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EX - 99.1 2 d374077dex991.htm EX - 99.1 Exhibit 99.1 ENDEAVOR Endeavor Releases Second Quarter 2021 Results Beverly Hills , CA ( August 16 , 2021 ) - Endeavor Group Holdings , Inc. ( NYSE : EDR ) , a global entertainment , sports and content company , today released its financial results for the quarterly period ended June 30 , 2021 . Q2 2021 Highlights : • Revenue increased to $ 1.1 billion , up approximately $ 650 million compared with Q2 of 2020 Q2 marked by a return of live events and audiences , as well as an increase in both productions and content deliveries UFC's Q2 performance - including three sold - out , arena record Pay - Per - View events - led to biggest first half in UFC history $ 600 million repayment of outstanding debt in advance of Q3 target " Despite continued challenges brought on by the pandemic , our company once again demonstrated resilience , due in large part to our global portfolio of premium assets and the creativity of our employees and partners , ” remarked Ariel Emanuel , CEO , Endeavor . “ As you look at the secular trends defining our industries - marked by the growing demand for content , the increased value of the talent and brands behind that content , and the desire of people to come together around live events and experiences - Endeavor remains firmly and uniquely positioned for a strong second half of 2021. " Q2 2021 Segment Operating Results At the segment level , Owned Sports Properties revenue increased $ 106.6 million , or 70.0 % , to $ 258.9 million , compared to the second quarter of 2020. The increase was primarily driven by media rights fees and an increased number of UFC and PBR events , which included higher ticket sales due to the lifting of attendance restrictions in the quarter . The segment's Adjusted EBITDA was $ 132.3 million , up $ 66.8 million , or roughly double that of the second quarter of 2020 , primarily driven by the strong revenue growth . Events , Experiences & Rights segment revenue increased $ 408.8 million , to $ 528.7 million , compared to the second quarter of 2020. The increase was primarily driven by higher media rights fees due to the return of a full schedule of European soccer matches in 2021. The segment's Adjusted EBITDA improved $ 79.5 million , to $ 36.8 million , compared to the second quarter of 2020 , primarily driven by the growth in revenue , and partially offset by the increase in operating expenses to support the gradual return of live events . Representation segment revenue increased $ 135.4 million , or 70.2 % , to $ 328.2 million , compared to the second quarter of 2020 , primarily attributed to the increase in project deliveries at Endeavor Content and a gradual growth in client commissions . The segment's Adjusted EBITDA for the quarter increased $ 9.6 million , or 18.5 % , to $ 61.7 million , compared to the second quarter of 2020 . 2021 Annual Guidance • Revenue is expected to be between $ 4.8 and $ 4.85 billion Adjusted EBITDA is expected to be between $ 765 and $ 775 million 1