Endeavor posts Q1 loss despite WME growth
Overall, the Los Angeles-based sports and entertainment giant suffered a $303.5 million net loss in the first quarter of 2024
News By Lisa Henderson | 9 May 2024
WME parent company Endeavor suffered a $303.5 million (€281.6m) net loss in the first quarter of 2024, despite “brisk demand for our sports and entertainment content, live events, and premium experiences”.
The Los Angeles-based sports and entertainment giant today (9 May) announced financial results for Q1, as it awaits the completion of Silver Lake’s $13bn acquisition.
While the firm reported a consolidated revenue of $1.850bn, three of its four segments saw a decline in revenue.
Representation revenue was $345.3m for the quarter,…