'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
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