Endeavor Group Holdings, Inc. Class A Common Stock (EDR)
30.21
-0.80 (-2.59%)
Endeavor Group Holdings Inc is a global entertainment and media company that operates in various sectors, including talent representation, sports, events, and content production
The company is known for its diverse portfolio, which encompasses talent agencies, broadcasting, and live events, allowing it to manage and promote a wide range of artists, athletes, and brands. Additionally, Endeavor engages in strategic partnerships and investments, leveraging its extensive industry networks to create innovative solutions in the entertainment landscape, thus maximizing opportunities for its clients and stakeholders.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Disney (NYSEDIS) and the rest of the media stocks fared in Q3.
Endeavor’s 14.9% return over the past six months has outpaced the S&P 500 by 8.6%, and its stock price has climbed to $31.26 per share. This performance may have investors wondering how to approach the situation.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the media industry, including The New York Times (NYSENYT) and its peers.
Global talent agency and entertainment company Endeavor (NYSEEDR) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 51.1% year on year to $2.03 billion. Its GAAP loss of $0.86 per share was also below analysts’ consensus estimates.
Silver Lake's acquisition of Endeavor at a 55% premium to the unaffected share price of $17.72 per share at market close on October 25, 2023, sets a milestone in media, with TKO Group Holdings remaining publicly traded.
