IPO filing reflects rising losses of 18% from 2019 to 2020
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Endeavor on Wednesday revealed it lost nearly $1.2 billion in the last two years, according to a new filing with the SEC, as it looks to go public for the second time in three years.
The powerhouse agency lost $625.3 million last year as several industries it focuses on, including sports and entertainment, were hit hard by the coronavirus pandemic. But Endeavor had a rough year in 2019, too, with the firm posting a net loss of $530.7 million, bringing its two-year loss to $1.156 billion. The firm’s losses increased nearly 18% from 2019 to 2020.
As for money coming in, Endeavor reported revenue of $3.5 billion in 2020 and $4.6 billion the year prior.
For more details on Endeavor’s latest filing, including Elon Musk joining its board of directors, click here.
More to come…
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