Know the ownership structure, net worth and stock price of Endeavor, the parent company of UFC
Endeavor announced full-year sales of $5.27 billion with $1.33 billion from its own sports properties.
What is the Endeavor group parent company of UFC, net worth in 2023, ownership, stock price
The UFC and WME parent company’s workhorse has been Endeavor’s owned sports properties sector. With its owned assets sector bringing in $1.33 billion, up 20% from $1.11 billion in 2021, the multinational sports and entertainment company reported $5.27 billion in full-year revenue, an increase from the $5.08 billion it reported the year before.
World Wrestling Entertainment will be sold – to the company that owns the Ultimate Fighting Championship as the Endeavor Group, helmed by Hollywood power broker Ari Emanuel, has taken a majority controlling interest in the WWE.
The two companies will now combine to form a publicly traded enterprise valued at $21.4 billion.
Endeavor Group Holdings Inc will take a 51 per cent stake in the unnamed company, while WWE shareholders will maintain a 40 per cent stake as the company pegs the value of the UFC at $12.1 billion and WWE’s value at $9.3 billion.
Nick Khan and Dana White will remain presidents of UFC and WWE.
The new company plans to trade on the New York Stock Exchange under the “TKO” ticker symbol and its board will have 11 members, with six being appointed by Endeavor and five being appointed by WWE.
Endeavor in 2016 purchased the UFC in a $4.2 billion deal and picked up the rest of the company when it went public in 2021.
Emanuel has transformed Endeavor, which has its roots in representing film and television talent, into a sports and entertainment powerhouse with more than 20 acquisitions and he has invested in bull riding events, fashion shows and the Miami Open and Madrid Open tennis competitions.
Today, @Endeavor announced it has signed an agreement to form a $21+ billion global live sports and entertainment company made up of @UFC and @WWE. https://t.co/lPrkBmKJXm pic.twitter.com/ZBk95c5exU
— Endeavor (@Endeavor) April 3, 2023
“Increased media rights payments at UFC, as well as increasing sponsorship, licencing, commercial PPV, and event-related revenue from more UFC events with live crowds,” are some of the reasons given for the expansion. Throughout the year, UFC had record sponsorship sales volume and 21 straight sold-out events.
Events like the Miami Open, Super Bowl LVI, and NCAA March Madness were major contributors to Endeavor’s events, experiences, and rights segment’s $2.5 billion in annual revenue.
Financial numbers
The total revenue for its representation division for the entire year decreased by about 23% to $1.5 billion, while net income came to $321.7 million.
The sale of Endeavor’s content business in January 2022 is what caused the company to report a fourth-quarter net loss of $225.7 million and a 16% fall in revenue to $1.26 billion. Revenue would have reportedly climbed by 7% for the period if Endeavor content had not been included.
Endeavor reported a $301.4 million rise in revenue for its owned sports properties sector over the three months ending December 31. Endeavor estimates that revenue will range from $5.83 billion to $5.98 billion in 2023.
Endeavor Group Holdings Inc. ; Open. $23.25. Previous Close23.15 ; YTD Change. 6.17%. 12 Month Change. -18.88% ; Day Range · 52 Wk Range17.42 – 29.98.
WWE to be sold near.
According to the New York Post, the sale of World Wrestling Entertainment to Ari Emanuel’s Endeavor Group, the organisation that owns UFC, is almost complete.
According to people familiar with the situation who spoke to Reuters, Endeavor is prepared to buy WWE in an all-stock deal. The sources have requested to remain anonymous since the information is private. This week could see the announcement of the agreement. WWE shareholders would receive 49% of the combat and entertainment firm, while Endeavor shareholders would hold 51%.
The market valuation of WWE, which has increased more than 30% this year, was $6.8 billion as of Friday’s closure of the shares, which were trading at $91.26. According to Reuters, the market value of Endeavor is $11.3 billion.