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

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Endeavor president Mark Shapiro on striking deals with studios over film-to-streaming plans: 'We are flexible with the studios, we are having these conversations up front, and they are paying for that flexibility'

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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