Ari Emanuel Entertainment Hollywood performer reports sports Fighting CEO Ari Emanuel

Endeavor Barely Misses Wall Street Forecasts With $1.26 Billion in Quarterly Revenue

Reading now: 773
thewrap.com

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.

Read more on thewrap.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA