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Endeavor Q2 Earnings Powered by UFC and Representation Unit Growth

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variety.com
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Cynthia Littleton Business EditorStrong demand for UFC bouts and double-digit revenue gains in its representation unit powered Endeavor Group Holdings’ second quarter earnings.Endeavor on Monday reporting revenue for the quarter ended June 30 of $1.1 billlion, in line with analysts’ estimates for the company that went public in April.

Adjusted earnings before interest, taxes depreciation and amortization came improved in all three of the company’s major reporting segments.But Endeavor’s bottom line for the quarter includes a net loss of $319.6 million.

The company’s rate of cash burn slowed significantly during the quarter. Endeavor reported having $869.8 million in cash on its books at quarter’s end, compared to $880.9 million as of March.

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