operating what for everyone. of to will being and afternoon, results good COVID-impacted prior you Ari, segments. seeing the year. walking our Any financial fourth quarterly I'll annually through Thanks, we're year call full start provide in I'll the of with or you quarter in each be our comparisons around and also by some XXXX. reference
ended $XXX.X XX%. million quarter we the in or For consolidated December XXst, $X.XX generated billion XXXX, revenue down
XXXX. of revenues $XXX.X quarter million of included we prior which business, content from January year of the fourth in The Endeavor restricted the sold
to year revenues events of business, $XXX.X the the fourth well been this insurance included $XX.X Adjusted benefit prior $XX.X from $XX.X or the EBITDA content million from or up X%. of million up business, the quarter as as year was quarter $X.X for revenues restricted related Excluding related X%. well as would've million consolidated adjusted earlier recoveries in The of fourth EBITDA of million XXXX. Endeavor as the to million,
and or billion, prior Endeavor $XXX.X $XXX.X XX%. or $XXX.X EBITDA EBITDA revenue full was of from adjusted included For of The million was content the business. $X.XXX year up $XX.X revenue year $X.XXX up million year-over-year year-over-year, the and million billion, X%, million adjust restricted
or revenues related revenues consolidated up been $XXX.X that XX%. business, million Excluding to would've
get for set on I year, end I moment want tax quarter our to a to full the net Before agreement. results our receivable
disclosed criteria they had As met been you previously liability generally the filings not to pay and the TRAY company. accounting benefits required SEC tax certain report maintained primarily our us tax the may who associated these Prior benefits. TRAY or the certain holders pre-IPO against investors are has to transferred evaluation to allowance the and deferred requires quarter. and had recall, fourth TRAY for We to benefits
$XXX tax million. checked and to release criteria we of met our in associated million year-end, fourth TRAY be with deferred equity. We TRAY allowance, we required primarily of quarter $XXX of recorded the the to recorded As through this exchanges and benefits future expense
that has evaluation allowance Now been released. the
XX-K, as indicated be our XX addition, in we primarily expect to years. made TRAY In over payments
net $XX.X million loss ago. had the of a quarter loss to results, our compared fourth to net Now moving $XXX.X a of year million net a
net and net the quarter tax from well as associated driven for by the Our of discussed, expense impact losses benefits as is loss TRAY the affiliates. just
sale by tax partially This and of in losses the loss net our affiliates the impact restricted which expenses. largely benefits include also year income the net in gained from the Endeavor to year, compared associated the million the net income changed greater was by $XXX.X offset and to net business, a This $XXX.X results was as content prior of TRAY compared of million a the For year. year's driven from operating was improvements ago. income
year, between collections operating full flow to and business. IOC by activities time we from our free was primarily CapEx. driven million, related $XXX on less cash location of The free and cash reported payments forecast defined to the cash difference For we the flow as our cash generated
track. IOC initiative remains Our on
walk each our I'll of segments. you through Now,
the $XXX.X the $XX.X property was $XX.X EBITDA up in while Our of XX%. million million own up sports generated fourth or $XXX.X X%, for revenue adjusted or the million, segment quarter million segment quarter
billion the $XXX.X million segment up revenue, and adjusted or of in On the XX%. up million XX%, EBITDA year, $XXX.X million or generated $XXX.X $X.X
in OX UFC for in the highest back U.S. events, the London's nights highest nights Arena. history, four the grossing fight grossing both XXXX, on records at set Looking fight XX of highest including arena two UFC's and grossing
XX Over renewed the year, we course the international deals. media rights of
tracking QX lake a Our aggregate its history. highest roster, Project We of deals. new also V-Chain, Amsterdam new AAV we over in company's the UFC sales prior had of sponsorship Rock. sponsors XXXX. excess Since several and in our XXX% vodka, remains to began in added
the partners of drink introduced to official electric the categories We ready official official also the commercial new law truck, like and UFC. the firm,
the around sponsors, XXXX new Octagon. consumer the Beyond and we're for technology create most trading card, sites XD the to inventory of more the sales, categories. year and game, best product notably leveraging was digitally within also video in NFT UFC's
we selling Vegas successfully also launched and Vodka, Authority PBR series series our Moving the of Visitors and sanctions. to eighth all team ZipRecruiter, team PBR, sponsors. team Las signed as MGM, the Stillhouse Convention
we combined the of over Tour saw and X Series Whiskey year, Pendleton the Over the million Velocity our Beast, attend Unleashed events. course fans Team
in Now The and $XX rights. revenue events, segment $XX.X X% up the quarter, or to X%. million experiences, turning $X.X million million adjusted EBITDA million, down or recorded of an $XXX.X
On $XXX.X XX%. An adjusted was year, million, million million, XX%. $X.X up segment the up $XXX.X or revenue $XXX.X was or million EBITDA
as events adjusted in Open by Open heightened well Games, of and XX, Super demand was inclusion Bowl Miami and NCAA driven Segment as premium revenue the Madness growth in and the Vet. live March as the such restriction EBITDA lifted the tuber experiences Madrid and for year the Open,
renewed. and from the full boarding saw Academy previously certain Additionally, of a contracts athletic network. summer enrollment college was camp contribution recruiting our disclosed were increased and offset not that by school Growth media year at we partially NCSA expiration IMG
quarter Moving $XXX.X the was Content million, XX%. Fourth of decrease million or from business. the of on revenue to our a representation $XXX.X segment, included million $XXX.X quarter XXXX revenue Endeavor restricted
quarter Fourth million adjusted Content $XX.X the EBITDA would've Segment the X.X Endeavor quarter included or of was up Excluding up in XXX.X been that or restricted million X%. XXXX revenue million from million, adjusted EBITDA business. $X.X X%. segment,
adjusted X%. that would've million Excluding increased EBITDA $X.X or
of And full and million EBITDA adjusted the XX%. representation from included $XXX.X $XXX.X or million revenue was was the million $XX.X year, segment $X.X restricted prior adjusted million, Endeavor up year Content down of For billion, XX%. business. EBITDA The or revenue $XX.X $XXX.X million
recovery XX%, of was premium Excluding comedy demand and been that, would've segment continued from for the would've or nearly revenues million, been music $XX.X million the EBITDA or $XXX.X live core as content and up XX%. driven in our agency and Growth adjusted this entertainment segment by primarily business, touring. up segment such
spend partnership from corporate clients, XXXoverXX advertising specifically increased experiential Additionally, from and services. saw our marketing business
$X.X to was update approximately for debt on I year resulting in We $X.X share in the leverage At our structure. and ended net million our debt. give want in outlook capital cash, Before in X.XX billion XXXX, I end, net times. billion with year an our $XXX.X
is Our outstanding debt aggregate debt. rate our now of approximately six total XX%
$XXX of we'll raised issuer a to make We As result the flow performance, recently in cash our operating involuntary EBITDA, million. plus. and our repayments roughly ratings global voluntary debt credit through growth de-levering additional adjusted and generation, debt continue of B to plan paydown S&T rating free year.
consolidated XXXX. discuss basis like current then outlook I'd I'll detail on segment. a additional to and share our some for guidance finally, And provide first our by
full basis, company's we best of our brands, content events, immediate quarterly and results believe as deliveries, given evaluated well sales timing a year and businesses, the business behalf to on previously, as transactions. said cycles of On As we gaming clients within our are related fluctuations our
We for $X.XX be revenue on of EBITDA, expecting expect billion of $X.XXX we range margin or $X.XXX to and midpoint at midpoint implying On billion the XX% billion, consolidated growth year. the range. XX% billion growth are at year the approximately adjusted between of or the $X.XXX a XX% range, the the to
flow representing $XXX to XX% $XXX or expect between a year. over million, last free midpoint cash $XXX growth We million billion of
our segment. color Sports me XXXX segment. some let our Starting provide Now with guidance with you Properties on by Owned
more events, always offset of carry Baseball sale Diamond continued by outside number events UFC, with the we of growth arena. and and the More international a UFC anticipate Holdings. overall At total cost PBR more higher marquee expect Apex but at our U.S. same structure. events We events
This in-turn impacts margin.
fees growth, have global base three item our of major to to While high remains for also with expect for growth strong accelerating to strategic line side our fan live close bringing UFC priority a our and four potential. we margin events
excited to OX of are one be his returned in to We March. read
to new Michael our are We the announced expected season have April. match-up in with McGregor Connor Miami between we concluding and Fighter Chandler. of headed an And Ultimate
to in in our the well a continued Velocity Whiskey a and growth the Additionally, with Tours new Mexico. Performance Institute expect with slate of our Pemilton At events we are Unleashed from momentum continuing as second full as sports invest Beast of we series. year PBR, the year teen
event of growth expect revenue. business, also all We the notably live in aspects most
the to in For and live ongoing Events, & impacted Barrett Rider Rights, of continued on be Experiences year Jackson. investments location will expect with the full segment growth Cut by revenue IoT we driven to by Segment events experiences growth continue return a sports Biannual our and production, profit initiative.
Olympic our profit a sales, are marketing ensure a our ticketing for upcoming functions and We to deliver anticipate technology we build to three nine premium experience figure across the multiple customers. Games. continuing We opportunities
demand sports, for music and In expect continued WWE growth by we our content our Representation premium led segment, fashion. we businesses across expect as all including
by our data business demand project we our and XXXX of expect our ING revenue also Arena and and non-scripted which earnings, sports our from We will quarter increased with new connection business include driven deliveries. growth OpenBet. timing the In acquired technology recently be will first reporting segment, strong
of At acquisition, announced full the of combined time year we XXXX projections businesses. the for million revenue $XXX the provided
those of expect initial double-digit projections. For top-line growth XXXX, we
largely We be progresses. EBITDA as also to expect year to revenue back-end sequentially and and build loaded adjusted the
cadence food expect the renewals. due and seasonality of service the We sports to to be QX smallest timing and client of
an the uncertain in resiliency face environment. show to macro continue of We
ahead, continue we confident strategy. on to remain in As look executing we ability our our
it Q&A. to back I will James that, hand for With
