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EX - 99.1 2 d246440dex991.htm EX - 99.1 ENDEAVOR Exhibit 99.1 Endeavor Releases Third Quarter 2021 Results Beverly Hills , CA ( November 15 , 2021 ) – Endeavor Group Holdings , Inc. ( NYSE : EDR ) ( “ Endeavor ” or the “ Company ” ) , a global sports and entertainment company , today released its financial results for the quarterly period ended September 30 , 2021 . Highlights • Delivered best nine - month , year - to - date period in UFC history Representation revenue up significantly in Q3 as productions and touring events resume and brands increase spending Announced intent to acquire sports betting content and technology provider OpenBet to integrate with the Company's IMG ARENA business ; transaction expected to close H1 2022 Increased 2021 revenue guidance from prior $ 4.8 to $ 4.85 billion range to between $ 4.89 and $ 4.95 billion • Increased 2021 adjusted EBITDA guidance from prior $ 765 to $ 775 million range to between $ 835 and $ 845 million Q3 2021 Consolidated Financial Results Revenue : $ 1.4 billion • Net income : $ 63.6 million Adjusted EBITDA : $ 283.3 million " We continue to capitalize on the elevated demand for premium content and live events coming out of the pandemic , " remarked Ariel Emanuel , CEO , Endeavor . " Given our unique positioning within the sports and entertainment industry and our ability to leverage powerful secular content trends , we see no signs of this momentum waning through the end of the year . " Q3 2021 Segment Operating Results Owned Sports Properties segment revenue was $ 288.5 million , down $ 10.6 million compared to Q3 2020 , attributable to a $ 25 million contract termination fee recognized in Q3 2020 that did not recur in 2021 , as well as more events being held in Q3 2020 ( caused by the shifting of events from Q2 due to COVID - 19 ) . This was partially offset by UFC's continued strong growth across live events , residential and commercial Pay - Per - View , consumer products , licensing , and sponsorship , as well as additional PBR events held in the quarter . The segment's adjusted EBITDA was $ 134.7 million . Events , Experiences & Rights segment revenue increased $ 62.1 million , to $ 446.3 million , compared to Q3 2020. The increase was primarily driven by an increase in event and sports media production revenue related to the return of live events with audiences , as well as the addition of the recently acquired NCSA within our IMG Academy business . This was partially offset by a decrease in media rights revenues , primarily due to the return to a normal schedule of European soccer matches in 2021 , which was inflated in the prior year due to matches being pushed to Q3 as a result of COVID - 19 - in addition to the expiration of two European soccer contracts in Q2 2021. The segment's adjusted EBITDA improved $ 94.6 million , to $ 85 million , compared to Q3 2020. This was primarily driven by the growth in revenue and a decrease in direct operating costs . 1