Matchroom Multi Sport is still profitable

spartan

spartan

AzB Silver Member
Silver Member
Bulk of events promoted by Matchroom Multi Sport (MMS) are nineball pool events in addition to couple of events in snooker and smaller events in fishing, basketball, netball ping pong, bowling. Headed by Managing Director Emily Frazer, it was previously a division of Matchroom Sport and was spun off as a subsidiary company of Matchroom Sport in 2020.

MMS has been profitable since its inception in 2020 though net profit & gross profit margins have dropped. Net profit (after tax) last year GBP2.2Million on revenue of GBP10.7Million (2022: Net Profit GBP3.1M on revenue GBP10.8M , 2021: Net Profit GBP3.15M on revenue GBP8.4M). Presumably, most of the profits is contributed by nineball rather than the other sports in the MMS stable.
It is always a good thing that the best pool promoter/organizer on the planet is making $$ so that they can continue to deliver high quality events to fans/pro players :LOL:

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P.S. Interestingly, for the Matchroom group for last year ended 30 June2023, darts is most profitable (Net Profit GBP12M) more profitable than boxing (Net profit GBP10M) though boxing has higher revenue. And MMS (GBP2.2M) is more profitable than snooker (GBP1.4M)

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Good for them, ya love to see it.

There's room for improvement but I love having well-produced, high quality pool tournaments available on YouTube several times a year.
 
spartan said:
Bulk of events promoted by Matchroom Multi Sport (MMS) are nineball pool events in addition to couple of events in snooker and smaller events in fishing, basketball, netball ping pong, bowling. Headed by Managing Director Emily Frazer, it was previously a division of Matchroom Sport and was spun off as a subsidiary company of Matchroom Sport in 2020.

MMS has been profitable since its inception in 2020 though net profit & gross profit margins have dropped. Net profit (after tax) last year GBP2.2Million on revenue of GBP10.7Million (2022: Net Profit GBP3.1M on revenue GBP10.8M , 2021: Net Profit GBP3.15M on revenue GBP8.4M). Presumably, most of the profits is contributed by nineball rather than the other sports in the MMS stable.
It is always a good thing that the best pool promoter/organizer on the planet is making $$ so that they can continue to deliver high quality events to fans/pro players :LOL:

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P.S. Interestingly, for the Matchroom group for last year ended 30 June2023, darts is most profitable (Net Profit GBP12M) more profitable than boxing (Net profit GBP10M) though boxing has higher revenue. And MMS (GBP2.2M) is more profitable than snooker (GBP1.4M)

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Good find thank you. And good news for us pool fans (and pro players) that this looks sustainable for the near term.
 
spartan said:
Bulk of events promoted by Matchroom Multi Sport (MMS) are nineball pool events in addition to couple of events in snooker and smaller events in fishing, basketball, netball ping pong, bowling. Headed by Managing Director Emily Frazer, it was previously a division of Matchroom Sport and was spun off as a subsidiary company of Matchroom Sport in 2020.

MMS has been profitable since its inception in 2020 though net profit & gross profit margins have dropped. Net profit (after tax) last year GBP2.2Million on revenue of GBP10.7Million (2022: ...
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It's nice that pool is separate from the other big Matchroom interests.

In US dollars, that's 2.86 million dollars in profit. I think that's pretty good considering that MMS is putting a lot of time and effort (and presumably money) into promoting new events.
 
Relationships through sports and competition is one of the best ways to build diplomacy between nations.

The rise of billiards globally is in a direction the community is supporting and investing.

Why didn't this happen sooner? Billiards needed Emily Frazer.

Every year Emily should get the Frazer appreciation award.

Women get the job done when men try, spend millions, fail and then fail again.
 
Badpenguin said:
Is there any way to determine what the profit is actually from? Certainly not ticket sales.
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I think Mosconi Cup tickets gross about half a million, so that moves the needle. In contrast, the US Open doesn't have the huge arena so the gate will be a small factor.

Edit: closer to a million for ticket sales this year for the MC.
 
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kling&allen said:
Presumably Matchroom.live subscriptions, whatever partners MR has for streaming (sky sports, DAZN), and advertising sponsors for their events.
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I kind of doubt matchroom.live subscription at $5 account for much profit, particularly since the US can't see most of the events via matchroom.live, we have to use DAZN.

I was hoping someone knew how to access these sort of reports from the UK government, or if the source of profits were even reported on in them. Apparently not ;(
 
Badpenguin said:
I kind of doubt matchroom.live subscription at $5 account for much profit, particularly since the US can't see most of the events via matchroom.live, we have to use DAZN.

I was hoping someone knew how to access these sort of reports from the UK government, or if the source of profits were even reported on in them. Apparently not ;(
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Why would they be remotely public? Why does it really matter? Writin a book? As i said above MR has made TONS of $$$$ over the yrs from gaming connections. I'd go WAY on a limb and say 70% or better comes from gaming entities. Every event they've done almost always has gaming co's ads visible. This last one ,the WC's, was mostly Saudi PIF $$. Anything sports-related in SA is backed by the PIF in some way. In case some don't know, the PIF is SA's public image enhancing fk-off $$ backed by about 800BILLION petro dollars.
 
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Badpenguin said:
I kind of doubt matchroom.live subscription at $5 account for much profit, particularly since the US can't see most of the events via matchroom.live, we have to use DAZN.

I was hoping someone knew how to access these sort of reports from the UK government, or if the source of profits were even reported on in them. Apparently not ;(
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That specific breakdown typically is not available even for public companies. But I agree Matchroom cant make much from the US unless DAZN is overpaying them.
 
Badpenguin said:
Is there any way to determine what the profit is actually from? Certainly not ticket sales.
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kling&allen said:
That specific breakdown typically is not available even for public companies. But I agree Matchroom cant make much from the US unless DAZN is overpaying them.
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Yes, correct. Their financial statements do not provide detailed revenue or profit of each revenue stream.
Their broad revenue streams for past years.
-Broadcasting/ streaming
-Sponsorship (including spillover sponsorship from gaming/ gambling companies that sponsor other big MR sports like boxing, darts , snooker )
-Gate collection/ ticket sales (presumably, their box office cash cow has to be Mosconi Cup. Other Open events though just don't collect much at the gate )

I am guessing other minor revenue streams include merchandising revenue, social media ad revenue (Youtube, Facebook), commissions :LOL:

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Bob Jewett said:
I think Mosconi Cup tickets gross about half a million, so that moves the needle. In contrast, the US Open doesn't have the huge arena so the gate will be a small factor.
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More , Bob
Orlando this year has 2500 seats and they increase ticket prices by 40%+ from last year.
If we do quick back of envelope calculation -
Let us say 2200 seats for Silver and Gold rows average $80
Remaining 300 seats for VIP rows/VIP hospitality average $450
That is minimum $300K gate collection per day. 4 days minimum $1.2M
My guess is until last year, Mosconi Cup contributes most of the MMS's profit

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Kinda curious how you obtain their financial statement like that. I wonder if there’ll be a different breakdown available now that the World Professional Nineball Pool Corporation has been created if you’d see a separate financial statement for that or if it would have a special callout in the MMS statement like it did for PDC, WSL, etc.
 
spartan said:
It is always a good thing that the best pool promoter/organizer on the planet is making $$ so that they can continue to deliver high quality events to fans/pro players :LOL:
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Exactly. Revenue growth at Matchroom will translate, and has already translated, to making pool a better career for those who choose it. That's why what's good for Matchroom, in the general case, is good for pool.

Long live Matchroom!
 
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