On Friday S&P released its latest credit rating assessment for Zuffa, parent company of the UFC. The headline was a change from negative to stable in the company’s rating outlooking with its BB- rating affirmed. However, beyond the headline, the report contains a valuable glimpse into the current industry environment and the financial standing of the company.
According to the report, “overall pay-per-view (PPV) revenues, which represent nearly 75% of total revenues, have trended up in recent quarters, albeit largely due to an increase in the number of events, higher pricing, and more favorable contract terms, rather than an increase in the number of buys.”
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