Endeavor Q3 2022 Earnings Report
Key Takeaways
Endeavor reported Q3 2022 revenue of $1.221 billion and a net loss of $12.5 million. The company increased its Adjusted EBITDA guidance for the full year 2022 to a range between $1.145 billion and $1.175 billion. They repaid $250 million of debt in the third quarter and intend to repay an additional $250 million by year’s end. The OpenBet acquisition was also closed during the quarter.
Revenue reached $1.221 billion in Q3 2022.
Adjusted EBITDA guidance for full year 2022 was increased to between $1.145 billion and $1.175 billion.
The company repaid $250 million of debt in Q3 2022 and plans to repay an additional $250 million by year's end.
The acquisition of OpenBet was completed during the quarter.
Endeavor
Endeavor
Endeavor Revenue by Segment
Forward Guidance
Endeavor expects revenue to be between $5.235 billion and $5.325 billion and Adjusted EBITDA to be between $1.145 billion and $1.175 billion for the full year 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income