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Endeavor To Pay Its First Cash Dividend, Plans Stock Buyback Ahead Of UFC-WWE Merger

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Endeavor will start making quarterly cash dividend payments of up to $25 million starting in the third quarter, is planning to repurchase up to $300 million worth of shares, and will pay down $50 m…

“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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