EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2024

14. EARNINGS PER SHARE

Basic earnings per share is calculated utilizing net income (loss) available to common stockholders of the Company during the three and six months ended June 30, 2024, divided by the weighted average number of shares of TKO Class A common stock outstanding during the same period. Diluted earnings per share is calculated by dividing the net income (loss) available to common stockholders by the diluted weighted average shares outstanding during the same period. The Company’s outstanding equity-based compensation awards under its equity-based compensation arrangements (refer to Note 13, Equity-based Compensation) were anti-dilutive during the six months ended June 30, 2024.

The following table presents the computation of basic and diluted net earnings (loss) per share and weighted average number of shares of the Company’s common stock outstanding for the periods presented (dollars in thousands, except share and per share data):


	Three Months Ended		Six Months Ended
	June 30,		June 30,
	2024		2024
Numerator
Net income (loss) attributable to TKO Group Holdings, Inc.	$	59,107	$	(44,733)

Denominator
Weighted average Class A Common Shares outstanding - Basic		80,884,513		81,618,084
Effect of dilutive securities:
Additional shares from RSUs and PSUs, as calculated using the treasury stock method		966,875		—
Weighted average number of shares used in computing diluted earnings (loss) per share		81,851,388		81,618,084

Basic earnings (loss) per share	$	0.73	$	(0.55)
Diluted earnings (loss) per share	$	0.72	$	(0.55)

Securities that are anti-dilutive this period
Unvested RSUs		—		2,176,271
Unvested PSUs		—		306,975
TKO Class B Common Shares		89,616,891		89,616,891