Endeavor Group (EDR) reported $1.85 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 15.9%. EPS of $0.89 for the same period compares to $0.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.93 billion, representing a surprise of -4.31%. The company delivered an EPS surprise of +147.22%, with the consensus EPS estimate being $0.36.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

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 March 31, 2024 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 ...

Exhibit 99.1 Endeavor Releases First Quarter 2024 Results 1 • $1.850 billion in Q1 2024 revenue • Growth across Owned Sports Properties from live event ticket sales and partnerships at TKO Group Holdings, Inc. (NYSE: TKO) and Professional Bull Riders ("PBR") • Strength within events and experiences, including the Miami Open, Barrett-Jackson, and at On Location • In April, concluded our review of strategic alternatives with the announcement of a definitive agreement to be acquired by Silver Lake, the global ...

Huge Insider Buying in Media by Warren Buffet and More frender / iStock via Getty Images Yet again, the Oracle of Omaha has bolstered his stake in a media giant’s tracking stocks, even with shares in retreat. However, the largest insider purchase reported in the past week was part of a massive deal to take an entertainment giant private and launch a new media company. Plus, the fintech, biotech, and oil companies insiders were focused on.A well-known adage reminds us that corporate insiders and 10% owners ...

BOSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Endeavour Group Holdings, Inc. (NYSE:EDR) for breaches of fiduciary duty to shareholders. Investors who own Endeavor Group Holdings should contact the firm to learn more about their legal rights and options. For more details, visit https://www.blockleviton.com/cases/edr.  What is this all about? On April 2, 2024 Endeavor Group Holdings reached an agreement to be acquired by private equity firm Silver Lake in a deal with an equity va ...

BOSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Equity Litigation Group LLP is investigating the proposed sale of Endeavor Group Holdings, Inc. (NYSE:EDR) to Silver Lake. On April 2, 2024, Endeavor announced that its Board of Directors had agreed to sell the company to the company's controlling stockholder, Silver Lake, for $27.50 per share in cash. Equity Litigation Group's investigation of this transaction is ongoing but the firm believes that public investors may be receiving less than full value because of S ...

Private equity firm Silver Lake announced Tuesday that it's acquiring entertainment company Endeavor Group Holdings for $27.50 a share.Endeavor's stock was halted ahead of the announcement.Silver Lake will acquire 100% of the shares it does not already own. Endeavor is being acquired at an equity value of $13 billion, according to a release from the entertainment company."Since 2012, Endeavor's strategic partnership with Silver Lake and Egon Durban have been central to our evolution into the global sports a ...

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, ...

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million. The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share. The dividend will be paid on March 29, 2024 to Class A common stockholders of record ...

Financial Data and Key Metrics Changes - For Q4 2023, the company generated $1.58 billion in consolidated revenue, an increase of $322.3 million or 26% compared to Q4 2022 [30] - Adjusted EBITDA for Q4 was $292.8 million, up $53.2 million or 22% [30] - For the full year, revenue reached $5.96 billion, up $692 million or 13%, while adjusted EBITDA was $1.216 billion, an increase of $52 million or 5% [30][32] - The net loss for Q4 was $29.3 million, a significant improvement from a net loss of $225.7 million a year ago [31] - Full year net income was $557.5 million, compared to $321.7 million in the previous year [32] Business Line Data and Key Metrics Changes - The Owned Sports Properties segment generated $642.8 million in revenue for Q4, up $341.3 million or 113%, with adjusted EBITDA of $224.7 million, an increase of 58% [33] - Events, Experiences & Rights segment recorded revenue of $414.5 million in Q4, down 8%, with adjusted EBITDA of $13.7 million, down 55% [35] - Representation segment revenue was $427.4 million in Q4, up 5%, but adjusted EBITDA decreased by 17% [37] - Sports Data and Technology segment revenue for Q4 was $113.6 million, up 5%, with adjusted EBITDA down 5% [39] Market Data and Key Metrics Changes - The PBR segment drew 1.25 million fans in 2023, selling out nearly 40 events and setting over 50 revenue records [7] - The company secured significant media rights fee increases domestically and internationally, with TKO's deals delivering an increase of more than 1.4x in average annual value [14] - The sports betting market in the U.S. saw a 44% year-over-year revenue growth in 2023, with 37 states and D.C. having legal sports betting [47] Company Strategy and Development Direction - The company is focused on leveraging the Endeavor flywheel to create synergies and unlock growth, particularly through the integration of TKO [4][42] - Strategic tuck-in acquisitions have been made to strengthen representation capabilities in various sectors [4] - The company is reviewing strategic alternatives to maximize shareholder value [5][41] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's strong start to 2024, highlighting award wins and successful events [28] - The company anticipates continued growth driven by live events, partnerships, and licensing agreements [42] - There is a focus on optimizing products and services in the competitive sports data and technology market [46] Other Important Information - The company sold IMG Academy for an enterprise value of $1.25 billion [11] - The Miami Open and Madrid Open achieved record attendance in 2023, with 386,000 and 325,000 fans respectively [18][19] - The company has expanded its presence in the art fair sector through acquisitions [17] Q&A Session Summary Question: What are the expectations for the integration of TKO? - Management expects continued progress in integrating TKO, leveraging synergies to unlock value [42] Question: How is the company addressing the impact of strikes in the representation segment? - The company is focused on recovery in the TV and film industry post-strikes, with growth anticipated in sports and music divisions [45]