No Knockouts for UFC Owner's $1.2B Quarter

Endeavor reported $1.22 billion in third-quarter revenue, down from $ 1.39 billion during the same period last year. The owner of UFC and WME posted a net loss of $12.5 billion. It made $63.6 million in net income in Q3 FY 2021.

The Events, Experiences & Rights segment brought in revenue of $440.6 million. The Owned Sports Properties segment's revenue jumped to $402.3 million, partially due to an increase in product and licensing revenues at UFC. Endeavor’s Representation segment”s revenue fell $276.4 million to $388. 3 million year-over-year.

Endeavor announced plans to sell Diamond Baseball Holdings to Silver Lake for $280 million. DBH was formed last year and now includes 10 minor league baseball teams.