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Endeavor

Endeavor, Buoyed by Live Events and Sports, Posts $1.3B in Revenue

Endeavor, continuing to benefit from the return of “full capacity” live events, brought in $1.3 billion revenue and $42.2 million in net income during the second quarter. The sports and representation firm also stated that it intends to repay $250 million of debt by the end of the third quarter of this year. Adjusted EBITDA […]

Endeavor Can’t Evade Consultant’s Suit Over IPO Marketing

Endeavor must face a claim from a consultant who says its debut on the public market was salvaged thanks to his blueprint of the company’s business model. David Carde may have created an implied contract with Endeavor when his attorney emailed CEO Ari Emanuel his analysis that illustrated how its hodgepodge of unrelated acquisitions is […]

Endeavor Streaming to Offer Live Shopping Capabilities to Clients

Endeavor Streaming has partnered with AiBUY, an interactive shopping platform that has integrated with Shopify and Salesforce, to allow clients to add a live e-commerce experience to their owned and operated streaming applications. The UFC and New York Fashion Week: The Shows are signed on as initial launch partners to use AiBUY’s technology, which features […]

Many Hollywood Stocks Underperform Broader Market in First Half of Year

A tough first half of the year for U.S. media stocks has come to a merciless end. Stock sell-offs and analyst downgrades have been a regular feature of the year to date for media and entertainment giants. And Netflix’s surprise first-quarter subscriber decline has only raised questions about whether broader Hollywood’s streaming pivot will pay […]

Endeavor Merges Hospitality Firm On Location With IMG’s Events Division

Endeavor, the publicly traded representation and entertainment powerhouse, is merging the events division of talent agency IMG with its sports and music ticketing and hospitality firm On Location, the company said on Wednesday. Top executives at On Location will run the combined firm. Paul Caine, a former exec at Bloomberg and advertising platform Magnite who […]

Marshawn Lynch Teams With Endeavor and Overtime to Introduce Student Athletes to Industry Careers

As the NCAA has often stated in its commercials that run during March Madness, 98 percent of student athletes (more than 450,000 annually) go pro in something other than sports. But having spent so much of their varsity days on the field or in the training room, some graduates haven’t received as much exposure to […]

Endeavor Beats Wall Street Estimates As Live Events Bounce Back

Endeavor topped Wall Street expectations in Q1 2022, beating on revenue and earnings per share as the company’s segments continue to see growth return in a world with significantly fewer COVID-19 restrictions. The company reported revenue of $1.47 billion, net income of $517.7 million, adjusted EBITDA of $314.4 million and earnings per share of $1.16. […]

Hollywood CEO Pay: The Year of the Nine-Figure Club

Many Hollywood CEOs saw their paydays increase in 2021, but a few — Endeavor mogul Ari Emanuel, Warner Bros. Discovery CEO David Zaslav and Amazon chief Andy Jassy — ended up in rarefied air by joining the nine-figure club. “Nine-figure CEO compensation is unusual, even in 2021, when median total compensation increased by 31 percent,” […]

Endeavor CEO Ari Emanuel’s 2021 Pay Package Tops $308M Thanks to IPO Equity

In his first year leading a publicly traded company, Endeavor founder and CEO Ari Emanuel received a pay package that topped $308 million, thanks almost entirely to a one-time restricted stock grant, which is tied to performance. In its annual report to the SEC, Endeavor notes that Emanuel’s realized 2021 compensation was closer to $67 […]

Elon Musk to Resign From Endeavor Board of Directors

Tesla and SpaceX founder Elon Musk will resign from the board of Endeavor. The company disclosed Musk’s departure in its annual report with the SEC, saying that Musk’s resignation will be effective June 30, 2022. The company, led by CEO Ari Emanuel, will shrink its board from eight members to seven members once he resigns. […]

Endeavor CEO Ari Emanuel: Content Boom to Boost 2022 Earnings

Endeavor reported Q4 and full-year 2021 earnings Wednesday that reflected a resurgent talent representation business, though it swung back to a loss after recording a profit in Q3. The company had revenue of $1.5 billion in Q4, and a net loss of $16.7 million, after posting a profit of $64 million in the prior quarter. […]

Endeavor Sued For Allegedly Stealing Marketing Ideas for IPO Effort

A consultant is suing Endeavor claiming he gave the company the blueprint to salvage its debut on the public market, which led to a successful $10.3 billion IPO, but he wasn’t compensated or given credit. David Carde began his complaint, which was filed Thursday in L.A. County Superior Court, by comparing this alleged theft to […]