Endeavor’s third-quarter growth was primarily driven by its sports segment, with a 53% increase in revenue from its ownership stake in TKO Group Holdings. The Paris Olympics also contributed to the company’s events and experiences division.

For the quarter, Endeavor reported revenue of $2.03 billion, a net loss of $420.4 million, and adjusted EBITDA of $277.6 million.

The owned sports segment generated $735.2 million in revenue, driven by strong performance from TKO and PBR, which will soon be part of TKO.

The events, experiences, and rights segment saw an impressive 145% year-over-year revenue increase to $899.8 million, largely due to On Location’s hospitality business at the Paris Olympics.

The representation segment posted $429.2 million in revenue, up 11% due to growth in WME’s talent and music businesses, although unscripted content production saw a decline.

Endeavor is in the process of several major deals, including the sale of PBR, On Location, and IMG to TKO. The company is also seeking buyers for the Miami Open, Madrid Open, Frieze, OpenBet, and IMG Arena.

In early 2024, Endeavor plans to finalize a go-private transaction with Silver Lake, removing the firm from public markets.

“During the quarter, our owned sports and representation segments delivered solid results, driven by continued consumer demand for live events and content,” said Endeavor CEO Ari Emanuel. “As we work toward completing our take-private transaction with Silver Lake, we remain focused on delivering for our clients, partners, and shareholders, maintaining momentum, and completing the sale of PBR, On Location, and IMG to TKO.”