Get the latest gossip
Endeavor Q4 2023 Results Dented by Write-Offs, WWE-Related Legal and Restructuring Costs; Execs Decline to Take Analyst Questions, Citing Ongoing Strategic Review
Endeavor's fourth-quarter results were hit by legal and restructuring costs as well as write-offs as investors await word on the company's fate.
Endeavor leaders Ari Emanuel and Mark Shapiro will face questions on the company’s conference call Tuesday morning from investors about their long-term strategic plan and fate as a public entity. In addition, Endeavor took a $47 million write-off in its Events, Experiences and Rights division that houses its On Location hospitality business and OpenBet sports wagering unit. The 2023 actor and writer strikes that stretched from May to November took a toll on Endeavor’s Representation segment, home to WME and IMG as well as the 160over90 branding agency.
Or read this on Variety