India, Aug. 4 -- The UFC's historic Freedom 250 event at the White House may have attracted a record global audience, but it also resulted in a $30 million financial loss, according to parent company TKO Group Holdings' latest earnings report.

Held in June to mark the 250th anniversary of American independence, the event featured a specially built 4,300-seat arena on the South Lawn of the White House. Attendance was limited to invited guests, including political allies, sponsors and members of the military, meaning the event generated no ticket revenue, The Independent reported.

According to TKO, the UFC spent about $60 million to stage the event but was unable to recover those costs through sponsorships alone, leading to losses of roug...