'Company Posts $1.2B in Revenue, Overall Loss in Q3

in Revenue, Overall Loss in Q3

Endeavor Group

Holdings, the parent company of UFC, WME and IMG, posted revenue of $1

2 billion in

its third quarter, as foreign exchange rate headwinds pushed it to a net loss of $12

“Our business

performed well in the quarter despite a turbulent macroeconomic environment,” said Endeavor CEO Ari Emanuel,

Emanuel elaborated

on those comments on the earnings call, saying that the company simply isn’t seeing

“Spending habits

have shifted, but our company has a presence at every point on the purchase chain,”

“During COVID

people were buying stuff, and post-COVID, they are more focused on experiences, and we are

Endeavor also

adjusted its full-year 2022 guidance, raising its guidance for adjusted EBITDA to between $1

“These leading

tech companies go head to head with major streaming and media players, including Disney, Netflix,

Discovery and

Paramount for the best video, podcasts gaming, and social content,” Emanuel said

“In sports,

the demand for premium talent-led content and shows no sign of slowing

Dominic West on Being

Too Hot to Play Prince Charles