Endeavor Group reported a fourth-quarter loss of $225.7 million Tuesday, while posting strong annual results in its second year as a publicly traded company and projecting double-digit increases for year three.
The sports and entertainment conglomerate run by Hollywood mogul Ari Emanuel reported revenue of $1.26 billion for the quarter.
That fell just short of a forecasted $1.27 billion, according to analysts surveyed by Zacks Investment Research, and was down 16% from its $1.505 billion revenue in the fourth quarter of 2021.
The company reported annual revenue of $5.28 billion, right in the middle of its projected range of $5.26 billion to $5.33 billion, and above a Zacks forecast of full-year revenue of $5.27 billion for 2022.Endeavor prefers to measure earnings before interest, tax, depreciation and amortization, or EBITDA, which amounted to $239 million for the fourth quarter and $1.164 billion for the year 2022.“We are encouraged by our performance in our first full year as a public company,” said Endeavor CEO Ari Emanuel. “Our business has proven resilient despite ongoing macroeconomic headwinds.
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