Endeavor has big financial plans for the rest of the year as the company announced Tuesday it will declare its first dividend and begin its first stock buyback program as it awaits its acquisition …
Endeavor delivered solid first quarter results on Tuesday, powered by growth in its owned sports properties unit which is about to grow substantially asEndeavor’s events and experiences unit also was in positive territory for the quarter. But the hangover of the January 2022 sale of the Endeavor Content production unit put a dent in the representation unit’s quarterly numbers.
The dividend of up to $25 million will be declared in the third quarter. It will benefit Endeavor’s Class A shareholders, a group dominated by insiders including Endeavor CEO Ariel Emanuel, chairman Patrick Whitesell and other board members. For the quarter, Owned Sports Properties delivered revenue of $353.3 million, up 19% from the year-ago period. Adjusted EBITDA of $185.7 million was up 25% year-over- year.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
See the first five Lego sets designed in a competition anyone can enterPreorders begin February 2024.
Les mer »
'Minx' Sets July Premiere for Season 2 on Starz: See the First LookMinx will officially return with season two on July 21 at its new home on Starz.
Les mer »
First Look: Hollywood Park Unveils Its First Residence, The Wesley, With Views of SoFi StadiumThe massive 300-acre live/work/entertainment complex, also home to the YouTube Theater and West Coast offices of the NFL, has started renting the first of its planned 2,500 apartments and homes.
Les mer »
PacWest leads regional bank rally. Berkshire Hathaway, Dish, AMC and other stocks on the move.PacWest leads regional bank rally, Berkshire Hathaway, Dish, AMC and other stocks on the move
Les mer »
Pacwest Bancorp Declares $0.01 Quarterly Dividend; 0.7% Yield By Investing.com*PACWEST BANCORP SLASHES QUARTERLY DIVIDEND BY 95% TO $0.01, CITING BANK TURMOIL $PACW
Les mer »
PacWest shares jump 12% in premarket after lender says it’s cutting dividendPacWest Bancorp shares rose 12% in premarket trade after the embattled lender late Friday said it was reducing its dividend. “Given current economic...
Les mer »