Carl Icahn’s investment firm is fighting a small investor to spearhead a proposed class action lawsuit alleging former shareholders in Endeavor Group should have made more money from Silver Lake’s $25 billion buyout https://t.co/hXKbjlx8oV ...

Core Insights - Endeavor Group reported $1.57 billion in revenue for the quarter ended December 2024, reflecting a year-over-year decline of 0.9% and an EPS of -$0.22 compared to $0.16 a year ago, indicating a significant drop in profitability [1] - The reported revenue exceeded the Zacks Consensus Estimate of $1.5 billion by 4.34%, while the EPS fell short of the consensus estimate of $0.36 by 161.11% [1] Revenue Breakdown - Revenue from Owned Sports Properties was $670.41 million, surpassing the average estimate of $654.45 million by analysts, marking a year-over-year increase of 4.3% [4] - Revenue from Eliminations was reported at -$15.65 million, better than the average estimate of -$27.86 million, with a year-over-year change of 0.8% [4] - Revenue from Representation reached $501.63 million, exceeding the average estimate of $462.86 million, representing a year-over-year increase of 17.4% [4] - Revenue from Events, Experiences & Rights was $411.88 million, slightly below the average estimate of $413.10 million, showing a year-over-year decline of 0.6% [4] Adjusted EBITDA Performance - Adjusted EBITDA for Corporate was -$79.40 million, worse than the average estimate of -$77.07 million [4] - Adjusted EBITDA for Representation was $108.18 million, falling short of the average estimate of $119.07 million [4] - Adjusted EBITDA for Events, Experiences & Rights was $11.02 million, significantly below the average estimate of $66.47 million [4] - Adjusted EBITDA for Owned Sports Properties was $237.25 million, compared to the average estimate of $276.18 million, indicating underperformance [4] Stock Performance - Endeavor's shares have returned +1.4% over the past month, contrasting with the Zacks S&P 500 composite's -2.2% change, suggesting relative strength in the stock [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Viewpoint - Endeavor Group reported a quarterly loss of $0.22 per share, significantly missing the Zacks Consensus Estimate of $0.36, marking an earnings surprise of -161.11% [1] - The company generated revenues of $1.57 billion for the quarter ended December 2024, slightly below the year-ago revenues of $1.58 billion, and surpassed the Zacks Consensus Estimate by 4.34% [2] Group 1: Earnings Performance - The company has only surpassed consensus EPS estimates once in the last four quarters [2] - The recent earnings report indicates a significant decline in earnings compared to the previous year, which reported earnings of $0.16 per share [1] Group 2: Stock Performance - Endeavor shares have decreased by approximately 1.5% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current Zacks Rank for Endeavor is 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Group 3: Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.43 on revenues of $1.88 billion, and for the current fiscal year, it is $2.03 on revenues of $7.17 billion [7] - The outlook for the Media Conglomerates industry is positive, currently ranking in the top 25% of over 250 Zacks industries, indicating potential for better performance compared to lower-ranked industries [8]