not a very good way to run a business…

Schleimer said the event’s “financial profile” resulted in a roughly $30 million loss, which the company “anticipated” beforehand. UFC spent about $60 million in production costs for the event.

  • ravenaspiring@sh.itjust.works
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    9 hours ago

    TKO partially cited the lack of revenue via ticket sales from UFC Freedom 250 for that decline. UFC did not sell tickets to the general public for the event, instead hosting roughly 4,000 Trump administration officials, members of Congress, business executives and military servicemembers and staging the fights in an octagon on the south lawn of White House

    “The decrease in live events and hospitality revenue was due to a decrease in ticket sales revenue, which was largely driven by the absence of ticket sales for UFC Freedom 250 and one fewer Numbered Event, partially offset by higher financial incentive package revenue, compared to the prior year period,” the report stated.

    Mark Shapiro, the president and chief operating officer of TKO, said the Freedom 250 event generated more than $1 billion in “earned media value,” which he claimed was the “kind of exposure only a handful of events in the world” can command.“

    It also deepened our commercial relationships, adding 25 new marketing partners to our roster — many signing multi-year or multi-event deals,” Shapiro said of the event, which he noted “delivered results as designed.”

    Overall, TKO reported $303.9 million in net income during the second quarter, an increase of $30.8 million from quarter two of 2025

    • Raiderkev@lemmy.world
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      11 hours ago

      My neighbor did, he bootlegged it though, so UFC didn’t see a dime. I was invited, but even knowing that they weren’t making money, I had no desire to watch it.

  • artyom@piefed.social
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    21 hours ago

    This story is a nothingburger

    Schleimer said the event’s “financial profile” resulted in a roughly $30 million loss, which the company “anticipated” beforehand.

    I promise the company isn’t throwing away money for the fun of it. There are lots of different ways to look at profit. I’d bet a lot of that money found its way into the President’s pockets.

    Just like Amazon “lost” $5M on the Smelania doc.

    As a tangent, fuck articles that have videos pinned at the top about a completely different subject.

    • raze2012@lemmy.world
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      8 hours ago

      There are lots of different ways to look at profit.

      They claim “exposure” and “new marketing opportunities”.

      I think they are just (literally) kissing the ring and getting in on the corruption train before it crashes.

    • northernlights@lemmy.today
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      19 hours ago

      Ofc. If Trump did something it’s because it lined his pockets. He doesn’t have any other motivation. I’m sure nobody involved actually lost any money and it just looks that way because of the way they do their accounting.

  • mr_account@lemmy.world
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    24 hours ago

    Losses are easy to anticipate when they’re being used as a bribe. That’s kind of how the whole monetary transaction thing works

      • anomnom@sh.itjust.works
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        4 hours ago

        It was a marketing expense, but they were only marketing to one imbecile. It will be deducted from corporate profits.

  • JohnnyEnzyme@piefed.social
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    19 hours ago

    And as usual, any extra expenses coming from the UFC will just work out to less revenue for the fighters in the end, who have already been chronically underpaid for years.

  • santa@sh.itjust.works
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    22 hours ago

    Good. There shouldn’t be any profit for something as horrific as this that was done on taxpayer dollar. F ‘em.

    • givesomefucks@lemmy.world
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      22 hours ago

      It wasnt to make money, it was to make trump happy…

      And don’t forget a company showing a loss equals a tax break.

      Lots of times the people make a shit ton of money, but the company loses money, often because of how much it paid high level employees.

      Kind of like how a “non profit” just has to pay the CEO millions and throw a bunch of fundraisers so that the organization makes no money. Which is why trump is barred from running non profits

      Its a safe assumption the event intentionally “lost” money

    • bus_factor@lemmy.world
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      24 hours ago

      Probably not about exposure. They spent $30M on goodwill from Trump. Some of it was probably funneled to him as well.