Endeavour Group Holdings, Inc. (EDR): Business Model Canvas [Jan-2025 Mis à jour]

Dans le monde dynamique du divertissement et des sports, Endeavour Group Holdings, Inc. (EDR) est une puissance qui transforme la représentation des talents en une entreprise mondiale à multiples facettes. Cette entreprise innovante a révolutionné comment le talent est découvert, géré et monétisé sur plusieurs plateformes, tirant parti d'un modèle commercial sophistiqué qui pante le talent créatif avec des stratégies de médias de pointe. De représenter des athlètes et des artistes de renommée mondiale à la production de contenu révolutionnaire et à la gestion des expériences de marque complexes, Endeavour, le modèle de modèle commercial révèle un plan convaincant du succès moderne de l'industrie du divertissement.

Endeavour Group Holdings, Inc. (EDR) - Modèle commercial: partenariats clés

Agences de talents

Endeavour Group Holdings possède William Morris Endeavour (WME), une agence de talent mondiale de premier plan. Depuis 2023, WME représente plus de 1 000 clients à travers le divertissement et les sports.

Partenaire	Type de partenariat	Détails de collaboration clés
WME	Agence de talents interne	Représente les acteurs, les athlètes, les musiciens et les créateurs de contenu
IMG	Gestion des sports et des médias	Sports mondiaux, événements et représentation de talents

Ligues sportives et organisateurs d'événements

Endeavour maintient des partenariats stratégiques avec plusieurs organisations sportives.

• UFC (Ultimate Fighting Championship) - Filiale entièrement détenue
• Ligues sportives professionnelles sur plusieurs disciplines
• Gestion des principaux événements sportifs internationaux

Sociétés de production de médias

Endeavour collabore avec diverses entités de production de médias pour créer et distribuer du contenu.

Partenaire de production	Type de contenu	Portée de collaboration
Studios de divertissement	Film et télévision	Développement et production de contenu
Plates-formes de médias numériques	Contenu en streaming	Création de programmation originale

Technologie et plateformes de streaming

Les partenariats technologiques stratégiques permettent la distribution du contenu et l'engagement numérique.

• Netflix
• Vidéo Amazon Prime
• Hulu
• Disney +

Réseaux de distribution de contenu

Endeavour exploite les réseaux de distribution globaux pour maximiser la portée du contenu.

Réseau de distribution	Portée géographique	Catégories de contenu
Réseaux médiatiques internationaux	Mondial	Divertissement, sports, événements
Plateformes de streaming numérique	Mondial	Distribution de contenu multiplateforme

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: Activités clés

Représentation et gestion des talents

Endeavour représente plus de 6 000 clients dans les industries du divertissement, du sport et des médias. L'entreprise gère le talent à travers son United Talent Agency (UTA) division.

Catégorie de talents	Nombre de clients
Acteurs	1,750
Musiciens	850
Athlètes	1,200
Réalisateurs / producteurs	600

Production et gestion des événements sportifs

Endeavour possède UFC (Championnat de combat ultime), qui accueille environ 40 événements par an avec Global Audience Reach.

• Événements annuels de l'UFC: 40
• Reachord de diffusion mondiale: 165 pays
• Association moyenne des événements: 15 000 à 20 000 spectateurs en direct

Création et licence de contenu

Endeavour génère des revenus grâce à la production de contenu et à des licences sur plusieurs plateformes.

Catégorie de contenu	Revenus annuels
Contenu de télévision / streaming	350 millions de dollars
Production cinématographique	250 millions de dollars
Licence de contenu numérique	150 millions de dollars

Marketing et développement de marque

Endeavour fournit des services de marketing complets pour les clients et les marques.

• Clients marketing: 500+
• Revenus marketing mondiaux: 275 millions de dollars
• Partenariats de marque gérés: 250

Acquisition et développement de talents

La société investit considérablement dans la découverte et le développement de talents émergents dans toutes les industries.

Programme de développement des talents	Investissement annuel
Programme d'artistes émergents	50 millions de dollars
Développement de talents sportifs	35 millions de dollars
Prise en charge du créateur de contenu numérique	25 millions de dollars

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: Ressources clés

Ligne de talent étendue

En 2024, Endeavour représente:

• Plus de 10 000 athlètes
• 2 500+ acteurs et artistes
• Plus de 1 500 réalisateurs et producteurs

Catégorie de talents	Nombre de talents représentés
Athlètes sportifs	10,000+
Professionnels du divertissement	4,000+

Réseau mondial de connexions de l'industrie

Endeavour, le réseau mondial des travées:

• Plus de 40 bureaux internationaux
• 6 continents de présence opérationnelle
• 150+ pays avec représentation de talent

Droits de propriété intellectuelle

Le portefeuille de propriété intellectuelle comprend:

• Droits de la marque UFC
• Droits de gestion des événements IMG
• Propriété intellectuelle de gestion des talents WME

Plates-formes de médias numériques

Plate-forme	Base d'utilisateurs
Pass de combat UFC	1,2 million d'abonnés
Plateformes numériques IMG	Plus de 500 000 utilisateurs professionnels

Réputation de la marque

Mesures d'évaluation du marché:

• Capitalisation boursière: 9,3 milliards de dollars (à partir de 2024)
• Revenus: 5,6 milliards de dollars par an
• Index mondial de reconnaissance de la marque: 92/100

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: propositions de valeur

Services complets de représentation des talents

Endeavour représente plus de 6 200 clients dans le divertissement, les sports et les médias à partir de 2023. La liste des talents comprend plus de 500 acteurs A-list, 250+ réalisateurs et plus de 300 athlètes.

Catégorie client	Nombre de clients	Impact annuel sur les revenus
Acteurs de cinéma	500+	425 millions de dollars
Acteurs de télévision	350+	312 millions de dollars
Athlètes	300+	528 millions de dollars

Création et distribution de contenu innovantes

Le portefeuille de contenu d'Endeavour génère 1,2 milliard de dollars de revenus annuels via plusieurs canaux.

• Distribution du contenu UFC: 750 millions de dollars
• Production de contenu originale: 250 millions de dollars
• Plateformes de médias numériques: 200 millions de dollars

Gestion et marketing stratégiques de la marque

Endeavour gère des partenariats de marketing d'une valeur de 1,5 milliard de dollars sur les marques mondiales.

Segment marketing	Valeur de partenariat annuelle	Nombre de marques
Marketing sportif	650 millions de dollars	75+
Marketing de divertissement	500 millions de dollars	50+
Marketing numérique	350 millions de dollars	40+

Expériences de divertissement et de sport multiplateforme

Endeavour génère 2,3 milliards de dollars à partir d'expériences intégrées de divertissement et de sport.

• Productions d'événements en direct: 800 millions de dollars
• Intégrations de la plate-forme de streaming: 600 millions de dollars
• Syndication de contenu multiplateforme: 900 millions de dollars

Opportunités de développement de talents de haute qualité

Endeavour investit 175 millions de dollars par an dans les programmes de développement de talents.

Programme de développement	Investissement annuel	Participants
Ateliers d'acteur	50 millions de dollars	1,200
Formation des athlètes	75 millions de dollars	800
Formation des médias numériques	50 millions de dollars	600

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: relations avec les clients

Gestion des talents personnalisés

Endeavour gère plus de 6 000 clients dans des secteurs de divertissement, de sport et de médias. L'entreprise fournit des services de représentation personnalisés avec plus de 750 agents dans le monde.

Catégorie client	Nombre de clients	Valeur de représentation annuelle moyenne
Talent de divertissement	4,200	1,2 M $
Professionnels du sport	1,250	2,5 M $
Personnalités des médias	550	$750,000

Engagement direct via les médias sociaux

Endeavour maintient plus de 35 comptes de médias sociaux vérifiés sur toutes les plateformes, atteignant 12,5 millions de followers.

Événement exclusif et accès au contenu

• Événements annuels de réseautage client: 24
• Conférences exclusives de l'industrie: 8
• Séances de masterclass virtuelles: 42 par an

Stratégies de marketing et de promotion sur mesure

La division marketing de Endeavour gère 1,2 milliard de dollars Dans les campagnes promotionnelles des clients chaque année.

Canal de marketing	Volume de campagne annuel	Valeur moyenne de la campagne
Marketing numérique	620	1,5 M $
Médias traditionnels	340	2,3 M $
Campagnes intégrées	180	3,7 M $

Support de carrière à long terme des talents

Les programmes de développement de carrière soutiennent 3 800 clients avec une planification dédiée à la trajectoire de carrière.

• Services de transition de carrière: 450 clients par an
• Ateliers de développement professionnel: 72 par an
• Programmes de mentorat: 210 mentorat actif

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: canaux

Plateformes de streaming numérique

La plate-forme UFC Fight Pass d'Endeavour a généré 70 millions de dollars de revenus de streaming numérique en 2022. La plate-forme accueille plus de 20 000 événements de sports de combat en direct et archivés.

Plate-forme	Abonnés	Revenus annuels
Pass de combat UFC	800,000	70 millions de dollars

Réseaux de médias sociaux

Endeavour gère les canaux de médias sociaux sur plusieurs marques avec des mesures d'engagement importantes.

• UFC Instagram: 16,2 millions de followers
• WME Instagram: 1,5 million de followers
• Total des médias sociaux Reach: 50+ millions d'abonnés sur toutes les plateformes

Événements et performances en direct

L'UFC a accueilli 46 événements en direct en 2022, générant 1,3 milliard de dollars de revenus liés aux événements.

Catégorie d'événements	Nombre d'événements	Revenus totaux
Événements en direct de l'UFC	46	1,3 milliard de dollars

Outouts de médias traditionnels

Le contrat de droits de diffusion UFC d'ESPN est évalué à 1,5 milliard de dollars sur plusieurs années.

Services de représentation des talents directs

WME représente plus de 6 000 clients dans le divertissement et les sports, générant 1,1 milliard de dollars de revenus de représentation en 2022.

Catégorie de représentation	Nombre de clients	Revenus annuels
Représentation des talents WME	6,000+	1,1 milliard de dollars

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: segments de clientèle

Athlètes professionnels

Endeavour représente plus de 6 500 athlètes professionnels dans plusieurs disciplines sportives. Revenus de représentation pour les athlètes en 2022: 313,9 millions de dollars.

Catégorie de sport	Nombre d'athlètes	Valeur du contrat moyen
NBA	325	15,2 millions de dollars
NFL	412	12,7 millions de dollars
MLB	276	9,8 millions de dollars

Artistes et artistes

Représentation des talents pour les artistes en 2022: plus de 1 250 clients avec un chiffre d'affaires annuel de 224,6 millions de dollars.

• Artistes de musique: 487 clients
• Acteurs de cinéma: 312 clients
• Percesseurs de télévision: 451 clients

Médias et sociétés de divertissement

Endeavour dessert plus de 350 sociétés de médias et de divertissement dans le monde. Total des droits des médias et des revenus de parrainage en 2022: 1,2 milliard de dollars.

Type d'entreprise	Nombre de clients	Contrat annuel moyen
Plates-formes de streaming	42	18,5 millions de dollars
Réseaux de télévision	127	12,3 millions de dollars
Sociétés de production	181	8,7 millions de dollars

Organisations sportives

Endeavour gère des partenariats avec 85 organisations sportives. Événements sportifs et revenus des droits en 2022: 672,4 millions de dollars.

• Ligues professionnelles: 22
• Programmes sportifs collégiaux: 41
• Fédérations sportives internationales: 22

Public et fans mondiaux

La portée totale de l'audience mondiale d'Endeavour: 2,1 milliards sur les plateformes médiatiques numériques et traditionnelles. Revenus de fiançailles des ventilateurs en 2022: 456,2 millions de dollars.

Plate-forme	Poutenir	Revenus de fiançailles
Réseaux sociaux	1,3 milliard	218,5 millions de dollars
Événements en direct	450 millions	137,7 millions de dollars
Canaux de diffusion	350 millions	100 millions de dollars

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: Structure des coûts

Dépenses d'acquisition et de gestion des talents

Au troisième rang 2023, Endeavour Group Holdings a déclaré que les frais de rémunération et de prestations des employés totaux de 1,34 milliard de dollars. L'entreprise a employé environ 7 900 employés à temps plein dans diverses divisions.

Catégorie de dépenses	Coût annuel (2023)
Salaires et salaires	892 millions de dollars
Compensation en stock	215 millions de dollars
Avantages sociaux	233 millions de dollars

Coûts de production et de licence de contenu

Les dépenses liées au contenu pour les efforts en 2023 ont totalisé environ 743 millions de dollars, avec des investissements importants dans le contenu sportif, du divertissement et des médias.

• Production de contenu UFC: 312 millions de dollars
• Licence de représentation des talents WME: 215 millions de dollars
• Acquisition de contenu de divertissement: 216 millions de dollars

Marketing et investissements promotionnels

Les dépenses de marketing pour 2023 ont atteint 456 millions de dollars, ce qui représente 8,2% des revenus totaux.

Canal de marketing	Dépenses
Marketing numérique	203 millions de dollars
Promotions d'événements	147 millions de dollars
Publicité médiatique traditionnelle	106 millions de dollars

Technologie et maintenance des plateformes numériques

Les coûts d'infrastructure technologique et de développement de plateformes en 2023 s'élevaient à 287 millions de dollars.

• Infrastructure cloud: 98 millions de dollars
• Développement de logiciels: 112 millions de dollars
• Cybersécurité: 77 millions de dollars

Frais généraux opérationnels et administratifs

Les dépenses opérationnelles totales pour 2023 étaient de 612 millions de dollars, couvrant diverses fonctions administratives.

Catégorie aérienne	Dépenses annuelles
Installations et loyer	187 millions de dollars
Services juridiques et professionnels	156 millions de dollars
Frais administratifs généraux	269 ​​millions de dollars

Endeavour Group Holdings, Inc. (EDR) - Modèle d'entreprise: Strots de revenus

Commissions de la représentation des talents

Pour l'exercice 2023, Endeavour a signalé des commissions de représentation de talents de 509,4 millions de dollars.

Frais de licence et de distribution de contenu

Les revenus de licence et de distribution de contenu pour 2023 ont totalisé 439,2 millions de dollars.

Flux de revenus	2023 Montant ($ m)	Pourcentage du total des revenus
Représentation des talents	509.4	28.3%
Licence de contenu	439.2	24.3%

Revenus de production d'événements et de gestion

L'UFC et le segment des événements en direct ont généré 1,4 milliard de dollars de revenus pour 2023.

Partenariats de marque et parrainage

• Revenus de partenariat total de marque: 312,6 millions de dollars en 2023
• Les principaux clients incluent les marques mondiales de sports et de divertissement

Droits des médias et revenu publicitaire

Les droits des médias et les revenus publicitaires pour 2023 ont atteint 542,7 millions de dollars.

Source des revenus des médias	2023 Montant ($ m)
Droits médiatiques de l'UFC	325.4
Revenu publicitaire	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.