EdR Stock Price, News & Analysis

Endeavor Group Holdings (NYSE: EDR), a global sports and entertainment company, has announced a Q3 2024 cash dividend of approximately $27 million. Class A common stockholders will receive $0.06 per share, payable on September 30, 2024, to shareholders of record as of September 16, 2024. The company notes that future dividend declarations are subject to various factors, including financial conditions, market conditions, and legal requirements. Additionally, Endeavor mentions a merger agreement with Silver Lake that requires quarterly dividend payments of $0.06 per share for each outstanding Class A common stock prior to closing.

TKO Group Holdings (NYSE: TKO), a premium sports and entertainment company, has announced its participation in the Goldman Sachs Communacopia & Technology Conference. The company's President and COO, Mark Shapiro, will represent TKO at the event on September 11, 2024, at 1:50 p.m. Eastern Time in San Francisco, CA.

Investors and interested parties can access a live stream of the session, as well as a replay available for at least 30 days, through the company's investor relations website at investor.tkogrp.com. This participation provides an opportunity for TKO to showcase its position in the sports and entertainment industry and engage with investors and analysts.

Endeavor Group Holdings (NYSE: EDR) reported its Q2 2024 financial results, showing revenue of $1.751 billion and an Adjusted EBITDA of $380.7 million. The company experienced growth across its Owned Sports Properties segment, driven by successful events like WrestleMania 40 and UFC 300. The Representation segment also showed strength due to recovery following industry strikes. However, the company reported a net loss of $253.8 million.

Notably, Endeavor is in the process of being acquired by Silver Lake in a take-private transaction, expected to close by Q1 2025. As part of this deal, the company plans to divest its Sports Data & Technology segment. Endeavor's cash and cash equivalents stood at $697.7 million, with total debt at $5.073 billion as of June 30, 2024.

TKO Group Holdings reported record second-quarter 2024 financial results with revenue rising 179% to $851.2M, and net income increasing to $150.7M. Adjusted EBITDA also hit a record $420.9M. The company raised its full-year 2024 guidance for revenue to $2.670B-$2.745B and Adjusted EBITDA to $1.220B-$1.240B.

The increase in revenue was driven by higher contributions from both UFC and WWE, with UFC reporting a 29% increase to $394.4M, and WWE contributing $456.8M.

However, operating expenses also rose significantly, with direct operating costs up by $177M, SG&A expenses up by $169.1M, and depreciation and amortization up by $88.8M. TKO's gross debt stood at $2.744B, with cash and cash equivalents at $277.5M.

Additionally, TKO repurchased 1.9M shares for $165M in Q2 2024.

Aires Tech and WWE, part of TKO Group Holdings (NYSE: TKO), have announced a multi-year global marketing partnership. The collaboration aims to educate fans about electromagnetic frequency (EMF) protection and support WWE Superstars in enhancing their performance and recovery. Aires Tech will be featured across WWE properties, including 'WWE NOW' and 'Celtic Warrior Workouts' on Sheamus's YouTube channel.

The partnership, effective from June 11 through the end of 2025, will be visible at WWE SummerSlam on August 3. This agreement follows Aires Tech's partnership with UFC earlier this year. Aires Tech's CEO, Josh Bruni, emphasized the importance of raising awareness about EMF's potential health effects. The company has also partnered with Canada Basketball and individual athletes as part of their #AiresAthletes campaign.

FIFA has appointed On Location as the Official Hospitality Provider for the FIFA World Cup 26™, set to take place across Canada, Mexico, and the USA from June 11 to July 19, 2026. This partnership aims to deliver FIFA's largest-ever hospitality program, offering ticket-inclusive fan experience packages for a wide range of audiences.

The program will feature various options, from exclusive stadium suites to hospitality villages, catering to different fan preferences and budgets. Hospitality packages are expected to be available for purchase in late 2024 through FIFA.com and official sales agents, marking the first opportunity for fans to secure official FIFA World Cup 26 tickets.

On Location, chosen after a rigorous selection process, will have exclusive global rights to promote, sell, and operate the Official Hospitality Programme across the 16 host stadiums. The partnership is projected to contribute significantly to FIFA's expected USD 11 billion revenue for the 2023-2026 financial cycle.

Endeavor Group Holdings (NYSE: EDR) will release its Q2 2024 financial results on August 8, 2024, before market hours.

Due to an ongoing acquisition by Silver Lake, the company will not hold an earnings conference call.

Investors can access the earnings release and presentation materials on Endeavor’s investor relations website.

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.