• Loading stock data...
Sunday, June 15, 2025

Endeavor Reports $1.4B in Third-Quarter Revenue

Ed Mulholland-USA TODAY Sports/Design: Alex Brooks

UFC and WME parent company Endeavor posted $1.4 billion in third-quarter revenue on Tuesday, recording $63.6 million in net income.

The company says it delivered its “best nine-month, year-to-date period in UFC history,” for the span ending Sept. 30, despite third-quarter revenue for its owned sports properties division falling by $10.6 million year-over-year to $288.5 million.

Endeavor’s events, experiences, and rights segment jumped $62.1 million to $446.3 million, though it was “partially offset by a decrease in media rights revenues.”

During the quarter, Endeavor made a number of moves to expand its sports business.

  • The company announced its intent to acquire sports betting company OpenBet from Scientific Games for $1.2 billion.
  • It closed its reported $60 million acquisition of sports digital agency Mailman Group in July.
  • It participated in Fanatics’ $350 million funding round in September.

The company is also reportedly teaming up with private equity firm Silver Lake to buy minor league baseball teams, and agreed to a deal with eBay last month to sell sports memorabilia.

Endeavor increased its full-year revenue guidance to between $4.89 and $4.95 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

NFL Acquires More of Genius Sports to Boost Betting, Data

The league is poised to become the data company’s largest shareholder.
Apr 3, 2022; Arlington, TX, USA; WWE owner Vince McMahon enters the arena during WrestleMania at AT&T Stadium.

Vince McMahon Has Dumped Close to $2 Billion of TKO Stock in..

The embattled WWE founder is fighting sexual assault allegations in court.
Vince McMahon

Former WWE Exec Flips on Vince McMahon in Sex Abuse Lawsuit

Janel Grant and John Laurinaitis announced their settlement Wednesday.
Vince McMahon

Vince McMahon Could Have to Turn Over Hush Money Documents in Court

Suing shareholders want to know his “state of mind” during UFC merger.

Featured Today

Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.
June 6, 2025

Every College Wants a Flashy Basketball GM Hire Right Now

The role is more important than ever, and the definition is ever-evolving.
August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.
June 6, 2025

Why the Goodyear Blimp Is at Every Major Sports Event

The airship wasn’t built to cover sports. Now it’s a regular presence.
A view of the FanDuel Sportsbook betting area at Belterra Park Cincinnati.
exclusive

FanDuel, Kalshi Have Discussed a Deal

Could FanDuel take an equity stake in Kalshi?
May 1, 2024; Los Angeles, California, USA; A general overall view as Dallas Mavericks and LA Clippers players run across the Clippers logo at midcourt in the first half during game five of the first round for the 2024 NBA playoffs at Crypto.com Arena.
June 6, 2025

Kalshi’s Momentum Fuels Crypto.com’s Fight Over Sports Markets

Crypto.com cited a recent Kalshi court victory in its own fight against Nevada.
Fanduel
June 10, 2025

FanDuel, DraftKings Add Illinois Transaction Fee in Response to New Tax

FanDuel will charge 50 cents per bet starting Sept. 1.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
Illinois Gov. JB Pritzker speaks after giving his annual State of the State address on Wednesday, Feb. 19, 2025, in Springfield.
June 2, 2025

Illinois Passes New Sports Betting Tax in Middle of the Night

This is the second straight year Illinois approved a tax increase on sportsbooks.
May 18, 2025; Los Angeles, California, USA; Minnesota Lynx forward Napheesa Collier (24) looks to shoot against Los Angeles Sparks forward Dearica Hamby (5) during the first quarter at Crypto.com Arena.
May 27, 2025

Napheesa Collier Is Odds-On WNBA MVP Favorite After Caitlin Clark Injury

Collier and Clark had been close in the odds.
Sports are shown on TVs behind a bar as guests enjoy the grand opening of DraftKings Sports & Social in Ohio.
May 9, 2025

DraftKings, FanDuel Interested in Sports Prediction Markets

Sports betting giants are eyeing sports “prediction” markets.
United States District Court, District of New Jersey. Federal Courthouse in Newark. on Thursday Feb. 11, 2021. Newark Federal Courthouse
April 29, 2025

Kalshi Gains More Legal Momentum With Early New Jersey Win

Kalshi has begun racking up early legal victories as it defends its sports event contracts.