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Endeavor Group Holdings, Inc. (formerly traded on the NYSE under ticker EDR) features prominently in news related to global sports and entertainment. In its own communications, Endeavor describes itself as a global sports and entertainment company that brings together storytellers, brands, live events, and experiences. News about Endeavor often centers on its role as majority owner of TKO Group Holdings, Inc., its portfolio of sports properties, and its representation and events businesses.
Coverage of Endeavor has included segment updates from its financial results, highlighting performance in Owned Sports Properties, Events, Experiences & Rights, and Representation. These reports discuss contributions from UFC, WWE, and PBR within Owned Sports Properties; major events such as the Olympic and Paralympic Games, the Super Bowl, and tennis tournaments in the Events, Experiences & Rights segment; and WME and nonscripted content businesses within the Representation segment.
Another recurring news theme is corporate and strategic transactions. Endeavor has been the subject of announcements regarding its definitive agreement to be acquired by Silver Lake, Silver Lake’s subsequent confirmation of closing at $27.50 per share, and Endeavor’s own announcement of the completion of that acquisition and its transition to a privately held company. News items also cover Endeavor’s asset sales, including the sale of OpenBet and ARENA to OB Global Holdings LLC and the transfer of PBR, On Location, and assets to TKO Group Holdings, Inc.
Investors and observers using this news page can review historical press releases and transaction updates tied to the EDR ticker, including dividend declarations, segment performance, and structural changes such as the formation of WME Group and Endeavor’s ongoing relationship with TKO. This page serves as an archive of company-specific developments that shaped Endeavor’s trajectory as a public company and its subsequent take-private transaction.
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.
TKO Group Holdings has announced it will release its fourth quarter and full year 2024 financial results after market hours on Wednesday, February 26, 2025. The company will host a live teleconference at 5 p.m. ET / 2 p.m. PT on the same day to discuss the results and provide a business update.
The earnings release, live call, and supporting materials will be available on TKO's investor relations website. Interested parties can join the teleconference by dialing 833-470-1428 with conference ID 197207. A recording of the call will be accessible on the company's IR site for at least 30 days following the event.
Endeavor Group Holdings (NYSE: EDR), a global sports and entertainment company, has announced it will release its fourth quarter and full year 2024 financial results before market hours on Thursday, February 27, 2025. Following the company's previously announced definitive agreement to be acquired by Silver Lake, Endeavor will not conduct an earnings conference call. Investors can access the earnings release and related presentation materials through Endeavor's investor relations website at investor.endeavorco.com.
Endeavor Group Holdings (NYSE: EDR) announced a quarterly cash dividend of approximately $27 million for Q4 2024. The dividend amounts to $0.06 per share for Class A common stockholders. Payments will be made on December 30, 2024 to those on record as of December 16, 2024. Future dividends will be determined based on various factors including results of operations, financial condition, market conditions, cash flow needs, and legal requirements. This declaration also complies with the merger agreement with Silver Lake, which mandates a quarterly dividend of $0.06 per share before closing.
TKO Group Holdings (NYSE: TKO) has announced its participation in the upcoming UBS Global Media & Communications Conference. The company's President and COO, Mark Shapiro, will represent TKO at the event scheduled for December 9, 2024 at 11:15 a.m. ET in New York. Investors and interested parties can access both the live session and a 30-day replay through TKO's investor relations website at investor.tkogrp.com.
Endeavor Group Holdings (NYSE: EDR) has announced the sale of OpenBet and IMG ARENA to OB Global Holdings in a management buyout backed by Ariel Emanuel, with participation from OpenBet executives including CEO Jordan Levin. The transaction is valued at approximately $450 million, financed through cash and debt. During and after closing, Endeavor will continue marketing IMG ARENA for third-party sale. The deal is a necessary step for Endeavor's proposed take-private transaction by Silver Lake and is subject to gaming regulatory approvals.
Endeavor Group Holdings (NYSE: EDR) reported Q3 2024 revenue of $2.032 billion with a net loss of $420.4 million and Adjusted EBITDA of $277.6 million. The company saw growth in Owned Sports Properties, driven by WWE and PBR performance. The Representation segment showed strength in WME's music and talent groups. Owned Sports Properties revenue increased 53.2% to $735.2 million, while Events, Experiences & Rights revenue grew 145.1% to $899.8 million. The company announced a $3.25 billion deal with TKO Group Holdings to sell PBR, On Location, and IMG assets. Additionally, Endeavor is proceeding with its take-private transaction with Silver Lake at $27.50 per share.
TKO Group Holdings reported strong Q3 2024 results with revenue of $681.2 million and net income of $57.7 million. The company achieved Adjusted EBITDA of $310.0 million. Based on solid performance, TKO revised its full-year 2024 guidance to the upper end of ranges: revenue of $2.670-2.745 billion and Adjusted EBITDA of $1.220-1.240 billion. The quarter saw WWE revenue increase by $274.7 million to $326.3 million, while UFC revenue decreased by $42.6 million to $354.9 million. The company announced a $2.0 billion share repurchase program and quarterly dividend payments starting March 2025.
Endeavor Group Holdings (NYSE: EDR) has initiated a review and potential sale of certain events within its IMG portfolio, including the Miami Open, Madrid Open tennis tournaments, and Frieze, the world's leading modern and contemporary art platform. This review follows Silver Lake's April 2024 agreement to take Endeavor private, which includes provisions for selling certain businesses, excluding TKO Group Holdings and WME. The company has retained The Raine Group to assist with the exploratory process, though no definitive timetable has been set.
TKO Group Holdings announced two major initiatives: a capital return program and a strategic acquisition. The board authorized a $2.0 billion share repurchase program and initiated a $75.0 million quarterly cash dividend program. Additionally, TKO reached a $3.25 billion all-equity agreement to acquire Professional Bull Riders (PBR), On Location, and IMG from Endeavor. The transaction will result in Endeavor owning approximately 59% of TKO, with existing shareholders retaining 41%. The acquisition aims to expand TKO's presence in premium sports and enhance revenue streams across media rights, live events, and brand partnerships. The transaction is expected to close in the first half of 2025.