thewrap.com
Ariel Emanuel
record
2020
sports
Ariel Emanuel
Endeavor Beats Earnings Expectations as UFC Continues Record Year
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thewrap.com
thewrap.comfollowing the stock had expected $1.32 billion and 15 cents EPS. The company reported $63.6 million in net income for the quarter, after taking a $319 million loss during the second quarter. “We continue to capitalize on the elevated demand for premium content and live events coming out of the pandemic,” remarked Ariel Emanuel, CEO, Endeavor. “Given our unique positioning within the sports and entertainment industry and our ability to leverage powerful secular content trends, we see no signs of this momentum waning through the end of the year.”Despite the continued challenges the Delta variant of COVID-19 poses to Endeavor’s main businesses, the company has raised its guidance again slightly for the rest of the year $4.89 billion to $4.95.
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