The company said full-year 2023 consolidated revenue was $1,675.0 million, net income was $175.7 million (versus $389.0 million a year earlier), and Adjusted EBITDA was $809.1 million. WWE is included only from September 12, 2023 through December 31.

1. 01

   The company said full-year 2023 consolidated revenue was $1,675.0 million, net income was $175.7 million (versus $389.0 million a year earlier), and Adjusted EBITDA was $809.1 million. WWE is included only from September 12, 2023 through December 31.

2. 02

   UFC segment revenue for full-year 2023 was $1,292.2 million (versus $1,140.1 million), and Adjusted EBITDA was $755.7 million, the company said. It said Adjusted EBITDA margin declined from 60% to 58%. The company cited higher media rights and content, live events and sponsorship revenue as factors in the revenue increase.

3. 03

   The company said operating cash flow for 2023 was $468.4 million (versus $501.7 million), and Free Cash Flow was $419.8 million (versus $489.3 million). Cash and cash equivalents were $235.8 million as of December 31, 2023, and gross debt was $2.761 billion.

4. 04

   The company is targeting full-year 2024 revenue of $2.575 billion to $2.650 billion, Adjusted EBITDA of $1.150 billion to $1.170 billion, and Free Cash Flow Conversion in excess of 50%, the company said.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.