Get the latest gossip
Endeavor Posts Q1 Loss as It Awaits Silver Lake Acquisition
Endeavor burned through $389 million in cash during a tough Q1 as it awaits the completion of its deal with Silver Lake to go private.
Endeavor delivered a loss for the first three months of the year as the parent company of UFC, WWE, WME and IMG burned through nearly $400 million in cash during the first quarter. That charge, plus revenue declines for the quarter in Endeavor’s events, experiences and rights and its sports data divisions, took a toll on Q1 earnings. A day earlier, TKO reported solid first-quarter results and upped full-year 2024 revenue and earnings guidance.
Or read this on Variety
