Andrew Schleimer	RSU	52,353	—	10,941,777
Mark Shapiro	RSU	73,969	—	15,459,521
Mark Shapiro	RSU	83,764	—	17,506,676
Ariel Emanuel	RSU	88,763	—	18,551,467
Mark Shapiro	RSU	126,375	—	26,412,375
Ariel Emanuel	RSU	191,959	—	40,119,431
Ariel Emanuel	RSU	194,082	—	40,563,138

Director compensation

No director compensation table is on file for fiscal year 2025.

Board fee structure and ownership guideline

Annual cash retainer	$107,000
Annual equity retainer	$200,000
Per board meeting fee	$2,500
Committee chair fees (audit / comp / nom-gov)	19,000 / 20,000 / 15,000
Stock ownership guideline	$5

Peer group, and who names TKO as a peer

Companies that benchmark against TKO

7 companies name TKO as a compensation peer

AMC Global Media Inc.AMCXFY2025
Paramount GlobalPARAFY2024
Paramount GlobalVIACFY2024
STARZ ENTERTAINMENT CORP /CN/STRZFY2025
TAKE TWO INTERACTIVE SOFTWARE INCTTWOFY2026
Warner Music Group Corp.WMGFY2024

Each company listed discloses TKO in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TKO in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

TTWO Take-Two Interactive Software, Inc.CHDN Churchill Downs IncorporatedDKNG DraftKings Inc.EA Electronic Arts Inc.FOXA Fox CorporationLMCA Liberty Media CorporationLGF.A Lions Gate Entertainment Corp.LYV Live Nation Entertainment, Inc.MSGS Madison Square Garden Sports Corp.PARA Paramount GlobalROKU Roku, Inc.SIRI Sirius XM Holdings Inc.WBD Warner Bros. Discovery, Inc.WMG Warner Music Group Corp.

Peer reciprocity

Of the companies TKO Group Holdings, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

✓ Take-Two Interactive Software, Inc. (TTWO)²⁹— Churchill Downs Incorporated (CHDN)³⁰— DraftKings Inc. (DKNG)³¹— Electronic Arts Inc. (EA)³²— Fox Corporation (FOXA)³³ Liberty Media Corporation (LMCA) Lions Gate Entertainment Corp. (LGF.A)— Live Nation Entertainment, Inc. (LYV)³⁴ Madison Square Garden Sports Corp. (MSGS)✓ Paramount Global (PARA)³⁵— Roku, Inc. (ROKU)³⁶— Sirius XM Holdings Inc. (SIRI)³⁷— Warner Bros. Discovery, Inc. (WBD)³⁸✓ Warner Music Group Corp. (WMG)³⁹

Reciprocity shown where the peer’s own current proxy has been read — each mark is cited in the register to that peer’s filing. A dash means the peer’s current proxy was read and names no reciprocal group including TKO Group Holdings, Inc..

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company’s own proxy statement.

Rank	Company	FY	Chief executive	Salary	Stock awards	Option awards	Non-equity incentive	Total
1	Warner Bros. Discovery, Inc.	2025	David Zaslav	$3,000,000	$22,597,744	$109,593,181	$25,726,018	$165,009,366
2	TKO Group Holdings, Inc.	2025	Ariel Emanuel	3,000,000	43,982,679	0	8,120,000	67,361,782
3	Live Nation Entertainment, Inc.	2025	Michael Rapino	3,000,000	10,000,368	0	17,372,522	32,552,324
4	Fox Corporation	2026	Lachlan Murdoch	3,000,000	8,678,255	2,750,000	11,400,000	31,019,117
5	Electronic Arts Inc.	2025	Andrew Wilson	1,300,000	25,710,910	0	2,840,067	30,529,835
6	Roku, Inc.	2025	Anthony Wood	1,000,000	12,702,990	12,832,220	0	26,565,120
7	DraftKings Inc.	2025	Jason Robins	1	19,203,672	0	0	22,621,941
8	Churchill Downs Incorporated	2025	William Carstanjen	1,800,000	11,443,380	0	5,763,331	19,172,839
9	Warner Music Group Corp.	2025	Robert Kyncl	2,000,000	10,675,719	0	0	15,909,250
10	Madison Square Garden Sports Corp.	2026	James Dolan	1,600,000	7,679,576	0	1,820,160	13,035,213
11	Sirius XM Holdings Inc.	2025	Jennifer Witz	2,000,000	0	0	6,000,000	8,012,795
12	Paramount Global	2025	Joseph Davy	350,000	375,700	0	125,000	859,137
13	Take-Two Interactive Software, Inc.	2026	Strauss Zelnick	1	0	0	0	403,019
—	Liberty Media Corporation	—	—	—	—	—	—	not in coverage universe
—	Lions Gate Entertainment Corp.	—	—	—	—	—	—	not in coverage universe

Each peer’s compensation is from its most recently filed proxy; fiscal years differ by company. Each peer’s figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
TKO Group Holdings, Inc.	not disclosed	RSU 100	not disclosed	Pay Governance
Churchill Downs Incorporated	128.0%	PSU 50 · RSU 50	No	Frederic W. Cook & Co., Inc.
DraftKings Inc.	not disclosed	RSU 50 · PSU 50	No	Frederic W. Cook & Co., Inc.
Electronic Arts Inc.	91.7%	PSU 60 · RSU 40	Yes — Absolute TSR	Semler Brossy
Fox Corporation	not disclosed	RSU 50 · PSU 25 · Options 25	Yes — The Company’s three-year total stockholder return as measured against the three-year total stockholder return of the companies that comprise the Standard & Poor’s 500 Index (“Relative TSR”)	FW Cook
Liberty Media Corporation	not disclosed	not disclosed	not disclosed	not disclosed
Lions Gate Entertainment Corp.	not disclosed	PSU 70 · RSU 30	not disclosed	Pay Governance
Live Nation Entertainment, Inc.	102%	not disclosed	No	The Croner Company
Madison Square Garden Sports Corp.	100%	PSU 50 · RSU 50	No	ClearBridge Compensation Group LLC
Paramount Global	not disclosed	not disclosed	not disclosed	not disclosed
Roku, Inc.	not disclosed	Options 50 · RSU 50	not disclosed	Compensia
Sirius XM Holdings Inc.	102%	not disclosed	No	Meridian Compensation Partners, LLC
Take-Two Interactive Software, Inc.	152.4%	PSU 67 · RSU 33	Yes — Relative TSR	Frederic W. Cook & Co., Inc.
Warner Bros. Discovery, Inc.	116.9%	PSU 100	No	Pay Governance
Warner Music Group Corp.	107%	RSU 68 · PSU 32	No	Frederic W. Cook & Co.

Read from each company’s Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company’s filing does not state the item.

Say-on-pay history and pay ratio

Meeting year	Meeting date	For	Against	Abstain	Support	Outcome
2024	2024-06-12	110,000,339	44,388,047	145,175	71.25%	Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year’s compensation.

Say-on-pay — history, company’s computation

Meeting year	Meeting date	Approval — company’s computation
2024	2024-06-12	71.25%^a

a. Approved under the standard stated in the filing — “7 Table of Contents (2) Votes marked as an "Abstention" and broker non-votes are not considered votes cast and will, therefore, not affect the outcome of this proposal.”.

Approval percentages are the company’s own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

CEO pay ratio

Ratio (CEO : median employee)	813 : 1
CEO total compensation	$67,361,782
Median employee compensation	$82,428

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (39 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, Ariel Emanuel. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 67,361,782. View filing ↗
Section 01, Mark Shapiro. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 42,644,346. View filing ↗
Section 01, Andrew Schleimer. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 23,139,424. View filing ↗
Section 01, Seth Krauss. DEF 14A, filed 2026-04-23. Section “Summary Compensation Table” · page 41. As printed: 9,970,603. View filing ↗
Section 03, Andrew Schleimer RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Seth Krauss RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Andrew Schleimer RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Mark Shapiro RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Ariel Emanuel RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Mark Shapiro RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 03, Ariel Emanuel RSU. DEF 14A, filed 2026-04-23. Section “Grants of Plan-Based Awards for Fiscal Year 2025” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-23. Section “CEO Pay Ratio”. As printed: 813 : 1. View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-06-14. Item 5.07 · say-on-pay result. As reported: 71.25% (votes for as printed: 110,000,339). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
Section 03b vehicle mix (computed). Computed. RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).
Warner Bros. Discovery, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in Warner Bros. Discovery, Inc.'s own proxy. As printed: 165,009,366. View filing ↗
TKO Group Holdings, Inc. (subject), Section 10b CEO total. DEF 14A, filed 2026-04-23. CEO total compensation as printed in TKO Group Holdings, Inc.'s own proxy. As printed: 67,361,782. View filing ↗
Live Nation Entertainment, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Live Nation Entertainment, Inc.'s own proxy. As printed: 32,552,324. View filing ↗
Fox Corporation, Section 10b CEO total. DEF 14A, filed 2026-09-17. CEO total compensation as printed in Fox Corporation's own proxy. As printed: 31,019,117. View filing ↗
Electronic Arts Inc., Section 10b CEO total. DEF 14A, filed 2025-06-24. CEO total compensation as printed in Electronic Arts Inc.'s own proxy. As printed: 30,529,835. View filing ↗
Roku, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-24. CEO total compensation as printed in Roku, Inc.'s own proxy. As printed: 26,565,120. View filing ↗
DraftKings Inc., Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in DraftKings Inc.'s own proxy. As printed: 22,621,941. View filing ↗
Churchill Downs Incorporated, Section 10b CEO total. DEF 14A, filed 2026-03-12. CEO total compensation as printed in Churchill Downs Incorporated's own proxy. As printed: 19,172,839. View filing ↗
Warner Music Group Corp., Section 10b CEO total. DEF 14A, filed 2026-01-20. CEO total compensation as printed in Warner Music Group Corp.'s own proxy. As printed: 15,909,250. View filing ↗
Madison Square Garden Sports Corp., Section 10b CEO total. DEF 14A, filed 2026-10-27. CEO total compensation as printed in Madison Square Garden Sports Corp.'s own proxy. As printed: 13,035,213. View filing ↗
Sirius XM Holdings Inc., Section 10b CEO total. DEF 14A, filed 2026-04-10. CEO total compensation as printed in Sirius XM Holdings Inc.'s own proxy. As printed: 8,012,795. View filing ↗
Paramount Global, Section 10b CEO total. 10-K, filed 2026-03-31. CEO total compensation as printed in Paramount Global's own proxy. As printed: 859,137. View filing ↗
Take-Two Interactive Software, Inc., Section 10b CEO total. DEF 14A, filed 2026-07-27. CEO total compensation as printed in Take-Two Interactive Software, Inc.'s own proxy. As printed: 403,019. View filing ↗
Section 10a, Take-Two Interactive Software, Inc. reciprocity. DEF 14A. Take-Two Interactive Software, Inc. names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Churchill Downs Incorporated reciprocity. DEF 14A. Churchill Downs Incorporated's most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, DraftKings Inc. reciprocity. DEF 14A. DraftKings Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Electronic Arts Inc. reciprocity. DEF 14A. Electronic Arts Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Fox Corporation reciprocity. DEF 14A. Fox Corporation's most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Live Nation Entertainment, Inc. reciprocity. DEF 14A. Live Nation Entertainment, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Paramount Global reciprocity. DEF 14A. Paramount Global names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗
Section 10a, Roku, Inc. reciprocity. DEF 14A. Roku, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Sirius XM Holdings Inc. reciprocity. DEF 14A. Sirius XM Holdings Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Warner Bros. Discovery, Inc. reciprocity. DEF 14A. Warner Bros. Discovery, Inc.'s most recent proxy was read; its disclosed peer group does not include TKO Group Holdings, Inc.. View filing ↗
Section 10a, Warner Music Group Corp. reciprocity. DEF 14A. Warner Music Group Corp. names TKO Group Holdings, Inc. in its own disclosed peer group (read from its most recent proxy). View filing ↗