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UFC, Live Events Buoy Endeavor Q2 Results

UFC, Live Events Buoy Endeavor Q2 Results

Endeavor Group said revenue rose 18% to $1.3 billion last quarter led by higher media rights fees and live event, partnership, consumer product and licensing revenues at UFC as well as the return of live events.

Owned sports properties, which includes UFC, saw revenue of $332 million up 28% from the 2021 quarter. Adjusted EBITDA – a kind of operating income — of $161 million grew 22%.

The representation business, and the company’s Events, Experiences & Rights division also grew.

“We benefited from strong growth globally across our segments in the second quarter,” said CEO Ariel Emanuel. “While we recognize there are broader macroeconomic forces at play, given the quarter’s performance and our line of sight through the end of the year, we’ve once again raised our Adjusted EBITDA guidance. We remain focused on our long-term strategy – leveraging the diversity and scale of our businesses to drive maximum value for our shareholders, our clients and our owned IP.”

Emanuel will host a conference call at 5 pm ET to discuss the numbers.

The new guidance he referred to for full year 2022 is a range between $1.13 billion to $1.17 billion — up $25 million from the prior guidance midpoint.

Revenue is expected to be between $5.2 billion and $5.47 billion

Events, Experiences & Rights segment revenue of $628 million was up 19% driven by the return of full-capacity live events including music festivals, the Masters, and the NCAA Final Four, as well as the inclusion of the Madrid Open and NCSA acquisitions. Adjusted EBITDA was $108 million, up a hefty 194% year-over-year.

Representation revenue was $358 million, up 9% on continued strong demand for talent including the recovery of music and comedy touring, as well as increased corporate client spending, partially offset by the sale of the restricted portion of Endeavor Content

Endeavor swung to a net income of $42 million from a loss of $517 million a year ago. EPS was 9 cents from a $1.24 loss. Year-earlier losses were inflated by $387 million in equity-based compensation expense to top executives following the company’s IPO.

Cash and cash equivalents totaled $1.8 billion at the end of June, from $2 billion as of March 31. Total debt of $5.68 billion compared to $5.7 billion.  Endeavor said it plans to repay $250 million of debt by the end of Q3, supported by an enhanced cash position from the recent $400 million reduction in OpenBet purchase price and expected proceeds from the recently announced sale of Diamond Baseball Holdings to Silver Lake.

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Unfortunate circumstances: 12 unforeseen injuries that ended UFC main events

Unfortunate circumstances: 12 unforeseen injuries that ended UFC main events

For the first time in UFC history, back-to-back main events have ended with a “TKO due to injury” designation.

First, it was UFC on ABC 3, where Brian Ortega suffered a shoulder injury upon his escape from a Yair Rodriguez submission attempt. One week later, Tom Aspinall suffered a knee injury that ended his UFC Fight Night 208 main event vs. Curtis Blaydes in premature fashion.

While the term “freak injury” might not be appropriate to use when discussing a sport that is inherently dangerous, a dozen have ended in unforeseen injuries – broken legs, separated shoulders, eye pokes, etc. – that don’t typically come in the sequence of MMA combat.

Scroll below to see a chronology of UFC main events that ended in that nature.

Note: Injuries sustained on a TKO due to strikes or tapout due to a submission are not included, nor are retirements on the stool due to extended fight damage or exhaustion. Laceration-based stoppages also are not included since they come as an intentional result of the opposition’s attack.

UFC 90: Patrick Cote suffers knee injury vs. Anderson Silva

CHICAGO- OCTOBER 25: Anderson Silva (L) wrestles with Patrick Cote in the Middleweight Title Bout at UFC’s Ultimate Fight Night at Allstate Arena on October 25, 2008 in Chicago, Illinois. (Photo by Tasos Katopodis/Getty Images)

Date: Oct. 25, 2008
Location: Chicago
Result: Anderson Silva def. Patrick Cote via TKO (injury) – Round 3, 0:39
Injury: All was going well for Patrick Cote against one of the future all-time greats until it wasn’t. One of the better performances anyone has put on against Anderson Silva ended with Cote holding his knee, down on the canvas due to a torn ACL.

UFC 163: Chan Sung Jung dislocates shoulder vs. Jose Aldo

Aug 3, 2013; Rio De Janeiro, Brazil; Jose Aldo (red gloves) fights Chan Sung Jung (blue gloves) during UFC 163 at HSBC Arena. Mandatory Credit: Jason Silva-USA TODAY Sports

Date: Aug. 3, 2013
Location: Rio de Janeiro
Result: Jose Aldo def. Chan Sung Jung via TKO (strikes) – Round 4, 2:00
Injury: Shoulder dislocations happen in MMA, but none perhaps in a bigger moment than Chan Sung Jung’s long-awaited first UFC title fight. Midway through Round 4, Jung’s shoulder came out of its socket after a punch attempt. While the TKO win for Jose Aldo was ruled to have come from follow-up strikes, the shoulder dislocation was the reason for Jung’s initial retreat – he tried to lodge it back into place – and subsequent cover-up. The injury was serious enough that Jung needed surgery. He tore it again in 2021.

UFC 168: Anderson Silva breaks leg vs. Chris Weidman

Chris Weidman vs. Anderson Silva, UFC 168

Date: Dec. 28, 2013
Location: Las Vegas
Result: Chris Weidman def. Anderson Silva via TKO (injury) – Round 2, 1:16
Injury: In one of the most grotesque and high-profile injuries in MMA history, Anderson Silva snapped his leg. A result of great defensive technique from Chris Weidman, a leg kick from “The Spider” backfired in horrific fashion. Silva’s leg shattered; he broke his tibia and fibula.

UFC Fight Night 74: Charles Oliveira suffers neck injury vs. Max Holloway

Date: Aug. 23, 2015
Location: Saskatoon, Saskatchewan, Canada
Result: Max Holloway def. Charles Oliveira via TKO (injury) – Round 1, 1:39
Injury: In one of the more bizarre sequences in UFC history, Charles Oliveira grabbed his neck and went down against Max Holloway. As he rose to his feet against the cage, Oliveira grabbed his throat, seemingly untouched. Initial reports stated Oliveira suffered an esophageal tear. However, he recently revealed it was a reccurring neck injury that left his body tingling.

UFC Fight Night 120: Anthony Pettis suffers rib injury vs. Dustin Poirier

Nov 11, 2017; Virginia, VA, USA; Anthony Pettis (blue gloves) leaves the fight against Dustin Poirier (red gloves) during UFC Fight Night at the Ted Constant Convocation Center. Mandatory Credit: Peter Casey-USA TODAY Sports

Date: Nov. 11, 2017
Location: Norfolk, Va.
Result: Dustin Poirier def. Anthony Pettis via TKO (injury) – Round 3, 2:08
Injury: There are tight body triangles and then there’s the one Dustin Poirier had Anthony Pettis in during their five-round lightweight main event showdown. With Poirier on his back, Pettis attempted to turn into his opponent. However, Poirier slid into mount and in the process, broke one of Pettis’ ribs.

UFC Fight Night 159: Jeremy Stephens suffers eye injury vs. Yair Rodriguez

Sep 21, 2019; Mexico City, MEX; Jeremy Stephens (blue gloves) reacts after being poked in the eye by Yair Rodriguez (red gloves) during UFC Fight Night at Mexico City Arena. Mandatory Credit: Orlando Ramirez-USA TODAY Sports

Date: Sept. 21, 2019
Location: Mexico City
Result: No contest – Round 1, 0:15
Injury: In one of the more memorable main event failures in UFC history (for all the wrong reasons), Yair Rodriguez poked Jeremy Stephens in the eye 15 seconds into their main event clash. Unable to see, Stephens couldn’t continue. The bout was called off. Mexican fans pelted the cage and Stephens with food and beverages – which even caused UFC commentator Brendan Fitzgerald to hide under his desk. The matchup was rebooked for one month later in Boston. Rodriguez defeated Stephens by unanimous decision.

UFC Fight Night 178: Tyron Woodley suffers rib injury vs. Colby Covington

LAS VEGAS, NEVADA – SEPTEMBER 19: Tyron Woodley (R) reacts after suffering a rib injury against Colby Covington in their welterweight bout during the UFC Fight Night event at UFC APEX on September 19, 2020 in Las Vegas, Nevada. (Photo by Chris Unger/Zuffa LLC)

Date: Sept. 19, 2020
Location: Las Vegas
Result: Colby Covington def. Tyron Woodley via TKO (injury) – Round 5, 1:19
Injury: A dominant four-round showing from Colby Covington was topped off by a fifth-round Tyron Woodley injury. What looked like a normal takedown attempt caused Woodley to scream out in pain – and referee Dan Miragliotta to intervene. An X-ray later confirmed Woodley broke a rib.

UFC Fight Night 187: Belal Muhammad suffers eye injury vs. Leon Edwards

Date: March 13, 2021
Location: Las Vegas
Result: No contest (accidental foul) – Round 2, 0:18
Injury: An unfortunate eye injury halted the biggest fight of Belal Muhammad’s career prematurely. In the early stages of Round 2, Leon Edwards accidentally poked Muhammad’s right eye. The foul resulted in visible damage and the fight to be called. Muhammad has since called for a rematch, but has yet to receive it.

UFC 264: Conor McGregor breaks leg vs. Dustin Poirier

Jul 10, 2021; Las Vegas, Nevada, USA; Conor McGregor holds his leg after suffering an injury against Dustin Poirier during UFC 264 at T-Mobile Arena. Mandatory Credit: Gary A. Vasquez-USA TODAY Sports

Date: July 10, 2021
Location: Las Vegas
Result: Dustin Poirier def. Conor McGregor via TKO (injury) – Round 1, 5:00
Injury: Conor McGregor vs. Dustin Poirier – the rubber match. Who would’ve guessed it would end in the most high-profile leg break since Anderson Silva against Chris Weidman? But in MMA, expect the unexpected. Late in Round 1, McGregor stepped back and his leg caved under him. In between rounds, McGregor was deemed unable to continue – and for good reason. He suffered a broken tibia and fibula. Adamant on the stool the fight be stopped due to doctor stoppage/injury rather than “retirement,” McGregor got his wish.

UFC on ESPN 36: Aleksandar Rakic suffers knee injury vs. Jan Blachowicz

Date: May 14, 2022
Location: Las Vegas
Result: Jan Blachowicz def. Aleksandar Rakic via TKO (injury) – Round 3, 1:11
Injury: It wasn’t out of the realm of possibility Aleksandar Rakic could’ve earned a title shot if he beat Jan Blachowicz. Instead, the injury bug bit. In an early Round 3 exchange, Rakic’s knee buckled. He crumpled to the canvas and the fight was over. Later, exams showed he sustained a torn ACL.

UFC on ABC 3: Brian Ortega suffers shoulder injury vs. Yair Rodriguez

Jul 16, 2022; Elmont, New York, USA; Brian Ortega (red gloves) reacts to fight against Yair Rodriguez (blue gloves) during UFC Fight Night at UBS Arena. Mandatory Credit: Ed Mulholland-USA TODAY Sports

Date: July 16, 2022
Location: Elmont, N.Y.
Result: Yair Rodriguez def. Brian Ortega via TKO (injury) – Round 1, 4:11
Injury: Everyone was seemingly hyped for Yair Rodriguez vs. Brian Ortega – a matinee main event on ABC. That’s why there was an audible murmer of disappointment on Long Island when the fight ended before it really even got started. While his submission defense succeeded initially, Ortega injured himself as he pulled out of a Rodriguez armbar attempt. He was rendered unable to continue.

UFC Fight Night 208: Tom Aspinall suffers knee injury vs. Curtis Blaydes

Jul 23, 2022; London, United Kingdom; Tom Aspinall (blue gloves) falls to the ground while fighting Curtis Blaydes during UFC Fight Night at O2 Arena. Mandatory Credit: Per Haljestam-USA TODAY Sports

Date: July 23, 2022
Location: London
Result: Curtis Blaydes def. Tom Aspinall via TKO (injury) – Round 1, 0:15
Injury: It could’ve been Tom Aspinall’s contendership coming-out party. Instead, it was a 15-second nightmare for the Brit. Aspinall threw a kick at Curtis Blaydes, stepped back, and his knee gave out. It was all over just like that.

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Public Events Schedule | UFC 273: Volkanovski vs The Korean Zombie

Public Events Schedule | UFC 273: Volkanovski vs The Korean Zombie

UFC 273 Ceremonial Weigh-Ins

Who: All UFC 273 athletes | View The Fight Card
When:
Friday, April 8 at 4pm ET/1pm PT (doors at 3pm ET)
Where: VyStar Veterans Memorial Arena
Watch: LIVE on UFC.com, YouTube, Facebook and Twitch

This event is free and open to the public.