Endeavor Q1 2021 Earnings Report
Key Takeaways
Endeavor reported Q1 2021 revenue of $1.07 billion, operating income of $94.5 million, and net income of $2.4 million. The company is witnessing strong demand for content as it emerges from the pandemic.
Revenue was $1.07 billion, compared to $1.19 billion in the first quarter of 2020.
Operating Income was $94.5 million, compared to $53.8 million in the first quarter of 2020.
Net Income was $2.4 million compared to Net Loss of $51.3 million in the first quarter of 2020.
Adjusted EBITDA and Adjusted Net Income increased to $199.5 million and $58.1 million, respectively, compared to $176.2 million and $43.8 million in the first quarter of 2020.
Endeavor
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Endeavor Revenue by Segment
Forward Guidance
Revenue is expected to be between $4.76 and $4.83 billion. Adjusted EBITDA is expected to be between $735 and $745 million. The company expects to reduce its debt by $600 million in Q3 2021.