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.

Losses per share widened to 64 cents on a diluted basis, from 3 cents in the year-earlier quarter.

Endeavor also controls TKO Group Holdings and is also in the process of selling assets like IMG, On Location and the Professional Bull Riders to TKO. 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.

The representation segment of Endeavor posted 17% year-on-year growth in revenue, reaching $501.6 million.

The growth was primarily driven by WME across talent, music, and sports, the company said, along with gains in nonscripted business, primarily due to an acquisition in 2024, partially offset by decreases in the company’s marketing, licensing, and fashion businesses.

Adjusted EBITDA in the representation business was $108.2 million for the quarter, up $4.7 million, or 5%, compared to the prior-year quarter.