EdR Stock Price, News & Analysis

OpenBet, a leading betting and gaming entertainment company, has announced the completion of its sale by Endeavor Group Holdings (NYSE: EDR) to OB Global Holdings in a management buyout backed by Ariel Emanuel and OpenBet executives. CEO Jordan Levin continues to lead the business.

The company's platform serves 200+ operators worldwide and powers 20+ World Lottery Association members globally. OpenBet is expanding in Brazil, having launched with BandBet and securing additional strategic partnerships. The company is enhancing player protection through Neccton's AI-driven technology and continues investing in innovations like BetBuilder and OpenBet Locator™.

In a separate transaction announced March 19, 2025, Endeavor agreed to sell IMG ARENA, its sports betting data business under OpenBet, to Sportradar. The transaction is expected to close in Q4 2025, subject to regulatory approval.

Silver Lake has announced the closing of its acquisition of Endeavor Group Holdings (NYSE: EDR) on March 24, 2025, at $27.50 per share. The deal price represents a 57% premium over Endeavor's unaffected closing price on October 24, 2023. The company addresses concerns about hedge funds that acquired positions after the deal announcement seeking appraisal rights.

Silver Lake states it will not pay merger consideration at closing to dissenting shareholders until full resolution of appraisal claims. Only shareholders who submitted valid appraisal demands by February 4, 2025, can pursue these claims under Delaware law. The company emphasizes that the stock price increase is attributed to artificial inflation through arbitrage activity by hedge funds.

TKO Group Holdings (NYSE: TKO) has completed its acquisition of key sports assets from Endeavor Group Holdings, including IMG, On Location, and Professional Bull Riders (PBR). The strategic acquisition strengthens TKO's portfolio in the sports and entertainment sector.

IMG, a global sports marketing agency, services over 200 rightsholders including The British Open, Wimbledon, and Major League Soccer. On Location provides premium hospitality for more than 1,200 sporting events, including NFL events, FIFA World Cup 26™, and upcoming Olympic Games. PBR, the world's premier bull riding organization, promotes over 200 global events annually.

The acquisition excludes IMG's licensing, models, tennis and golf representation businesses, and certain events portfolio, which remain with Endeavor. Morgan Stanley & Co. acted as TKO's financial advisor, while The Raine Group and Latham & Watkins LLP served Endeavor.

Endeavor Group Holdings (NYSE: EDR) reported its Q4 and full-year 2024 financial results, with annual revenue reaching $7.111 billion. The company posted a net loss of $1.215 billion for 2024, with Adjusted EBITDA of $1.316 billion.

The Owned Sports Properties segment showed strong growth, up 64% year-over-year to $2.985 billion, primarily driven by the WWE acquisition contributing $1.0 billion and increased UFC performance. The Representation segment grew 9% to $1.688 billion, while Events, Experiences & Rights segment revenue increased 16% to $2.529 billion.

Significant corporate developments include a pending $3.25 billion all-equity transaction with TKO Group Holdings to acquire PBR, On Location, and IMG assets, and a take-private agreement with Silver Lake offering shareholders $27.50 per share. The company ended 2024 with $1.201 billion in cash and $5.678 billion in total debt.

TKO Group Holdings (NYSE: TKO) reported strong Q4 and full-year 2024 financial results. Q4 revenue reached $642.2M (+5% YoY) with net income of $47.5M and Adjusted EBITDA of $238.1M (+7% YoY).

For full-year 2024, revenue totaled $2.804B (+67% YoY), with net income of $6.4M and Adjusted EBITDA of $1.251B (+55% YoY). UFC segment showed revenue growth of 9% to $1.406B, while WWE contributed $1.398B.

The company provided 2025 guidance targeting revenue between $2.93B-$3.0B and Adjusted EBITDA of $1.35B-$1.39B. TKO announced a $2.0B share repurchase program starting Q2/Q3 2025 and quarterly dividend program, with first payment of $75M scheduled for March 31, 2025.

Additionally, TKO settled the UFC antitrust lawsuit for $375M, payable in three installments, with two $125M payments already made and the final payment expected in Q2 2025.

TKO Group Holdings (NYSE: TKO) announced a groundbreaking 'TKO Takeover' event series at Kansas City's T-Mobile Center from April 24-28. This first-of-its-kind event, presented by VeChain, will feature three major sports entertainment properties over five days: Professional Bull Riders (April 24), UFC Fight Night (April 26), and WWE Raw (April 28).

The initiative, facilitated by the Kansas City Sports Commission, marks the first time a venue will host consecutive PBR, UFC, and WWE events in a single weekend. An exclusive all-in-one ticket bundle will be available from March 3, with VIP Experience packages through On Location offering premium seating and meet-and-greet opportunities.

Kansas City has historically hosted over 60 combined events from these organizations. VeChain, UFC's Official Blockchain Partner since 2022, has expanded its partnership to become the inaugural presenting partner of this TKO Takeover event.

TKO Group Holdings (NYSE: TKO) has announced its inaugural quarterly cash dividend following the capital return program revealed on October 24, 2024. Class A common stockholders will receive a dividend of $0.38 per share, with the total distribution amounting to approximately $75 million from TKO Operating Company,

The dividend will be paid on March 31, 2025 to Class A common stockholders of record as of March 14, 2025. Future quarterly dividend declarations will be subject to TKO's discretion, considering various factors including operational results, financial condition, market conditions, earnings, cash flow requirements, and legal requirements.

Endeavor Group Holdings (NYSE: EDR) has declared a quarterly cash dividend of approximately $27 million, with Class A common stockholders receiving $0.06 per share. The dividend will be paid on March 14, 2025 to stockholders of record as of February 28, 2025.

Future dividend declarations will depend on various factors, including operational results, financial condition, market conditions, earnings, cash flow requirements, and debt agreement restrictions. The company is required to maintain quarterly dividend payments of $0.06 per share under its merger agreement with Silver Lake until closing.

TKO Group Holdings (NYSE: TKO) has announced its participation in the upcoming Morgan Stanley Technology, Media & Telecom Conference. The company's President and Chief Operating Officer, Mark Shapiro, will represent TKO at the event, which is scheduled for March 3, 2025, at 3:20 p.m. Eastern Time (12:20 p.m. Pacific Time) in San Francisco, CA.

Investors and interested parties can access the live session through TKO's investor relations website at investor.tkogrp.com. A replay of the session will remain available on the website for a minimum of 30 days following the event.