• Loading stock data...
Monday, June 2, 2025

No Knockouts for UFC Owner’s $1.2B Quarter

  • Endeavor closed its $800 million acquisition of sports betting company OpenBet during the quarter.
  • It also sold Diamond Baseball Holdings to Silver Lake for $280 million.
Endeavor
Craig Kidwell-USA TODAY Sports

Endeavor reported $1.22 billion in third-quarter revenue, down from $1.39 billion during the same period last year.

The owner of mixed martial arts promotion UFC and talent agency WME posted a net loss of $12.5 million, compared to $63.6 million in net income in Q3 FY 2021.

  • The Events, Experiences & Rights segment brought in revenue of $440.6 million, down $5.7 million year-over-year, primarily attributed to media rights to non-annual events.
  • Revenue for its Owned Sports Properties segments jumped to $402.3 million, a $113.8 million increase from last year, partially due to an increase in product and licensing revenues at UFC.
  • Endeavor’s Representation segment’s revenue fell $276.4 million to $388.3 million.

Endeavor closed its $800 million acquisition of sports betting company OpenBet during the quarter. The initial agreement was reportedly worth $1.2 billion, but that number fell in July, per an SEC filing. The deal combines OpenBet with IMG Arena, Endeavor’s sports betting unit.

The company expects $5.24 billion to $5.33 billion in full-year revenue.

Ballpark Policies 

During the quarter, Endeavor announced plans to sell Diamond Baseball Holdings to Silver Lake — Endeavor’s majority investor — for $280 million. DBH was formed last year and now includes 10 minor league baseball teams.

Endeavor president Mark Shapiro said at the time that the company’s “relationship with MLB and the MLBPA took priority” — the MLBPA previously claimed Endeavor’s ownership of player agents in its WME Sports division was a conflict of interest.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Verstappen Nears F1 Suspension After ‘Mario Kart’–Style Mayhem

The Red Bull driver received penalty points in Sunday’s race.

As TNT NBA Era Ends, Charles Barkley Calls ESPN Move an ‘Honor’

TNT’s final NBA game was Pacers–Knicks on Saturday night.

Steve Cohen Taps USTA’s Lew Sherr to Reshape Mets Off Field

The MLB club hires a top executive from the U.S. Tennis Association.

Chiefs, Royals Stadium Plans Hit Political Wall As Both Parties Say No

Both Republicans and Democrats in Missouri oppose public funding for stadiums.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.
James Harden

Adidas Posts Big Profits in First Quarter Without Yeezy

Profits and sales are up after selling off remaining Yeezys last year.
Oracle Park
March 18, 2025

S.F. Giants Selling Stake to Private Equity to Pay for Facility Upgrades

The team said the cash would not be used to grow payroll.
March 20, 2025

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Sponsored

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

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
February 14, 2025

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.