Endeavor’s revenue increased by 7% and adjusted EBITDA rose by 5% in the fourth quarter. This was likely the company’s last report as a publicly traded entity before Silver Lake takes it private. The deal is expected to close by the end of the first quarter. Despite the revenue growth, losses per share widened to 64 cents from 3 cents the previous year. Endeavor is selling assets like IMG, On Location, and the Professional Bull Riders to TKO Group Holdings, aiming to focus more on its representation business, which saw a 17% year-on-year revenue increase to $501.6 million. The growth in the representation segment was driven by WME’s talent, music, and sports divisions, although this was offset by declines in marketing, licensing, and fashion. Adjusted EBITDA for the representation business was $108.2 million, up 5% from the previous year.
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