Endeavor delivered strong second quarter earnings on Thursday with wind at the back of its sports, live events and talent representation operations.The company that is home to UFC, WME and IMG saw year-over year revenue gains at its key units for the quarter as sports and entertainment activity continues to adjust to the post-pandemic new normal. Strong demand especially for sports and events pushed Endeavor to post net income of $42.2 million on revenue of $1.3 billion, which was up...
Endeavor
Ariel
Emanuel
CEO
After a long-gestating Endeavor IPO that raised $511 million in 2021, Emanuel continued to build out the company he grew from a mere talent agency into a multi-tentacled conglomerate that encompasses media production and distribution, experiential marketing and MMA organization UFC. Endeavor this year acquired betting-engine technology company Open Bet for $800 million and a 55% stake in collector car auctioneer and live events company Barrett-Jackson for $251 million. It also sold an 80% interest of the scripted business of Endeavor Content (now called Fifth Season). He enjoys continued success with WME clients, whose 2022 awards haul included 35 Grammys, five Emmys and five Oscars. And Emanuel has been well compensated for his efforts, with the company’s annual SEC report showing his 2021 pay package at north of $308 million.