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Endeavor Q1 Revenue Climbs On WWE-UFC Merger, But Most Of Its Divisions Slip

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09.05.2024 - 12:15

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Endeavor Group Holdings posted a 16% increase in total revenue in the first quarter thanks to the WWE-UFC merger, though the company’s divisions outside of Owned Sports Properties each saw downturns.

Total revenue came in at $1.85 billion, with the rise from a year ago largely due to the influx from the WWE, which joined with UFC to create TKO Group in a deal last September.

Revenue in the Owned Sports Properties division shot up 94%. Endeavor controls 51% of TKO. Net losses reached 46 cents a share, compared with a profit of 3 cents a share in the year-ago period.

Adjusted EBITDA was $374.1 million. Endeavor last month announced it is planning to go private in a deal valued at $13 billion.

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