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Endeavor Quarterly Earnings Report Reveals Best 9-Month Stretch Ever

Endeavor Group Holdings has announced a profitable year after the company’s third annual earnings report surfaced.

The publicly-traded company owns the Ultimate Fighting Championship (UFC). After enduring a pandemic-stricken 2020 fiscal year, the …

Endeavor Group Holdings has announced a profitable year after the company’s third annual earnings report surfaced.

The publicly-traded company owns the Ultimate Fighting Championship (UFC). After enduring a pandemic-stricken 2020 fiscal year, the company exceeded expectations with a huge swing of $1.4 billion in revenue for the quarter. For reference, the company reported a net loss of $21.8 million at this same time last year.

Driven by live events and the pay-per-view market, the UFC helped Endeavor enjoy another lucrative quarter. Endeavor CEO Ari Emanuel shared in a statement how well the company has performed and believes momentum will continue in the entertainment sector.

“We continue to capitalize on the elevated demand for premium content and live events coming out of the pandemic,” Ari Emanuel said in a statement. “Given our unique positioning within the sports and entertainment industry and our ability to leverage powerful secular content trends, we see no signs of this momentum waning through the end of the year.”

The UFC accrued $288 million in revenue for the third quarter of this year. While the figure is actually lower than in 2020, that’s only the case because of a $25 million contract termination fee the UFC took part in. Additionally, the UFC saw a moderate increase in revenue due to its schedule being pushed back to the third quarter from the pandemic.

Endeavor and the UFC are in a healthy financial position. As it stands, Endeavor reported $1.029 billion cash on hand. The figures have eclipsed the previous numbers announced in the last quarterly earnings report. When 2021 comes to a close, Endeavor expects its revenue to reach anywhere in the ballpark of “between $4.89 and $4.95 billion.”.

Do you believe the UFC and Endeavor will continue to see financials outperform expectations?

Continue Reading Endeavor Quarterly Earnings Report Reveals Best 9-Month Stretch Ever at MMA News.

Endeavor CEO Ari Emanuel Defends Current UFC Fighter Pay Structure

In light of the financial success Endeavor Group Holdings has produced, CEO Ari Emanuel has come to the UFC’s defense. The media and entertainment conglomerate attributes much of its recent progress to the acquisition of the UFC roughly five years ago. The UFC was sold to Endeavor for a hefty $4 billion price tag. Despite […]

Continue Reading Endeavor CEO Ari Emanuel Defends Current UFC Fighter Pay Structure at MMA News.

In light of the financial success Endeavor Group Holdings has produced, CEO Ari Emanuel has come to the UFC’s defense.

The media and entertainment conglomerate attributes much of its recent progress to the acquisition of the UFC roughly five years ago. The UFC was sold to Endeavor for a hefty $4 billion price tag. Despite continued challenges brought on by a global pandemic, the entertainment entity went public for $24 per share at the end of April. By mid-August, following the latest quarterly earnings report, the company boasted about its thriving economic power.

Due to athletes suing the UFC, the company was forced to release details about their respective pay structure. It was revealed that the combat sports company is paying roughly 16%-18% of revenue to its athletes. However, most sporting companies are sharing revenue at a much higher clip in the range of nearly 50% in 2021.

After drawing attention to Conor McGregor making the #1-spot on the Forbes’ list of the world’s highest-paid athletes, CEO Emanuel defended the pay structure in an appearance at the Goldman-Sachs Communacopia conference.

“They just did a recent study of top-paying athletes. The number one athlete was a UFC fighter,” Emanuel said during the conference. Ari Emanuel said. “They’re making money on fight kits, paid marketing opportunities we’re creating for them with our sponsors, revenue for NFTs, and we’re investing money in a performance institute to rehabilitate them, [focus on their] diet, etc,”

Many have argued that McGregor’s wealth is a byproduct of his business ventures outside of the Octagon. Ari Emanuel insists the playing field has never been more ripe with opportunity. The Endeavor CEO is convinced that the UFC’s earnings next year will ascend to even greater heights as a growing number of streaming services continue their onslaught on the North American market.

What do you make of Ari Emanuel defending the UFC fighter pay structure?

Continue Reading Endeavor CEO Ari Emanuel Defends Current UFC Fighter Pay Structure at MMA News.

Former UFC Fighters File Lawsuit Against The UFC And Endeavor

Former UFC fighters are now filing another lawsuit against the UFC and its parent company Endeavor Group Holdings. A new lawsuit has been filed by C.B. Dollaway and Kajan Johnson against the UFC and Endeavor Group Holdings that is similar to another class-action style lawsuit currently being litigated that represents fighters like Cung Le, Nate Quarry, Jon Fitch, and Kyle Kingsbury. […]

Continue Reading Former UFC Fighters File Lawsuit Against The UFC And Endeavor at MMA News.