Endeavor Reports Q3 Loss Amidst Significant Revenue Growth

The company's financial performance was marked by increased revenue from acquisitions and events, but higher costs led to a widened net loss.

Endeavor's Q3 revenue rose 66% to $2.03 billion, driven by the acquisition of WWE and the Paris Olympics.
Despite revenue growth, Endeavor posted a net loss of $420.4 million, primarily due to increased costs and losses from discontinued operations.
Silver Lake plans to take Endeavor private, acquiring all remaining shares at a 55% premium, with the transaction expected to close in early 2025.
Endeavor is selling Professional Bull Riders, On Location, and IMG to TKO for $3.25 billion, with the deal anticipated to close in the first half of 2025.
The company is reviewing potential sales of additional assets, including parts of its IMG portfolio, as part of its strategic alternatives.