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Endeavor Declines To Take Questions From Wall Street On Earnings Call As It Evaluates Strategic Alternatives – Will Update “When There Is More Information To Share”
Endeavor CEO Ari Emanuel reminded Wall Street it's still evaluating strategic options as the company reported quarterly revenue rose, losses narrowed.
Endeavor grew revenue 25% last quarter to $1.58 billion, beating forecasts, and shrunk losses to $29 million from $226 million as CEO Ari Emanuel reminded Wall Street that it’s still looking at strategic options – four months after the company said it was evaluating its businesses, and its largest shareholder Silver Lake floated the idea of taking the company private. “Endeavor’s work with TKO to secure innovative media rights deals and landmark partnership agreements is proving our thesis, and we continue to benefit from demand for premium content and live experiences. Emanuel may also get questions on the call about McMahon, who is TKO’s largest shareholder who is facing a a rather graphic and disturbing sexual trafficking and abuse lawsuit.
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