Swing Efforts to Spike Black and 3Q Sales – Deadline

effort Covid’s impact on business growth boosted sales by more than 60% in the previous quarter to nearly $ 1.4 billion, making profits in the previous quarter. Listed in April, the company posted a net profit of $ 63.6 million, up from a loss of $ 21.8 million in the previous year.

Stock prices were trading down in all sessions, but rose 1.13% and bounced back in the second half of the deal after the numbers.

“We continue to take advantage of the growing demand for premium content and live events that arise from pandemics,” said CEO Ariel Emmanuel. “Given its unique position in the sports and entertainment industry and its ability to leverage strong secular content trends, there are no signs that this momentum will slow down until the end of the year.”

Of the three major business units, UFC-led sports facility revenues were $ 288 million, with a one-time $ 25 million termination fee and more events this year than last year. Was down $ 10.6 million, but was partially offset by the strong growth of the entire live event. ..

Revenues in the Events, Experiences and Rights segment increased $ 62 million due to increased revenues for event and sports media production related to the resurgence of live events with viewers and the recently acquired addition of NCSA to the IMG Academy business. That’s $ 446 million. This was partially offset by the decline in broadcasting rights revenue.

And its representative division increased $ 481 million to $ 664.7 million with a strong comp compared to last year when most television and movie production and tour events stopped for Covid. rice field. Growth in this segment was primarily due to the delivery of Endeavor content projects (which are currently blocked) and a significant increase in agency client fees.

Executives hold a conference call at 4:30 pm Eastern Standard Time to discuss numbers and outlook.

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Swing Efforts to Spike Black and 3Q Sales – Deadline

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