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Endeavor's Final Annual Report Shows Sports, Talent Strength

WME and IMG Media parent Endeavor Group Holdings goes private on Monday when controlling shareholder Silver Lake will complete its buyout of the business. That means public disclosure of the sports and entertainment conglomerate will go quiet after a stretch that saw Endeavor unveil financial results reaching as far back as 2014.
The final annual report from Endeavor Group Holdings Inc., released before its merger with World Wrestling Entertainment Inc. to form TKO Group Holdings, highlights the company's robust performance in sports and entertainment. Endeavor, which owns the Ultimate Fighting Championship (UFC), reported a significant increase in revenue, driven by high demand for live events and a strong recovery in the sports and entertainment sectors post-COVID. The report detailed a 20% rise in revenue from its owned sports properties, with UFC alone generating $1.14 billion in the first half of 2023. Additionally, Endeavor's representation business, including talent and literary agencies like WME and IMG, saw growth due to increased activity in film, TV, and music. The report also emphasized Endeavor's strategic moves to expand its global footprint and enhance its content creation capabilities, setting a positive outlook for the newly formed TKO Group Holdings.

Read the Full Sportico Article at:
[ https://www.msn.com/en-us/money/news/endeavors-final-annual-report-shows-sports-talent-strength/ar-AA1Becty ]