Endeavor Announces Q4 2023 Cash Dividend

Rhea-AI Summary

Endeavor Group Holdings, Inc. (NYSE: EDR) declared a quarterly cash dividend of approximately $27 million, amounting to $0.06 per share for Class A common stockholders. The dividend will be paid on December 29, 2023, to stockholders of record as of December 15, 2023. Future dividends are subject to various factors including financial condition, market conditions, and legal requirements.

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 December 29, 2023 to Class A common stockholders of record as of December 15, 2023.

Future declarations of quarterly dividends are subject to the determination and discretion of Endeavor based on its consideration of various factors, such as its results of operations, financial condition, market conditions, earnings, cash flow requirements, restrictions in our debt agreements and legal requirements and other factors that Endeavor deems relevant.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including the expected dividend payment date and timing thereof. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to those factors discussed in Part I, Item 1A “Risk Factors” in Endeavor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, as any such factors may be updated from time to time in the Company’s other filings with the SEC, including without limitation, the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, accessible on the SEC’s website at www.sec.gov and Endeavor’s Investor Relations site at investor.endeavorco.com. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, Endeavor undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

About Endeavor

Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The Endeavor network specializes in talent representation through entertainment agency WME; sports operations and advisory, event management, media production and distribution, and brand licensing through IMG; live event experiences and hospitality through On Location; full-service marketing through global cultural marketing agency 160over90; and sports data and technology through IMG ARENA and OpenBet. Endeavor is also the majority owner of TKO Group Holdings, Inc. (NYSE: TKO), a premium sports and entertainment company comprising UFC and WWE.

Website Disclosure

Investors and others should note that Endeavor announces material financial and operational information to its investors using press releases, SEC filings and public conference calls and webcasts, as well as its Investor Relations site at investor.endeavorco.com. Endeavor may also use its website as a distribution channel of material Company information. In addition, you may automatically receive email alerts and other information about Endeavor when you enroll your email address by visiting the “Investor Email Alerts” option under the Resources tab on investor.endeavorco.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231201883023/en/

Investors: investor@endeavorco.com

Press: press@endeavorco.com

Source: Endeavor Group Holdings

FAQ

What is the latest announcement from Endeavor Group Holdings, Inc. (NYSE: EDR)?

Endeavor Group Holdings, Inc. (NYSE: EDR) declared a quarterly cash dividend of approximately $27 million, amounting to $0.06 per share for Class A common stockholders.

When will the dividend be paid to Endeavor Group Holdings, Inc. (NYSE: EDR) stockholders?

The dividend will be paid on December 29, 2023, to stockholders of record as of December 15, 2023.

What factors determine future quarterly dividends for Endeavor Group Holdings, Inc. (NYSE: EDR)?

Future declarations of quarterly dividends are subject to various factors including financial condition, market conditions, earnings, cash flow requirements, restrictions in debt agreements, and legal requirements.