Endeavor Posts Modest Gains In Likely Its Last Quarterly Report Before Going Private
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deadline.comEndeavor revenue rose 7% and adjusted EBITDA climbed 5% in the fourth quarter, likely its last as a publicly traded company.
After a few years of mixed results as a public company, Endeavor is being taken private by Silver Lake in a deal expected to close by the end of the first quarter.
Losses per share widened to 64 cents on a diluted basis, from 3 cents in the year-earlier quarter. Endeavor also controls TKO Group Holdings and is also in the process of selling assets like IMG, On Location and the Professional Bull Riders to TKO.
Those deals, which are expected to close in the coming weeks, will make Endeavor more of a pure representation business anchored by WME.
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