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Endeavor Group Holdings Inc (EDR)
NYSE:EDR
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.41Last Year’s EPS
$0.15Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 7.72%
|Next Earnings Date:Feb 26, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements in the sports segment, strategic acquisitions, and partnerships that drove strong financial performance. However, challenges in the Events, Experiences & Rights segment and the impact of industry strikes on the representation segment were notable lowlights.Company Guidance
During the Endeavor Fourth Quarter and Full Year 2023 Earnings Call, key guidance metrics highlighted included a strong revenue performance with consolidated revenue reaching $1.58 billion in Q4, marking a 26% increase, and $5.96 billion for the full year, up 13% year-over-year. Adjusted EBITDA rose by 22% to $292.8 million in Q4, and by 5% to $1.216 billion for the full year. The Owned Sports Property segment, bolstered by the acquisition of WWE, saw a 113% revenue increase in Q4 to $642.8 million, while the Representation segment managed a 5% revenue increase to $427.4 million in Q4 despite industry strikes. The Sports Data and Technology segment grew its annual revenue by 80% to $469.8 million, supported by OpenBet's full-year inclusion. Endeavor also maintained a net leverage of approximately 3.2x, with net debt standing at $3.89 billion by year-end. The company did not provide annual guidance estimates for 2024 due to an ongoing strategic alternatives review.Record Financial Performance in Sports Segment
UFC delivered record financial performance in 2023, and WWE had its highest revenue year ever for live events. TKO marked a strong start with record viewership and attendance.
Significant Revenue and EBITDA Growth
Fourth-quarter revenue increased by 26% to $1.58 billion, and adjusted EBITDA rose by 22% to $292.8 million. For the full year, revenue was up by 13% to $5.96 billion.
Successful Strategic Acquisitions and Partnerships
Endeavor closed its acquisition of WWE, launched TKO, and secured significant partnerships and media rights deals, including a new deal with Netflix for WWE content.
PBR and IMG Achievements
PBR events drew 1.25 million fans setting over 50 revenue records in 2023, and IMG secured landmark partnerships for the National Women's Soccer League and NCAA.
Expansion in Sports Data and Technology
OpenBet and IMG Arena secured significant new partnerships and expanded their data and streaming rights portfolio.
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EDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $28.97 | $28.93 | -0.14% |
| Aug 08, 2024 | $27.07 | $27.38 | +1.15% |
| May 09, 2024 | $26.30 | $26.24 | -0.23% |
| Feb 28, 2024 | $24.22 | $23.29 | -3.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Endeavor Group Holdings Inc (EDR) report earnings?
Endeavor Group Holdings Inc (EDR) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Endeavor Group Holdings Inc (EDR) earnings time?
Endeavor Group Holdings Inc (EDR) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EDR EPS forecast?
EDR EPS forecast for the fiscal quarter 2024 (Q4) is $0.41.
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