India, Aug. 5 -- The UFC reportedly took a financial hit after staging the high-profile Freedom 250 event at the White House earlier this summer. According to figures released by TKO Group Holdings, the UFC's parent company, the promotion lost around $30 million on the June 14 card, which was held on President Donald Trump's 80th birthday. The event attracted significant public attention but came with production expenses far above those of a standard UFC show.

TKO Group Holdings chief financial officer Andrew Schleimer said the White House event was considerably more expensive to produce than a typical fight card. While the UFC offset part of the initial costs-previously estimated at around $60 million-through sponsorships and media part...