Endeavor Swings to Slim Profit Thanks to UFC In First Earnings Report Since IPO

posted net income of $2.4 million, a significant improvement from the same quarter a year ago, when the company posted a net loss of more than $51 million. The pandemic continues to batter many of its businesses, although a strong performance from theOverall revenue in the quarter was $1.07 billion, down from $1.19 billion a year earlier.

“While our first quarter results were still negatively impacted by COVID-19, we are well positioned to benefit from the pent-up demand for content, while maintaining our long-term focus on secular trends and high-growth areas that have been both validated and amplified by the pandemic,” said Endeavor CEO

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Endeavor Swings To Slim Net Profit In First Quarter As Public Company Despite 10% Revenue Slide Amid PandemicEndeavor’s total revenue slid 10% in the first quarter to $1.07 billion, but the company swung from a year-ago loss to $2.4 million in net income in the quarter. The report was the company&8…
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