“This quarter, we continued to deliver solid results and set a number of financial and attendance records across our owned sports properties and marquee events,” Emanuel said in the earnings release. “Our agreement to sell IMG Academy, together with the planned share repurchase and quarterly dividend announced today, are strong examples of our commitment to maximizing return for our shareholders.
segment revenue of $801 million nosed up 2.5%. EDR noted record attendance and sponsorship at the Miami Open and growth at IMG Academy, as well as the addition this quarter of Barrett-Jackson, acquired in August of 2022. It discontinued On Location’s music festival business in Mexico in 2023, which accounted for $75 million in the prior-year quarter. Operating income fell 14% to $18 million.
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