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Endeavor Releases Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Wednesday, February 28, 2024

“2023 was a transformational year for Endeavor as we strengthened our positions in sports and entertainment through many of our industry-leading assets,” said Ariel Emanuel, CEO, Endeavor.

Key Points: 
  • “2023 was a transformational year for Endeavor as we strengthened our positions in sports and entertainment through many of our industry-leading assets,” said Ariel Emanuel, CEO, Endeavor.
  • At December 31, 2023, cash and cash equivalents totaled $1.167 billion, compared to $1.338 billion at September 30, 2023.
  • Total debt was $5.028 billion at December 31, 2023, compared to $5.046 billion at September 30, 2023.
  • Endeavor will host an audio webcast to discuss its results and provide a business update at 5 a.m. PT / 8 a.m.

Endeavor Releases Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 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 September 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 September 30, 2023.
  • Events, Experiences & Rights segment revenue was $367.1 million for the quarter, down $27.1 million, or 6.9%, compared to the third quarter of 2022.
  • Representation segment revenue was $385.6 million for the quarter, down $2.7 million, or 0.7%, compared to the third quarter of 2022.
  • Adjusted EBITDA was $96.3 million for the quarter, down $36.6 million, or 27.5%, compared to the third quarter of 2022.

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.

Trends in the $100+ Billion Sports Betting Industry, 2023-2027 - Establishment of New Professional Sports Leagues Providing Customers the Opportunity to Diversify Their Betting Expenditures - ResearchAndMarkets.com

Retrieved on: 
Monday, June 26, 2023

The global sports betting market grew from $96.84 billion in 2022 to $104.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%.

Key Points: 
  • The global sports betting market grew from $96.84 billion in 2022 to $104.78 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%.
  • The increase in the number of sports leagues and events is expected to propel the growth of the sports betting market.
  • The establishment of new professional sports leagues across the globe is providing customers with the opportunity to diversify their betting expenditures.
  • Implementation of AI and blockchain in sports betting applications is a key trend gaining popularity in the sports betting services market.

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.

Endeavor Releases Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Tuesday, February 28, 2023

The decrease was primarily due to $332.8 million of revenue in the prior year quarter and $737.4 million of revenue from the prior year from the restricted Endeavor Content business, which was sold in January 2022.

Key Points: 
  • The decrease was primarily due to $332.8 million of revenue in the prior year quarter and $737.4 million of revenue from the prior year from the restricted Endeavor Content business, which was sold in January 2022.
  • Total debt was $5.169 billion at December 31, 2022, compared to $5.427 billion at September 30, 2022.
  • Endeavor will host an audio webcast to discuss its results and provide a business update at 2 p.m. PT / 5 p.m.
  • For the first time, the audio used for Emanuel's opening remarks on Endeavor’s Fourth Quarter and Full Year 2022 results call were generated by Endeavor partner Speechify, a company specializing in generative AI for voice synthesis.

Light & Wonder Announces Completion of OpenBet Divestiture

Retrieved on: 
Friday, September 30, 2022

With the completion of the OpenBet divestiture and our now streamlined organization, Light & Wonder is well positioned to execute on our growth strategy with a singular focus on building great games fully cross-platform, said Matt Wilson, interim Chief Executive Officer of Light & Wonder.

Key Points: 
  • With the completion of the OpenBet divestiture and our now streamlined organization, Light & Wonder is well positioned to execute on our growth strategy with a singular focus on building great games fully cross-platform, said Matt Wilson, interim Chief Executive Officer of Light & Wonder.
  • Endeavor is the right partner for OpenBet and we wish our OpenBet colleagues all the best on this exciting new chapter.
  • Oakvale Capital LLP and Macquarie Capital (USA) Inc. served as financial advisors and Cravath, Swaine & Moore LLP served as legal counsel to Light & Wonder.
  • Light & Wonder, Inc. (formerly known as Scientific Games Corporation), is a global leader in cross-platform games and entertainment.

Endeavor Completes Acquisition of Sports Betting Company OpenBet

Retrieved on: 
Friday, September 30, 2022

The addition of OpenBet to our sports betting portfolio will enable us to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead the way in defining the future of sports betting entertainment, said Ariel Emanuel, CEO, Endeavor.

Key Points: 
  • The addition of OpenBet to our sports betting portfolio will enable us to further capitalize on the massive tailwinds in the fast-evolving sports betting ecosystem and lead the way in defining the future of sports betting entertainment, said Ariel Emanuel, CEO, Endeavor.
  • Weve been awaiting this day when we can bring together everything OpenBet has to offer with the depth of expertise and relationships that Endeavor and IMG bring to the table, said Jordan Levin, CEO, OpenBet.
  • Our focus remains on providing our customers with the most innovative solutions to give their fans the ultimate sports betting complement to live sports.
  • OpenBet and IMG ARENA will form a fourth operating segment for Endeavor, Sports Data & Technology, beginning January 2023.

Sports Betting Market Gaining Huge Acceptance with 12.4% Annual Growth, Current Market at $84.6 billion: Says Market Decipher

Retrieved on: 
Thursday, September 22, 2022

Global Sports Betting Market is set to grow at a fast pace promoting companies like NoLimit City and Nuvei Corporation.

Key Points: 
  • Global Sports Betting Market is set to grow at a fast pace promoting companies like NoLimit City and Nuvei Corporation.
  • Market Decipher has completely revised the huge database on the Global Sports Betting market covering all major regions and companies.
  • Football makes for more than 23% of the Global Sports Betting Market and is anticipated to grow in the future."
  • The adoption of blockchain and AI in sports betting applications and websites is gaining popularity in the sports betting market.

Sports Betting Market Gaining Huge Acceptance with 12.4% Annual Growth, Current Market at $84.6 billion: Says Market Decipher

Retrieved on: 
Thursday, September 22, 2022

Global Sports Betting Market is set to grow at a fast pace promoting companies like NoLimit City and Nuvei Corporation.

Key Points: 
  • Global Sports Betting Market is set to grow at a fast pace promoting companies like NoLimit City and Nuvei Corporation.
  • Market Decipher has completely revised the huge database on the Global Sports Betting market covering all major regions and companies.
  • Football makes for more than 23% of the Global Sports Betting Market and is anticipated to grow in the future."
  • The adoption of blockchain and AI in sports betting applications and websites is gaining popularity in the sports betting market.