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 (NYSE: EDR) has completed its acquisition of OpenBet from Light & Wonder (NASDAQ: LNW) for approximately $800 million, comprising $750 million in cash and shares. This strategic move aims to enhance Endeavor’s presence in the sports betting industry, merging OpenBet's technology and expertise with Endeavor's IMG ARENA. The merger will create a new segment, Sports Data & Technology, starting January 2023, and is expected to generate significant value for customers and fans.
Endeavor (NYSE: EDR) has appointed Richard Weitz and Christian Muirhead as co-chairmen of its WME talent agency, succeeding Lloyd Braun, who will step down at the end of 2022. Mark Shapiro, President of Endeavor, praised Braun for navigating WME through the pandemic and achieving a record financial year. Weitz, with a 25-year history at WME, and Muirhead, who has been with the company for 18 years, are expected to lead WME into its next phase, leveraging Endeavor's expansive network.
Endeavor Group Holdings (NYSE: EDR) announced CFO Jason Lublin will participate in a virtual fireside chat at the Bank of America Media, Communications & Entertainment Conference on September 8, 2022, at 2:50 p.m. PT. CEO Ari Emanuel will also join a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 12, 2022, at 11:30 a.m. PT. Links to both sessions and replays will be available on Endeavor's investor relations website.
Endeavor is a global leader in sports and entertainment, encompassing WME, IMG, and UFC.
Endeavor's IMG has acquired a majority stake in Barrett-Jackson, a leader in collector car auctions and events. This partnership aims to leverage IMG's global expertise to enhance Barrett-Jackson's offerings and accelerate its growth in the collector car market. Barrett-Jackson conducts high-profile auctions attracting over 300,000 attendees annually, with annual sales surpassing 3,600 cars. CEO Craig Jackson expressed excitement for new opportunities to optimize fan experiences. The acquisition aligns with rising demand for collector cars and innovative automotive events.
Endeavor Group Holdings, Inc. (NYSE: EDR) reported Q2 2022 revenue of $1.313 billion with a net income of $42.2 million and Adjusted EBITDA of $306.4 million. The company raised its full-year EBITDA guidance to between $1.130 billion and $1.170 billion, reflecting strong growth across all segments. Notable increases in revenue were seen in Owned Sports Properties (+28%) and Events, Experiences & Rights (+19%). Endeavor plans to repay $250 million in debt by Q3 2022, aided by a $400 million reduction in OpenBet purchase price and funds from the sale of Diamond Baseball Holdings.
Endeavor Group Holdings, Inc. (NYSE: EDR) announced the sale of its Professional Development League (PDL) business, Diamond Baseball Holdings (DBH), to Silver Lake, a tech investment firm. DBH has acquired 10 Minor League Clubs, enhancing local baseball management and operations. The transaction is expected to close in Q4 2022, pending regulatory approvals. Executives Pat Battle and Peter Freund will continue to lead DBH under Silver Lake's ownership, which aims to grow the PDL business further.
Endeavor Group Holdings, Inc. (NYSE: EDR) will release its second quarter 2022 results on August 11, 2022, after market hours. A live teleconference to discuss these results will be held at 2 p.m. PT / 5 p.m. ET. The earnings release and call will be available on Endeavor’s Investor Relations site. Investors are encouraged to submit questions beforehand. Endeavor is a leading global sports and entertainment company, home to notable agencies and organizations like WME and UFC.
Light & Wonder has amended its purchase agreement with Endeavor Group Holdings for the sale of its OpenBet sports betting business. The revised deal is set to yield approximately
Endeavor Group Holdings (NYSE: EDR) announces President Mark Shapiro will join a virtual fireside chat at the Credit Suisse 24th Annual Communications Conference on Tuesday, June 14, 2022, at 4 p.m. ET. A link to the live session and a replay available for 30 days will be found on Endeavor's investor relations website.
Endeavor is a leading global sports and entertainment company, featuring renowned brands and events like WME, IMG, and UFC, focusing on talent representation, sports operations, media production, and experiential marketing.
Endeavor Group Holdings, Inc. (NYSE: EDR), a leading global sports and entertainment firm, announced that Executive Chairman Patrick Whitesell will participate in a virtual fireside chat on June 1, 2022, at 10:40 a.m. ET during the Barclays Future of Media Conference. Interested parties can access the live session and a replay for 30 days via the Endeavor investor relations website. Endeavor encompasses major industry players such as WME, IMG, and UFC, specializing in talent representation, sports operations, and media production.
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