“I am incredibly proud of the efforts of our team, whose determination resulted in the successful production of two major live XFC events during the quarter, XFC 50 and XFC: Grand Prix II,” commented Chris Defendis, President of Xtreme One. We continue to evolve in the field, it is transparent that our strategy is working. The XFC Grand Prix II recorded a 52% increase in ticket sales, as well as a 71% increase in simulcasts, confirming our team and business style; and giving us momentum for our next occasion in Milwaukee in September. Our strategy to become the premier league for emerging professional MMA fighters is underway, and we continue to attract top-tier talent, both in and out of the ring.
For the second quarter of 2024, the Company incurred a loss of $2. 0 million, or ($0. 01) consistent with the diluted interest, as the Company continues to make significant investments in event production and XFC logo progression in the MMA category.
During the quarter, the Company achieved a number of milestones in advancing its strategy to effectively build a global extreme sports business:
About Xtreme One Entertainment, Inc. Founded in 1995 as a diversified and mainstream holding company, Xtreme One Entertainment, Inc. (OTCPink: XONI) is now focused on media, entertainment, live sports, and occasion marketing. The company, through its wholly owned subsidiary XFC Global, Inc. (XFC), is the licensee of all trademarks and intellectual assets of Xtreme Fighting Championships Inc. all over the world. XFC has produced more than 50 televised professional MMA fights in the United States and Latin America since 2006 and was relaunched in 2024 through Xtreme One’s new control team and world-class board of directors. XFC battles are broadcast live on Triller TV, American Forces Network. and a growing number of media platforms. For more information, visit XtremeOne. com or XFCFight. com.
Forward-Looking Statements This press release makes forward-looking statements. These statements are made under the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not past facts, including statements regarding the Company’s ideals and expectations, are forward-looking statements. Forward-looking statements involve inherent dangers and uncertainties, and a number of points could cause actual effects to differ materially from those contained in any forward-looking statements. In certain cases, forward-looking statements may be known by words such as “may,” “will,” “expect,” “anticipate,” “target,” “target,” “estimate,” “intend,” , “plan”, “believes”, “potential”, “continues”, “is/is more likely” or other similar expressions. These statements are subject to risks and uncertainties, including, without limitation, the following: the Company’s fault. a history of ability to earn operating profits, a desire to raise significant capital to fund operations and growth, insecurity related to the transition of the Company’s business model, insecurity related to market acceptance of the Company’s marketing offerings the Company’s sports and entertainment, festivals and the ability to expand or license intellectual assets essential to the Company’s business, the Company undertakes no legal responsibility to publicly revise such forward-looking statements to reflect occasions or events arising after the date of the present.
Contact:
Investor Relations for XONI Zachary Mizenerzmizener@lambert. com
XTREME ONE ENTERTAINMENT, INC. AND SUBSIDIARIES CONSOLIDATED INCOME STATEMENTS ($thousands passed according to data consistent with percentages)
XTREME ONE ENTERTAINMENT, INC. ET SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands of omitted)