Endeavor rode the wave of demand for live sports and entertainment experiences to deliver solid revenue and adjusted earnings gains for the fourth quarter and full-year 2022.
The company also made progress on shaving down its debt load, which has been a millstone for the parent of UFC, WME and other major industry players ever since Endeavor went public in 2021.
Over the course of 2022, the company made about $500 million in debt payments, most of which were made in Q4, to bring its total long-term debt to just over $5 billion, from $5.63 billion as of the end of 2021.
For the fourth quarter, Endeavor generated revenue of $1.26 billion, down 16% year over year, a decline largely due to the sale of its content production business to Korea-based CJ ENM in January 2022.
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