Endeavor Group Holdings, Inc. (EDR) in Beverly Hills, Calif., is a global sports and entertainment company that operates in three segments: Owned Sports Properties; Events, Experiences & Rights; and Representation. Its wholly owned subsidiaries include event and media company IMG, the premier mixed martial arts organization UFC, and entertainment agency WMC.
EDR made its stock market debut through a traditional IPO listing on the Nasdaq Stock Exchange on its second attempt. The stock has gained 7.7% in price since listing, which is slightly lower than the benchmark S&P 500 index’s 9.8% gains over this period. EDR's shares have plummeted 14.9% in price year-to-date due to the market correction earlier this year. But stock has been rebounding as the markets stabilize, gaining marginally intraday to close yesterday’s trading session at $29.35.
