Endeavor Shrugs Off Strike Hit In Q2 To Beat Wall Street Expectations, Announces More Specific Date Range For Close Of WWE-UFC Merger

Endeavor Group Holdings said the WGA strike hit its representation business, but the firm still beat Wall Street expectations in the second quarter.

August 8, 2023 · 1 min · 61 words · Anthony Hayes

(Previous guidance was for a deal close sometime in the second half of the year.)

Representation segment revenue increased 6.5% from the year-ago period to hit $381.1 million.

Adjusted EBITDA fell 4%.

Endeavor Group Holdings

Endeavor Group Holdings launched its IPO in 2021Arturo Holmes/Getty Images for Endeavor

The earnings release pointed to forthcoming share buybacks and the launch of a dividend payment to shareholders.