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Endeavor Posts Q1 Loss and Burns Through Cash as It Awaits Silver Lake Acquisition

Cynthia Littleton Business Editor Endeavor delivered a loss for the first three months of the year as the parent company of UFC, WWE, WME and IMG burned through nearly $400 million in cash during the first quarter. The company released its Q1 2024 earnings report Thursday, which is likely to be one of its last as a public company as Endeavor awaits the completion of its deal to be bought out at $27.50 per share in cash by private-equity firm Silver Lake. That deal is expected to close by the end of the first quarter of 2025.
variety.com

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