Select Page

BEVERLY HILLS, Calif.–(BUSINESS WIRE)–Endeavor Group Holdings, Inc. (NYSE: EDR) (“Endeavor” or the “Company”), a global sports and entertainment company, today released its financial results for the quarterly period ended September 30, 2022.

Highlights

  • $1.221 billion in Q3 2022 revenue
  • Given continued strength across the business and good line of sight through the end of the year, increased Adjusted EBITDA guidance for full year 2022 (new range between $1.145 billion to $1.175 billion; up $10 million from the midpoint of prior range, representing year-over-year Adjusted EBITDA growth of 32%)
  • Continued focus on achieving long-term leverage target, having repaid $250 million of debt in the third quarter with the intent to repay an additional $250 million of debt by year’s end
  • OpenBet acquisition closed during the quarter

Q3 2022 Consolidated Financial Results

  • Revenue: $1.221 billion
  • Net loss: $12.5 million; net loss margin of 1%
  • Adjusted EBITDA: $303.1 million; Adjusted EBITDA margin of 24.8%

Our business performed well in the quarter despite a turbulent macroeconomic environment,” remarked Ariel Emanuel, CEO, Endeavor. “Given our unique positioning relative to a set of highly resilient secular industry trends across premium sports and entertainment content and live events, we remain confident in our ability to continue delivering on our long-term growth strategy while also being good stewards of capital.”

Segment Operating Results

  • Owned Sports Properties segment revenue was $402.3 million for the quarter, up $113.8 million, or 39% compared to the third quarter of 2021. Growth was driven by an increase in media rights fees and live event, partnership, consumer product and licensing revenues at UFC, as well as an additional pay-per-view event and more events with live audiences versus the prior year. PBR and Diamond Baseball Holdings also contributed to growth in the quarter. The segment’s Adjusted EBITDA was $195.7 million for the quarter, up $61.1 million, or 45%, year-over-year.
  • Events, Experiences & Rights segment revenue was $440.6 million for the quarter, down $5.7 million, or 1% compared to the third quarter of 2021. The decrease was primarily due to certain media rights deals for events that do not occur annually, including the Ryder Cup, the UEFA Euro Championship and the CONCACAF World Cup qualifying games, as well as the timing of certain events that took place earlier in 2022 than the prior year. These decreases were partially offset by revenue growth from events including Wimbledon, Frieze Seoul, the Aer Lingus Classic, and various music events, as well as increased enrollment at IMG Academy. The segment’s Adjusted EBITDA was $49.7 million for the quarter, down $35.3 million, or 42%, year-over-year. Adjusted EBITDA was impacted by the timing of events, insurance recoveries recognized in the prior year, as well as increased cost of personnel, including the continued investment in the Olympics business at On Location.
  • Representation segment revenue was $388.3 million for the quarter, down $276.4 million, or 42% compared to the third quarter of 2021. The decrease was primarily due to $334 million of revenue in the prior year from the restricted Endeavor Content business, which was sold in January 2022. The decrease was partially offset by continued strong demand for talent including the recovery of music and comedy touring, as well as increased corporate brand spending at 160over90. Excluding revenue attributable to the restricted Endeavor Content business, revenue increased 17%. The segment’s Adjusted EBITDA was $132.9 million for the quarter, down $8.9 million, or 6%, year-over-year. The prior year’s quarter included $26.5 million of Adjusted EBITDA from the restricted Endeavor Content business.

2022 Annual Guidance

  • Revenue is expected to be between $5.235 billion and $5.325 billion
  • Adjusted EBITDA is expected to be between $1.145 billion and $1.175 billion

Balance Sheet and Liquidity

At September 30, 2022, cash and cash equivalents totaled $970.8 million, compared to $1.824 billion at June 30, 2022. Total debt was $5.427 billion at September 30, 2022, compared to $5.684 billion at June 30, 2022.

For further information regarding the Company’s financial results, as well as certain non-GAAP financial measures, and the reconciliations thereof, please refer to the following pages of this release or visit the Company’s Investor Relation site at investor.endeavorco.com.

Webcast Details

Endeavor will host an audio webcast to discuss its results and provide a business update at 2 p.m. PT / 5 p.m. ET today. The event can be accessed at: https://events.q4inc.com/attendee/518939942

The link to the webcast, as well as a recording, will also be available within the News/Events section of investor.endeavorco.com.

Forward-Looking Statements

This press release 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, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements in this press release that do not relate to matters of historical fact should be considered forward- looking statements, including the Company’s guidance for full year 2022 and its deleveraging efforts and debt repayment, and timing thereof. The words “believe,” “may,” “will,” “estimate,” “potential,” “continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” and similar expressions are intended to identify forward-looking statements, though not all forward-looking statements use these words or expressions. These forward-looking statements are based on management’s current expectations. These statements are neither promises nor guarantees and involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from what is expressed or implied by the forward-looking statements, including, but not limited to: the impact of COVID-19 on Endeavor’s business, financial condition, liquidity and results of operations; changes in public and consumer tastes and preferences and industry trends; Endeavor’s ability to adapt to or manage new content distribution platforms or changes in consumer behavior; Endeavor’s dependence on the relationships of its management, agents, and other key personnel with clients; Endeavor’s dependence on key relationships with television and cable networks, satellite providers, digital streaming partners, corporate sponsors, and other distribution partners; risks related to Endeavor’s organization and structure; and other important factors discussed in Part I, Item 1A “Risk Factors” in Endeavor’s Annual Report on Form 10-K for the fiscal year ended December 31, 2021, as updated by Part II, Item 1A “Risk Factors” in Endeavor’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2022, as any such factors may be updated from time to time in its other filings with the Securities and Exchange Commission (the “SEC”), accessible on the SEC’s website at www.sec.gov and Endeavor’s Investor Relations site at investor.endeavorco.com. Forward-looking statements speak only as of the date they are made and, except as may be required under applicable law, Endeavor undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

We refer to certain financial measures that are not recognized under United States generally accepted accounting principles (“GAAP”). Please see “Note Regarding Non-GAAP Financial Measures” and the reconciliation tables below for additional information and a reconciliation of the Non-GAAP financial measures to the most comparable GAAP financial measures.

About Endeavor

Endeavor is a global sports and entertainment company, home to many of the world’s most dynamic and engaging storytellers, brands, live events and experiences. The company is comprised of industry leaders including entertainment agency WME; sports, fashion, events and media company IMG; and premier mixed martial arts organization UFC. The Endeavor network specializes in talent representation, sports operations & advisory, event & experiences management, media production & distribution, experiential marketing and brand licensing.

Website Disclosure

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 webcasts, as well as our Investor Relations site at investor.endeavorco.com. 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.

Consolidated Statements of Operations

(Unaudited)

(In thousands, except share and per share data)

 
Three Months Ended September 30, Nine Months Ended September 30,

2022

2021

2022

2021

Revenue

$

1,221,416

 

$

1,391,303

 

$

4,007,694

 

$

3,572,157

 

Operating expenses:
Direct operating costs

 

398,518

 

 

673,215

 

 

1,601,544

 

 

1,790,562

 

Selling, general and administrative expenses

 

601,469

 

 

520,626

 

 

1,729,174

 

 

1,686,840

 

Insurance recoveries

 

 

 

(12,233

)

 

(993

)

 

(42,100

)

Depreciation and amortization

 

63,571

 

 

71,661

 

 

195,177

 

 

208,058

 

Impairment charges

 

689

 

 

754

 

 

689

 

 

4,524

 

Total operating expenses

 

1,064,247

 

 

1,254,023

 

 

3,525,591

 

 

3,647,884

 

Operating income (loss)

 

157,169

 

 

137,280

 

 

482,103

 

 

(75,727

)

Other (expense) income:
Interest expense, net

 

(75,608

)

 

(55,783

)

 

(197,385

)

 

(207,970

)

Loss on extinguishment of debt

 

 

 

 

 

 

 

(28,628

)

Tax receivable agreements liability adjustment

 

(10,405

)

 

 

 

(61,497

)

 

 

Other income (expense), net

 

9,325

 

 

(7,719

)

 

463,133

 

 

(3,001

)

Income (loss) before income taxes and equity losses of affiliates

 

80,481

 

 

73,778

 

 

686,354

 

 

(315,326

)

Provision for (benefit from) income taxes

 

8,515

 

 

(7,718

)

 

(6,020

)

 

58,285

 

Income (loss) before equity losses of affiliates

 

71,966

 

 

81,496

 

 

692,374

 

 

(373,611

)

Equity losses of affiliates, net of tax

 

(84,504

)

 

(17,883

)

 

(145,026

)

 

(77,167

)

Net (loss) income

 

(12,538

)

 

63,613

 

 

547,348

 

 

(450,778

)

Less: Net (loss) income attributable to non-controlling interests

 

(2,499

)

 

21,128

 

 

212,035

 

 

(141,980

)

Less: Net loss attributable to Endeavor Operating Company, LLC prior to the reorganization transactions

 

 

 

 

 

 

 

(31,686

)

Net (loss) income attributable to Endeavor Group Holdings, Inc.

$

(10,039

)

$

42,485

 

$

335,313

 

$

(277,112

)

 
 
(Loss) earnings per share of Class A common stock(1):
Basic

$

(0.04

)

$

0.16

 

$

1.22

 

$

(1.07

)

Diluted

$

(0.04

)

$

0.16

 

$

1.19

 

$

(1.07

)

 
Weighted average number of shares used in computing (loss) earnings per share:
Basic

 

285,870,317

 

 

262,891,070

 

 

278,724,574

 

 

261,048,116

 

Diluted(2)

 

289,806,633

 

 

435,922,511

 

 

450,758,061

 

 

261,048,116

 

(1) Basic and diluted loss per share of Class A common stock presented for 2021 is applicable only for the period from May 1, 2021 through September 30, 2021, which is the period following the initial public offering (“IPO”) and the related Reorganization Transactions

(2) The diluted weighted average number of shares of 450,758,061 for the nine months ended September 30, 2022 includes weighted average Class A common shares outstanding, plus an assumed exchange of Endeavor Manager Units and Endeavor Operating Units into 167,046,923 shares, an assumed exchange of Endeavor Profits Units into 1,884,386 shares of the Company’s Class A common stock and additional shares from Stock Options, RSUs, Phantom Units and redeemable non-controlling interests, as noted in the table below:

Weighted average Class A Common Shares outstanding – Basic

278,724,574

Additional shares assuming exchange of all Endeavor Profits Units

1,884,386

Additional shares from RSUs, stock options and Phantom Units, as calculated using the treasury stock method

1,875,609

Additional shares assuming exchange of all Endeavor Operating Units and Endeavor Manager Units

167,046,923

Additional shares assuming redemption of redeemable non-controlling interests

1,226,569

Weighted average Class A Common Shares outstanding – Diluted

450,758,061

Segment Results

(Unaudited)

(In thousands)

 
 
Three Months Ended September 30, Nine Months Ended September 30,

2022

2021

2022

2021

Revenue:
Owned Sports Properties

$

402,272

 

$

288,521

 

$

1,030,891

 

$

830,867

 

Events, Experiences & Rights

 

440,605

 

 

446,333

 

 

1,894,290

 

 

1,514,615

 

Representation

 

388,335

 

 

664,723

 

 

1,103,611

 

 

1,241,864

 

Eliminations

 

(9,796

)

 

(8,274

)

 

(21,098

)

 

(15,189

)

Total Revenue

$

1,221,416

 

$

1,391,303

 

$

4,007,694

 

$

3,572,157

 

 
Adjusted EBITDA:
Owned Sports Properties

$

195,749

 

$

134,679

 

$

505,760

 

$

412,495

 

Events, Experiences & Rights

 

49,668

 

 

84,993

 

 

290,268

 

 

160,843

 

Representation

 

132,923

 

 

141,801

 

 

345,849

 

 

264,969

 

Corporate

 

(75,258

)

 

(78,156

)

 

(217,991

)

 

(187,476

)

Consolidated Balance Sheets

(Unaudited)

(In thousands, except share data)

 

September 30,

December 31,

2022

2021

 
ASSETS
Current Assets:
Cash and cash equivalents

$

970,782

 

$

1,560,995

 

Restricted cash

 

294,203

 

 

232,041

 

Accounts receivable (net of allowance for doubtful accounts of $65,695 and $57,102, respectively)

 

893,369

 

 

615,010

 

Deferred costs

 

247,864

 

 

255,371

 

Assets held for sale

 

27,301

 

 

885,633

 

Other current assets

 

253,620

 

 

204,697

 

Total current assets

 

2,687,139

 

 

3,753,747

 

 
Property and equipment, net

 

642,891

 

 

629,807

 

Operating lease right-of-use assets

 

324,340

 

 

373,652

 

Intangible assets, net

 

2,199,670

 

 

1,611,684

 

Goodwill

 

5,237,971

 

 

4,506,554

 

Investments

 

407,435

 

 

298,212

 

Other assets

 

416,469

 

 

260,861

 

Total assets

$

11,915,915

 

$

11,434,517

 

 
LIABILITIES, REDEEMABLE INTERESTS AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable

$

540,142

 

$

558,863

 

Accrued liabilities

 

580,001

 

 

524,061

 

Current portion of long-term debt

 

89,039

 

 

82,022

 

Current portion of operating lease liabilities

 

59,355

 

 

59,743

 

Deferred revenue

 

609,715

 

 

651,760

 

Deposits received on behalf of clients

 

279,402

 

 

216,632

 

Liabilities held for sale

 

4,866

 

 

507,303

 

Other current liabilities

 

186,289

 

 

105,053

 

Total current liabilities

 

2,348,809

 

 

2,705,437

 

 
Long-term debt

 

5,338,364

 

 

5,631,714

 

Long-term operating lease liabilities

 

308,828

 

 

363,568

 

Other long-term liabilities

 

496,378

 

 

402,472

 

Total liabilities

 

8,492,379

 

 

9,103,191

 

 
Commitments and contingencies
 
Redeemable non-controlling interests

 

254,699

 

 

209,863

 

 
Shareholders’ Equity:
Class A common stock, $0.00001 par value; 5,000,000,000 shares authorized; 289,330,904 and 265,553,327 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively

 

2

 

 

2

 

Class B common stock, $0.00001 par value; 5,000,000,000 shares authorized; none issued and outstanding as of September 30, 2022 and December 31, 2021

 

 

 

 

Class C common stock, $0.00001 par value; 5,000,000,000 shares authorized; none issued and outstanding as of September 30, 2022 and December 31, 2021

 

 

 

 

Class X common stock, $0.00001 par value; 4,987,036,068 and 5,000,000,000 shares authorized; 183,173,428 and 186,222,061 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively

 

1

 

 

1

 

Class Y common stock, $0.00001 par value; 997,261,325 and 1,000,000,000 shares authorized; 229,875,648 and 238,154,296 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively

 

2

 

 

2

 

Additional paid-in capital

 

2,061,760

 

 

1,624,201

 

Accumulated deficit

 

(10,039

)

 

(296,625

)

Accumulated other comprehensive loss

 

(61,223

)

 

(80,535

)

Total Endeavor Group Holdings, Inc. shareholders’ equity

 

1,990,503

 

 

1,247,046

 

Nonredeemable non-controlling interests

 

1,178,334

 

 

874,417

 

Total shareholders’ equity

 

3,168,837

 

 

2,121,463

 

Total liabilities, redeemable interests and shareholders’ equity

$

11,915,915

 

$

11,434,517

 

Note Regarding Non-GAAP Financial Measures

This press release includes financial measures that are not calculated in accordance with United States generally accepted accounting principles (“GAAP”), including Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income.

Adjusted EBITDA is a non-GAAP financial measure and is defined as net income (loss), excluding income taxes, net interest expense, depreciation and amortization, equity-based compensation, merger, acquisition and earn-out costs, certain legal costs, restructuring, severance and impairment charges, certain non-cash fair value adjustments, certain equity earnings, tax receivable agreements liability adjustment and certain other items, including gains/losses on business divestitures, when applicable. Adjusted EBITDA margin is a non-GAAP financial measure defined as Adjusted EBITDA divided by Revenue.

Management believes that Adjusted EBITDA is useful to investors as it eliminates the significant level of non-cash depreciation and amortization expense that results from our capital investments and intangible assets recognized in business combinations, and improves comparability by eliminating the significant level of interest expense associated with our debt facilities, as well as income taxes, which may not be comparable with other companies based on our tax structure.

Adjusted EBITDA and Adjusted EBITDA margin are used as the primary bases to evaluate our consolidated operating performance.

Adjusted Net Income is a non-GAAP financial measure and is defined as net income (loss) attributable to Endeavor Group Holdings adjusted to exclude our share (excluding those relating to certain non-controlling interests) of the adjustments used to calculate Adjusted EBITDA, other than income taxes, net interest expense and depreciation, on an after-tax basis, the release of tax valuation allowances and other tax items.

Adjusted Net Income adjusts income or loss attributable to the Company for items that are not considered to be reflective of our operating performance. Management believes that such non-GAAP information is useful to investors and analysts as it provides a better understanding of the performance of our operations for the periods presented and, accordingly, facilitates the development of future projections and earnings growth prospects.

Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Net Income have limitations as analytical tools, and you should not consider them in isolation or as a substitute for analysis of our results as reported under GAAP. Some of these limitations are:

  • they do not reflect every cash expenditure, future requirements for capital expenditures, or contractual commitments;
  • Adjusted EBITDA does not reflect the significant interest expense or the cash requirements necessary to service interest or principal payments on our debt;
  • although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced or require improvements in the future, and Adjusted EBITDA, Adjusted EBITDA margin, and Adjusted Net Income do not reflect any cash requirement for such replacements or improvements; and
  • they are not adjusted for all non-cash income or expense items that are reflected in our statements of cash flows.

We compensate for these limitations by using Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Net Income along with other comparative tools, together with GAAP measurements, to assist in the evaluation of operating performance.

Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Net Income should not be considered substitutes for the reported results prepared in accordance with GAAP and should not be considered in isolation or as alternatives to net income (loss), as indicators of our financial performance, as measures of discretionary cash available to us to invest in the growth of our business or as measures of cash that will be available to us to meet our obligations. Although we use Adjusted EBITDA, Adjusted EBITDA margin and Adjusted Net Income as financial measures to assess the performance of our business, such use is limited because it does not include certain material costs necessary to operate our business. Our presentation of Adjusted EBITDA, Adjusted EBITDA Margin and Adjusted Net Income should not be construed as indications that our future results will be unaffected by unusual or nonrecurring items. These non-GAAP financial measures, as determined and presented by us, may not be comparable to related or similarly titled measures reported by other companies.

Set forth below are reconciliations of our most directly comparable financial measures calculated in accordance with GAAP to these non-GAAP financial measures on a consolidated basis.

A reconciliation of the Company’s Adjusted EBITDA guidance to the most directly comparable GAAP financial measure cannot be provided without unreasonable efforts and is not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that are made for equity-based compensation expense, restructuring charges, gains, losses and impairments related to acquisitions and divestitures of businesses, non-cash fair value adjustments of embedded foreign currency derivatives, equity method earnings or losses and fair value adjustments for investments, certain tax items and other adjustments reflected in our reconciliation of historical Adjusted EBITDA, the amounts of which, could be material.

Adjusted EBITDA and Adjusted Net Income

(Unaudited)

(In thousands)

 
Three Months Ended September 30, Nine Months Ended September 30,

2022

2021

2022

2021

Net (loss) income

$

(12,538

)

$

63,613

 

$

547,348

 

$

(450,778

)

Provision for (benefit from) income taxes

 

8,515

 

 

(7,718

)

 

(6,020

)

 

58,285

 

Interest expense, net

 

75,608

 

 

55,783

 

 

197,385

 

 

207,970

 

Depreciation and amortization

 

63,571

 

 

71,661

 

 

195,177

 

 

208,058

 

Equity-based compensation expense (1)

 

48,388

 

 

60,885

 

 

159,851

 

 

464,393

 

Merger, acquisition and earn-out costs (2)

 

30,529

 

 

13,107

 

 

57,891

 

 

38,291

 

Certain legal costs (3)

 

1,604

 

 

(266

)

 

11,204

 

 

4,260

 

Restructuring, severance and impairment (4)

 

869

 

 

2,179

 

 

2,829

 

 

6,612

 

Fair value adjustment – equity investments (5)

 

(291

)

 

90

 

 

(13,635

)

 

(13,614

)

Equity method losses – Learfield IMG College and Endeavor Content (6)

 

83,171

 

 

14,831

 

 

149,086

 

 

76,291

 

Gain on sale of the restricted Endeavor Content business(7)

 

 

 

 

 

(463,641

)

 

 

Tax receivable agreements liability adjustment (8)

 

10,405

 

 

 

 

61,497

 

 

 

Other (9)

 

(6,749

)

 

9,152

 

 

24,914

 

 

51,063

 

Adjusted EBITDA

$

303,082

 

$

283,317

 

$

923,886

 

$

650,831

 

Net (loss) income margin

 

(1.0

%)

 

4.6

%

 

13.7

%

 

(12.6

%)

Adjusted EBITDA margin

 

24.8

%

 

20.4

%

 

23.1

%

 

18.2

%

 
 
Adjusted Net Income
Three Months Ended September 30, Nine Months Ended September 30,

2022

2021

2022

2021

Net (loss) income

$

(12,538

)

$

63,613

 

$

547,348

 

$

(450,778

)

Net (income) loss attributable to non-controlling interests

 

2,499

 

 

(21,128

)

 

(212,035

)

 

141,980

 

Net loss attributable to Endeavor Operating Company, LLC prior to the reorganization transactions

 

 

 

 

 

 

 

31,686

 

Net (loss) income attributable to Endeavor Group Holdings, Inc.

 

(10,039

)

 

42,485

 

 

335,313

 

 

(277,112

)

Amortization

 

39,153

 

 

48,646

 

 

123,449

 

 

141,023

 

Equity-based compensation expense (1)

 

48,388

 

 

60,885

 

 

159,851

 

 

464,393

 

Merger, acquisition and earn-out costs (2)

 

30,529

 

 

13,107

 

 

57,891

 

 

38,291

 

Certain legal costs (3)

 

1,604

 

 

(266

)

 

11,204

 

 

4,260

 

Restructuring, severance and impairment (4)

 

869

 

 

2,179

 

 

2,829

 

 

6,612

 

Fair value adjustment – equity investments (5)

 

(291

)

 

90

 

 

(13,635

)

 

(13,614

)

Equity method losses – Learfield IMG College and Endeavor Content (6)

 

83,171

 

 

14,831

 

 

149,086

 

 

76,291

 

Gain on sale of the restricted Endeavor Content business(7)

 

 

 

 

 

(463,641

)

 

 

Tax receivable agreements liability adjustment (8)

 

10,405

 

 

 

 

61,497

 

 

 

Other (9)

 

(6,749

)

 

9,152

 

 

24,914

 

 

51,063

 

Tax effects of adjustments (10)

 

(8,952

)

 

19,176

 

 

1,323

 

 

90,407

 

Other tax items (11)

 

(12,241

)

 

 

 

(65,924

)

 

17,608

 

Adjustments allocated to non-controlling interests (12)

 

(67,416

)

 

(66,566

)

 

(16,044

)

 

(404,028

)

Adjusted Net Income

$

108,431

 

$

143,719

 

$

368,113

 

$

195,194

 

Contacts

Investors: investor@endeavorco.com
Press: press@endeavorco.com

Read full story here