Endeavor Group Slips To Loss In Q1

RTTNews | hace 475
Stocktwits
Endeavor Group Slips To Loss In Q1

(RTTNews) - Endeavor Group Holdings, Inc. (EDR) on Thursday reported a net loss attributable to the company of $137.34 million or $0.46 per share, compared to net income of $8.03 million or $0.03 per share in the prior-year quarter.

On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter increased to $1.85 billion from $1.59 billion in the same quarter last year. Analysts expected net sales of $1.89 billion for the quarter.

In April, Endeavor Group concluded review of strategic alternatives with the announcement of a definitive agreement to be acquired by Silver Lake, the global leader in technology investing, for $27.50 per share in cash. The transaction is expected to close by the end of the first quarter of 2025.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: EDR
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Endeavor Seeks Alternatives; Investor Silver Lake Considers Taking It Private

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Sports and entertainment company Endeavor Group Holdings, Inc. (EDR) announced Friday the closure of its acquisition of OpenBet, a leading content, platform and service provider to the sports betting industry, from Light & Wonder, Inc. (LNW) for approximately $800 million paid through a combination of cash ($750 million, subject to certain customary adjustments) and shares of Endeavor's Class A common stock.
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China Stock Market May Stop The Bleeding On Thursday

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RTTNews | hace 1h 11min
Malaysia Bourse May Add To Its Winnings On Thursday

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The Malaysia stock market rebounded on Wednesday, one day after ending the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,585-point plateau and it's expected to open in the green again on Thursday.
RTTNews | hace 1h 41min
Higher Open Called For Japan Stock Market

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