Endeavor — parent company to the UFC — reported a positive net income of $2.4 million for the first quarter since the company went public earlier this year.
That’s a drastic improvement from this same time one year ago, when Endeavor reported losses of more than $51 million after the global pandemic decimated many of the businesses owned by the company.
According to an earnings report on Wednesday, Endeavor’s modest profit in the first quarter since going public was largely thanks to the success of the UFC, which has continued to serve as a life boat to the company.