UFC parent company lost $30M on White House fight
An executive from TKO Group Holdings, the parent company of the UFC, said Monday the firm lost roughly $30 million from its June event at the White House. “With regards to UFC Freedom 250, we incurred significantly higher-than-normal costs, which we partially offset with sold-out global partnerships inventory,” Andrew Schleimer, the chief financial officer of…
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An executive from TKO Group Holdings, the parent company of the UFC, said Monday the firm lost roughly $30 million from its June event at the White House.
“With regards to UFC Freedom 250, we incurred significantly higher-than-normal costs, which we partially offset with sold-out global partnerships inventory,” Andrew Schleimer, the chief financial officer of TKO, told investors during a Monday earnings call.
Schleimer said the event’s “financial profile” resulted in a roughly $30 million loss, which the company “anticipated” beforehand.
UFC spent about $60 million in production costs for the event.
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