Endeavor Group Slips To Loss In Q1

RTTNews | 329天前
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

read more
Endeavor Seeks Alternatives; Investor Silver Lake Considers Taking It Private

Endeavor Seeks Alternatives; Investor Silver Lake Considers Taking It Private

Endeavor Group Holdings, Inc. shares were gaining around 22 percent in pre-market activity on the NYSE after its major investor Silver Lake said it is considering taking the sports and entertainment company private. Silver Lake, the owner of around 71 percent of the voting power of Endeavor, was responding to Endeavor's announcement that it has initited a formal review to evaluate strategic...
RTTNews | 525天前
Endeavor, WWE To Form New Global Sports And Entertainment Brands: UFC And WWE

Endeavor, WWE To Form New Global Sports And Entertainment Brands: UFC And WWE

Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) and media company World Wrestling Entertainment, Inc. (WWE) announced Monday that they have signed a definitive agreement to form a new, publicly listed company consisting of two iconic, complementary, global sports and entertainment brands: UFC and WWE.
RTTNews | 731天前
Endeavor Closes Acquisition Of OpenBet From Light & Wonder For About $800 Mln

Endeavor Closes Acquisition Of OpenBet From Light & Wonder For About $800 Mln

Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) announced Friday the closure of its acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavor's Class A common stock.
RTTNews | 916天前
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders and construction Purchasing Managers' survey results from Germany are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders figures for February. Orders are forecast to grow 3.4 percent on a monthly basis, in contrast to the 7.0 percent decrease in January.
RTTNews | 4小时7分钟前
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | 4小时45分钟前
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 5小时28分钟前
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
RTTNews | 5小时35分钟前
Japanese Market Sharply Lower; Down 2.4%

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 6小时39分钟前