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A quick summary of UFC finances using the most recent S-1A, Moody's report & S&P Global update. I'll have something more in-depth up tomorrow on BE but for now.
UFC revenues were around $890m in 2020, up from around $860m in 2019.
EBITDA is now approx. $423m, a 49% margins
1/4
UFC revenues were around $890m in 2020, up from around $860m in 2019.
EBITDA is now approx. $423m, a 49% margins
1/4
2/4 projected EBITDA of $443 mil & free class flow of $245m or $266m (depending if revolver is included in debt calculation) for 2021. Loan interest on debt is $95m for the year with current Libor + $25m in debt amortization.
3/4 From the S-1 we can see UFC makes up the vast bulk of Endeavor's Owned Sport's Properties' revenues & EBITDA. We can also assume they make up the bulk of their costs. They note that selling, G&A went up in 2019 because of PI in China & Apex staff costs.
4/4 interesting to note that direct operational costs, which would include fighter costs, has gone down every year even as revenues have increased.
