I couldn't make out what happens at the end of the much anticipated Thor-vs-Hulk fight in Thor: Ragnarok. We see that for most of the fight:
Thor and Hulk are evenly matched. Hulk starts out strong at the beginning, but Thor finds his powers of thunder / lightning and is able to hold his own.
And at the end of the fight:
Hulk makes a huge jump, seemingly to finish off Thor. The entire crowd, and the rest of the gladiators, actually seem to sympathize with Thor at this point, but wait for the inevitable and for Hulk to finish off Thor.
Thor puts up his hand. The scene cuts out to black. We see Thor waking up in a room, which we find later is Hulk's quarters.
So what exactly happens there? One more thing:
The grandmaster promised Thor his freedom if he defeats his "champion" (Hulk). Since Thor is still on Skaar after the fight, I'm assuming he didn't defeat Hulk.
But there's a contradiction:
It's implied that all of the Hulk's previous opponents perished during their fight with Hulk. So Thor didn't technically lose either, since he's very much alive after the fight.