Endeavor Group Holdings, Inc. - EDR STOCK NEWS

Endeavor Group Holdings (NYSE: EDR) reported impressive financial results for the fiscal year and Q4 2022. Full year revenue reached $5.268 billion, with net income of $321.7 million and adjusted EBITDA of $1.164 billion. The UFC achieved 21 consecutive sellouts, while the Events, Experiences & Rights segment saw revenue grow 21% year-over-year. The company made $500 million in discretionary debt payments, improving net leverage. Looking ahead, Endeavor projects 2023 revenue of $5.825 billion to $5.975 billion, marking a 12% expected growth at midpoint, and adjusted EBITDA between $1.250 billion to $1.305 billion.

Endeavor Group Holdings (NYSE: EDR) announced that CEO Ariel Emanuel will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on March 8, 2023, at 1:30 p.m. PT (4:30 p.m. ET). A live link and a 30-day replay will be available on Endeavor's investor relations website. Endeavor is a global sports and entertainment company, comprising various industry leaders, including WME, IMG, and UFC. The company focuses on talent representation, sports operations, media production, and brand licensing.

Endeavor Group Holdings (NYSE: EDR) will announce its fourth quarter and full year 2022 financial results on February 28, 2023, after market hours. A teleconference to discuss the results is set for 2 p.m. PT / 5 p.m. ET on the same day. Investors can access the earnings release and call via Endeavor's Investor Relations site. A recording will be available shortly after the call and for at least 30 days. Endeavor operates globally in sports and entertainment, representing renowned entities such as WME, IMG, and UFC, focusing on talent representation and media production.

Endeavor Group Holdings (NYSE: EDR) announced that CFO Jason Lublin will participate in a virtual fireside chat at the Jefferies Winter Summit on January 21, 2023, at 8 a.m. ET. The session will be accessible via a link in the News / Events section of Endeavor's investor relations website, allowing for a 30-day replay. Endeavor is a global leader in sports and entertainment, featuring prominent brands and organizations like WME, IMG, and UFC.

Endeavor Group Holdings (NYSE: EDR) reported Q3 2022 revenue of $1.221 billion, demonstrating resilience amid economic challenges. The company raised its full-year Adjusted EBITDA guidance to a range of $1.145 billion to $1.175 billion, indicating a 32% year-over-year growth. The quarter saw a net loss of $12.5 million and a 24.8% Adjusted EBITDA margin. Key growth drivers included a 39% revenue increase in Owned Sports Properties, despite a 42% decline in the Representation segment due to prior year sales. Total debt decreased to $5.427 billion.

Endeavor Group Holdings, Inc. (NYSE: EDR) announced that President Mark Shapiro will participate in a fireside chat at the 2022 RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference on Tuesday, November 15, 2022, at 8:10 a.m. PT / 11:10 a.m. ET. The live session, along with a replay available for 30 days, can be accessed via the investor relations website. Endeavor is a global leader in sports and entertainment, encompassing significant brands and events like WME, IMG, and UFC.

Endeavor Group Holdings has sold The Miss Universe Organization (MUO) to Thailand's JKN Global Media. Since joining Endeavor in 2015, MUO has expanded its global reach, now broadcasting the MISS UNIVERSE competition in 165 countries. The event is the most-watched female-focused competition worldwide, with over 23 million followers on social media. MUO's leadership will remain unchanged, continuing to foster growth in collaboration with JKN, which aims to evolve the brand for future generations.

Endeavor Group Holdings, Inc. (NYSE: EDR) will release its third quarter 2022 results after market hours on November 10, 2022. A teleconference to discuss these results is scheduled for 2 p.m. PT / 5 p.m. ET on the same day. The call will be accessible via Endeavor’s investor relations site, where a recording will be available for 30 days post-call. Endeavor operates in sports and entertainment, representing talents through WME, IMG, and UFC, and focuses on various sectors including event management and media production.

Light & Wonder, Inc. (NASDAQ: LNW) completed the sale of its Sports Betting Business, OpenBet, to Endeavor Group Holdings, Inc. (NYSE: EDR) for approximately $800 million. This transaction resolves the company’s strategic plan initiated in June 2021 to streamline operations and enhance financial flexibility. As a result, Light & Wonder is positioned to achieve a targeted net debt leverage ratio of 2.5x to 3.5x and increase shareholder returns through a robust capital return strategy, backed by a double-digit growth profile and strong cash flow.