Endeavor Group Holdings, which is navigating the return of production and live events after the worst of the Covid-19 pandemic, reported mixed second-quarter results.The company said revenue in the period ending June 30 increased $650 from the year-earlier quarter to $1.1 billion.
That fell short of Wall Street analysts’ consensus estimate of $1.14 billion.Operating losses widened to $307.5 million from $251.9 million in the year-earlier period.Owned Sports Properties was the best-performing operating unit, with revenue up 70% to $106.6 million over the same quarter in 2020.
The increase was primarily driven by media rights fees and an increased number of UFC and PBR events as pandemic restrictions eased.
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