Endeavor Group Holdings ( (EDR) ) has released its Q3 earnings. Here is a breakdown of the information Endeavor Group Holdings presented to its investors.
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Endeavor Group Holdings, Inc. is a leading global sports and entertainment company specializing in talent representation, sports operations, and media production, known for owning major brands like UFC and WWE. In its third-quarter 2024 earnings report, Endeavor reported revenue of $2.032 billion, with significant growth in its Owned Sports Properties and Representation segments, despite recording a net loss of $420.4 million. Key performance highlights include a 53.2% revenue increase in the Owned Sports Properties segment, primarily due to the acquisition of WWE, and a 145.1% rise in the Events, Experiences & Rights segment revenue, boosted by the Paris 2024 Olympics. The Representation segment also saw a revenue increase of 11.3%, driven by consumer demand for live events post-WGA and SAG-AFTRA strikes. Despite the net loss, the company continues to focus on strategic initiatives, including a take-private transaction with Silver Lake and the sale of certain assets to TKO Group Holdings. Looking ahead, Endeavor remains committed to maintaining business momentum and completing its strategic transactions while enhancing shareholder value.
