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Endeavor CEO Ari Emanuel. Photo by Bloomberg
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markets entertainment

Endeavor’s IPO Filing Shows Heavy Debt and Losses

By , and  |  May 23, 2019 1:03 PM PDT
Photo: Endeavor CEO Ari Emanuel. Photo by Bloomberg

Endeavor, the talent agency turned entertainment conglomerate, filed to go public on Thursday, pulling back the curtain on a company that has taken on heavy debts in recent years to diversify into a variety of sports and content businesses.

The IPO filing revealed that Endeavor’s revenue rose 20% to $3.6 billion last year, while its operating loss nearly doubled to $107 million. But the sale of a business allowed Endeavor, whose backers include Silver Lake Partners, to post its first net profit in a couple of years.

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