On Monday the parent company of the UFC, Endeavor Group Holdings, released their second quarter earnings results. While the company missed Wall Street expectations with only $1.1 billion in revenue for the quarter, this can’t be blamed on the UFC which saw impressive growth and has proven to be a cash cow for the heavily in debt Endeavor. According to their release, the “UFC’s Q2 performance – including three sold-out, arena record Pay-Per-View events – led to biggest 1st half in UFC history.”
Endeavor’s CFO, Jason Lubin, elaborated on this during Monday’s earnings call:
UFC had a huge second quarter helping power to its biggest first half ever in terms of revenue and adjusted EBITDA.