STAMFORD, Conn.--(BUSINESS WIRE)--WWE, part of TKO Group Holdings, Inc. (NYSE: TKO), and Netflix (NASDAQ: NFLX) today announced a long-term partnership that will bring WWE’s flagship weekly program – Raw – to the world’s leading entertainment service. This marks a major programming shift as Raw leaves linear television for the first time since its inception 31 years ago. Beginning in January 2025, Netflix will be the exclusive new home of Raw in the U.S., Canada, U.K. and Latin America, among other territo ...

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (NYSE: TKO) (“TKO”), a premium sports and entertainment company, has appointed Dwayne Johnson to its Board of Directors, effective today. Johnson, one of the most decorated WWE Superstars in company history and the most followed American man globally on social media platforms, brings decades of experience in live entertainment and sports to the Board. Through his expansive business portfolio, which includes Seven Bucks Productions, Teremana Tequila, ZOA E ...

Endeavor Group (EDR) shares ended the last trading session 6.6% higher at $24.57. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 1.7% loss over the past four weeks.Silver Lake Management is reportedly planning to sell parts of EDR after it takes the company private. Silver Lake holds a 71% voting stake in Endeavor. The company is progressing with its plans announced in October, in which it said it was evaluating s ...

People clinking glasses with sparkling wine indoors , closeupgettyI was at the State Fair with one of my best friends from Elementary School. We were 2,000 miles from our old school stompin’ grounds. And my buddy had been, ahem, a bit overserved.“It feels like the first time!” he belted alongside Lou Gramm, the former lead singer of Foreigner. No longer kids, we had matured. Now we were slamming beers within sud-splashing distance of the Lou Gramm Band.We’ll channel Lou and Foreigner today as we consider fi ...

NEW YORK--(BUSINESS WIRE)--TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company, today announced that it has combined the UFC and WWE global partnerships teams into one unit, providing brands with access to one of the most formidable sports marketing portfolios in the world. UFC and WWE, which collectively serve more than one billion young and diverse fans in 170 countries, provide brand partners unparalleled scale and reach across multiple platforms, including premium live even ...

Endeavor Group Holdings, Inc. (NYSE:EDR) Q3 2023 Earnings Conference Call November 8, 2023 8:00 AM ET Company Participants James Marsh - IR Ari Emanuel - CEO Jason Lublin - CFO Mark Shapiro - President and COO Conference Call Participants David Karnovsky - J.P. Morgan Stephen Laszczyk - Goldman Sachs Stephen Glagola - TD Cowen David Joyce - Seaport Global Operator Hello and welcome to the Endeavor's Third Quarter 2023 Results Call. My name is Lauren, and I will be coordinating your call today. There will be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40373 ENDEAVOR GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdict ...

Endeavor Group Holdings, Inc. (NYSE:EDR) Q2 2023 Earnings Conference Call August 8, 2023 5:00 PM ET Company Participants James Marsh - IR Ari Emanuel - CEO Jason Lublin - CFO Mark Shapiro - President and COO Conference Call Participants John Hodulik - UBS Ben Swinburne - Morgan Stanley Bryan Kraft - Deutsche Bank Stephen Laszczyk - Goldman Sachs Jessica Reif Ehrlich - Bank of America Securities David Joyce - Seaport Global Tom Champion - Piper Sandler Operator Good afternoon. Thank you for attending the End ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40373 ENDEAVOR GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction o ...

Financial Data and Key Metrics Changes - The company generated $1.597 billion in consolidated revenue for Q1 2023, an increase of $123.1 million or 8.4% compared to the prior year [26] - Adjusted EBITDA for the quarter was $306.4 million, down $8.1 million or 2.6% from the prior year [26] - Free cash flow was $42 million, up $122 million over the prior year [26] Business Line Data and Key Metrics Changes - Owned Sports Properties segment revenue was $353.3 million, up $56.6 million or 19%, with adjusted EBITDA of $185.7 million, up 25% [26][30] - Events, Experiences & Rights segment reported revenue of $800.8 million, up $19.9 million or 2.5%, with adjusted EBITDA down 14.3% [28] - Representation segment revenue was $350.2 million, a decrease of $7.1 million or 2%, with adjusted EBITDA down 17% [29] - Sports Data & Technology segment revenue was $100.9 million, an increase of 124%, with adjusted EBITDA down 31% [30] Market Data and Key Metrics Changes - UFC events saw record-breaking attendance, with UFC 284 in Perth being the highest grossing event in Australia and UFC 285 in Las Vegas being the highest grossing Pay-Per-View event in the past 12 months [27] - PBR had its best start to the year in its 30-year history, with 24 sold-out performances and 31 event revenue records [20][27] Company Strategy and Development Direction - The company aims to integrate UFC and WWE under a new publicly listed company, TKO, to create a global live sports and entertainment entity [18] - The company is focused on capital allocation to fuel growth and leverage its portfolio effectively [18] - Plans to redeploy capital include paying down debt, stock buybacks, and initiating a quarterly dividend [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of the theatrical business and the demand for premium content [9][22] - The company is monitoring the impact of the writers' strike on its Representation segment, with potential effects depending on the duration of the strike [22][45] - The company remains well-positioned to capitalize on resilient trends in premium content and live events [22] Other Important Information - The company sold IMG Academy for $1.25 billion and Endeavor Content for $1 billion, highlighting the value of its portfolio [11][18] - The company expects net leverage to decrease significantly by year-end following the IMG Academy sale and the anticipated close of the UFC-WWE transaction [30] Q&A Session All Questions and Answers Question: Can you discuss the rationale behind the dividend and buyback at this stage? - Management indicated that the sale of IMG Academy provides greater financial flexibility and an opportunity to return capital to shareholders while still pursuing growth [44] Question: What is the current status of the writers' strike and its potential impact? - Management stated that the duration of the strike is uncertain, and its impact will depend on various factors, including ongoing negotiations [45] Question: Can you elaborate on the opportunity to bundle UFC and WWE content? - Management is currently focused on integration and cost management rather than bundling content at this stage [47] Question: What is the optimal debt leverage for the company going forward? - Management aims to maintain a leverage ratio below 4x, with expectations to be in the mid-2s post-TKO transaction [50] Question: How is the operating free cash flow trending? - Management noted that Q1 free cash flow was $42 million, indicating a positive trend despite being seasonally light [52]