Endeavor sales dipped 16% to $1.26 billion last quarter from the year before due mostly to the absence of its divested Endeavor Content business as it posted an upbeat fourth quarter.
A diversified biz and focus on sports and live events limit the ad hit faced by other media companies, and it has yet to feel much of a pinch from any slowdown in content spending by the majors. “We are encouraged by our performance in our first full year as a public company,” said CEO Ariel Emanuel, referring to Endeavor’s IPO in 2021. “Our business has proven resilient despite ongoing macroeconomic headwinds.
As 2023 comes into focus, we remain confident in Endeavor’s ability to deliver long-term value.” That’s from the press release.
Later, on a call slated for 5 pm ET, Endeavor noted that Emanuel’s opening remarks, which he wrote and scripted, won’t be the CEO himself speaking but generated by Speechify, a startup specializing in AI voice synthesis.
Read more on deadline.com
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