Analysts on Wall Street project that Endeavor Group (EDR) will announce quarterly earnings of $0.18 per share in its forthcoming report, representing an increase of 175% year over year. Revenues are projected to reach $1.53 billion, increasing 21.3% from the same quarter last year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a company's ear ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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 ...

Financial Performance - Total revenue for Q3 2023 was $1,344,395, an increase of 10.1% from $1,221,416 in Q3 2022[23] - Operating income decreased to $31,875 in Q3 2023 from $157,169 in Q3 2022, reflecting a decline of 79.8%[23] - Net loss attributable to Endeavor Group Holdings, Inc. was $69,208 for Q3 2023, compared to a loss of $10,039 in Q3 2022[23] - Basic earnings per share for Q3 2023 was $(0.23), compared to $(0.04) in Q3 2022[23] - Total comprehensive loss attributable to Endeavor Group Holdings, Inc. was $(103,418) for Q3 2023, compared to $(9,317) in Q3 2022[25] - Comprehensive income for the nine months ended September 30, 2023, was $12.46 million, compared to a comprehensive loss of $10.02 million in the same period last year[29] - The consolidated net loss for the three months ended September 30, 2023, was $(115.984) million, compared to a net loss of $(12.538) million for the same period in 2022[127] - The basic loss earnings per share for the three months ended September 30, 2023, was $(0.23), compared to $(0.04) for the same period in 2022[127] Assets and Equity - Total assets increased to $21,901,625 as of September 30, 2023, up from $12,503,842 at the end of 2022, representing a growth of 75.5%[21] - Total shareholders' equity increased to $11,646,209 as of September 30, 2023, up from $3,053,493 at the end of 2022, a growth of 282.5%[21] - Total shareholders' equity as of September 30, 2023, is $11,646.20 million, an increase from $9,972 million at the beginning of the year[28] - The total equity attributable to Endeavor Group Holdings, Inc. was $4,763.00 million as of September 30, 2023[28] - As of September 30, 2022, total shareholders' equity amounted to $3,168,837,000, with an accumulated deficit of $10,039,000[32] Liabilities - Current liabilities rose to $2,922,818 as of September 30, 2023, compared to $2,414,540 at the end of 2022, an increase of 21.0%[21] - The balance of redeemable non-controlling interests increased to $300.30 million as of September 30, 2023, from $290.54 million at the beginning of the year[28] - As of September 30, 2023, total accrued liabilities increased to $707.2 million from $525.2 million as of December 31, 2022, representing a 34.6% increase[80] Cash Flow and Investments - Net cash provided by operating activities decreased to $287.8 million from $405.2 million, reflecting a decline of 29% year-over-year[37] - Cash and cash equivalents at the end of the period increased to $1.65 billion, up from $1.26 billion in the previous year, representing a growth of 30.3%[37] - The company reported a net cash provided by investing activities of $803.3 million, a significant turnaround from a net cash used of $661.0 million in the prior year[37] - Proceeds from business divestiture amounted to $1.08 billion, compared to $910.8 million in the previous year, indicating an 18.5% increase[37] Acquisitions and Divestitures - The company completed the acquisition of World Wrestling Entertainment, Inc. on September 12, 2023, forming a new publicly listed company, TKO Group Holdings, Inc.[56] - The acquisition of WWE was completed for a total purchase price of $8.4 billion, consisting of $8.0 billion in TKO Class A common stock, $321.0 million in cash, and $49.3 million in replacement awards[59] - The company divested its IMG Academy business for cash proceeds of $1.1 billion, recording a net gain of $737.0 million during the nine months ended September 30, 2023[67] Segment Performance - Owned Sports Properties segment revenue increased to $479,748 in Q3 2023 from $402,272 in Q3 2022, representing an increase of 19.2%[147] - Events, Experiences & Rights segment revenue decreased to $367,064 in Q3 2023 from $394,118 in Q3 2022, a decline of 6.9%[147] - Sports Data & Technology segment revenue rose to $124,847 in Q3 2023 from $46,720 in Q3 2022, marking a significant increase of 167.5%[147] Expenses - Direct operating costs for Q3 2023 were $487,886, an increase of 22.4% from $398,518 in Q3 2022[23] - Selling, general and administrative expenses rose to $715,231 in Q3 2023, up from $601,469 in Q3 2022, reflecting an 18.9% increase[23] - Impairment charges of $28.2 million were recorded for the three and nine months ended September 30, 2023, related to goodwill and intangibles in the Events, Experiences & Rights segment[197] Taxation - The provision for income taxes for the three months ended September 30, 2023, was $30.0 million, with an effective tax rate of (36.0)%[131] - The provision for income taxes for the nine months ended September 30, 2023, was $205.9 million, with an effective tax rate of 25.3%[132] - The Company released a valuation allowance for deferred tax assets due to expected partial realizability of foreign tax credits during the nine months ended September 30, 2023[135] Legal Matters - The company is involved in various legal proceedings, including claims totaling EUR 1,750 million related to alleged anti-competitive practices in media rights bidding[150] - The Company intends to vigorously defend against claims related to class-action lawsuits filed by former UFC fighters, with a trial date set for April 8, 2024[151]

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 ...