B2Digital Provides Unaudited Performance Update for the Three and Twelve Months Ended March 31
April 05 2022 - 7:30AM
InvestorsHub NewsWire
Total revenues up 185% on annualized pace
for more than $3.5 million for calendar 2022 driven by triple-digit
growth across all segments
April 5, 2022 -- InvestorsHub NewsWire --
B2Digital Incorporated (the “Company” or “B2Digital”) (OTCMKTS:BTDG),
the premier development league for mixed martial arts (“MMA”), is
pleased to report unaudited performance metrics for the three and
twelve months ended March 31, 2022, including total revenue growth
of 185% year over year, which puts the Company on an annualized
pace for more than $3.5 million in revenues in calendar year 2022,
driven by triple-digit growth across all operating
segments.
Note: The following numbers represent unaudited
preliminary data subject to potential revision in future financial
reporting.
Highlights for Twelve Months Ended March 31,
2022 (unaudited)
- Total Revenues of $2.7 million,
up 185% year over year
- Live Event Revenues of $1.1
million, up 245% year over year
- B2 Training Facilities Revenues
of $1.67 million, up 157% year over year
Highlights for Three Months Ended March 31, 2022
(unaudited)
- Total Revenues of $872k, up 92%
year over year, on annualized pace for $3.5 million
- Live Event Segment revenues of
$266k, up 40% year over year
- B2 Training Facilities segment
revenues of $605k, up 129% year over year
“2022 has started off with a bang, putting B2
Digital on pace for a record calendar year, with our topline
performance growing at an accelerating rate over recent months as
we expand our geographic footprint on the live event side and step
up our pace of strategic expansion on the gym side,” stated Grep P.
Bell, Chairman & CEO of B2 Digital. “Helping to fuel that
expanded pace of growth, we are now licensed in 20 states for live
MMA Fights, which represents an 82% jump in our geographic
footprint relative to last year with 50 fights planned in the next
12 months. We are also tracking well on our aggressive plan
of adding 15 new gym locations over the next 30
months.”
About B2Digital Inc.
B2Digital (OTC:
BTDG) is the premier development league for mixed martial arts
(“MMA”). The Company operates in two major branded segments: The B2
Fighting Series and The Official B2 Training Facilities Network,
which is comprised of ONE MORE Gym and Spartan Fitness. The Company
primarily derives revenues from live event ticket sales,
pay-per-view ticket sales, content media marketing, and fitness
facility memberships.
The
Live Events segment (the B2 Fighting Series) is primarily engaged
with scheduling, organizing, and producing live MMA events,
marketing those events, and generating both live audience and PPV
ticket sales, as well as creatively marketing the archived content
generated through its operations in this segment. The Company also
plans to generate additional revenues over time from endorsement
deals with global brands as its audience grows. The B2 Fighting
Series is licensed in 20 US states to operate LIVE MMA Fights. Most
B2 Fighting Series events sell out at the gate. The Company now
operates at a pace of more than 40 events per
year.
The
B2 Training Facilities segment operates primarily through its ONE
More Gym brand and its Spartan Fitness Facilities brand. The
Company currently operates five ONE More Gym locations, with plans
to continue to scale up the B2 Training Facilities segment at a
pace of 15 new locations over the next 3 years. Both ONE MORE Gym
and Spartan Fitness locations include specialized MMA training
resources and serve a recruiting function for the Company's Live
Events segment.
For
more information about B2Digital, visit the Company’s website
at www.B2FS.com.
B2Digital has a growing social media presence.
Follow us on:
Twitter: @B2digitalOTC
Facebook: https://m.facebook.com/b2digitalotc/
B2Digital: MMA’s Premier Development
League
www.B2FS.com
B2 Fighting Series Pay Per View
Link
www.b2mma.com
CAUTIONARY NOTE REGARDING FORWARD-LOOKING
STATEMENTS
This Press Release contains
forward-looking statements within the meaning of the securities
laws. These statements relate to future events and involve known
and unknown risks, uncertainties and other factors that may cause
our actual results, levels of activity, performance, or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied by these forward-looking statements. You should not place
undue reliance on forward-looking statements since they involve
known and unknown risks, uncertainties and other factors which are,
in some cases, beyond our control and which could, and likely will,
materially affect actual results, levels of activity, performance
or achievements. Any forward-looking statement reflects our current
views with respect to future events and is subject to these and
other risks, uncertainties and assumptions relating to our
operations, results of operations, growth strategy and liquidity.
We assume no obligation to publicly update or revise these
forward-looking statements for any reason, or to update the reasons
actual results could differ materially from those anticipated in
these forward-looking statements, even if new information becomes
available in the future.
For more information, please
contact:
information@b2fs.com
Public Relations:
Tiger Marketing & Branding Agency
info@TigerGMP.com
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