Endeavor Swings To The Black And 3Q Sales Jump As

Endeavor swung to a profit last quarter on sales up more than 60% to nearly $1.4 billion last quarter as business surged in the wake of Covid. The company, which went public in April, posted a net profit of $63.6 million from a $21.8 million loss the year before.  The stock was trading lower all session but bounced in late trading after the numbers, up 1.13%.  “We continue to capitalize on the elevated demand for premium content and live events coming out of the pandemic,” said CEO Ariel Emanuel. “Given our unique positioning within the sports and entertainment industry and our ability to leverage powerful secular content trends, we see no signs of this momentum waning through the end of the year.”    Of its three main business units, UFC-led owned sports properties saw revenue of $288 m …
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