Endeavor swung to the red last quarter with a $12.5-million loss stemming not from its core businesses but a minority investment in struggling college sports marketing film Learfield, and its remai…
Endeavor sold the bulk of Endeavor Content back in January to Korea’s CJ ENM, keeping 20% of scripted business, the non-scripted portion and some documentary and film sales and financing consulting services. Snoop Dogg Signs With WME In All Areas
The total impairments, for $84.5 million net of tax, included write-downs, and resulted in an EPS loss of 4 cents a share vs a positive 16 cents the year before.The company’s Owned Sports Properties division, led by, saw revenue jump 39% to $402 million driven by higher media rights fees and live event, partnership, consumer product and licensing revenues, as well as an additional pay-per-view event and more events with live audiences. Adjusted EBITDA grew 45% to $196 million.
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