Endeavor Group Slips To Loss In Q1

RTTNews | 329 days ago
Stocktwits
Endeavor Group Slips To Loss In Q1

(RTTNews) - Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased to $1.85 billion from $1.59 billion in the same quarter last year. Analysts expected net sales of $1.89 billion for the quarter.

In April, Endeavor Group concluded review of strategic alternatives with the announcement of a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, for $27.50 per share in cash. The transaction is expected to close by the end of the first quarter of 2025.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: EDR
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