UFC's revenue goes up, net income down in first quarter of 2023
UFC's revenue goes up, net income down in first quarter of 2023
Bloody Elbow breaks down the UFC's first quarter finances.
As part of the planned merger of the UFC with the WWE, the UFC’s parent company, Endeavor Group Holdings, filed a 8-K with the SEC on June 12th. The WWE filed an S-4 that same day, which also included additional information on the UFC’s financial status. These come on the heels on previous filings by Endeavor, including consolidated statements of the UFC’s 2022 finances, which we have covered here earlier.
The newest filings Bloody Elbow has obtained repeat much of the same information that was previously released on the UFC, but it also includes additional material on their 1st quarter of this year as well as comparisons with the same period last year.
UFC has increased revenue in almost every category
Revenue continues it upward trajectory, as the UFC reported $306.7 million in total revenue for the three months ended March 31, 2023. This is $47.1 million (or 18.1%) more than what they reported for the same period last year, with almost every category seeing higher revenues.
$224.1 million in domestic and international media rights and content, an increase of $37.4 million due to contractual revenue growth, higher international renewals and one additional PPV compared to last year.
$31.5 million in live event revenue, an increase of $8.2 million from having more events with live audiences, including the additional PPV event.
$38.1 million in sponsorship, an increase of $1.7 million thanks to new sponsors and higher renewals from existing sponsors.
$13.2 million in consumer product licensing, a decrease of $0.2 million.