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Endeavor (EDR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

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Endeavor Group (EDR - Free Report) reported $1.75 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 21.9%. EPS of $0.54 for the same period compares to -$0.19 a year ago.

The reported revenue represents a surprise of -6.40% over the Zacks Consensus Estimate of $1.87 billion. With the consensus EPS estimate being $0.59, the EPS surprise was -8.47%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Endeavor performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue -Owned Sports Properties

    : $894.06 million compared to the $757.50 million average estimate based on three analysts. The reported number represents a change of +162.9% year over year.
  • Revenue -Eliminations

    : $26.42 million versus -$10.42 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -496.2% change.
  • Revenue -Representation

    : $411.41 million versus the three-analyst average estimate of $409.90 million. The reported number represents a year-over-year change of +7.9%.
  • Revenue -Events, Experiences & Rights

    : $472.22 million versus $588.61 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -20.1% change.
  • Adjusted EBITDA - Corporate

    : -$80.73 million versus the two-analyst average estimate of -$89.39 million.
  • Adjusted EBITDA - Representation

    : $107.39 million versus $103.70 million estimated by two analysts on average.
  • Adjusted EBITDA - Events, Experiences & Rights

    : -$68.75 million versus $96.58 million estimated by two analysts on average.
  • Adjusted EBITDA - Owned Sports Properties

    : $422.83 million versus $350.01 million estimated by two analysts on average.
View all Key Company Metrics for Endeavor here>>>

Shares of Endeavor have returned -1% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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