Endeavor Group Holdings, which is navigating the return of production and live events after the worst of the Covid-19 pandemic, reported mixed second-quarter results.The company said revenue in the period ending June 30 increased $650 from the year-earlier quarter to $1.1 billion.
That fell short of Wall Street analysts’ consensus estimate of $1.14 billion.Operating losses widened to $307.5 million from $251.9 million in the year-earlier period.Owned Sports Properties was the best-performing operating unit, with revenue up 70% to $106.6 million over the same quarter in 2020.
The increase was primarily driven by media rights fees and an increased number of UFC and PBR events as pandemic restrictions eased.
Read more on deadline.com
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