Endeavor Group Holdings, Inc. - EDR STOCK NEWS

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.

Endeavor Group Holdings (NYSE: EDR) reported Q1 2021 revenue of $1.07 billion, down from $1.19 billion in Q1 2020. Operating income increased to $94.5 million from $53.8 million the previous year. The company shifted from a net loss of $51.3 million in Q1 2020 to a net income of $2.4 million. Adjusted EBITDA rose to $199.5 million. Despite COVID-19 impacts, the company expects 2021 revenue between $4.76 and $4.83 billion. Cash and equivalents totaled $880.9 million, with total debt at $5.872 billion.

The IOC, IPC, and Organising Committees for Paris 2024, Milano Cortina 2026, and LA28 have introduced a new global hospitality model. On Location has been appointed as the exclusive hospitality provider offering ticket-inclusive travel experiences. This initiative aims to improve services for fans and support athletes' families with dedicated ticket inventory and travel assistance. IOC President Thomas Bach highlighted the importance of simplified processes, better oversight, and governance. This model also reinforces revenue generation to support Olympic teams, enhancing the overall Games experience.

Endeavor Group Holdings (NYSE: EDR) will release its first quarter 2021 financial results on June 2, 2021, after market hours. An audio webcast to discuss these results and provide a business update will take place at 1:30 p.m. PT / 4:30 p.m. ET. The webcast can be accessed online, and a recording along with the earnings release will be available on Endeavor's investor relations site. Endeavor is a leader in global entertainment, sports, and content, with well-known entities like WME, IMG, and UFC under its umbrella.

Endeavor Group Holdings, Inc. announced the pricing of its initial public offering (IPO) of Class A common stock at $24.00 per share, offering 21,300,000 shares, with an additional option for underwriters to purchase 3,195,000 shares. Trading is set to commence on the New York Stock Exchange under the symbol 'EDR' on April 29, 2021, with the offering expected to close on May 3, 2021, pending customary conditions. The registration statement was effective as of April 28, 2021.