Endeavor: Q3 earnings report reveals UFC has best 9 months in promotion history

Efforts reported a profitable third quarter in 2021 with record numbers produced by one of the company’s biggest properties in the UFC.

The now publicly-traded company affiliated with Endeavor Group Holdings posted $1.4 billion in revenue for the quarter with $63.6 million in net income, a huge disparity from the pandemic-hit 2020 where a loss of $21.8 million at the same time last year.

“We continue to capitalize on the growing demand for premium content and live events in light of the pandemic,” Endeavor CEO Ari Emanuel said in a statement. “Given our unique position in the sports and entertainment industry and our ability to capitalize on strong secular content trends, we have no indication that this momentum will wane at the end of the year. now on”.

When it comes to the UFC, the world’s biggest MMA promotion once again bolsters Endeavor’s bottom line with another strong quarter fueled by live events and pay-per-view sales.

The UFC reported $288 million in revenue for the quarter, which is actually down from 2020, but that’s mostly due to the $25 million termination fee paid to the UFC last year, which is clear. obviously not a year later. The UFC also saw an increase in revenue in Q3 2020 due to the event schedule being pushed back to the end of the year because of the global pandemic.

Overall, Endeavor considers the revenue generated by the UFC to be “the best present-day nine-month period in UFC history.”

In addition to the success the UFC has enjoyed this year, Endeavor has also seen an increase in rep revenue, which is where the company got its start as a top talent agency in film and television. and music. books and other markets.

As of September 30, Endeavor had cash of $1.029 billion, up from the previous quarter when the company had $869.9 million in cash. As 2021 ends, Endeavor expects to see revenue “between $4.89 and $4.95 billion.”

https://www.mmafighting.com/2021/11/15/22784169/endeavor-third-quarter-earnings-report-ufc-experiencing-best-9-months-history | Endeavor: Q3 earnings report reveals UFC has best 9 months in promotion history

James Brien

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