Endeavor Group Holdings (EDR) Company Overview

After the announcement of the $13 billion deal to take the company private in April 2024, TKO's stock price has jumped nearly 75%, reaching $156.

LOS ANGELES--(BUSINESS WIRE)--Endeavor Group Real Estate (EGRE), a real estate company from Wyoming, is urging all Californians affected by the recent fires to take action. It is estimated that over 50,000 people are looking for housing, as many homes have either been destroyed or are no longer livable. Richard Rubin, a Managing Partner at Endeavor and a local resident of LA, has a lot of experience in transforming vacant office buildings, shopping centers, and hotels into homes.

Diamondback Energy's latest purchase is intended to reduce production expenses and improve overall operations. The teamwork among management is anticipated to result in considerable savings and better efficiency. The company's breakeven price has decreased to $37 per barrel, making it one of the lowest in the upstream sector.

Viper Energy's most recent acquisition had a small impact in the third quarter, with the rest being finalized in the fourth quarter. The management noted that the latest distribution was 83% of the available cash, exceeding their target of 75%. Viper's dividend plan features a base dividend secured at WTI $30 per share, along with a variable dividend that depends on share buybacks.

On Monday, Endeavor Group announced that it will sell its OpenBet and IMG Arena businesses to a management-led team called OB Global, which is supported by Hollywood executive Ari Emanuel, for approximately $450 million.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) has announced that it will sell OpenBet and IMG ARENA to OB Global Holdings LLC in a management buyout supported by Ariel Emanuel and OpenBet executives, including CEO Jordan Levin. Levin stated that this buyout will help them pursue their goals for market growth and product development.

On October 21, 2024, Endeavor Bancorp announced a net income of $924,000, or $0.22 per diluted share, for the third quarter of 2024. This is an increase from $760,000, or $0.18 per diluted share, in the second quarter of 2024, but a decrease from $1,218,000, or $0.29 per diluted share, in the same quarter last year. The pretax net income for the third quarter was $1.3 million, up from $1.1 million in the previous quarter but down from $1.7 million a year ago.

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor”), a worldwide sports and entertainment firm, will publish its third quarter 2024 results before the market opens on Thursday, November 7, 2024. After announcing its agreement to be acquired by Silver Lake, Endeavor will not hold an earnings conference call. The earnings report and any related presentation materials will be available on Endeavor's investor relations website.

Endeavor Group (EDR) reported quarterly earnings of $0.54 per share, which is lower than the Zacks Consensus Estimate of $0.59 per share. In the same period last year, the company had a loss of $0.19 per share.