Premier development league for mixed martial arts B2Digital Incorporated (OTCMKTS:BTDG) on July 13, 2021 announced the initial results of the firm’s three months ending June 30, 2021. The company also announced the B2 Fighting Series being organised at the Kokomo Event & Conference Center in Kokomo, Indiana on July 17 in front of a big crowd.
Greg P. Bell, Founder and CEO of B2Digital, said that its vital that the data doesn’t demonstrate the complete reopening as live event crowds for 1st quarter were below the capacity. Bell added that despite that, the company matched performance of 2019 just in three months.
The firm saw all-time records on profits and revenues at B2 Fighting Series 124 in Trussville with $36K coming in through Gate and PPV ticket sales while the B2 Fighting Series 125 at Dayton in June witnessed over $40K coming in through Gate and PPV ticket sales.
Bell further opined that even though its early days for model to scale up, the growth has been explosive with higher average revenues per event.
The firm had revenues at a rate of $2.1 million yearly. While live events contributed about 43, the gym segment had contribution of 57%. Sales per event in live events contribute significantly higher thanks to effective marketing systems.
The ONE More Gym segment is consistently growing as the firm adds new locations, ensuring that the B2 brand gains traction and increase in local vaccination rates. The segment’s revenue growth is about 15-20% per location on a quarterly basis. The CEO also said that if the same rate is extrapolated, it would result in 400% year/year topline growth in the September quarter. He said that this seems to demonstrate a strong growth curve through the year and even in 2022.