Endeavor Records Large Revenue Increases In 2022 Report
Endeavor, has revealed that its owned sports properties segment, which includes the Ultimate Fighting Championship (UFC), posted an impressive US$301.4 million for Q4, a 9% increase YoY.
For the year, the segment reported a total revenue of US$1.3 billion, 20% increase compared to the previous year.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) also rose by 14% to US$142.4 million, while they recorded an adjusted EBITDA of US$648.2 million, up 21%.
The increase in revenue can largely be attributed to the UFC selling out 21 consecutive events in 2022, while also gaining record sponsorship sales volume, boosting revenue in the owned sports properties segment.
Commenting on their financial performance, Endeavor CEO, Ariel Emanuel, said: “We are encouraged by our performance in our first full year as a public company.”
“Our business has proven resilient despite ongoing macroeconomic headwinds.
As 2023 comes into focus, we remain confident in Endeavor’s ability to deliver long-term value given our position on the supply side of premium content and live events and experiences,” he said.
The company added that the UFC saw increases in media rights fees as a result of ten renewed deals.
Meanwhile, the events, experiences and rights segment, which includes live events, experiential marketing, and sports properties, reported revenue of US$557.7 million for Q4, an increase of 8% YoY, while its yearly revenue was US$2.5 billion, a 21% YoY increase.
Adjusted EBITDA, however, decreased by 4% to US$52.4 million. For the year, the segment reported US$2.5 billion in revenue, a 21 per cent YoY gain.
The representation arm, which includes talent representation, brand consulting, and licensing, reported a revenue of US$408.5 million for the quarter, down 43% YoY.
However, adjusted EBITDA was up nearly 5% to US$123.9 million.