Markets, Cryptos and Culture
FinTech, Big Tech, Big Biz
TKO/WWE In And Out Of The Ring; Up and Down Cycle; TKO's Nick Khan Offers Positive Vibes To US Admin Re Ali Act Amendment; TKO's LinkedIn Enjoys Strong News Media Buzz; TKO News Flashback
April 28, 2026
(Sydney, Australia To Wall Street, New York)
ASX 200 futures down 61 points/0.7%: 8720
AUD 0.5% to US71.86¢
Bitcoin $77,214.14 -2.46%
Wall St:
Dow -0.1%
S&P 0.1%
Nasdaq 0.2%
VIX -0.69 to 18.02
Gold -0.6% to $US4682.08 an ounce
Brent oil 2.8% to $US108.24 a barrel
Iron ore -0.2% to $US106.45 a tonne
10-year yield: US 4.34% Australia 4.97%
Coffee 288.50 -6.40
Cocoa 3296.00 -135
Numbers Double Check
Australian Dollar: $0.7181 USD (up $0.0051 USD)
Iron Ore: $106.45 USD (down $0.60 USD)
Oil Price (West Texas): $96.72 USD (up 2.32 USD)
Gold Price : $4,682.31 USD (down $26.38 USD)
Copper Price: $6.0275 USD (down $0.0010 USD)
Dow Jones: 49,167.79 (down 62.92 points)
Shares
TKO Group Holdings Inc
$186.20 -0.30 -0.16%
Alphabet Inc Class A
$350.34 5.94 1.72%
NVIDIA Corp
$216.61
8.35 4.01%
Arafura Rare Earths Ltd
$0.36
0.017 4.93%
Amazon.com Inc
$261.07 -2.92 - 1.11%
News
Biz (Australia)
ASX ends lower; Atlas Arteria soars on bid
The Australian sharemarket lost ground on Monday, with the S&P/ASX 200 easing 0.2 per cent to close at 8,766.4 points. Origin Energy was down five per cent at $12.13 and Santos fell 1.8 per cent to end the session at $7.65. However, Atlas Arteria rose 13.4 per cent to $4.91 in response to a takeover bid, while Newmont Coporation advanced 6.8 per cent $166.16 and Megaport was up 5.1 per cent at $9.34. (RMS)
News
Google, Meta shift $11b offshore, pay just $140m in tax
Technology firms Meta and Google have come under ongoing criticism over the fact that they seem to pay very little tax on the huge amount of revenue they generate in Australia. The criticism comes in particular from companies that must compete with them, including banks and media companies, while the federal government is set to force them to enter into commercial agreements with Australian news publishers. The criticism regarding the low amount of tax that Google and Meta is not likely to go away, given the revelation that they transferred almost $11 billion to offshore entities in service fees and reseller payments over the past year, but only paid just over $140 million in tax. (RMS)
News
Elon Musk's OpenAI Trial Jury Selected in Oakland
Jury selection finished Monday in federal court in Oakland, California, for Musk's civil suit against OpenAI, Sam Altman, and Greg Brockman. Musk, who helped launch the nonprofit in 2015 with $45 million and no equity, claims its for-profit pivotânow valued at $852 billionâbetrays the original mission of open AGI for humanity's benefit. He's seeking to unwind the structure and potential $134 billion in damages, while OpenAI calls the case baseless jealousy; opening statements start Tuesday with testimony from Altman and Microsoft CEO Satya Nadella expected. The jury's findings will guide Judge Yvonne Gonzalez Rogers in a trial set to last two to four weeks. (Media Man Peg-On): Musk vs Altman. Pick'em Title, Who you got?!
News
WWE
WWE Raw Hits Laredo with Rollins-Reigns Tension and Backlash Build
Monday Night Raw airs live at 8 p.m. ET from Sames Auto Arena in Laredo, Texas, exclusively on Netflix, featuring Seth Rollins opening with words for Roman Reigns and Reigns responding to Jacob Fatu's title challenge at Backlash. Bayley and Lyra Valkyria face Roxanne Perez and Raquel Rodriguez in tag action, while Becky Lynch returns after reclaiming her Women's Intercontinental Championship at WrestleMania to address challengers. Joe Hendry performs a live concert, and fan cards highlight matches like Penta El Zero Miedo vs. Rusev, all building hype toward Backlash.
News
April 27
The crypto market has yet to satisfy sellers
Market Overview
The crypto market capitalisation rose to $2.64T in the early hours of Monday but quickly retreated to the $2.60T level that has held steady over the past five days. Bears are aggressively defending the level from which the active sell-off began in February and where local highs were also seen earlier in April. Over the past seven days, the cryptocurrency market has gained 2.8%, with Zcash ( 15%), Algorand ( 12%) and Cosmos ( 9%) leading the way, while Trump (-10%), Theta Network (-2.5%) and Polkadot (-2.3%) lagged.
The sentiment index has risen to 47, entering neutral territory and reaching its highest level since the second half of January. Since last August, the indicator has spent no more than a few consecutive days above 50, the first sign of a bear market. In the short term, approaching this level increases the risk of a fresh wave of selling. But donât rush to side with the sellers until the situation becomes clearer, as a bear market does not last forever.
Bitcoin has approached the $80K mark for the second time in the last few days, but has since experienced significant downward momentum. As it approaches this round figure, a build-up of sell orders is preventing the coin from moving further upwards. For now, we consider this situation to be temporary, as the corrective pullbacks fit within the uptrend formed at the end of March.
News Background
Bitcoin has entered a new phase amid the return of US retail investors to the market, Galaxy Digital CEO Mike Novogratz said. In his view, the combination of retail demand, institutional capital and limited supply creates the foundation for further growth.
Over a short period, sentiment among Bitcoin investors has shifted sharply â from pronounced pessimism to fear of missing out (FOMO), according to Santiment. Crypto whales have increased their holdings by more than 40,000 BTC over the past two weeks.
CryptoQuant, on the other hand, believes that Bitcoinâs recent rise above $79K was driven primarily by a short squeeze in the derivatives market, rather than sustained demand in the spot market. Large-scale short covering is making the market vulnerable.
Japanese company Metaplanet, one of the largest corporate holders of Bitcoin, has announced the issuance of $50 million in bonds to finance new purchases of the leading cryptocurrency.
The infrastructure of traditional finance and blockchains began to form a unified system in 2026, according to CoinShares. Stablecoins remain the largest segment of hybrid finance.
A quantum computer has, for the first time, cracked a 15-bit elliptic curve cryptographic key â the mathematical basis of digital signature schemes that ensure the security of Bitcoin networks and most blockchains. (FxPro)
News
Central banks are taking the initiative
⢠Expectations of signals regarding an ECB rate hike are supporting EURUSD.
⢠Miscommunication by the Bank of Japan will lead to a rise in USDJPY.
The US dollar initially rose at the start of the week, following oil prices, but quickly turned lower, losing a quarter of a per cent against a basket of major currencies since the start of the day. This week, markets are awaiting Congressâs confirmation of Kevin Warsh as Fed Chair, an acceleration in European inflation and hawkish rhetoric from the ECB. With additional support from risk appetite, as evidenced by the rally in key indices, this will be sufficient to drive euro growth.
The US Department of Justice is closing its criminal investigation into Powell, and Senator Tom Tillis is ready to back Warshâs nomination for the post of Fed Chair. With 13 of 24 Republican votes, the central bank will have a new leader by mid-May. For his part, Warsh is firmly convinced that inflation will slow in the long term, although he has also stated that he would not cut rates at Donald Trumpâs request.
With a firmer basis for the appointment of the new Fed chair, markets are beginning to price in a more dovish monetary policy stance. Bloomberg experts forecast that the Fed will cut rates twice in the next 12 months â in October 2026 and March 2027. However, the new chair could accelerate this process, which is why we are seeing increased pressure on the US dollar.
Experts surveyed by Bloomberg expect the ECB to make significant decisions as early as June. And specifically, the focus is on policy tightening. Markets could receive an early signal on rate hikes as soon as this week, helping investors prepare. Expectations of hawkish rhetoric from Christine Lagarde and divergence in monetary policy are firmly supporting the EURUSD pair. Even more so as European inflation is forecast to accelerate to 3% in April, the highest level since 2022.
The US dollar, as a safe-haven asset, is under pressure from the ongoing rally in US stock indices, which are once again capitalising on artificial intelligence. The S&P 500 and EURUSD are finding support as investors gradually grow accustomed to the geopolitical conflict in the Middle East and believe a continuation of the ceasefire is more likely than escalation. (FxPro)
News
WWE/Pop Culture
Paul Heyman Praises Lil Yachty Amid WWE Celebrity Backlash
On SmackDown, Yachty celebrated new U.S. Champion Trick Williams' WrestleMania 42 victory over Sami Zayn, but Zayn ambushed them unmasked as a Gingerbread Man with a Helluva Kick. Paul Heyman endorsed Yachty as a respectful crossover star who honors WWE's history and fans, countering backlash from viewers upset over recent talent cuts like Aleister Black and Karrion Kross. While some fans call it unwanted filler, others praise the fun energy as WWE balances celebrities with homegrown stories ahead of Backlash. (Media Man Peg-On): We're going with Heyman on this. Yachty is great and over with the audience for the most part.
News
UFC/MMA
(Australia)
UFC Fight Night in Perth Features Main Event Between Jack Della Maddalena and Carlos Prates
UFC Fight Night is set for Perth, Western Australia, headlined by a welterweight bout between top-ranked fighters Jack Della Maddalena and Carlos Prates. The event, promoted as UFC Perth, airs live on Paramount Plus. (Media Man Peg-On): On paper this Fight Night down under should be stronger/better than some of their previous fight nights are far as match quality.
News
Pop Culture/WWE
Adam Pearce Hypes Stacked WWE Raw in Laredo Tomorrow
WWE Raw hits Sames Auto Arena in Laredo, Texas, tomorrow at 8 p.m. ET exclusively on Netflix, building hype for Backlash with Seth Rollins opening in promo, Becky Lynch returning as three-time Women's Intercontinental Champion, Joe Hendry's first Raw concert, Penta El Zero Miedo vs. Rusev grudge match, Bayley and Lyra Valkyria vs. Roxanne Perez and Raquel Rodriguez, and Roman Reigns responding to Jacob Fatu's title challenge. Pearce teased the action in a fun video, but fans voice frustrations over Kairi Sane's absence and repeated women's tag bouts. Local buzz mentions possible CM Punk spots, though unconfirmed. (Media Man Peg-On): Always pumped for WWE RAW. Fresh meat, men and women, comig in from NXT. Let's F'N Go! Red turns to green baby!
News
Pop Culture/Lucha Libre
AAA Announces New General Manager Reveal on May 23
On the April 25 episode of AAA on Fox, President Marisela PeĂąa announced that Lucha Libre AAA Worldwide will get a new General Manager, with the live reveal set for May 23 in Mexico City. This follows her son Dorian RoldĂĄn's recent plea for the role, which she decided to open to other candidates after careful thought. Fans are speculating on names like Zelina Vega, Rey Mysterio, or even The Undertaker, amid AAA's growth since WWE's majority stake acquisition last April and its new Fox broadcasts blending lucha action with WWE polish. (Media Man Peg-On): Ariba. Triple A has massive influence from The Undertaker, and it's paying off as far as entertainment value for fans and in other creative and business ways from what we see and hear. Can see see Danhausen in Triple H also? Lucha Hausen!
News
Gunman Tries to Breach Security at White House Correspondents' Dinner, Trump Escapes Unharmed
A 31-year-old man from California, Cole Tomas Allen, rushed a security checkpoint at the annual black-tie event, armed with a handgun, shotgun, and knives; he left a manifesto targeting Trump. One Secret Service agent was hit in his bulletproof vest but not seriously injured, and no other casualties occurred. Trump praised the agents as heroes and renewed calls for a secure White House ballroom, while bipartisan leaders condemned the violence amid criticism of event security lapses. (Media Man Peg-On): Talk about a high risk occupation, and we thought Army and journalism was a tough gig!
News Lead Up
April 23
(Wall St, New York) : April 24 (Sydney, Australia)
UFC - MMA Building Stars Again
New York Kind Of Feeling
US Stocks - Black Friday - Black-ish Thursday into Friday
Post WrestleMania; Road To WWE Backlash 2026
WWE Management And Wrestlers Bullish; Wrestling and Boxing
Sports Biz Event Tickets And Merch Drive
Danhausen Lifts WWE Merch Hausen
Traditional Big Tech Sector Takes Big Hit April 23
Media Man Group Weekly Series
News Lead Up
ASX 200 futures down 4 points: 0.1% to 8828
AUD -0.4% to US71.30¢
Bitcoin $78,168.22 0.52%
Dogecoin $0.09776 2.24%
Ripple aka XRP $1.4374 1.48%
Wall St:
Dow -0.4%
S&P -0.4%
Nasdaq -0.9%
VIX 0.39 to 19.31
Gold -1% to $US4694.14 an ounce
Brent oil 4.5% to $US106.44 a barrel
Iron ore -0.6% to $US106.65 a tonne
10-year yield: US 4.32% Australia 5.00%
News
News Flashback
November 2025
Polymarket Partnership Could Be a Game Changer for TKO Group Holdings (TKO)
Nov 17
(In Case You Missed It)
Polymarket/UFC/TKO
Polymarket recently announced a multi-year partnership making it the Official and Exclusive Prediction Market Partner for UFC and Zuffa Boxing, introducing real-time fan prediction metrics directly into UFC broadcasts and social media experiences.
This collaboration marks the first time major sports organizations have integrated prediction market technology into the live fan experience, creating new ways for audiences to interact and for TKO's sports brands to differentiate themselves.
We'll explore how this innovative fan engagement initiative could strengthen TKO Group Holdings' investment narrative by deepening audience connection and content value.
What Is TKO Group Holdings' Investment Narrative?
To see the value in TKO Group Holdings as a shareholder, you really have to believe in its ability to keep building out top sports entertainment brands like UFC and WWE into global, multi-platform franchises. A lot of the story is about continuing to grow earnings and revenue faster than the overall market, attract loyal audiences, and evolve with changes in media rights, streaming, and digital fan engagement. Recent announcements, such as the multi-year partnership with Polymarket, reflect TKOâs push to unlock new monetization avenues and deepen fan involvement.
However, itâs unlikely this news will materially change the core short-term catalysts, which are still dominated by performance in key international deals, broadcast partnerships, and the rollout of new events. The biggest risks remain legal challenges, compression of media rights value, and questions about board experience. The new fan engagement efforts add differentiation, but donât directly reduce these core risks for now. On the flip side, investors should pay close attention to ongoing legal proceedings against TKO and UFC.
TKO Group Holdings' shares have been on the rise but are still potentially undervalued by 15%.
Ten retail investors in the Simply Wall St Community produced fair value estimates for TKO ranging from US$63.92 to a very large US$37,618.47. While community views can be widely split, ongoing legal challenges remain a topic several market participants keep circling back to as a concern for TKOâs future performance. Explore these diverse perspectives and see how the risks and opportunities stack up.
Historical Data and Intel
TKO Group: News
September 13, 2025
Jones Financial Companies Lllp Acquires 77,883 Shares of TKO Group Holdings, Inc.
$TKO
Jones Financial Companies Lllp significantly increased its stake in TKO Group Holdings by 149,775%, now owning 77,935 shares valued at approximately $11.9 million.
Several institutional investors, including Vanguard and Invesco, have also raised their stakes in TKO Group, indicating a strong interest in the company, which is now 89.79% owned by institutional investors.
TKO Group recently declared an increased quarterly dividend of $0.76, up from $0.38, reflecting a strong return for investors despite a high dividend payout ratio of 125.62%.
Jones Financial Companies Lllp increased its position in shares of TKO Group Holdings, Inc. by 149,775.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,935 shares of the company's stock after acquiring an additional 77,883 shares during the period. Jones Financial Companies Lllp's holdings in TKO Group were worth $11,909,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Hemington Wealth Management grew its stake in TKO Group by 425.0% during the 1st quarter. Hemington Wealth Management now owns 168 shares of the company's stock worth $25,000 after buying an additional 136 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in TKO Group during the first quarter worth $26,000. Sentry Investment Management LLC acquired a new position in TKO Group during the first quarter worth $25,000. Bartlett & CO. Wealth Management LLC acquired a new position in shares of TKO Group in the first quarter worth $27,000. Finally, Farther Finance Advisors LLC raised its holdings in shares of TKO Group by 129.8% in the first quarter. Farther Finance Advisors LLC now owns 216 shares of the company's stock worth $33,000 after acquiring an additional 122 shares during the last quarter. Institutional investors and hedge funds own 89.79% of the company's stock.
News Flashback
Insider Buying and Selling at TKO Group
In related news, Director Nick Khan sold 45,168 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $170.82, for a total value of $7,715,597.76. Following the completion of the sale, the director owned 156,494 shares in the company, valued at $26,732,305.08. This represents a 22.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission. Over the last 90 days, insiders sold 73,725 shares of company stock valued at $12,767,807. Corporate insiders own 61.30% of the company's stock.
Wall Street Analyst Weigh In
TKO has been the subject of a number of recent analyst reports. Baird R W raised TKO Group to a "strong-buy" rating in a research report on Friday, September 5th. Zacks Research upgraded TKO Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 2nd. Bank of America upped their target price on TKO Group from $200.00 to $210.00 and gave the company a "buy" rating in a report on Tuesday, August 12th. Robert W. Baird began coverage on TKO Group in a report on Friday, September 5th. They set an "outperform" rating and a $225.00 target price for the company. Finally, Roth Capital raised their target price on TKO Group from $208.00 to $210.00 and gave the company a "buy" rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $192.21.
TKO Group Stock Up 0.0%
Shares of NYSE:TKO traded up $0.09 during midday trading on Friday, hitting $202.33. 897,072 shares of the stock were exchanged, compared to its average volume of 683,611. TKO Group Holdings, Inc. has a 52-week low of $114.01 and a 52-week high of $204.10. The business's fifty day simple moving average is $178.94 and its two-hundred day simple moving average is $165.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $40.12 billion, a PE ratio of 83.61 and a beta of 0.79.
TKO Group (NYSE:TKO) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.06). TKO Group had a net margin of 5.40% and a return on equity of 2.82%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company's revenue for the quarter was up 53.7% compared to the same quarter last year. As a group, research analysts predict that TKO Group Holdings, Inc. will post 3.88 earnings per share for the current fiscal year.
TKO Group Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.76 dividend. This is an increase from TKO Group's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, September 15th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.5%. TKO Group's dividend payout ratio (DPR) is currently 62.81%.
TKO Group Profile
TKO Group Holdings, Inc operates as a sports and entertainment company. The company produces and licenses live events, television programs, and long-form and short-form content, reality series, and other filmed entertainment on digital and linear channels and via pay-per-view. It is involved in the merchandising of video games, apparel, equipment, trading cards, memorabilia, digital goods, and toys, as well as sale of travel packages and tickets.
News Flashback
TKO Group Holdings, Inc. is an American sports and sports entertainment company. Established on September 12, 2023, the public company was formed by a merger between Endeavor subsidiary Zuffaâthe parent company of mixed martial arts promotion Ultimate Fighting Championship âand the professional wrestling promotion World Wrestling Entertainment. TKO is led by CEO Ari Emanuel and president Mark Shapiro, both of Endeavor; Dana White and Nick Khan retained their roles as CEOs of UFC and WWE respectively upon the merger, while WWE co-founder Vince McMahon served as executive chairman until resigning from the company in January 2024 amid a sex trafficking scandal. The merger marked the first time that WWE has not been solely and primarily majority-controlled by the McMahon family, which founded the company and owned it for over 70 years. As of 2024, the UFC and WWE were the two most valuable combat sports organizations in the world according to Forbes. UFC was listed as the most valued mixed martial arts company with a revenue of $1.406 billion and WWE being the most valued professional wrestling promotion with a revenue of $1.398 billion in 2023. (Wikipedia)
TKO owns iconic properties including UFC, the worldâs premier mixed martial arts organization; WWE, the global leader in sports entertainment; and PBR, the worldâs premier bull riding organization. Together, these properties reach 210 countries and territories and organize more than 500 live events year-round, attracting more than three million fans.
TKO also services and partners with major sports rights holders through IMG, an industry-leading global sports marketing agency; and On Location, a global leader in premium experiential hospitality. (Credit: TKO Group)
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