Among Endeavor’s business lines, the events, experiences and rights segment led the way with $557.7 million of revenue in the quarter, up 8 percent from the same quarter last year. The growth was due to continued consumer demand in live events, as well as the addition of the Madrid Open and OpenBet .
The representation unit, which includes WME, had $408.5 million in revenue for the quarter, down 43 percent from the same quarter a year ago. However, the comparison is not apples to apples, as last year’s figure includes revenue from Endeavor Content, which the company has since sold. The company says that its adjusted EBITDA was up 5 percent year over year, with continued interest in content by TV networks and streaming services, as well as live events, driving growth.
And at owned sports, revenue was $301.4 million, up 9 percent from a year ago, led by higher rights fees at the UFC, as well as better sponsorship, licensing and pay-per-view revenue.