Here is the third-quarter report from UFC’s parent company Endeavor.
https://www.endeavorco.com/news/article/?id=endeavor-releases-third-quarter-2021-results
Doesn’t have to rent a venue most often
Doesn’t have to pay for all the things that are associated with crowds at events.
PPVs are still huge gate, but the fight knights don’t earn much and they can be put on for pennies on the dollar as far as overhead goes
Plus they pay guys dick for the most part
Crowdless events are fucking lame and they are putting on a ton of em