Endeavor Group Holdings, Inc. [EDR] Filings

10-Q 1 edr-20240930.htm 10-Q 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2024 or


☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission File Number: 001-40373

ENDEAVOR GROUP HOLDINGS, INC.

(Exact name of registrant as specified in its charter)


Delaware	83-3340169
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

9601 Wilshire Boulevard, 3rd Floor

Beverly Hills, CA 90210

(Address of principal executive offices) (Zip Code)

(310) 285-9000

(Registrant’s telephone number, including area code)

Not Applicable

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, par value $0.00001 per share	EDR	The New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.


Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

As of October 31, 2024, there were 308,175,511 shares of the registrant’s Class A common stock outstanding, 160,012,942 shares of the registrant’s Class X common stock outstanding and 215,972,056 shares of the registrant’s Class Y common stock outstanding.

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TABLE OF CONTENTS


Part I – FINANCIAL INFORMATION
Item 1. Financial Statements (unaudited)	4
Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023	4
Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023	5
Consolidated Statements of Comprehensive (Loss) Income for the Three and Nine Months Ended September 30, 2024 and 2023	6
Consolidated Statements of Redeemable Interests and Shareholders’ Equity for the Three and Nine Months Ended September 30, 2024 and 2023	9
Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023	11
Notes to Consolidated Financial Statements	12
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations	34
Item 3. Quantitative and Qualitative Disclosures About Market Risk	49
Item 4. Controls and Procedures	50
Part II – OTHER INFORMATION
Item 1. Legal Proceedings	50
Item 1A. Risk Factors	50
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	51
Item 5. Other Information	51
Item 6. Exhibits	52

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FORWARD LOOKING STATEMENTS

This Quarterly Report on Form 10-Q (the "Quarterly Report") contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of present and historical facts contained in this Quarterly Report, including without limitation, statements regarding the anticipated timing, benefits and costs associated with the Merger Agreement and Merger-Related Transactions (as defined below), our expectations surrounding the Merger Agreement and Merger-Related Transactions and their ability to maximize shareholder value, our expectations regarding strategic transactions, our expectations, beliefs, plans, strategies, objectives, prospects, assumptions, future events or expected performance, are forward-looking statements.

Without limiting the foregoing, you can generally identify forward-looking statements by the use of forward-looking terminology, including the terms "aim," "anticipate," "believe," "could," "mission," "may," "will," "should," "expect," "intend," "plan," "estimate," "project," "target," "predict," "potential," "contemplate," or, in each case, their negative, or other variations or comparable terminology and expressions. The forward-looking statements in this Quarterly Report are only predictions and are based on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. These forward-looking statements speak only as of the date of this Quarterly Report and are subject to a number of known and unknown risks, uncertainties and assumptions, including, but not limited to:

•

risks related to the Merger Agreement and Merger-Related Transactions;

•

changes in public and consumer tastes and preferences and industry trends;

•

impacts from changes in discretionary and corporate spending on entertainment and sports events due to factors beyond our control, such as adverse economic conditions, on our operations;

•

our ability to adapt to or manage new content distribution platforms or changes in consumer behavior resulting from new technologies;

•

our reliance on our professional reputation and brand name;

•

our dependence on the relationships of our management, agents, and other key personnel with clients across many content categories;

•

our ability to identify, recruit, and retain qualified and experienced agents and managers;

•

our ability to identify, sign, and retain clients;

•

our ability to avoid or manage conflicts of interest arising from our client and business relationships;

•

the loss or diminished performance of members of our executive management and other key employees;

•

our dependence on key relationships with television and cable networks, satellite providers, digital streaming partners, corporate sponsors, and other distribution partners;

•

our ability to effectively manage the integration of and recognize economic benefits from businesses acquired, our operations at our current size, and any future growth;

•

the conduct of our operations through joint ventures and other investments with third parties;

•

immigration restrictions and related factors;

•

failure to protect our IT Systems and Confidential Information against breakdowns, security breaches, and other cybersecurity risks;

•

the unauthorized disclosure of sensitive or confidential client or customer information;

•

our ability to protect our trademarks and other intellectual property rights, including our brand image and reputation, and the possibility that others may allege that we infringe upon their intellectual property rights;

•

risks associated with the legislative, judicial, accounting, regulatory, political and economic risks and conditions specific to both domestic and international markets;

•

fluctuations in foreign currency exchange rates;

•

litigation and other proceedings to the extent uninsured or underinsured;

•

our ability to comply with the U.S. and foreign governmental regulations to which we are subject;

•

our compliance with certain franchise and licensing requirements of unions and guilds and dependence on unionized labor, which exposes us to risks of work stoppages or labor disturbances;

•

our ability to obtain additional financing;

•

risks related to our sports betting businesses and applicable regulatory requirements;

•

risks related to successful integration of the businesses of WWE and UFC;

•

our control by Messrs. Emanuel and Whitesell, the Executive Holdcos, and the Silver Lake Equityholders;

•

risk related to our organization and structure;

•

conflicts of interests that could result due to the amendments to the Endeavor Operating Company LLC Agreement;

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•

our substantial indebtedness;

•

risks related to tax matters;

•

risks related to our Class A common stock;

•

risks related to the TKO Transactions;

•

risks related to our paying quarterly cash dividends, including pursuant to the Merger Agreement;

•

risks related to the TKO Asset Acquisition or other dispositions we may contemplate; and

•

other important factors that could cause actual results, performance or achievements to differ materially from those described in Part I, Item 1A. "Risk Factors" of our Annual Report on Form 10-K for the fiscal year December 31, 2023 ("2023 Annual Report") and Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in our Current Report on Form 8-K dated September 20, 2024, as updated by Part II, Item 1A. "Risk Factors" in this Quarterly Report, and Part I, Item 2. "Management’s Discussion and Analysis of Financial Condition and Results of Operations" in this Quarterly Report, and in our subsequent filings with the Securities and Exchange Commission (the "SEC").

These risks could cause actual results to differ materially from those implied by forward-looking statements in this Quarterly Report. Moreover, we operate in an evolving environment. New risk factors and uncertainties may emerge from time to time, and it is not possible for management to predict all risk factors and uncertainties. Even if our results of operations, financial condition and liquidity and the development of the industry in which we operate are consistent with the forward-looking statements contained in this Quarterly Report, those results or developments may not be indicative of results or developments in subsequent periods.

You should read this Quarterly Report and the documents that we reference herein completely and with the understanding that our actual future results may be materially different from what we expect. We qualify all of our forward-looking statements by these cautionary statements. Except as required by applicable law, we have no obligation to update or revise any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise.

Available Information and Website Disclosure

We are required to file annual, quarterly and current reports, proxy statements and other information with the SEC. Our filings with the SEC are also available to the public through the SEC’s website at www.sec.gov.

You also can find more information about us online at our investor relations website located at www.investor.endeavorco.com. Filings we make with the SEC and any amendments to those reports are available free of charge on our website as soon as reasonably practicable after we electronically file such material with the SEC. The information posted on or accessible through our website is not incorporated into this Quarterly Report.

Investors and others should note that we announce material financial and operational information to our investors using press releases, SEC filings and public conference calls and webcasts, and by postings on our investor relations site at investor.endeavorco.com. We may also use our website as a distribution channel of material Company information. In addition, you may automatically receive email alerts and other information about Endeavor when you enroll your email address by visiting the “Investor Email Alerts” option under the Resources tab on investor.endeavorco.com.

DEFINITIONS

As used in this Quarterly Report, unless we state otherwise or the context otherwise requires:

•

"we," "us," "our," "Endeavor," the "Company," and similar references refer to (a) after giving effect to the reorganization transactions, to Endeavor Group Holdings and its consolidated subsidiaries, and (b) prior to giving effect to the reorganization transactions, to Endeavor Operating Company and its consolidated subsidiaries.

•

"Endeavor Group Holdings" refers to Endeavor Group Holdings, Inc. ("EGH").

•

"Endeavor Manager" refers to Endeavor Manager, LLC, a Delaware limited liability company and a direct subsidiary of Endeavor Group Holdings following the reorganization transactions.

•

"Endeavor Manager Units" refers to the common interest units in Endeavor Manager.

•

"Endeavor Operating Company" refers to Endeavor Operating Company, LLC, a Delaware limited liability company and a direct subsidiary of Endeavor Manager’s and indirect subsidiary of ours following the reorganization transactions ("EOC").

•

"Endeavor Operating Company Units" refers to all of the existing equity interests in Endeavor Operating Company (other than the Endeavor Profits Units) that were reclassified into Endeavor Operating Company’s non-voting common interest units upon the consummation of the reorganization transactions.

•

"Endeavor Phantom Units" refers to the phantom units outstanding, which, subject to certain conditions and limitations, entitle the holder to cash equal to the value of a number of Endeavor Manager Units, Endeavor Operating Company Units, or Endeavor Profits Units, or of equity settled to the equivalent number of Endeavor Manager Units, Endeavor Operating Company Units, or Endeavor Profits Units.

•

"Endeavor Profits Units" refers to the profits units of Endeavor Operating Company that are economically similar to stock options. Each Endeavor Profits Unit has a per unit hurdle price, which is economically similar to the exercise price of a stock option.

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•

"Executive Holdcos" refers to Endeavor Executive Holdco, LLC, Endeavor Executive PIU Holdco, LLC, and Endeavor Executive II Holdco, LLC, each a management holding company, the equity owners of which include current and former senior officers, employees, or other service providers of Endeavor Operating Company, and which are controlled by Messrs. Emanuel and Whitesell.

•

"fully-diluted basis" means on a basis calculated assuming the full cash exercise (and not net settlement but, for the avoidance of doubt, including the conversion of the Convertible Notes (to the extent not converted prior to closing of the TKO Transactions)) of all outstanding options, warrants, restricted stock units, performance stock units, dividend equivalent rights and other rights and obligations (including any promised equity awards and assuming the full issuance of the shares underlying such awards) to acquire voting interests of TKO Group Holdings (without regard to any vesting provisions and, with respect to any promised awards whose issuance is conditioned in full or in part based on achievement of performance goals or metrics, assuming achievement at target performance) and the full conversion, exercise, exchange, settlement of all issued and outstanding securities convertible into or exercisable, exchangeable or settleable for voting interests of TKO Group Holdings, not including any voting interests of TKO Group Holdings reserved for issuance pursuant to future awards under any option, equity bonus, share purchase or other equity incentive plan or arrangement of TKO Group Holdings (other than promised awards described above), and any other interests or shares, as applicable, that may be issued or exercised. For the avoidance of doubt, this definition assumes no net settlement or other reduction in respect of withholding tax obligations in connection with the issuance, conversion, exercise, exchange or settlement of such rights or obligations to acquire interests of TKO Group Holdings as described in the foregoing.

•

"Merger Agreement" refers to the Agreement and Plan of Merger, entered into on April 2, 2024, by and among the Company, Endeavor Manager, Endeavor Operating Company (together with the Company and Endeavor Manager, the “Company Entities” and each, a “Company Entity”), Executive Holdcos, Wildcat EGH Holdco, L.P., a Delaware limited partnership (“Holdco Parent”), Wildcat OpCo Holdco, L.P., a Delaware limited partnership (“OpCo Parent” and, together with Holdco Parent, the “Parent Entities” and each, a “Parent Entity”), Wildcat PubCo Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Holdco Parent (“Company Merger Sub”), Wildcat Manager Merger Sub, L.L.C., a Delaware limited liability company and a wholly-owned subsidiary of Company Merger Sub (“Manager Merger Sub”), Wildcat OpCo Merger Sub, L.L.C., a Delaware limited liability company and wholly-owned subsidiary of OpCo Parent (“OpCo Merger Sub” and, together with Endeavor Manager Merger Sub and Company Merger Sub, the “Merger Subs” and each, a “Merger Sub”).

•

"Merger" and “Merger-Related Transactions” refers to the transactions contemplated by the terms of the Merger Agreement (as defined above) that, upon completion, will result in Endeavor’s common stock no longer being listed on any public market (referred to as, the “take-private transaction”). Pursuant to the Merger Agreement, (a) OpCo Merger Sub will merge with and into Endeavor Operating Company, with Endeavor Operating Company surviving the merger, collectively owned, directly or indirectly, by OpCo Parent, Endeavor Manager and certain Rollover Holders (as defined herein) (the “OpCo Merger”), (b) immediately following the OpCo Merger, Manager Merger Sub will merge with and into Endeavor Manager, with Endeavor Manager surviving the merger, wholly-owned by the Company (the “Manager Merger”) and (c) immediately following the Manager Merger, Company Merger Sub will merge with and into the Company, with the Company surviving the merger, collectively owned, directly or indirectly, by Holdco Parent and certain Rollover Holders (the “Company Merger” and, together with the Manager Merger and the OpCo Merger, the “Merger” and, together with the other transactions contemplated by the Merger Agreement, collectively, the “Merger-Related Transactions”).

•

"reorganization transactions" refers to the internal reorganization completed in connection with our May 2021 initial public offering ("IPO"), following which Endeavor Group Holdings manages and operates the business and control the strategic decisions and day-to-day operations of Endeavor Operating Company through Endeavor Manager and includes the operations of Endeavor Operating Company in its consolidated financial statements.

•

“Rollover Holders" refers to certain direct or indirect holders of equity interests in the Company and Endeavor Operating Company (each, a “Rollover Holder”) each of which entered into a rollover agreement with the Parent Entities, pursuant to which each Rollover Holder has agreed, on the terms and subject to the conditions set forth in the rollover agreements, that certain of their equity interests in Endeavor Operating Company will remain outstanding in the OpCo Merger, and/or certain of shares of Common Stock they own will remain outstanding in the Company Merger.

•

"Silver Lake Equityholders" refers to certain affiliates of Silver Lake that are our stockholders.

•

"TKO" refers to TKO Group Holdings, Inc., a consolidated subsidiary of the Company, which, following the TKO Transactions, owns and operates the UFC and WWE.

•

The "TKO Transactions" refer to the combination of the UFC and WWE businesses into a new publicly listed company, TKO.

•

"UFC" refers to the Ultimate Fighting Championship, the professional mixed martial arts ("MMA") organization.

•

"UFC Parent" or "Zuffa" refers to Zuffa Parent LLC (n/k/a TKO Operating Company, LLC or "TKO OpCo").

•

"WWE" refers to World Wrestling Entertainment, Inc. (n/k/a World Wrestling Entertainment, LLC).

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Item 1. Financial Statements (Unaudited)

PART I – FINANCIAL INFORMATION

ENDEAVOR GROUP HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

(In thousands, except share data)

(Unaudited)


	September 30,			December 31,
	2024			2023
ASSETS
Current Assets:
Cash and cash equivalents	$	1,004,129		$	1,166,526
Restricted cash		325,147			278,456
Accounts receivable (net of allowance for doubtful accounts of $50,250 and $58,026, respectively)		1,029,559			810,857
Deferred costs		250,051			606,207
Other current assets		515,068			432,042
Current assets of discontinued operations		220,883			170,459
Total current assets		3,344,837			3,464,547
Property and equipment, net		842,623			914,645
Operating lease right-of-use assets		405,237			309,704
Intangible assets, net		4,558,531			4,812,284
Goodwill		9,519,126			9,517,143
Investments		404,693			394,179
Deferred income taxes		448,992			430,339
Other assets		737,894			599,765
Long-term assets of discontinued operations		515,991			1,102,167
Total assets	$	20,777,924		$	21,544,773
LIABILITIES, REDEEMABLE INTERESTS AND SHAREHOLDERS' EQUITY
Current Liabilities:
Accounts payable	$	541,431		$	462,361
Accrued liabilities		1,132,911			684,390
Current portion of long-term debt		2,323,825			58,894
Current portion of operating lease liabilities		67,705			73,899
Deferred revenue		509,754			802,344
Deposits received on behalf of clients		311,880			262,436
Current portion of tax receivable agreement liability		124,015			156,155
Other current liabilities		51,223			97,190
Current liabilities of discontinued operations		208,384			199,276
Total current liabilities		5,271,128			2,796,945
Long-term debt		2,904,272			4,969,417
Long-term operating lease liabilities		378,953			279,042
Long-term tax receivable agreement liability		744,948			834,298
Deferred tax liabilities		448,618			446,861
Other long-term liabilities		439,364			393,322
Long-term liabilities of discontinued operations		101,711			102,377
Total liabilities		10,288,994			9,822,262
Commitments and contingencies (Note 18)
Redeemable non-controlling interests		226,731			215,458
Shareholders' Equity:
Class A common stock, $0.00001 par value; 5,000,000,000 shares authorized; 307,864,479 and 298,698,490 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		3			3
Class B common stock, $0.00001 par value; 5,000,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023		—			—
Class C common stock, $0.00001 par value; 5,000,000,000 shares authorized; none issued and outstanding as of September 30, 2024 and December 31, 2023		—			—
Class X common stock, $0.00001 par value; 4,967,940,840 and 4,983,448,411 shares authorized; 160,244,257 and 166,569,908 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		1			1
Class Y common stock, $0.00001 par value; 987,806,109 and 989,681,838 shares authorized; 216,020,232 and 225,960,405 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively		2			2
Additional paid-in capital		5,000,001			4,901,922
Accumulated deficit		(788,454	)		(117,065	)
Accumulated other comprehensive income (loss)		13,283			(157	)
Total Endeavor Group Holdings, Inc. shareholders' equity		4,224,836			4,784,706
Nonredeemable non-controlling interests		6,037,363			6,722,347
Total shareholders' equity		10,262,199			11,507,053
Total liabilities, redeemable interests and shareholders' equity	$	20,777,924		$	21,544,773

See accompanying notes to consolidated financial statements

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ENDEAVOR GROUP HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except share and per share data)

(Unaudited)


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Revenue	$	2,031,790		$	1,219,547		$	5,542,708		$	4,021,173
Operating expenses:
Direct operating costs		1,097,631			431,076			2,630,435			1,618,563
Selling, general and administrative expenses		791,650			671,505			2,596,795			1,884,568
Depreciation and amortization		135,524			66,602			416,556			171,715
Impairment charges		—			28,196			—			28,196
Total operating expenses		2,024,805			1,197,379			5,643,786			3,703,042
Operating income (loss) from continuing operations		6,985			22,168			(101,078	)		318,131
Other (expense) income:
Interest expense, net		(108,134	)		(82,271	)		(302,531	)		(257,811	)
Tax receivable agreement liability adjustment		(16	)		(20,297	)		(2,460	)		(7,779	)
Other income (expense), net		33,846			(12,989	)		32,574			753,544
(Loss) income from continuing operations before income taxes and equity losses of affiliates		(67,319	)		(93,389	)		(373,495	)		806,085
Provision for (benefit from) income taxes		113,774			20,853			(93,129	)		195,521
(Loss) income from continuing operations before equity losses of affiliates		(181,093	)		(114,242	)		(280,366	)		610,564
Equity losses of affiliates, net of tax		(5,219	)		(2,748	)		(10,315	)		(22,291	)
(Loss) income from continuing operations, net of tax		(186,312	)		(116,990	)		(290,681	)		588,273
Discontinued operations:
(Loss) income from discontinued operations		(442,279	)		10,148			(710,886	)		8,918
(Benefit for) provision for income taxes		(208,229	)		9,142			(23,962	)		10,385
(Loss) income from discontinued operations, net of tax		(234,050	)		1,006			(686,924	)		(1,467	)
Net (loss) income		(420,362	)		(115,984	)		(977,605	)		586,806
Less: Net (loss) income attributable to non-controlling interests		(155,693	)		(46,776	)		(361,078	)		244,809
Net (loss) income attributable to Endeavor Group Holdings, Inc.	$	(264,669	)	$	(69,208	)	$	(616,527	)	$	341,997


(Loss) earnings per share of Class A common stock:
Basic from continuing operations	$	(0.44	)	$	(0.22	)	$	(0.60	)	$	1.15
Basic from discontinued operations		(0.42	)		(0.01	)		(1.42	)		(0.01	)
Basic		(0.86	)		(0.23	)		(2.02	)		1.14

Diluted from continuing operations		(0.44	)		(0.24	)		(0.60	)		1.13
Diluted from discontinued operations		(0.42	)		(0.01	)		(1.42	)		(0.01	)
Diluted		(0.86	)		(0.25	)		(2.02	)		1.12

Weighted average number of shares used in computing (loss) earnings per share:
Basic		306,992,963			301,876,322			303,893,880			298,311,200
Diluted		306,992,963			300,640,142			303,893,880			301,305,267

See accompanying notes to consolidated financial statements

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ENDEAVOR GROUP HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(In thousands)

(Unaudited)


	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Net (loss) income	$	(420,362	)	$	(115,984	)	$	(977,605	)	$	586,806
Other comprehensive (loss) income, net of tax:
Change in unrealized gains/losses on cash flow hedges:
Unrealized (losses) gains on interest rate swaps		(383	)		6,353			9,153			24,384
Reclassification of gains to net (loss) income for interest rate swaps		(3,020	)		(16,330	)		(36,520	)		(42,687	)
Foreign currency translation adjustments		60,365			(43,030	)		43,051			(1,714	)
Reclassification of foreign currency translation losses to net (loss) income for business divestiture		—			—			1,397			3,270
Total comprehensive (loss) income, net of tax		(363,400	)		(168,991	)		(960,524	)		570,059
Less: Comprehensive (loss) income attributable to non-controlling interests		(137,515	)		(65,573	)		(357,695	)		238,085
Comprehensive (loss) income attributable to Endeavor Group Holdings, Inc.	$	(225,885	)	$	(103,418	)	$	(602,829	)	$	331,974

See accompanying notes to consolidated financial statements

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ENDEAVOR GROUP HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF REDEEMABLE INTERESTS AND SHAREHOLDERS' EQUITY

(In thousands, except share data)

(Unaudited)


	Three Months Ended September 30, 2024

																							Accumulated			Total Shareholders'
	Redeemable																	Additional		Retained Earnings			Other			Equity Attributable			Nonredeemable			Total
	Non-controlling			Class A Common Stock				Class X Common Stock					Class Y Common Stock					Paid-In		(Accumulated			Comprehensive			to Endeavor Group			Non-controlling			Shareholders'
	Interests			Shares		Amount		Shares			Amount		Shares			Amount		Capital		Deficit)			Income/(Loss)			Holdings, Inc.			Interests			Equity

Balance at July 1, 2024	$	229,736			306,602,233	$	3		161,433,926		$	1		216,298,160		$	2	$	4,956,534	$	(505,359	)	$	(25,502	)	$	4,425,679		$	6,177,353		$	10,603,032
Comprehensive income (loss)		(236	)		—		—		—			—		—			—		—		(264,669	)		38,784			(225,885	)		(137,279	)		(363,164	)
Equity-based compensation		—			—		—		—			—		—			—		31,425		—			—			31,425			19,376			50,801
Issuance of Class A common stock due to exchanges		—			1,189,669		—		(1,189,669	)		—		(277,928	)		—		—		—			—			—			—			—
Issuance of Class A common stock due to releases of RSUs		—			72,577		—		—			—		—			—		—		—			—			—			—			—
Contributions		—			—		—		—			—		—			—		—		—			—			—			6,387			6,387
Distributions		(2,769	)		—		—		—			—		—			—		—		—			—			—			(2,963	)		(2,963	)
Dividends ($0.06 per share)		—			—		—		—			—		—			—		—		(18,426	)		—			(18,426	)		(9,139	)		(27,565	)
Acquisition of non-controlling interests		—			—		—		—			—		—			—		—		—			—			—			479			479
Non-controlling interests for sale of businesses		—			—		—		—			—		—			—		—		—			—			—			943			943
Taxes paid related to net settlement upon vesting of equity awards		—			—		—		—

Endeavor Group Holdings, Inc. [EDR] Filings
10-Q	[2024-11]
10-Q	[2024-08]
10-Q	[2024-05-09]
10-K	[2024-02-28]
10-Q	[2023-11-08]
10-Q	[2023-08-08]
10-Q	[2023-05-09]
10-K	[2023-02-28]
10-Q	[2022-11-10]
10-Q	[2022-08-12]
10-Q	[2022-05-12]
10-K	[2022-03-16]
10-Q	[2021-11-15]
10-Q	[2021-08-16]
S-1	[2021-06-30]
10-Q	[2021-06-02]
S-1	[2021-03-31]
S-1	[2019-05-23]