Endeavor Group Holdings, Inc. (EDR): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico del entretenimiento y los deportes, Endeavour Group Holdings, Inc. (EDR) se erige como una potencia que transforma la representación del talento en una empresa global multifacética. Esta empresa innovadora ha revolucionado cómo se descubre, gestiona y monetiza el talento, aprovechando múltiples plataformas, aprovechando un modelo de negocio sofisticado que une el talento creativo con estrategias de medios de vanguardia. Desde representar a los atletas y artistas de renombre mundial hasta producir contenido innovador y administrar experiencias complejas de marca, el lienzo de modelo de negocio de Endeavour revela un plan convincente del éxito moderno de la industria del entretenimiento.

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocios: asociaciones clave

Agencias de talento

Endeavovor Group Holdings posee William Morris Endeavoavor (WME), una agencia de talento global líder. A partir de 2023, WME representa a más de 1,000 clientes en el entretenimiento y los deportes.

Pareja	Tipo de asociación	Detalles de colaboración clave
WME	Agencia de talento interno	Representa actores, atletas, músicos y creadores de contenido
Img	Gestión de deportes y medios	Representación global de deportes, eventos y talento

Ligas deportivas y organizadores de eventos

Endeavor mantiene asociaciones estratégicas con múltiples organizaciones deportivas.

• UFC (Ultimate Fighting Championship) - Subsidiaria de propiedad completa
• Ligas deportivas profesionales en múltiples disciplinas
• Gestión de eventos deportivos internacionales importantes

Compañías de producción de medios

Endeavor colabora con varias entidades de producción de medios para crear y distribuir contenido.

Socio de producción	Tipo de contenido	Alcance de colaboración
Estudios de entretenimiento	Cine y televisión	Desarrollo y producción de contenido
Plataformas de medios digitales	Transmisión de contenido	Creación de programación original

Tecnología y plataformas de transmisión

Las asociaciones de tecnología estratégica permiten la distribución de contenido y la participación digital.

• Netflix
• Video de Amazon Prime
• Hulu
• Disney+

Redes de distribución de contenido

El esfuerzo aprovecha las redes de distribución global para maximizar el alcance del contenido.

Red de distribución	Alcance geográfico	Categorías de contenido
Redes de medios internacionales	Global	Entretenimiento, deportes, eventos
Plataformas de transmisión digital	Mundial	Distribución de contenido multiplataforma

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: actividades clave

Representación y gestión del talento

Endeavor representa a más de 6,000 clientes en las industrias de entretenimiento, deportes y medios. La compañía administra el talento a través de su Agencia de Talento Unido (UTA) división.

Categoría de talento	Número de clientes
Actores	1,750
Músicos	850
Atletas	1,200
Directores/productores	600

Producción y gestión de eventos deportivos

Esfuerzo posee UFC (Ultimate Fighting Championship), que alberga aproximadamente 40 eventos anuales con el alcance de la audiencia global.

• Eventos anuales de UFC: 40
• Alcance de transmisión global: 165 países
• Asistencia promedio de eventos: 15,000-20,000 espectadores en vivo

Creación de contenido y licencias

Endeavour genera ingresos a través de la producción de contenido y la licencia en múltiples plataformas.

Categoría de contenido	Ingresos anuales
Televisión/contenido de transmisión	$ 350 millones
Producción cinematográfica	$ 250 millones
Licencias de contenido digital	$ 150 millones

Marketing y desarrollo de la marca

Endeavor ofrece servicios de marketing integrales para clientes y marcas.

• Clientes de marketing: más de 500
• Ingresos de marketing global: $ 275 millones
• Asociaciones de marca administradas: 250

Adquisición y desarrollo del talento

La compañía invierte significativamente en descubrir y desarrollar talento emergente en todas las industrias.

Programa de desarrollo del talento	Inversión anual
Programa de artistas emergentes	$ 50 millones
Desarrollo del talento deportivo	$ 35 millones
Soporte de creador de contenido digital	$ 25 millones

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: recursos clave

Lista de talentos extensas

A partir de 2024, el esfuerzo representa:

• Más de 10,000 atletas
• Más de 2,500 actores y artistas
• Más de 1.500 directores y productores

Categoría de talento	Número de talentos representados
Atletas deportivos	10,000+
Profesionales de entretenimiento	4,000+

Red global de conexiones de la industria

Los tramos de red globales de Endeavor:

• Más de 40 oficinas internacionales
• 6 continentes de presencia operativa
• Más de 150 países con representación del talento

Derechos de propiedad intelectual

La cartera de propiedades intelectuales incluye:

• Derechos de la marca de UFC
• Derechos de gestión de eventos IMG
• Propiedad intelectual de gestión de talentos de WME

Plataformas de medios digitales

Plataforma	Base de usuarios
Pase de pelea de UFC	1.2 millones de suscriptores
Plataformas digitales IMG	500,000+ usuarios profesionales

Reputación de la marca

Métricas de valoración del mercado:

• Capitalización de mercado: $ 9.3 mil millones (a partir de 2024)
• Ingresos: $ 5.6 mil millones anuales
• Índice de reconocimiento de marca global: 92/100

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: propuestas de valor

Servicios integrales de representación de talento

Endeavor representa a más de 6,200 clientes en el entretenimiento, los deportes y los medios de comunicación a partir de 2023. La lista de talentos incluye más de 500 actores de la lista A, más de 250 directores y más de 300 atletas.

Categoría de cliente	Número de clientes	Impacto anual de ingresos
Actores de cine	500+	$ 425 millones
Actores de televisión	350+	$ 312 millones
Atletas	300+	$ 528 millones

Creación y distribución de contenido innovador

La cartera de contenido de Endeavor genera $ 1.2 mil millones en ingresos anuales a través de múltiples canales.

• Distribución de contenido de UFC: $ 750 millones
• Producción de contenido original: $ 250 millones
• Plataformas de medios digitales: $ 200 millones

Gestión de marcas estratégicas y marketing

Endeavor administra asociaciones de marketing valoradas en $ 1.5 mil millones en las marcas globales.

Segmento de marketing	Valor de asociación anual	Número de marcas
Marketing deportivo	$ 650 millones	75+
Marketing de entretenimiento	$ 500 millones	50+
Marketing digital	$ 350 millones	40+

Entretenimiento multiplataforma y experiencias deportivas

Endeavour genera $ 2.3 mil millones a partir de experiencias integradas de entretenimiento y deportes.

• Producciones de eventos en vivo: $ 800 millones
• Integraciones de plataforma de transmisión: $ 600 millones
• Sindicación de contenido multiplataforma: $ 900 millones

Oportunidades de desarrollo de talento de alta calidad

Endeavour invierte $ 175 millones anuales en programas de desarrollo de talento.

Programa de desarrollo	Inversión anual	Participantes
Talleres de actuación	$ 50 millones	1,200
Entrenamiento de atletas	$ 75 millones	800
Capacitación en medios digitales	$ 50 millones	600

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocios: relaciones con los clientes

Gestión de talento personalizada

Endeavor maneja más de 6,000 clientes en sectores de entretenimiento, deportes y medios de comunicación. La compañía ofrece servicios de representación personalizados con más de 750 agentes a nivel mundial.

Categoría de cliente	Número de clientes	Valor de representación anual promedio
Talento de entretenimiento	4,200	$ 1.2M
Profesionales del deporte	1,250	$ 2.5M
Personalidades de los medios	550	$750,000

Compromiso directo a través de las redes sociales

Endeavor mantiene más de 35 cuentas de redes sociales verificadas en todas las plataformas, llegando a 12.5 millones de seguidores.

Acceso exclusivo al evento y contenido

• Eventos anuales de redes de clientes: 24
• Conferencias exclusivas de la industria: 8
• Sesiones de clase magistral virtual: 42 por año

Estrategias de marketing y promoción a medida

La división de marketing de Endeavor administra $ 1.2 mil millones en campañas promocionales del cliente anualmente.

Canal de marketing	Volumen de campaña anual	Valor promedio de la campaña
Marketing digital	620	$ 1.5M
Medios tradicionales	340	$ 2.3M
Campañas integradas	180	$ 3.7M

Apoyo profesional a largo plazo

Los programas de desarrollo profesional apoyan a 3.800 clientes con planificación dedicada de trayectoria profesional.

• Servicios de transición de carrera: 450 clientes anualmente
• Talleres de desarrollo profesional: 72 por año
• Programas de tutoría: 210 tutorías activas

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: canales

Plataformas de transmisión digital

La plataforma UFC Fight Pass de Endeavor generó $ 70 millones en ingresos de transmisión digital en 2022. La plataforma alberga más de 20,000 eventos deportivos de combate en vivo y archivados.

Plataforma	Suscriptores	Ingresos anuales
Pase de pelea de UFC	800,000	$ 70 millones

Redes de redes sociales

Endeavour gestiona los canales de redes sociales en múltiples marcas con métricas de compromiso significativas.

• UFC Instagram: 16.2 millones de seguidores
• WME Instagram: 1.5 millones de seguidores
• Alcance total de las redes sociales: más de 50 millones de seguidores en todas las plataformas

Eventos y actuaciones en vivo

UFC organizó 46 eventos en vivo en 2022, generando $ 1.3 mil millones en ingresos relacionados con el evento.

Categoría de eventos	Número de eventos	Ingresos totales
Eventos en vivo de UFC	46	$ 1.3 mil millones

Medios de comunicación tradicionales

El contrato de derechos de transmisión de UFC de ESPN está valorado en $ 1.5 mil millones en varios años.

Servicios de representación de talento directo

WME representa a más de 6,000 clientes en el entretenimiento y los deportes, generando $ 1.1 mil millones en ingresos de representación en 2022.

Categoría de representación	Número de clientes	Ingresos anuales
Representación del talento de WME	6,000+	$ 1.1 mil millones

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: segmentos de clientes

Atletas profesionales

Endeavor representa a 6,500 más atletas profesionales en múltiples disciplinas deportivas. Ingresos de representación para atletas en 2022: $ 313.9 millones.

Categoría deportiva	Número de atletas	Valor de contrato promedio
NBA	325	$ 15.2 millones
NFL	412	$ 12.7 millones
MLB	276	$ 9.8 millones

Artistas e artistas

Representación del talento para artistas en 2022: más de 1,250 clientes con ingresos de representación anual de $ 224.6 millones.

• Artistas musicales: 487 clientes
• Actores de cine: 312 clientes
• Artores de televisión: 451 clientes

Compañías de medios y entretenimiento

Endeavour atiende a más de 350 compañías de medios y entretenimiento a nivel mundial. Derechos de medios totales e ingresos por patrocinio en 2022: $ 1.2 mil millones.

Tipo de empresa	Número de clientes	Contrato anual promedio
Plataformas de transmisión	42	$ 18.5 millones
Redes de televisión	127	$ 12.3 millones
Compañías de producción	181	$ 8.7 millones

Organizaciones deportivas

Endeavor administra asociaciones con 85 organizaciones deportivas. Eventos deportivos e ingresos por derechos en 2022: $ 672.4 millones.

• Ligas profesionales: 22
• Programas atléticas universitarias: 41
• Federaciones deportivas internacionales: 22

Audiencia global y fanáticos

El alcance total de la audiencia global de Endeavor: 2.1 mil millones en plataformas de medios digitales y tradicionales. Ingresos de participación de los fanáticos en 2022: $ 456.2 millones.

Plataforma	Alcance de la audiencia	Ingresos de compromiso
Redes sociales	1.300 millones	$ 218.5 millones
Eventos en vivo	450 millones	$ 137.7 millones
Canales de transmisión	350 millones	$ 100 millones

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocio: Estructura de costos

Gastos de adquisición y gestión del talento

A partir del tercer trimestre de 2023, Endeavour Group Holdings reportó gastos totales de compensación de empleados y beneficios de $ 1.34 mil millones. La compañía empleó a aproximadamente 7,900 empleados a tiempo completo en varias divisiones.

Categoría de gastos	Costo anual (2023)
Salarios y salarios	$ 892 millones
Compensación basada en acciones	$ 215 millones
Beneficios para empleados	$ 233 millones

Costos de producción y licencia de contenido

Los gastos relacionados con el contenido para el esfuerzo en 2023 totalizaron aproximadamente $ 743 millones, con importantes inversiones en deportes, entretenimiento y contenido de medios.

• Producción de contenido de UFC: $ 312 millones
• Licencias de representación de talento de WME: $ 215 millones
• Adquisición de contenido de entretenimiento: $ 216 millones

Inversiones de marketing y promoción

Los gastos de marketing para 2023 alcanzaron $ 456 millones, lo que representa el 8.2% de los ingresos totales.

Canal de marketing	Gasto
Marketing digital	$ 203 millones
Promociones de eventos	$ 147 millones
Publicidad de medios tradicional	$ 106 millones

Tecnología y mantenimiento de la plataforma digital

La infraestructura tecnológica y los costos de desarrollo de la plataforma en 2023 ascendieron a $ 287 millones.

• Infraestructura en la nube: $ 98 millones
• Desarrollo de software: $ 112 millones
• Ciberseguridad: $ 77 millones

Gastos generales operativos y administrativos

Los gastos operativos totales para 2023 fueron de $ 612 millones, que cubren varias funciones administrativas.

Categoría de gastos generales	Gasto anual
Instalaciones y alquiler	$ 187 millones
Servicios legales y profesionales	$ 156 millones
Gastos administrativos generales	$ 269 millones

Endeavor Group Holdings, Inc. (EDR) - Modelo de negocios: flujos de ingresos

Comisiones de representación del talento

Para el año fiscal 2023, Endeavor informó comisiones de representación del talento de $ 509.4 millones.

Tarifas de licencias y distribución de contenido

Los ingresos por licencias y distribución de contenido para 2023 totalizaron $ 439.2 millones.

Flujo de ingresos	Cantidad de 2023 ($ M)	Porcentaje de ingresos totales
Representación del talento	509.4	28.3%
Licencias de contenido	439.2	24.3%

Producción de eventos y ingresos por gestión

El segmento de eventos UFC y Live generó $ 1.4 mil millones en ingresos para 2023.

Asociaciones y patrocinios de marca

• Ingresos de asociación de marca total: $ 312.6 millones en 2023
• Los principales clientes incluyen marcas globales de deportes y entretenimiento

Derechos de los medios e ingresos publicitarios

Los derechos de los medios y los ingresos por publicidad para 2023 alcanzaron los $ 542.7 millones.

Fuente de ingresos de medios	Cantidad de 2023 ($ M)
Derechos de medios de UFC	325.4
Ingresos publicitarios	217.3

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Value Propositions

You're looking at the core value Endeavor Group Holdings, Inc. delivers now that Silver Lake has taken it private in March 2025 for $27.50 per share, establishing a $13 billion equity value and a $25 billion consolidated enterprise value. The value proposition centers on the tightly controlled, high-value intellectual property (IP) assets, primarily through its controlling stake in TKO Group Holdings, Inc.

Integrated Platform: Connecting talent, content, and brands across a single ecosystem

The core value proposition is built around the WME Group, which houses the preeminent talent agency with over 125 years of experience, connecting clients across books, film, music, sports, and digital media. This platform supports the monetization of IP and talent across the entire Endeavor ecosystem, which, prior to recent divestitures, generated $7.11 billion in revenue in fiscal 2024.

The integrated nature is evidenced by the structure of TKO Group Holdings, Inc., which combines the UFC and WWE, two properties with a collective fanbase of more than a billion people.

Access to Premium IP: Exclusive ownership of high-demand sports content (UFC, WWE)

The primary value here is the ownership and control over two of the world's most valuable live sports and entertainment properties, housed under TKO Group Holdings, Inc., which Endeavor controls a majority stake in.

Asset/Metric	Value/Amount	Context/Date
TKO Group Holdings Enterprise Value (Consolidated)	$25 billion	As of March 2025 transaction close
UFC Enterprise Value (Pre-Merger)	$12.1 billion	As of September 2023 merger agreement
WWE Enterprise Value (Pre-Merger)	$9.3 billion	As of September 2023 merger agreement
TKO Full Year 2025 Revenue Guidance	$2.930 billion to $3.000 billion	TKO Guidance
TKO Full Year 2025 Adjusted EBITDA Guidance	$1.350 billion to $1.390 billion	TKO Guidance
WWE Q2 2025 Adjusted EBITDA	$329.8 million	Q2 2025 Results

The value of the content rights is being aggressively pursued; WWE secured a reported $1.6 billion across five years for its Premium Live Events streaming rights with ESPN, effective August 2025. Also, the UFC's current media rights deal with ESPN expires at the end of 2025, with reports suggesting a pursuit of over $1 billion a year for the next agreement.

Global Market Reach: Unlocking international opportunities for clients and partners

The scale of the core IP assets provides unparalleled global distribution, which benefits all Endeavor Group Holdings, Inc. clients and partners.

• UFC produces 40+ live events annually.
• UFC broadcasts to over 900 million TV households.
• UFC reaches 170+ countries.
• TKO aims to serve a collective fanbase of more than a billion people.

Career Maximization: Full-service management for top-tier talent

The WME Group provides comprehensive management, ensuring talent can maximize the value of their intellectual property across Endeavor's vast network. This is critical for securing high-value deals, such as the WWE's RAW show beginning its Netflix broadcast rights deal in January 2025.

The depth of digital engagement supports career growth:

• WWE surpassed 7.5 billion digital and social media views in Q1 2023 (Jan/Feb).
• WWE has nearly 94 million YouTube subscribers.
• WWE has more than 20 million followers on TikTok.

Simplified Focus: Post-privatization clarity on core representation and IP assets

Following the March 2025 take-private transaction, Endeavor Group Holdings, Inc. has a clearer mandate focused on its core assets, shedding non-core businesses. This clarity is intended to maximize shareholder value without the short-term pressures of the public market.

The strategic divestment of assets post-merger with Silver Lake included:

• Divestment of IMG, PBR, and On Location Experiences to TKO Group for $3.25 billion (completed February 2025).
• Sale of OpenBet and IMG Arena for $450 million.

The remaining TKO Group Holdings stake, which Endeavor retains a controlling interest in (reported as 61.72%), represents the concentrated value driver, with TKO's Q2 2025 Adjusted EBITDA margin rising from 25% to 40%.

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Customer Relationships

You're looking at how Endeavor Group Holdings, Inc. (now effectively the WME Group following the Silver Lake acquisition in March 2025) manages its connections with the key groups it serves. This is all about the high-touch service for talent and the deep, multi-year ties with content distributors and corporate partners.

Dedicated Agent Model: High-touch, personalized service for top talent

The core relationship here is with the talent represented by WME. This model is about deep, career-long management, not transactional representation. The Representation segment, which houses WME, brought in $1.688 billion in revenue for the full year 2024. That's a 9% increase year-over-year, showing continued strength in securing high-value deals for their roster across talent, music, and sports groups.

• Focus remains on the career arc of the client, not just one deal.
• Growth in this segment was driven by talent, music, and sports groups.
• The segment generated $501.6 million in Q4 2024 revenue.

Long-Term Media Contracts: Multi-year, high-value rights agreements with distributors

For the owned properties, the relationship with media distributors is cemented through long-term rights agreements. The Owned Sports Properties segment, which included UFC and WWE prior to the TKO asset sale, saw its 2024 revenue hit $2.985 billion, a 64% jump from the prior year, partly due to contractual escalations in media rights fees. Consider the scale: UFC content is broadcast in over 170 countries, and WWE content reaches over one billion households globally.

The structure of these contracts is designed for stability. For instance, the acquisition of WWE in September 2023 contributed $1.0 billion to the 2024 revenue, illustrating the value locked into long-term content distribution relationships.

Strategic Partnerships: Deep, consultative relationships with corporate clients

The consultative relationship with corporate clients is managed through the agency side and the former Events, Experiences & Rights segment. These partnerships often involve large-scale activations and brand alignments. A major strategic move defining customer relationships in 2025 was the definitive agreement announced October 24, 2024, to sell PBR, On Location, and IMG to TKO Group Holdings in an all-equity transaction valued at $3.25 billion. This transaction, which closed February 28, 2025, redefined the scope of Endeavor's direct corporate partnership portfolio, focusing the remaining entity more squarely on representation.

Direct-to-Consumer (DTC) Engagement: Building fan loyalty via owned digital platforms

Fan loyalty is a direct relationship, especially for the major intellectual properties. While specific DTC revenue figures aren't broken out here, the sheer reach of the properties speaks to the success of this engagement. UFC produces over 40 live events annually, and the PBR Teams league, introduced in 2024, is a direct effort to deepen fan connection. The relationship is maintained through content delivery and live event experiences, which saw revenue increases from events like the Paris 2024 Olympic and Paralympic Games and Super Bowl LVIII in the Events, Experiences & Rights segment for 2024.

Investor Relations: Managing expectations of the new private equity owners

For the new private equity owners, Silver Lake, the relationship is managed through financial transparency and strategic alignment, especially after the take-private transaction finalized on March 24, 2025. The deal valued the company at an enterprise value of $25 billion, with stockholders receiving $27.50 per share in cash. The focus shifts to maximizing returns within the private structure, using cash flows to manage the debt structure, including repaying or refinancing a $2.2 billion term loan maturing in May 2025. The company's full-year 2024 Adjusted EBITDA was $1.316 billion.

Here's a quick look at the financial context surrounding these relationships as of the last public reporting period:

Metric	Value (FY End Dec 31, 2024)	Context
Total Consolidated Revenue	$7.111 billion	Last full-year reported revenue before privatization.
Representation Segment Revenue	$1.688 billion	Directly tied to talent agent relationships (WME).
Owned Sports Properties Revenue	$2.985 billion	Driven by media rights and sponsorships (UFC/WWE).
Cash and Cash Equivalents	$1.201 billion	Liquidity position post-year-end 2024.
Total Debt	$5.678 billion	Debt level requiring management by new private owners.
TKO Asset Sale Valuation	$3.25 billion	Value of assets divested to TKO in early 2025.

The relationship with the former public shareholders was marked by a required quarterly dividend of $0.06 per share leading up to the take-private. Anyway, the relationship with TKO, where Endeavor retains a majority stake, is now governed by a different set of expectations, reflected in TKO's announced quarterly cash dividend of $0.38 per share.

Finance: draft pro-forma capital structure reflecting TKO asset sale and Silver Lake acquisition by next Tuesday.

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Channels

WME/IMG Agents: This channel focuses on direct client-to-agent relationships for talent services, primarily through WME. For the full year 2024, the Representation segment, which includes WME, generated $1.688 billion in revenue, marking a 9% increase over the prior year.

The scope of WME's reach is broad, covering major areas of entertainment and sports representation:

• Motion Picture and Television representation.
• Music division, booking talent across all genres.
• Sports representation.
• Comedy and Speaking engagements.
• Fashion and Literary Media representation.

Global Broadcast/Streaming: Distribution of TKO content, which was Endeavor Group Holdings, Inc.'s primary asset, is channeled through major media platforms. The WWE brand secured a 5-year partnership with ESPN for premium live events, effective starting 2026, with an annual commitment valued at $325 million annually. Separately, the UFC brand locked in a 7-year, $7.7 billion agreement with Paramount, starting in 2026. TKO raised its full-year 2025 revenue guidance to a range of $4.690 billion to $4.720 billion.

Live Venues/Arenas: This involves physical locations for UFC, WWE, and managed events, monetized through ticket sales and site fees. TKO reported significant live event success in 2025, with WWE's SummerSlam selling more than 100,000 tickets at MetLife Stadium. In Q3 2025, TKO's live events and hospitality revenue increased by $31.4 million year-over-year.

Digital Platforms: Content delivery via Endeavor Streaming and social media is a key distribution method. While specific Endeavor Streaming revenue is not isolated for late 2025, TKO's media rights revenue streams are substantial due to the new deals. The UFC's media rights fees contributed to a 5% revenue increase for that segment in Q2 2025, reaching $415.9 million.

On Location: This channel delivers premium hospitality and experience packages for live events. On Location generated more than $150 million in revenue from the Minneapolis Super Bowl. For Super Bowl LIII in Atlanta, the entity generated $175 million in revenue. Endeavor acquired On Location for a price north of $650 million.

Here's a look at the financial scale of the primary content/events business (TKO) that Endeavor Group Holdings, Inc. was majority-owned in through late 2025:

Metric	Value (Late 2025 Context)	Source Segment/Event
TKO Full Year 2025 Revenue Guidance (High End)	$4.720 billion	TKO Group Holdings
TKO Full Year 2025 Adjusted EBITDA Guidance (High End)	$1.580 billion	TKO Group Holdings
TKO Q2 2025 Reported Revenue	$1.308 billion	TKO Group Holdings
TKO Q3 2025 Revenue Growth (YoY)	23% (or $75.8 million increase)	TKO Group Holdings
WWE ESPN Annual Media Commitment (Starting 2026)	$325 million	Global Broadcast/Streaming

The Representation segment's 2024 revenue, which represents the core of the remaining Endeavor entity post-asset sales, was $1.688 billion.

Finance: draft 13-week cash view by Friday.

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Customer Segments

You're looking at the customer base of Endeavor Group Holdings, Inc. right after its transition to a private entity under Silver Lake in March 2025. The structure shifted significantly, making the remaining core business heavily focused on representation under the new WME Group banner.

The customer segments are diverse, spanning the talent they represent to the corporate entities that pay for access to that talent and the media platforms that buy their content rights. Here's the breakdown based on the last full-year figures available before the privatization, which was for the fiscal year ended December 31, 2024, and the key 2025 transaction data.

Top-Tier Talent: Actors, Musicians, Athletes, and Models represented by WME

This group forms the supply side of the core agency business, now consolidated as WME Group. These are the individuals whose market value drives the segment's revenue. The Representation segment, led by WME, generated $1.688 billion in revenue for the full year 2024, marking a 9% increase over 2023. In the final quarter of 2024, this segment brought in $501.6 million, a 17% year-over-year jump. The segment's Adjusted EBITDA for the full year 2024 was $405.7 million. WME's client roster includes talent across film, television, music, theater, digital media, and publishing, and they also represent major sports leagues like the NFL and NHL.

• WME Representation Segment Full Year 2024 Revenue: $1.688 billion
• WME Representation Segment Q4 2024 Revenue: $501.6 million
• WME Representation Segment Full Year 2024 Adjusted EBITDA: $405.7 million

Global Media Platforms: Broadcasters and streaming services seeking premium content

These platforms are the primary buyers of content rights and production services, though Endeavor shed significant content/sports assets in early 2025. Prior to the asset sale, the Events, Experiences & Rights segment, which housed much of this interaction, saw revenue of $2.529 billion for the full year 2024, a 16% increase. The Q3 2024 revenue for this segment was $899.8 million, heavily boosted by the Paris 2024 Olympic and Paralympic Games, where On Location served as the exclusive hospitality provider. Post-privatization, Endeavor retains a controlling stake in TKO Group Holdings (approximately 61% ownership), which includes the UFC and WWE, whose media rights are a major draw for global platforms.

Corporate Brands/Advertisers: Companies seeking high-visibility sponsorship and endorsement deals

Corporate clients engage WME Group for brand strategy, marketing, advertising, and activation services tied to their represented talent or owned intellectual property. The growth in the Representation segment in 2024 was driven by talent, music, and sports, which directly involves brand partnerships. For instance, the UFC (now under TKO, in which Endeavor holds a controlling stake) saw increases in revenue from sponsorships and site fees. The sale of assets like IMG and PBR to TKO for $3.25 billion in February 2025 streamlined the remaining entity, focusing the core business on representation where brand deals are central.

B2C Fans: Consumers attending live events and purchasing PPV/merchandise

While many direct-to-consumer assets like PBR and On Location were sold to TKO in February 2025, the remaining WME Group still serves this segment through its talent roster, facilitating tours and appearances. The Events, Experiences & Rights segment, before the divestiture, reflected strong consumer demand, with its Q3 2024 revenue reaching $899.8 million. The UFC, a major driver of live event and PPV revenue, remains a key asset via Endeavor's controlling stake in TKO Group Holdings.

Financial Sponsors: Silver Lake and co-investors driving the private entity's strategy

This segment is the ultimate owner following the March 24, 2025, transaction. Silver Lake acquired 100% of the outstanding shares Endeavor did not already own, taking the company private. The deal pegged the all-in enterprise value, consolidating TKO's value, at $25 billion at a price of $27.50 per share. Silver Lake initially acquired a 31.25% minority stake in 2012 for $250 million. Additionally, former executive chairman Patrick Whitesell is leading a new sports and media business backed with $250 million from Silver Lake.

You can see the financial structure shift in the table below, comparing the last full-year performance to the transaction details that define the current ownership structure.

Customer/Investor Group	Key Metric/Data Point	Value/Amount (Latest Available)
Top-Tier Talent (WME Group)	Full Year 2024 Representation Revenue	$1.688 billion
Global Media Platforms/Corporate Brands	Events, Experiences & Rights Segment FY 2024 Revenue	$2.529 billion
Financial Sponsors (Silver Lake)	Take-Private Transaction Enterprise Value (Consolidated)	$25 billion
Financial Sponsors (Silver Lake)	Take-Private Share Price	$27.50 per share
Financial Sponsors (Silver Lake)	Initial 2012 Minority Stake Investment	$250 million
Financial Sponsors (Silver Lake)	TKO Group Holdings Ownership Stake (Post-Transaction)	~61% controlling stake
B2C Fans/Events (via TKO Assets)	Sale Price of PBR, IMG, On Location to TKO	$3.25 billion (all-equity)
Financial Sponsors (Whitesell New Venture)	Silver Lake Backing for Whitesell's New Business	$250 million

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Cost Structure

You're looking at the cost base Endeavor Group Holdings, Inc. was managing right before the Silver Lake take-private deal closed in early 2025. The structure was heavily weighted toward human capital and the fixed costs associated with its large asset base.

Talent and Personnel Costs: High commissions and salaries for agents and executives

Personnel costs are a primary driver within Selling, General and Administrative (SG&A) expenses. For the full year ended December 31, 2024, SG&A expenses rose significantly to $711.5 million, an increase of $329.9 million, or 86.4%, compared to the prior year. This jump was largely due to including WWE operations, which were acquired in September 2023, alongside higher general personnel costs, travel, and public company overhead related to TKO Group Holdings, Inc.

• SG&A increase driven by inclusion of WWE operations.
• Higher cost of personnel and travel expenses noted for 2024.
• Equity-based compensation was lower in 2024 than the prior period.

Direct Operating Costs: Production and staging expenses for live events

Direct costs are embedded within the segment results, particularly in Events, Experiences & Rights, and Owned Sports Properties. The revenue growth in the Events, Experiences & Rights segment for the full year 2024, which reached $2.529 billion, was heavily influenced by major events like the Paris 2024 Olympic and Paralympic Games and Super Bowl LVIII, which carry substantial staging and production expenses. The cost of servicing these large-scale operations is a major component here.

Here's a quick look at the scale of the segments driving these operating costs for the year ended December 31, 2024:

Segment	Full Year 2024 Revenue (Millions USD)	Year-over-Year Growth (%)
Owned Sports Properties	$2,985 billion	64%
Events, Experiences & Rights	$2.529 billion	16%
Representation	$1.688 billion	9%

Interest Expense: Servicing the substantial debt load, totaling $5.678 billion (2024)

Servicing the debt was a non-trivial cost. Total debt for Endeavor Group Holdings, Inc. stood at $5.678 billion as of December 31, 2024, up from $5.228 billion at September 30, 2024. This debt load resulted in an Interest expense, net of $407.8 million for the full year 2024, representing an increase of $61.6 million, or 17.8%, over the 2023 figure.

The net debt position as of December 2024, after accounting for cash and cash equivalents of $1.004 billion (as of September 30, 2024), was approximately $4.674 billion.

Transaction Expenses: Significant legal and advisory fees related to the 2025 take-private deal

While the Silver Lake take-private deal was expected to close in the first quarter of 2025, the preparatory costs were booked in 2024. Merger, acquisition, and earn-out costs recorded for the year ended December 31, 2024, totaled $128.7 million (reported as $128,659 thousand). Also contributing were Certain legal costs, which amounted to $27.5 million (reported as $27,465 thousand) for the same period. The deal itself valued the equity at $13 billion.

• Merger, acquisition and earn-out costs (2024): $128.7 million.
• Certain legal costs (2024): $27.5 million.
• The deal involved paying stockholders $27.50 per share in cash.

Content Acquisition Costs: Investment in new IP and contractual media rights escalations

Acquisitions and escalations drive content costs. The significant revenue growth in the Owned Sports Properties segment for 2024, up 64.4% to $2.985 billion, was primarily attributed to the acquisition of WWE, which contributed $1.0 billion to that increase. Also, increases at UFC were driven by higher media rights fees from contractual escalations. The Representation segment growth was partially due to an acquisition in 2024, which increased operating costs there as well.

Finance: draft 13-week cash view by Friday.

Endeavor Group Holdings, Inc. (EDR) - Canvas Business Model: Revenue Streams

You're looking at the final full-year revenue snapshot for Endeavor Group Holdings, Inc. before the major restructuring in early 2025, which is based on the fiscal year ended December 31, 2024.

The total consolidated revenue for Endeavor Group Holdings in 2024 hit $7.111 billion.

The revenue streams are clearly segmented, showing a heavy reliance on owned, premium sports intellectual property (IP) alongside the traditional agency business.

Owned Sports Properties: Revenue from UFC/WWE/PBR

This category, which includes the massive value of UFC and the recently acquired WWE, generated $2.985 billion in revenue for the full year 2024, marking a significant 64% increase compared to the prior year. This growth was substantially boosted by the WWE acquisition, which contributed $1.0 billion to the yearly total. Within the UFC component of this stream, revenue increases came from sponsorships, live event revenue, and site fees, alongside higher media rights fees due to existing contractual escalations. Professional Bull Riders (PBR) also contributed via increases in team-related revenue, brand partnerships, and ticket sales.

Representation Commissions: Fees from talent deals

The Representation segment, anchored by WME, brought in $1.688 billion in revenue for 2024, representing a 9% increase year-over-year. The primary drivers here were growth across WME's talent, music, and sports groups, plus an increase in the nonscripted business following an acquisition in 2024. This stream is the core of the remaining private Endeavor entity post-restructuring.

The remaining revenue components fall under the former Events, Experiences & Rights segment, which posted $2.529 billion in revenue for 2024, a 16% increase.

Media Rights Fees: Selling broadcast rights for TKO properties (UFC/WWE)

While the specific dollar amount for just media rights fees is not broken out separately from the Owned Sports Properties segment, the search results indicate that higher media rights fees from contractual escalations at UFC were a key driver of that segment's growth. Furthermore, TKO Group Holdings, Inc. was actively looking for a new UFC broadcast rights deal in 2024, reportedly seeking $1 billion per year.

Live Event Revenue: Ticket sales, site fees, and premium hospitality packages

This revenue source is a mix. Live event revenue and site fees were specifically cited as drivers within the Owned Sports Properties segment (UFC/PBR). Additionally, the Events, Experiences & Rights segment saw revenue increases driven by major live events like the Paris 2024 Olympic and Paralympic Games, Super Bowl LVIII, and the Miami Open and Madrid Open tennis tournaments.

Sponsorship and Licensing: Brand partnerships and IP licensing revenue

Brand partnerships and ticket sales were noted as contributors to the revenue increase within the PBR portion of the Owned Sports Properties segment. Also, UFC saw revenue increases from sponsorships, which falls under this general category.

Here is a quick look at the major segment revenue contributions for the full year 2024:

Revenue Stream Category	Full Year 2024 Revenue (USD)
Owned Sports Properties (UFC/WWE/PBR)	$2.985 billion
Representation (WME Talent/Music/Sports)	$1.688 billion
Events, Experiences & Rights (Events/Media/Licensing)	$2.529 billion
Consolidated Total Revenue	$7.111 billion

The composition of the Events, Experiences & Rights segment revenue, which totaled $2.529 billion, is derived from:

• Increases from On Location, the Miami Open, and Barrett-Jackson's Scottsdale event.
• Revenue from major events like the Paris 2024 Olympic and Paralympic Games and Super Bowl LVIII.
• Offsetting factors included the sale of IMG Academy in June 2023.

The Representation segment's growth was also supported by an increase in the nonscripted business due to an acquisition completed in 2024.

Finance: draft 13-week cash view by Friday.