

	Three Months Ended March 31,
	2024		2023
UFC	$	195,083	$	186,257
WWE		140,213		—
Corporate		(53,136)		(13,649)
Total Adjusted EBITDA		282,160		172,608
Reconciling items:
Equity (earnings) losses of affiliates		(50)		263
Interest expense, net		(64,466)		(53,908)
Depreciation and amortization		(107,161)		(15,152)
Equity-based compensation expense		(30,225)		(5,795)
Merger and acquisition costs		(520)		(5,415)
Certain legal costs (1)		(345,199)		(442)
Restructuring, severance and impairment		(9,235)		—
Other adjustments		(386)		(316)
(Loss) income before income taxes and equity losses of affiliates	$	(275,082)	$	91,843

(1)During the three months ended March 31, 2024, certain legal costs included a legal settlement related to UFC antitrust lawsuits of $335.0 million. Of this amount, $200.0 million is included as a component of accrued liabilities (see Note 6, Supplementary Data) and $135.0 million is included as a component of other long-term liabilities in our consolidated balance sheets as of March 31, 2024.