Welcome to our dedicated page for Endeavor Group Holdings news (Ticker: EDR), a resource for investors and traders seeking the latest updates and insights on Endeavor Group Holdings stock.
Endeavor Group Holdings, Inc. (symbol: EDR) is an American holding company renowned for its comprehensive services in the entertainment, sports, and media industries. Based in Beverly Hills, California, Endeavor represents a diverse array of artists across various platforms including film, television, music, theater, digital media, and publishing.
Endeavor Group Holdings operates through four main segments:
- Owned Sports Properties
- Events, Experiences & Rights
- Sports
- Representation
The company is particularly recognized for its Events, Experiences & Rights segment, which is a major revenue driver. This segment encompasses a wide range of live events including sports, fashion, art fairs, music festivals, culinary festivals, and other lifestyle events. In addition to these, Endeavor provides extensive services in talent representation, content development, content distribution, event management, marketing, and licensing.
Endeavor's strategic business model integrates these capabilities to offer direct-to-consumer products and services, making it a pivotal player in the entertainment and sports sectors. The company has recently expanded its portfolio through strategic partnerships and projects aimed at enhancing its content and service offerings.
Geographically, Endeavor Group Holdings generates the majority of its revenue from the United States, where it has a strong foothold in the market. The company's financial health is robust, backed by steady revenue streams from its diverse segments and a growing list of high-profile clients.
Endeavor is continually evolving, with recent achievements including new event launches and enhanced digital media capabilities, ensuring it remains at the forefront of the industry. For the latest updates and developments about Endeavor Group Holdings, stay tuned to the news section.
Endeavor Group Holdings (EDR) reported strong Q3 2021 results with a revenue of $1.4 billion and net income of $63.6 million. The company raised its 2021 revenue guidance to between $4.89 and $4.95 billion, and adjusted EBITDA guidance to $835-$845 million. Notably, representation revenue surged to $664.7 million, driven by increased agency commissions and project deliveries. However, owned sports properties revenue decreased due to a prior contract termination fee. Endeavor announced its intent to acquire OpenBet, enhancing its IMG ARENA business.
Endeavor Group Holdings (NYSE: EDR) will release its Q3 2021 results on November 15, 2021, after market hours. A teleconference to discuss the results will take place at 1:30 p.m. PT / 4:30 p.m. ET on the same day. Investors can access the earnings release and live call via the company’s IR site, with a recording available for 30 days post-event. For inquiries, investors are encouraged to submit questions in advance to investor@endeavorco.com.
Endeavor Group Holdings (NYSE: EDR) has announced its acquisition of OpenBet, a prominent sports betting content and platform provider, from Scientific Games Corporation (NASDAQ: SGMS) for $1.2 billion. The deal comprises $1 billion in cash and $200 million in Endeavor Class A common stock, aiming to enhance Endeavor’s offerings in the rapidly growing sports betting industry. The transaction is poised to close in Q2 2022, pending regulatory approvals, and is expected to create a comprehensive solution for sportsbook operators worldwide.
Scientific Games Corporation (SGMS) has entered a definitive agreement to sell its Sports Betting business, OpenBet, to Endeavor Group Holdings (EDR) for $1.2 billion. The deal involves $1 billion in cash and $200 million in Endeavor Class A stock. The transaction is set to close in Q2 2022, pending regulatory approval. OpenBet is a leading sports betting technology provider, serving over 75 global customers. This sale aims to optimize Scientific Games' portfolio and enhance financial flexibility for future investments in key growth areas.
Endeavor Group Holdings (NYSE: EDR) announced that CEO Ariel Emanuel will participate in a virtual fireside chat at the Goldman Sachs Communacopia Conference on September 21, 2021, at 2:55 p.m. ET. A link to stream the session live and access a replay for 30 days will be available on Endeavor's investor relations website.
Endeavor is a global entertainment, sports, and content company that includes industry leaders such as WME and UFC, specializing in talent representation and media production.
Endeavor Group Holdings, Inc. (NYSE: EDR) has appointed Jacqueline Reses to its Board of Directors. Reses, a seasoned technology executive, brings significant experience with public companies, including her roles at Square and Yahoo. She currently leads Post House Capital, focusing on consumer and financial technology. CEO Ariel Emanuel expressed confidence that Reses' expertise in corporate finance and technology will be valuable for Endeavor's growth strategies. Reses aims to leverage Endeavor's diverse portfolio to enhance its position in the sports and entertainment sectors.
Endeavor Group Holdings (NYSE: EDR) reported a strong financial performance for Q2 2021, with revenues soaring to $1.1 billion, an increase of approximately $650 million compared to Q2 2020. The company's success was attributed to the return of live events and increased content production. Highlights include a record-setting performance by UFC and a $600 million debt repayment. The company anticipates annual revenue between $4.8 and $4.85 billion, with adjusted EBITDA expected between $765 and $775 million, showcasing resilience despite ongoing pandemic challenges.
Endeavor Group Holdings, a leading global entertainment and sports company, will announce its Q2 2021 financial results after market close on August 16, 2021. A live teleconference to discuss these results is scheduled for 1:30 p.m. PT / 4:30 p.m. ET on the same day. Investors can access the earnings release on Endeavor’s investor relations site and are encouraged to submit questions in advance. Endeavor is known for its prominent divisions, including WME, IMG, and UFC, focusing on talent representation, sports operations, and media production.
Endeavor Group Holdings, Inc. (NYSE: EDR) announced that Ursula Burns, former Chair and CEO of Xerox and VEON, has joined its Board of Directors. With over 25 years at Xerox, she led significant transformations, transitioning the company into a diversified business services entity. Burns has also been involved with various organizations, advocating for inclusivity and diversity. CEO Ariel Emanuel expressed enthusiasm about Burns' experience with global companies during transformative times, which will be crucial as Endeavor embarks on its next chapter.
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