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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.
TKO Group Holdings, a premier sports and entertainment company, will disclose its second quarter 2024 financial results on August 8, 2024, prior to market opening. A live teleconference is scheduled at 8 a.m. ET / 5 a.m. PT the same day to discuss these results and provide a business update. Investors can access the earnings release, live call, and supporting materials on TKO’s investor relations website. The teleconference can be accessed via phone using conference ID: 736461. A recording will be available on the IR site shortly after the call and will remain accessible for at least 30 days.
EverPass Media has announced the acquisition of UPshow, enhancing its commercial media platform with streaming and performance marketing solutions. This move accelerates EverPass' business model, incorporating interactive and data analytics features. TKO Group Holdings has made a strategic investment, with President Mark Shapiro joining the EverPass Board. The acquisition allows commercial businesses to stream NFL Sunday Ticket starting in the 2024 NFL season. The combined platform will offer flexible and customized content management, real-time engagement, and new ad revenue opportunities, positioning EverPass to lead in commercial entertainment and marketing.
Endeavor Group Holdings (NYSE: EDR), a global sports and entertainment company, has announced a quarterly cash dividend of approximately $27 million.
Class A common stockholders will receive $0.06 per share, with the dividend payable on June 28, 2024, to those on record as of June 14, 2024.
Future dividends will be determined by Endeavor's board based on various factors, including financial performance and market conditions.
The declaration aligns with the merger agreement with Silver Lake, requiring quarterly dividends of $0.06 per share before closing.
TKO Group Holdings announced the merger of the UFC and WWE Live Events teams into a single unit, called the TKO Live Events Strategy Team. This strategic move aims to drive revenue growth through live event development, ticketing, and fan experiences. Peter Dropick, a key executive with extensive experience in UFC's live event success, will lead the new unit. The initiative aims to leverage the combined global popularity of UFC and WWE to maximize event revenue and operational efficiencies. Both UFC and WWE recorded strong attendance and revenue figures in Q1 2024, with UFC 297 in Toronto and WWE's Royal Rumble and Elimination Chamber setting multiple records. The integration is expected to boost TKO's growth both domestically and internationally by partnering with local governments and enhancing revenue opportunities from site fees.
Endeavor Group Holdings, Inc. (NYSE: EDR) released its first-quarter 2024 financial results, showing $1.850 billion in revenue, $303.5 million net loss, and $374.1 million Adjusted EBITDA. The company highlighted revenue growth across Owned Sports Properties, event success at TKO Group Holdings, and Professional Bull Riders. They also announced a definitive agreement to be acquired by Silver Lake. Segment operating results showed revenue increases in Owned Sports Properties and decreases in Events, Experiences & Rights, Representation, and Sports Data & Technology segments.
TKO Group Holdings, Inc. reported strong financial results for the first quarter of 2024, with revenue of $629.7 million and a net loss of $249.5 million. The company increased its full-year 2024 revenue and Adjusted EBITDA guidance to $2.610-$2.685 billion and $1.185-$1.205 billion, respectively. TKO settled all claims related to UFC antitrust lawsuits for $335 million. Operational highlights include record-setting live events for UFC and WWE, as well as new media rights agreements.
TKO Group Holdings, a premium sports and entertainment company, will have its President and COO, Mark Shapiro, participate in the J.P. Morgan Technology, Media, and Communications Conference on May 20, 2024. The event will take place in Boston, MA, and a live session link and replay will be available on the company's investor relations website.
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