Tuesday September 26, 2023
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Live Events Boost UFC Owner to $1.3B Quarter

  • Endeavor Group saw its Events, Experiences, & Rights segment generate $627.9 million in revenue in Q2 2022.
  • Full-year revenue is projected to range between $5.2 billion and $5.5 billion in FY2022.
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Endeavor Group generated $1.3 billion in revenue in Q2 2022, driven by the return of capacity crowds at live sporting events.

The entertainment conglomerate — which owns mixed martial arts promotion UFC and talent agency WME — saw its Events, Experiences, & Rights segment post $627.9 million in revenue — up from $99.2 million for the same period last year.

  • The company’s Owned Sports Properties segment saw revenue reach $331.9 million in Q2 2022, up 28% year-over-year.
  • Its Representation segment posted $358 million in revenue, up $29.7 million compared to Q2 2021.
  • Full-year revenue is projected to range between $5.2 billion and $5.5 billion in FY2022. 

Endeavor announced plans to repay $250 million of debt by the end of Q3 2022. As of June 30, 2022, the company has a total debt of $5.6 billion. 

Gains and Losses 

Last year, Endeavor entered an agreement to acquire sports betting company OpenBet for $1.2 billion, but that number fell to $800 million last month, according to an SEC filing. 

The acquisition has been revised so that OpenBet owner Light & Wonder will now receive $750 million in cash and $50 million in stock. 

On Wednesday, Endeavor agreed to sell its Diamond Baseball Holdings subsidiary — which owns 10 minor league baseball teams — to Silver Lake in a deal valued at $280 million.

DBH owns teams affiliated with the St. Louis Cardinals, Chicago Cubs, and New York Yankees.

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