of expense rather than as revenue. This is “netting revenue against expense” and is a violation of GAAP. The Revenue Definition and Recognition section of OUC's Accounting Handbook provides guidance ...

These expenses are not initially recorded on a company’s income statement for the period when the money changes hands. Instead, prepaid expenses are first recorded on the balance sheet as an asset.

Notably, cost of sales worth US$682.8m amounted to 54% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs ...

Full Year 2024 Results Key Financial Results Revenue: €8.84b (up 7.9% from FY 2023).

For starters, $28,232,682 of OU’s operating revenue was unrelated to specific sports, according to the report, while $79,489,028 of its expenses were also non-sport specific.