Connect with us

Hi, what are you looking for?

UFC

UFC income drops in third quarter however TKO nonetheless delivers total features forward of giant expectations in 2025

The UFC experienced a rare decrease in revenue for the third quarter in 2024 but TKO Group Holdings as a whole still earned a profit with a massive year ahead in 2025. New financial disclosures were released on Wednesday with the UFC revenue dropping 11 percent — $42.6 million to $354.9 million — primarily due

UFC income drops in third quarter however TKO nonetheless delivers total features forward of giant expectations in 2025

The UFC skilled a uncommon lower in income for the third quarter in 2024 however TKO Group Holdings as a complete nonetheless earned a revenue with a large 12 months forward in 2025.

New monetary disclosures have been launched on Wednesday with the UFC income dropping 11 p.c — $42.6 million to $354.9 million — primarily on account of one much less pay-per-view and two much less Battle Evening occasions in comparison with the identical time interval in 2023. The income loss from media rights was $50.4 million however that was partially offset by a rise in sponsorship income, which was up $10.2 million.

Regardless of holding three fewer occasions throughout the third quarter in 2024 in comparison with 2023, the UFC nonetheless stayed nearly useless even when it got here to dwell occasion income on account of a rise in total ticket gross sales 12 months over 12 months.

Whereas the UFC reported a loss in income for the quarter, TKO Group Holdings — the mum or dad firm for UFC and WWE — nonetheless elevated total income by 52 p.c — $232.1 million to $681.2 million. That improve was due to WWE with $242.7 million in income.

“TKO’s stable third quarter outcomes replicate continued power throughout UFC and WWE, significantly in dwell occasions and model partnerships,” TKO CEO Ari Emanuel mentioned in a press launch together with the monetary outcomes. “In mild of this continued momentum, we now count on to ship on the higher finish of our full-year 2024 steering vary for each income and Adjusted EBITDA.

“Moreover, two weeks in the past we introduced the authorization of a strong capital return program and an settlement to amass industry-leading sports activities property that may energy our profile, give us better scale, strengthen our place within the sports activities market, and speed up returns for shareholders. Simply over a 12 months since UFC and WWE got here collectively to kind TKO, our conviction on this enterprise is as sturdy as ever.”

The most recent monetary disclosure additionally famous the conclusion of one in every of two UFC antitrust lawsuits after a settlement was reached and preliminary approval was handed down by the courts. Underneath phrases of the settlement, TKO is ready to pay out $375 million to settle the primary of the lawsuits with a $125 million cost already put into escrow in October with the remaining $250 million anticipated to be paid in 2025.

A second antitrust lawsuit towards the UFC remains to be pending.

Advertisement. Scroll to continue reading.

The subsequent 12 months is predicted to be large for TKO with WWE kicking off a large 10 12 months, $5 billion deal to maneuver its flagship sequence Monday Evening Uncooked to Netflix whereas Smackdown goes to USA Community. WWE’s different program titled NXT already started airing on the CW in a separate deal that was beforehand closed.

In the meantime, the UFC is predicted to start negotiations on a brand new TV deal in early 2025 as the present contract with ESPN involves a detailed on the finish of subsequent 12 months. Most specialists imagine the UFC is in for an enormous improve in total media rights, particularly with the MMA promotion as the one main sports activities property up for grabs for potential TV or streaming companions for the subsequent three years.

It’s doable that the UFC doubtlessly triples its broadcast rights deal from the one struck with ESPN that was initially price $1.5 billion over 5 years (an extra two years was finally added together with ESPN taking up pay-per-view broadcasts for the UFC).

Read More

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement
Advertisement

You May Also Like

MLB

Doric Sam November 12, 2024 Kevin D. Liles/Atlanta Braves/Getty Images After spending the last five seasons with the Atlanta Braves, veteran catcher Travis d'Arnaud...

Boxing

The Artur Beterbiev and Dmitry Bivol fight card shows the seven fights that will make up Saturday’s event in Riyadh, Saudi Arabia. Beterbiev puts...

MLB

The Los Angeles Dodgers didn't just lose Game 2 of the National League Division Series to the San Diego Padres on Sunday. They lost...

WWE

Cody Rhodes winning the Undisputed WWE Championship at WrestleMania XL is one of the most emotionally cathartic moments in wrestling history. Not only did...

MLB

The Tampa Bay Rays, who despite having zero fan base, even less of a budget, and playing in a ballpark (Tropicana Field) that makes...

WWE

Doric Sam September 29, 2024 KENA BETANCUR/AFP via Getty Images WWE Superstar Logan Paul is officially a father. The 29-year-old announced a joint Instagram...

Boxing

SportsLine's team of boxing analysts reveals its money line, over/under and prop bets for Jake Paul vs. Mike Tyson on Friday, November 15 By...

Boxing

Jogo Global, a prominent name in innovative gaming solutions, has announced the highly anticipated launch of Mike Tyson’s Crash, an exciting new casino crash...

WWE

WWE held tonight’s NXT at the iconic 2300 arena, and after a hardcore match got the episode started, NXT General Manager Ava Raine revealed...

Boxing

PFL and Bellator women’s featherweight champion Cris Cyborg has her sights set on Misfits Boxing star Jully Poca. The Brazilian is fresh off her...

WWE

We have learned many lessons from COVID-19, but how to get vaccines to low- and middle-income countries effectively isn’t one of them. Pandemic threats...

Boxing

Please enable JS and disable any ad blocker

Uncategorized

Adam Wells September 28, 2024 B/R A late-season surge has catapulted the Detroit Tigers into the postseason for the first time in 10 years....

Advertisement