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Endeavor Posts Modest Gains In Likely Its Last Quarterly Report Before Going Private
Endeavor revenue rose 7% and adjusted EBITDA climbed 5% in the fourth quarter, likely its last as a publicly traded company.
After a few years of mixed results as a public company, Endeavor is being taken private by Silver Lake in a deal expected to close by the end of the first quarter. Those deals, which are expected to close in the coming weeks, will make Endeavor more of a pure representation business anchored by WME. “Over the next few months, our focus remains on completing our sale of IMG, On Location, and PBR to TKO; closing our take-private transaction with Silver Lake; and ensuring Endeavor is well-positioned for long-term success in representation,” CEO Ari Emanuel said.
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