Endeavor Group Holdings

Endeavor and WWE® Deal to Create TKO Group Holdings Expected to Close September 12

Retrieved on:

Thursday, September 7, 2023

Wrestling, Extreme Sports, Sports, EDR, WWE, Endeavor Group Holdings, TKO, NYSE, Equity Group Holdings, Cryptocurrency, Broadcasting

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”) and World Wrestling Entertainment, Inc. (NYSE: WWE) (“WWE”) today announced they expect to close the previously announced transaction to form TKO Group Holdings, Inc. (“TKO”) on September 12, 2023, at which time TKO will begin trading on the New York Stock Exchange under the ticker symbol “TKO”.

Endeavor Announces Inaugural Quarterly Cash Dividend

Retrieved on:

Thursday, August 31, 2023

Sports, General Sports, Entertainment, Marketing, Communications, Media, Events, Concerts, General Entertainment, Martial Arts, Licensing (Entertainment), EDR, Endeavor Group Holdings, NYSE, Holding company, Commercial property, Life insurance, Endeavour

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today announced that it has declared a quarterly cash dividend in an aggregate amount of approximately $27 million.
The dividend to Endeavor’s Class A common stockholders, following the distribution from Endeavor Operating Company to the Company, will be $0.06 per share.
The dividend will be paid on September 29, 2023 to Class A common stockholders of record as of September 15, 2023.
Future declarations of quarterly dividends are subject to the determination and discretion of Endeavor based on its consideration of various factors, such as its results of operations, financial condition, market conditions, earnings, cash flow requirements, restrictions in our debt agreements and legal requirements and other factors that Endeavor deems relevant.

Endeavor Releases Second Quarter 2023 Results

Retrieved on:

Tuesday, August 8, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended June 30, 2023.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended June 30, 2023.
Events, Experiences & Rights segment revenue was $591.1 million for the quarter, up $23.3 million, or 4.1%, compared to the second quarter of 2022.
Representation segment revenue was $381.1 million for the quarter, up $23.2 million, or 6.5%, compared to the second quarter of 2022.
Sports Data & Technology segment revenue was $130.6 million, up $70.2 million, or 116.3%, compared to the second quarter of 2022.

Endeavor Completes Sale of IMG Academy to BPEA EQT, in Partnership with Nord Anglia Education

Retrieved on:

Wednesday, June 28, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25 billion.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25 billion.
IMG Academy will continue to operate under the IMG Academy brand with Brent Richard as President of IMG Academy, Tim Pernetti as President of IMG Academy Bradenton, Lisa Strasman as President of NCSA, and Ted Sullivan as Chief Growth Officer.

Endeavor to Participate in 51st Annual J.P. Morgan Global Technology, Media and Communications Conference

Retrieved on:

Wednesday, May 10, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, today announced that President and COO Mark Shapiro will participate in a fireside chat at the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 24, 2023 at 10:20 a.m. PT / 1:20 p.m.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR), a global sports and entertainment company, today announced that President and COO Mark Shapiro will participate in a fireside chat at the 51st Annual J.P. Morgan Global Technology, Media and Communications Conference on Wednesday, May 24, 2023 at 10:20 a.m. PT / 1:20 p.m.
ET.
A link to the live session, as well as a replay available for 30 days, will be accessible from the “News / Events” section of Endeavor’s investor relations website at investor.endeavorco.com .

Endeavor Releases First Quarter 2023 Results

Retrieved on:

Tuesday, May 9, 2023

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”, “EGH”, or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended March 31, 2023.

Key Points:

Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”, “EGH”, or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended March 31, 2023.
Events, Experiences & Rights segment revenue was $800.8 million for the quarter, up $19.9 million, or 2.5%, compared to the first quarter of 2022.
Representation segment revenue was $350.2 million for the quarter, down $7.1 million, or 2.0%, compared to the first quarter of 2022.
Endeavor expects to declare and pay the first dividend in the third quarter of 2023.

WWE® Reports First Quarter 2023 Results

Retrieved on:

Wednesday, May 3, 2023

The Company estimates second quarter 2023 Adjusted OIBDA of $125 - $135 million, which represents an increase of approximately 37% - 48% from the prior year quarter.

Key Points:

The Company estimates second quarter 2023 Adjusted OIBDA of $125 - $135 million, which represents an increase of approximately 37% - 48% from the prior year quarter.
The Company also anticipates that second quarter results will reflect an increase in operating expenses, including certain costs to support the creation of content.
The Company returned $8.9 million of capital to shareholders in dividends in the first quarter of 2023.
ET on May 3, 2023, to discuss its first quarter 2023 results.

BPEA EQT, in partnership with Nord Anglia Education, to acquire IMG Academy, a world leading sports education brand

Retrieved on:

Tuesday, April 25, 2023

Headquartered in Bradenton, Florida, USA, IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences.

Key Points:

Headquartered in Bradenton, Florida, USA, IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences.
Across its suite of sports education experiences, IMG Academy supports over 100,000 student-athletes, and helped place 30,000 students onto college sports rosters in 2022 alone.
IMG Academy is a clear leader in the large and growing sports education market.
BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future."

BPEA EQT, in partnership with Nord Anglia Education, to acquire IMG Academy, a world leading sports education brand

Retrieved on:

Tuesday, April 25, 2023

Headquartered in Bradenton, Florida, USA, IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences.

Key Points:

Headquartered in Bradenton, Florida, USA, IMG Academy supports the entire student-athlete development journey across its on-campus and online student-athlete education experiences.
Across its suite of sports education experiences, IMG Academy supports over 100,000 student-athletes, and helped place 30,000 students onto college sports rosters in 2022 alone.
IMG Academy is a clear leader in the large and growing sports education market.
BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future."

Endeavor Enters Agreement to Sell IMG Academy to BPEA EQT, in Partnership With Nord Anglia Education, for $1.25 Billion

Retrieved on:

Tuesday, April 25, 2023

As part of the transaction, the business is expected to partner with BPEA EQT’s portfolio company Nord Anglia Education, which operates some of the world’s leading premium international schools.

Key Points:

As part of the transaction, the business is expected to partner with BPEA EQT’s portfolio company Nord Anglia Education, which operates some of the world’s leading premium international schools.
“Our purpose is to empower student-athletes to win their future, preparing them for college and for life,” said Brent Richard, President of IMG Academy.
BPEA EQT and Nord Anglia are ideal partners to achieve and accelerate those goals, and we are excited for that future.”
Headquartered in Bradenton, Florida, IMG Academy was founded in 1978 as the Nick Bollettieri Tennis Academy.
Endeavor acquired IMG in 2014, inclusive of IMG Academy, and has notably expanded both its on-campus and online offerings.