Beverly Hills-based Endeavor, which went public in April, on Aug. 16 announced revenue of $1.1 billion and a net loss of $319.6 million for the second quarter.
Endeavor also increased its 2021 revenue target to $4.8 billion to $4.85 billion after forecasting $4.76 billion to $4.83 billion in June.
“Despite continued challenges brought on by the pandemic, our company once again demonstrated resilience,” Endeavor Chief Executive Ari Emanuel told analysts.
UFC delivered particularly strong results for Endeavor. The mixed martial arts promotion business saw revenue of $258.9 million in the second quarter, a 70% jump from the same period a year earlier. Emanuel credited pay-per-view events carried on ESPN Plus.
Endeavor’s talent representation unit, comprised of WME, IMG and Endeavor Content, also experienced a 70% gain in revenue, reaching $328.2 million in the quarter.
