Income Statement Snapshot

Endeavor Group Holdings, Inc.’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2024

19.6% CAGR

$7.1B

CAGR 19.6% (FY2020 to FY2024)

Gross Profit

FY2024

Latest filing

-$152.9M

Latest annual filing: FY2024

Operating Income

FY2024

Latest filing

-$152.9M

Latest annual filing: FY2024

Net Income

FY2024

Latest filing

-$782.4M

Latest annual filing: FY2024

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for Endeavor Group Holdings, Inc..
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2024	2023	2022	2021	2020
Total Revenue	$7,111	$5,491	$5,008	$5,078	$3,479
Gross Profit	-$153	$304	$552	-$22	-$153
Selling, General & Administrative	$3,351	$2,590	$2,277	$2,284	$1,442
Operating Expenses	$7,264	$5,187	$4,456	$5,100	$3,632
Operating Income	-$153	$304	$552	-$22	-$153
Interest Expense	$408	$346	$282	$269	$285
Other Non-Operating Income (Expense)	$3	$784	$480	$4	$81
Income Tax Expense (Benefit)	-$52	$209	-$658	-$22	$9
Net Income	-$782	$357	$129	-$297	$0
Basic EPS	-$2.56	$1.19	$0.48	-$1.14	N/A
Diluted EPS	-$2.65	$1.14	$0.45	-$1.14	N/A
Basic Average Shares	305.4M	298.9M	281.4M	262.1M	N/A
Diluted Average Shares	452.2M	464.9M	287.7M	262.1M	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for Endeavor Group Holdings, Inc.

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2024

vs FY2020

-2.2%

Change vs FY2020: +225 bps

Operating Margin

FY2024

vs FY2020

-2.2%

Change vs FY2020: +225 bps

Net Margin

FY2024

vs FY2020

-11.0%

Change vs FY2020: -1100 bps

Observation Window

FY2020 to FY2024

5 years

5 Years

Profitability profile tracked across FY2020 through FY2024.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2024 vs FY2023

YoY change

+29.5%

FY2024 versus FY2023

Gross Profit YoY

FY2024 vs FY2023

YoY change

-150.4%

FY2024 versus FY2023

Op. Income YoY

FY2024 vs FY2023

YoY change

-150.4%

FY2024 versus FY2023

Net Income YoY

FY2024 vs FY2023

YoY change

-319.5%

FY2024 versus FY2023

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2024	2023	2022	2021	2020
Revenue Growth %	+29.5%	+9.6%	-1.4%	+46.0%	N/A
Gross Profit Growth %	-150.4%	-45.0%	-2581.2%	-85.5%	N/A
Operating Income Growth %	-150.4%	-45.0%	-2581.2%	-85.5%	N/A
Net Income Growth %	-319.5%	+176.1%	-143.5%	N/A	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2020 to FY2024, useful for filtering out one-year noise.

Revenue CAGR

FY2020 to FY2024

4-yr CAGR

19.6%

Compounded annual growth across FY2020 to FY2024.

Gross Profit CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

Op. Income CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

Net Income CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

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Income Statement Snapshot

Endeavor Group Holdings, Inc.’s top-line, gross profit, operating income, and bottom-line conversion. Values are shown in USD millions.

Revenue

FY2024

19.6% CAGR

$7.1B

CAGR 19.6% (FY2020 to FY2024)

Gross Profit

FY2024

Latest filing

-$152.9M

Latest annual filing: FY2024

Operating Income

FY2024

Latest filing

-$152.9M

Latest annual filing: FY2024

Net Income

FY2024

Latest filing

-$782.4M

Latest annual filing: FY2024

All values shown in USD millions unless noted otherwise.

Expanded Line Items

The full annual income statement layer for Endeavor Group Holdings, Inc..
Values are displayed in USD millions, except per-share and share-count rows.

Line Item	2024	2023	2022	2021	2020
Total Revenue	$7,111	$5,491	$5,008	$5,078	$3,479
Gross Profit	-$153	$304	$552	-$22	-$153
Selling, General & Administrative	$3,351	$2,590	$2,277	$2,284	$1,442
Operating Expenses	$7,264	$5,187	$4,456	$5,100	$3,632
Operating Income	-$153	$304	$552	-$22	-$153
Interest Expense	$408	$346	$282	$269	$285
Other Non-Operating Income (Expense)	$3	$784	$480	$4	$81
Income Tax Expense (Benefit)	-$52	$209	-$658	-$22	$9
Net Income	-$782	$357	$129	-$297	$0
Basic EPS	-$2.56	$1.19	$0.48	-$1.14	N/A
Diluted EPS	-$2.65	$1.14	$0.45	-$1.14	N/A
Basic Average Shares	305.4M	298.9M	281.4M	262.1M	N/A
Diluted Average Shares	452.2M	464.9M	287.7M	262.1M	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Expanded annual statement lines sourced from SEC Edgar Database for Endeavor Group Holdings, Inc.

Margins

Profitability Conversion

Track how much of revenue survives through gross profit,operating income, and net income across the annual reporting window.

Gross Margin

FY2024

vs FY2020

-2.2%

Change vs FY2020: +225 bps

Operating Margin

FY2024

vs FY2020

-2.2%

Change vs FY2020: +225 bps

Net Margin

FY2024

vs FY2020

-11.0%

Change vs FY2020: -1100 bps

Observation Window

FY2020 to FY2024

5 years

5 Years

Profitability profile tracked across FY2020 through FY2024.

Margin Table

Side-by-side read of gross, operating, and net margin.

Margin Trends

Read the shape of profitability with either a discrete bar view or a cleaner line trajectory.

Margins are calculated from annual SEC facts using reported revenue as the denominator.

YoY Change

Annual Momentum

Compare the latest fiscal year against the immediately prior period across every headline income statement line.

Revenue YoY

FY2024 vs FY2023

YoY change

+29.5%

FY2024 versus FY2023

Gross Profit YoY

FY2024 vs FY2023

YoY change

-150.4%

FY2024 versus FY2023

Op. Income YoY

FY2024 vs FY2023

YoY change

-150.4%

FY2024 versus FY2023

Net Income YoY

FY2024 vs FY2023

YoY change

-319.5%

FY2024 versus FY2023

YoY Table

Negative values are highlighted to make slowdowns obvious.

Metric	2024	2023	2022	2021	2020
Revenue Growth %	+29.5%	+9.6%	-1.4%	+46.0%	N/A
Gross Profit Growth %	-150.4%	-45.0%	-2581.2%	-85.5%	N/A
Operating Income Growth %	-150.4%	-45.0%	-2581.2%	-85.5%	N/A
Net Income Growth %	-319.5%	+176.1%	-143.5%	N/A	N/A
Filing	10-K	10-K	10-K	10-K	10-K

Momentum Chart

The most direct way to see whether the business is accelerating or rolling over.

YoY change compares each annual period against the immediately prior year inside the selected window.

CAGR

Through-Cycle Growth

Compounded annual growth rate from FY2020 to FY2024, useful for filtering out one-year noise.

Revenue CAGR

FY2020 to FY2024

4-yr CAGR

19.6%

Compounded annual growth across FY2020 to FY2024.

Gross Profit CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

Op. Income CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

Net Income CAGR

FY2020 to FY2024

4-yr CAGR

N/A

Compounded annual growth across FY2020 to FY2024.

Commentary on Endeavor Group Holdings, Inc. Performance

Over the past five years, Endeavor Group Holdings has demonstrated strong revenue growth, climbing from USD 3.48 billion in 2020 to over USD 7.11 billion in 2024. Notably, there was a remarkable revenue increase of approximately 46% from 2020 to 2021 and nearly 29% from 2023 to 2024. However, the company’s profitability metrics have been much more volatile. For instance, while gross profit and operating income were negative in 2020 and 2021, 2022 saw a significant turnaround with operating income reaching USD 551.83 million—a more than 200% improvement from 2021’s USD -22.24 million. Yet by 2024, both gross and operating income slid back into negative territory, signaling potential challenges in managing costs despite higher topline revenue. The net income figures further underscore this volatility. After initially reporting no net income in 2020 and a negative USD -296.63 million in 2021, the company achieved positive net income in 2022 (USD 129.13 million) and 2023 (USD 356.52 million), only to swing to a substantial loss of USD -782.41 million in 2024—exceeding a 20% year-over-year change. This pattern suggests that while the company has been successful in growing revenue, shifts in cost structures, pricing pressures, or strategic investments may have significantly impacted profitability. Overall, although Endeavor Group Holdings exhibits robust revenue expansion within the competitive entertainment and sports industry, the recurring swings in operating and net income raise concerns about its financial sustainability. Continuous efforts to control costs and achieve stable margins will be imperative for a healthier long-term outlook.

This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.

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EDR Income Statement

Income Statement Snapshot

Income Statement Snapshot

Commentary on Endeavor Group Holdings, Inc. Performance

Commentary on Endeavor Group Holdings, Inc. Performance