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Mar 31, 2024
Endeavor Q1 2024 Earnings Report
Endeavor's Q1 2024 results, showing revenue growth in Owned Sports Properties offset by declines in other segments, and a net loss due to increased operating expenses.
Key Takeaways
Endeavor reported $1.850 billion in revenue for Q1 2024. The company experienced growth in its Owned Sports Properties segment, driven by the acquisition of WWE and increased revenue at UFC and PBR. However, this growth was offset by declines in the Events, Experiences & Rights, Representation, and Sports Data & Technology segments. The company reported a net loss of $303.5 million, impacted by increased operating expenses.
Endeavor's Q1 2024 revenue reached $1.850 billion.
Owned Sports Properties segment revenue increased by 94.0%, driven by the acquisition of WWE and growth at UFC and PBR.
Events, Experiences & Rights segment revenue decreased by 7.0%, impacted by the sale of IMG Academy and the timing of media rights.
A definitive agreement to be acquired by Silver Lake was announced in April.
Endeavor
Endeavor
Endeavor Revenue by Segment
Endeavor Revenue by Geographic Location
Revenue by Segment
Prime Revenue
CapyFin.comNon-Prime Revenue
CapyFin.comRevenue by Geographic Location
Top 6 Markets Revenue
CapyFin.comRest of the World Revenue
CapyFin.com Forward Guidance
Endeavor is set to be acquired by Silver Lake, with stockholders receiving $27.50 per share in cash. The transaction is expected to close by the end of the first quarter of 2025, pending customary closing conditions and regulatory approvals.
Positive Outlook
- Stockholders will receive $27.50 per share in cash.
- Silver Lake is the global leader in technology investing.
- No other stockholder approval is required.
- A dividend of $0.06 per share will be paid each quarter until the deal closes.
- The transaction provides certainty of value for stockholders.
Challenges Ahead
- The transaction is subject to customary closing conditions.
- Required regulatory approvals are needed.
- The transaction is not expected to close until the end of the first quarter of 2025.
- The company will be delisted from the NYSE upon closing.
- Future strategic decisions will be influenced by Silver Lake.
Revenue & Expenses
Visualization of income flow from segment revenue to net income