Endeavor is well positioned for future growth, even in a rapidly consolidating market, as it has a presence in most of the major entertainment sectors that are coming back to life, Endeavor CEO Ari Emanuel told investors on Wednesday during his first call for results as head of the listed company.
Emanuel, Endeavor chairman Mark Shapiro and CFO Jason Lublin answered questions from top Wall Street media analysts for an hour as the company began the quarterly ritual of financial disclosures. Endeavor went public on April 29 with an opening price of $ 24 per share. On Wednesday, the stock closed at $ 29.39.
Emanuel insisted on how media growth – as has been demonstrated over the past two weeks with the mega-deals between WarnerMedia and Discovery and Amazon’s deal to acquire MGM – will affect an independent company like Endeavor, which has tentacles on the market. with its strengths in sports, live events, entertainment, marketing and talent representation.
“Warner-Discovery and Amazon-MGM are just further proof that content is in high demand and in short supply,” Emanuel said. “There are a limited number of intellectual property creators to meet this demand. It increases the value of the talent we represent and the content we own or represent. “
Endeavor’s executives joined other media CEOs in the past earnings cycle to meet pent-up consumer demand for live events and other experiences. Shapiro was excited that robust sales for upcoming events “ignite a fuse in all of our business.”