TKO Group said it lost $30 million on the elaborate UFC Freedom 250 event, held June 14 on the grounds of the White House to coincide with President Donald Trump's birthday.

UFC and parent company TKO Group Holdings had a strong Q2, despite roughly $30 million in fiscal losses from June’s UFC Freedom 250.

The June event, held to mark the 250th anniversary of American independence, featured a specially built 4,300-seat arena at the White House