UFC Reports $30M Loss On Freedom 250 Event At White House
- TKO Group Holdings revealed on Monday that its "Freedom 250" event on the White House South Lawn resulted in a loss of about $30 million, despite becoming one of the most-watched mixed martial arts events ever.
- Production costs for the 4,300-seat arena reached about $60 million, and while President Donald Trump and Vice President JD Vance attended, the company could not recover expenses through sponsorships alone.
- Despite the financial shortfall, the event drew 8.2 million viewers in the United States and about 34 million worldwide, making it one of the most-watched mixed martial arts events in history.
- Andrew Schleimer, TKO Group's chief financial officer, told investors on Monday that the event "meaningfully impacted" margins, though the company "partially offset" costs with sold-out global partnerships inventory.
- The event was shown exclusively on Paramount+ under a $7.7bn, seven-year contract signed last year; TKO noted "absent Freedom 250, margins would have increased year-over-year" for Q2, which saw revenue rise 29%.
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UFC Lost $30 Million on Freedom 250 Event at the White House
Trump ally records $30 million loss after massive White House spectacle: report
The parent company of UFC took a major financial hit from staging President Donald Trump's 250th America anniversary fight on the White House lawn.TKO Group Holdings revealed the hit during a Monday earnings call, reported The Hill on Tuesday. Chief financial officer Andrew Schleimer explaining the ...
The UFC recorded a loss of approximately $30 million (about R$ 155 million) with UFC Freedom 250, an event held on June 14 in the gardens of the White House in commemoration of the 80th anniversary of US President Donald Trump. The historical edition ended with technical knockouts or knockouts in all seven card fights, had victories by Brazilians Mauricio Ruffy and Diego Lopes and the defeat of Alex Poatan in the fight for the heavyweight belt. …
UFC Lost a Staggering Amount of Money on UFC Freedom 250 Event Held at the White House
UFC Freedom 250, the UFC event that took place at the White House in June, was a spectacle — but one that lost a shocking amount of money. The event, which cost an estimated $60 million to put on, ultimately lost $30 million, TKO Group Holdings CFO Andrew Schleimer told investors on Monday, August 3. (TKO is the parent company of UFC.) UFC Freedom 250 was a celebration of the United States’ 250th birthday, held the day after President Don…
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