Endeavor(US:EDR) ZACKS·2024-11-07 16:00Core Insights - Endeavor Group reported revenue of $2.03 billion for the quarter ended September 2024, reflecting a 51.1% increase year-over-year, but fell short of the Zacks Consensus Estimate of $2.13 billion by -4.69% [1] - The company's EPS was $0.17, a significant decline from $0.48 in the same quarter last year, resulting in an EPS surprise of -72.58% against the consensus estimate of $0.62 [1] Revenue Performance - Revenue from Owned Sports Properties reached $735.21 million, exceeding the average estimate of $704.35 million, marking a year-over-year increase of +53.3% [3] - Revenue from Eliminations was reported at -$32.38 million, worse than the estimated -$15.89 million, representing a +151.4% change year-over-year [3] - Revenue from Representation was $429.21 million, slightly below the average estimate of $441.04 million, with a year-over-year increase of +11.3% [3] - Revenue from Events, Experiences & Rights was $899.76 million, falling short of the average estimate of $998.23 million, but still showing a +145.1% increase year-over-year [3] Adjusted EBITDA Analysis - Adjusted EBITDA for Corporate was reported at -$94.82 million, slightly worse than the average estimate of -$92.82 million [3] - Adjusted EBITDA for Representation was $124.92 million, below the estimated $132.34 million [3] - Adjusted EBITDA for Events, Experiences & Rights was -$67.97 million, significantly lower than the average estimate of $182.60 million [3] - Adjusted EBITDA for Owned Sports Properties was $315.47 million, nearly in line with the average estimate of $315.62 million [3] Stock Performance - Endeavor's shares have returned -0.7% over the past month, contrasting with the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [4]