Endeavor (EDR) 10-Q 8 Nov 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2023	Oct. 31, 2023
Document Information [Line Items]
Document Type	10-Q
Document Period End Date	Sep. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	ENDEAVOR GROUP HOLDINGS, INC.
Entity Central Index Key	0001766363
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Securities Act File Number	001-40373
Entity Shell Company	false
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Address, State or Province	CA
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Class A Common Stock, par value $0.00001 per share
Trading Symbol	EDR
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, Address Line One	9601 Wilshire Boulevard
Entity Address, Address Line Two	3rd Floor
Entity Address, City or Town	Beverly Hills
Entity Address, Postal Zip Code	90210
Entity Tax Identification Number	83-3340169
City Area Code	310
Local Phone Number	285-9000
Common Class A [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		300,472,993
Common Class X [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		167,250,856
Common Class Y [Member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		226,211,475

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 1,337,665	$ 767,828
Restricted cash	310,667	278,165
Accounts receivable (net of allowance for doubtful accounts of $54,286 and $54,766, respectively)	1,083,125	917,000
Deferred costs	512,164	268,524
Assets held for sale	7,500	12,013
Other current assets	436,016	293,206
Total current assets	3,687,137	2,536,736
Property and equipment, net	891,323	696,302
Operating lease right-of-use assets	330,429	346,550
Intangible assets, net	5,342,618	2,205,583
Goodwill	10,119,121	5,284,697
Investments	386,994	336,973
Deferred income taxes	569,065	771,382
Other assets	574,938	325,619
Total assets	21,901,625	12,503,842
Current Liabilities:
Accounts payable	590,078	600,605
Accrued liabilities	707,219	525,239
Current portion of long-term debt	63,013	88,309
Current portion of operating lease liabilities	73,293	65,381
Deferred revenue	751,313	716,147
Deposits received on behalf of clients	293,304	258,414
Liabilities held for sale	0	2,672
Current portion of tax receivable agreement liability	156,514	50,098
Other current liabilities	288,084	107,675
Total current liabilities	2,922,818	2,414,540
Long-term debt	4,983,404	5,080,237
Long-term operating lease liabilities	301,101	327,888
Long-term tax receivable agreement liability	871,922	961,623
Deferred tax liabilities	561,250	171,571
Other long-term liabilities	391,407	241,411
Total liabilities	10,031,902	9,197,270
Commitments and contingencies (Note 17)
Redeemable non-controlling interests	223,514	253,079
Shareholders' Equity:
Additional paid-in capital	4,849,404	2,120,794
Accumulated deficit	(52,235)	(216,219)
Accumulated other comprehensive loss	(34,100)	(23,736)
Members' Equity:
Total Endeavor Group Holdings, Inc. shareholders' equity	4,763,075	1,880,844
Nonredeemable non-controlling interests	6,883,134	1,172,649
Total shareholders' equity	11,646,209	3,053,493
Total liabilities, redeemable interests and shareholders' equity	21,901,625	12,503,842
Common Class A [Member]
Shareholders' Equity:
Common stock value	3	2
Common Class B [Member]
Shareholders' Equity:
Common stock value	0	0
Common Class C [Member]
Shareholders' Equity:
Common stock value	0	0
Common Class X [Member]
Shareholders' Equity:
Common stock value	1	1
Common Class Y [Member]
Shareholders' Equity:
Common stock value	$ 2	$ 2

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Net of allowance for doubtful accounts	$ 54,286	$ 54,766
Common Class A [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	300,309,972	290,541,729
Common Stock, shares outstanding	300,309,972	290,541,729
Common Class B [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	0	0
Common Stock, shares outstanding	0	0
Common Class C [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	5,000,000,000	5,000,000,000
Common stock, shares issued	0	0
Common Stock, shares outstanding	0	0
Common Class X [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	4,983,448,411	4,987,036,068
Common stock, shares issued	171,330,617	182,077,479
Common Stock, shares outstanding	171,330,617	182,077,479
Common Class Y [Member]
Common stock, par value	$ 0.00001	$ 0.00001
Common stock, shares authorized	989,681,838	997,261,325
Common stock, shares issued	226,211,475	227,836,134
Common Stock, shares outstanding	226,211,475	227,836,134

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue	$ 1,344,395	$ 1,221,416	$ 4,377,444	$ 4,007,694
Operating expenses:
Direct operating costs	487,886	398,518	1,796,182	1,601,544
Selling, general and administrative expenses	715,231	601,469	2,017,115	1,729,174
Insurance recoveries	0	0	0	(993)
Depreciation and amortization	81,207	63,571	209,036	195,177
Impairment charges	28,196	689	28,196	689
Total operating expenses	1,312,520	1,064,247	4,050,529	3,525,591
Operating income	31,875	157,169	326,915	482,103
Other (expense) income:
Interest expense, net	(81,956)	(75,608)	(257,360)	(197,385)
Tax receivable agreement liability adjustment	(20,297)	(10,405)	(7,779)	(61,497)
Other (expense) income, net	(12,863)	9,325	753,227	463,133
(Loss) income before income taxes and equity losses of affiliates	(83,241)	80,481	815,003	686,354
Provision for (benefit from) income taxes	29,995	8,515	205,906	(6,020)
(Loss) income before equity losses of affiliates	(113,236)	71,966	609,097	692,374
Equity losses of affiliates, net of tax	(2,748)	(84,504)	(22,291)	(145,026)
Net (loss) income	(115,984)	(12,538)	586,806	547,348
Less: Net (loss) income attributable to non-controlling interests	(46,776)	(2,499)	244,809	212,035
Net (loss) income attributable to Endeavor Group Holdings, Inc.	$ (69,208)	$ (10,039)	$ 341,997	$ 335,313
Basic (loss) earnings per share	$ (0.23)	$ (0.04)	$ 1.14	$ 1.22
Diluted (loss) earnings per share	$ (0.25)	$ (0.04)	$ 1.12	$ 1.19
Weighted Average Number of Shares Outstanding, Basic	301,876,322	285,870,317	298,311,200	278,724,574
Weighted Average Number of Shares Outstanding, Diluted	300,640,142	289,806,633	301,305,267	450,758,061

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ (115,984)	$ (12,538)	$ 586,806	$ 547,348
Change in unrealized gains/losses on cash flow hedges:
Unrealized losses on forward foreign exchange contracts	0	(1,023)	0	(1,036)
Reclassification of gains to net (loss) income for forward foreign exchange contracts	0	(38)	0	(824)
Unrealized gains on interest rate swaps	6,353	45,083	24,384	107,308
Reclassification of (gains) losses to net (loss) income for interest rate swaps	(16,330)	5	(42,687)	14,497
Foreign currency translation adjustments	(43,030)	(42,890)	(1,714)	(82,716)
Reclassification of foreign currency translation losses (gains) to net (loss) income for business divestiture	0	0	3,270	(127)
Total comprehensive (loss) income, net of tax	(168,991)	(11,401)	570,059	584,450
Less: Comprehensive (loss) income attributable to non-controlling interests	(65,573)	(2,084)	238,085	226,299
Comprehensive (loss) income attributable to Endeavor Group Holdings, Inc.	$ (103,418)	$ (9,317)	$ 331,974	$ 358,151

Consolidated Statements of Rede

Consolidated Statements of Redeemable Interests and Shareholders'/Members' Equity (Unaudited) - USD ($) $ in Thousands	Total	Accumulated Other Comprehensive Income (Loss) [Member]	Parent [Member]	Additional Paid-in Capital [Member]	Retained Earnings (Accumulated Deficit) [Member]	Redeemable Stock [Member] Noncontrolling Interest [Member]	Nonredeemable Non-controlling Interests [Member] Noncontrolling Interest [Member]	Common Class A [Member]	Class X Common Stock [Member]	Class Y Common Stock [Member]
Beginning balance at Dec. 31, 2021	$ 2,121,463	$ (80,535)	$ 1,247,046	$ 1,624,201	$ (296,625)	$ 209,863	$ 874,417	$ 2	$ 1	$ 2
Beginning Balance (shares) at Dec. 31, 2021								265,553,327	186,222,061	238,154,296
Comprehensive income (loss)	580,654	22,838	358,151		335,313	3,796	222,503
Equity-based compensation	156,042		135,552	135,552		(2,276)	20,490
Issuance of Class A common stock due to exchanges								11,645,986	(11,746,012)	(8,278,648)
Issuance of Class A common stock due to releases of RSUs								2,678,113
Distributions	(26,282)						(26,282)
Accretion of redeemable non- controlling interests	(83,848)		(83,848)	(35,121)	(48,727)	83,848
Issuance of Class A common stock due to an acquisition shares								3,266,646
Issuance of Class A common stock due to an acquisition	70,254		70,254	70,254
Establishment and acquisition of non-controlling interests	346,495		211,405	211,405		(40,532)	135,090
Establishment and acquisition of non-controlling interests shares								6,186,832	8,697,379
Non-controlling interests for sale of businesses	3,240						3,240
Equity reallocation between controlling and non-controlling interests		(3,526)	51,124	54,650			(51,124)
Tax receivable agreements in connection with exchanges	819		819	819
Ending balance at Sep. 30, 2022	3,168,837	(61,223)	1,990,503	2,061,760	(10,039)	254,699	1,178,334	$ 2	$ 1	$ 2
Ending Balance (shares) at Sep. 30, 2022								289,330,904	183,173,428	229,875,648
Beginning balance at Jun. 30, 2022	3,076,719	(61,265)	1,900,791	1,962,051	0	48,630	1,175,928	$ 2	$ 1	$ 2
Beginning Balance (shares) at Jun. 30, 2022								285,731,884	183,897,784	235,001,875
Comprehensive income (loss)	(10,480)	722	(9,317)		(10,039)	(921)	(1,163)
Equity-based compensation	45,127		43,754	43,754			1,373
Issuance of Class A common stock due to exchanges								658,573	(724,356)	(5,126,227)
Issuance of Class A common stock due to releases of RSUs								70,718
Distributions	(329)						(329)
Accretion of redeemable non- controlling interests	3,160		3,160	3,160		(3,160)
Issuance of Class A common stock due to an acquisition shares								2,869,729
Issuance of Class A common stock due to an acquisition	59,240		59,240	59,240
Establishment and acquisition of non-controlling interests						210,150
Non-controlling interests for sale of businesses	(4,644)						(4,644)
Equity reallocation between controlling and non-controlling interests		(680)	(7,169)	(6,489)			7,169
Tax receivable agreements in connection with exchanges	44		44	44
Ending balance at Sep. 30, 2022	3,168,837	(61,223)	1,990,503	2,061,760	(10,039)	254,699	1,178,334	$ 2	$ 1	$ 2
Ending Balance (shares) at Sep. 30, 2022								289,330,904	183,173,428	229,875,648
Beginning balance at Dec. 31, 2022	3,053,493	(23,736)	1,880,844	2,120,794	(216,219)	253,079	1,172,649	$ 2	$ 1	$ 2
Beginning Balance (shares) at Dec. 31, 2022								290,541,729	182,077,479	227,836,134
Comprehensive income (loss)	557,602	(10,023)	331,974		341,997	12,457	225,628
Equity-based compensation	211,536		168,922	168,922		(1,527)	42,614
Issuance of Class A common stock due to exchanges								10,775,321	(10,746,862)	(1,624,659)
Issuance of Class A common stock due to exchanges	(1)		(1)					$ (1)
Issuance of Class A common stock due to releases of RSUs								5,222,467
Exercise of stock options,Shares								5,729
Exericse of stock options	132		132	132
Repurchase of Class A common stock, Shares								(6,533,279)
Repurchase of Class A common stock	(200,000)		(200,000)	40,000	(160,000)
Distributions	(51,638)					(7,917)	(51,638)
Dividends	(27,407)		(18,013)		(18,013)		(9,394)
Accretion of redeemable non- controlling interests	6,465		6,465	6,465		6,465
Issuance of Class A common stock due to an acquisition shares								32,673
Issuance of Class A common stock due to an acquisition	781		781	781
Acquisition of non-controlling interests	(29,358)		(18,855)	(18,855)		(17,286)	(10,503)
Acquisition of non-controlling interests shares								265,332
Effects of acquisition and reorganization due to TKO Transactions	8,131,871		2,518,087	2,518,087			5,613,784
Non-controlling interests for sale of businesses	(86)					(8,827)	(86)
Equity reallocation between controlling and non-controlling interests		(341)	99,920	100,261			(99,920)
Equity impact of tax receivable agreement and deferred taxes arising from EOC units and Endeavor Manager units exchanges	(7,183)		(7,183)	(7,183)
Ending balance at Sep. 30, 2023	11,646,209	(34,100)	4,763,075	4,849,404	(52,235)	223,514	6,883,134	$ 3	$ 1	$ 2
Ending Balance (shares) at Sep. 30, 2023								300,309,972	171,330,617	226,211,475
Beginning balance at Jun. 30, 2023	3,865,858	36	2,504,348	2,309,320	194,986	231,340	1,361,510	$ 3	$ 1	$ 2
Beginning Balance (shares) at Jun. 30, 2023								302,912,176	174,400,744	227,073,690
Comprehensive income (loss)	(162,515)	(34,210)	(103,418)		(69,208)	(6,476)	(59,097)
Equity-based compensation	63,883		41,594	41,594			22,289
Issuance of Class A common stock due to exchanges								3,072,693	(3,070,127)	(862,215)
Issuance of Class A common stock due to releases of RSUs								852,653
Exercise of stock options,Shares								5,729
Exericse of stock options	132		132	132
Repurchase of Class A common stock, Shares								(6,533,279)
Repurchase of Class A common stock	(200,000)		(200,000)	40,000	(160,000)
Distributions	(24,549)					(1,350)	(24,549)
Dividends	(27,407)		(18,013)		(18,013)		(9,394)
Effects of acquisition and reorganization due to TKO Transactions	8,131,871		2,518,087	2,518,087			5,613,784
Equity reallocation between controlling and non-controlling interests		74	21,409	21,335			(21,409)
Equity impact of tax receivable agreement and deferred taxes arising from EOC units and Endeavor Manager units exchanges	(1,064)		(1,064)	(1,064)
Ending balance at Sep. 30, 2023	$ 11,646,209	$ (34,100)	$ 4,763,075	$ 4,849,404	$ (52,235)	$ 223,514	$ 6,883,134	$ 3	$ 1	$ 2
Ending Balance (shares) at Sep. 30, 2023								300,309,972	171,330,617	226,211,475

Consolidated Statements of Re_2

Consolidated Statements of Redeemable Interests and Shareholders'/Members' Equity (Unaudited) (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Dividends, per share	$ 0.06	$ 0.06

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 586,806	$ 547,348
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	209,036	195,177
Amortization and write-off of original issue discount and deferred financing cost	13,961	16,986
Amortization of content costs	32,752	18,535
Impairment charges	28,196	689
Net gain on sale/disposal and impairment of assets	(1,100)	(607)
Gain on business divestiture	(750,398)	(506,953)
Equity-based compensation expense	202,555	159,851
Change in fair value of contingent liabilities	(163)	2,243
Change in fair value of equity investments with and without readily determinable fair value	(812)	(13,833)
Change in fair value of financial instruments	(49,110)	20,793
Equity losses of affiliates	22,291	145,026
Net (benefit from) provision for allowance for doubtful accounts	(283)	12,173
Net (gain) loss on foreign currency transactions	(11,795)	28,353
Distributions from affiliates	3,977	5,205
Tax receivable agreement liability adjustment	7,779	61,497
Income taxes	175,640	(29,024)
Other, net	2,854	(869)
Changes in operating assets and liabilities - net of acquisitions and divestitures:
Increase in receivables	(57,977)	(299,431)
Increase in other current assets	(75,660)	(51,176)
Decrease/(increase) in other assets	(42,023)	(39,479)
(Increase)/decrease in deferred costs	(174,636)	2,964
Increase/(decrease) in deferred revenue	20,180	(43,626)
Increase in accounts payable and accrued liabilities	88,353	92,752
Decrease in tax receivable agreement liability	(12,559)	0
(Decrease)/increase in other liabilities	69,977	80,575
Net cash provided by operating activities	287,841	405,169
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions, net of cash acquired	(16,414)	(1,434,518)
Purchases of property and equipment	(164,715)	(94,757)
Proceeds from business divestiture, net of cash sold	1,076,737	910,845
Proceeds from sale of assets	9,515	3,448
Investments in affiliates	(104,172)	(46,730)
Other, net	2,359	663
Net cash provided by (used in) investing activities	803,310	(661,049)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings	73,163	10,033
Payments on borrowings	(173,794)	(324,017)
Payments under tax receivable agreement	(37,534)	0
Distributions	(59,555)	(26,283)
Repurchase of Class A common stock	(200,000)	0
Dividends	27,407	0
Redemption payments related to pre-IPO units	(1,500)	(7,765)
Acquisition of non-controlling interests	(43,804)	92,487
Payments of contingent and deferred consideration related to acquisitions	(18,953)	(11,644)
Other, net	(438)	(982)
Net cash used in financing activities	(489,822)	(268,171)
Change in cash, cash equivalents and restricted cash balances held for sale	4,062	25,952
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(3,052)	(29,952)
Increase (decrease) in cash, cash equivalents and restricted cash	602,339	(528,051)
Cash, cash equivalents and restricted cash at beginning of year	1,045,993	1,793,036
Cash, cash equivalents and restricted cash at end of period	$ 1,648,332	$ 1,264,985

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
	Sep. 12, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (45,000)	$ (69,208)	$ (10,039)	$ 341,997	$ 335,313

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2023 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Item 5. Other Information (a) We are reporting the following information in lieu of reporting on a Current Report on Form 8-K under Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Jason Lublin, Chief Financial Officer On November 3, 2023, the employment agreement, dated as of April 19, 2021, as amended on February 23, 2023, with Jason Lublin, our Chief Financial Officer, was amended to extend his term of employment and the applicable terms and conditions of his employment for an additional two years, such that they will now expire on May 3, 2026 (the "Amendment"). The foregoing summary of the Amendment is not complete and is qualified in its entirety by reference to the Amendment, a copy of which is attached hereto as Exhibit 10.5 and incorporated herein by reference. (b) None (c) During the three months ended September 30, 2023, the following directors and "officers" (as defined in Rule 16a-1(f) under the Exchange Act) of the Company adopted , modified or terminated "Rule 10b5-1 trading arrangements" and/or "non-Rule 10b5-1 trading arrangements" (each as defined in Item 408 of Regulation S-K). Ariel Emanuel, Chief Executive Officer and Director On August 31, 2023 , Mr. Emanuel adopted a Rule 10b5-1 trading arrangement for the sale of up to 1,200,000 shares of Class A common stock, which has a plan end date of November 29, 2024.
Rule 10b5-1 Arrangement Adopted	true
Non-Rule 10b5-1 Arrangement Adopted	true
Rule 10b5-1 Arrangement Terminated	true
Non-Rule 10b5-1 Arrangement Terminated	true
Mr. Emanuel
Trading Arrangements, by Individual
Name	Mr. Emanuel
Title	Chief Executive Officer and Director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	August 31, 2023
Aggregate Available	1,200,000

DESCRIPTION OF BUSINESS AND ORG

DESCRIPTION OF BUSINESS AND ORGANIZATION	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND ORGANIZATION	1. DESCRIPTION OF BUSINESS AND ORGANIZATION Endeavor Group Holdings, Inc. (the "Company" or "EGH") was incorporated as a Delaware corporation in January 2019. The Company was formed as a holding company for the purpose of completing an initial public offering ("IPO") and other related transactions in order to carry on the business of Endeavor Operating Company, LLC (d.b.a. Endeavor) and its subsidiaries (collectively, "Endeavor" or "EOC"). As the sole managing member of Endeavor Manager, LLC ("Endeavor Manager"), which in turn is the sole managing member of EOC, the Company operates and controls all the business and affairs of Endeavor, and through Endeavor and its subsidiaries, conducts the Company’s business. The Company is a global sports and entertainment company.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2023
Subsidiary or Equity Method Investee [Line Items]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for reporting interim financial information and should be read in conjunction with the Company’s consolidated financial statements and accompanying footnotes in our Annual Report on Form 10-K for the year ended December 31, 2022. Certain information and note disclosures normally included in the annual financial statements have been condensed or omitted from these interim financial statements. The interim consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 are unaudited; however, in the opinion of management, such interim consolidated financial statements reflect all adjustments, consisting solely of normal and recurring adjustments, necessary for a fair statement of its financial position, results of operations and cash flows for the interim periods presented. Certain prior year amounts were reclassified to conform to the current year presentation, including impacts for changes in the Company’s reportable segments as described in Note 16 . Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying disclosures. Significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, allowance for doubtful accounts, the fair value of acquired assets and liabilities associated with acquisitions, the fair value of the Company’s reporting units and the assessment of goodwill, other intangible assets and long-lived assets for impairment, consolidation, investments, redeemable non-controlling interests, the fair value of equity-based compensation, tax receivable agreement ("TRA") liability, income taxes and contingencies. Management evaluates these estimates using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s consolidated financial statements in future periods.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2023
Accounting Changes and Error Corrections [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	3. RECENT ACCOUNTING PRONOUNCEMENTS Recently Adopted Accounting Pronouncements In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. This ASU clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets, expanding the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance on troubled debt restructurings (TDRs) for creditors in ASC 310-40 and amends the guidance on "vintage disclosures" to require disclosure of current-period gross write-offs by year of origination. The ASU also updates the requirements related to accounting for credit losses under ASC 326 and adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. For entities that have already adopted ASU 2016-13, which the Company has, the amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In September 2022, the FASB issued ASU 2022-04, Liabilities–Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU enhances the transparency of supplier finance programs. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In December 2022, the FASB issued ASU 2022-05, Transition for Sold Contracts. This ASU amends the transition guidance in ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts, to make targeted improvements to its guidance on long-duration contracts issued by an insurance entity. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. Adoption of the expedients and exceptions was permitted upon issuance of this update through December 31, 2022. However, in December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848, in order to defer the sunset date of ASC 848 until December 31, 2024. The Company adopted this guidance on April 1, 2023 with no material effect on the Company’s financial position or results of operations. In July 2023, the FASB issued ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718). This ASU amends or supersedes various SEC paragraphs within the FASB Accounting Standards Codification to conform to past SEC announcements and guidance issued by the SEC. The Company adopted this guidance on July 1, 2023 with no material effect on the Company’s financial position or results of operations. Recently Issued Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of that security. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements. This ASU amends certain provisions in Topic 842, Leases, that apply to arrangements between related parties under common control. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In March 2023, the FASB issued ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force). This ASU allows a reporting entity to elect to account for its tax equity investments by using the proportional amortization method regardless of the program from which it receives income tax credits, provided certain conditions are met. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In August 2023, the FASB issued ASU 2023-05, Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. This ASU addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The amendments in this update are effective to all joint venture formations with a formation date on or after January 1, 2025. The Company is in the process of assessing the impact of this ASU on its consolidated financial statements. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The effective dates of this ASU depend on the specific codification subtopic and the date on which the SEC’s removal of that related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited. The Company is in the process of assessing the impact of this ASU on its consolidated financial statements.

ACQUISITIONS AND DIVESTITURE

ACQUISITIONS AND DIVESTITURE	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
ACQUISITIONS AND DIVESTITURES	4. ACQUISITIONS AND DIVESTITURES 2023 ACQUISITIONS World Wrestling Entertainment On September 12, 2023, the Company completed the transactions involving the business combination of World Wrestling Entertainment, Inc. ("WWE"), which is a media and entertainment company, and TKO Operating Company ("TKO OpCo"), which owns and operates the Ultimate Fighting Championship ("UFC") (the "Transactions"). As part of the Transactions, among other things, a new, publicly listed company, TKO Group Holdings, Inc. ("TKO"), was formed. Upon closing, Endeavor holds a controlling interest in TKO, which became a consolidated subsidiary of the Company. As a result of the Transactions, (A) EGH and/or its subsidiaries received (1) a 51.0 % controlling non-economic voting interest in TKO on a fully-diluted basis and (2) a 51.0 % economic interest on a fully-diluted basis in the operating subsidiary, TKO OpCo, which owns all of the assets of the UFC and WWE businesses after the closing of the Transactions, and (B) the stockholders of WWE received (1) a 49.0 % voting interest in TKO on a fully-diluted basis and (2) a 100 % economic interest in TKO, which in turn holds a 49.0 % economic interest in TKO OpCo on a fully-diluted basis. WWE is an integrated media and entertainment company that has been involved in the sports entertainment business for four decades. WWE is principally engaged in the production and distribution of unique and creative content through various channels, including content rights agreements for its flagship programs, Raw and SmackDown , premium live event programming, monetization across social media outlets, live events, and licensing of various WWE themed products. The purchase price was $ 8.4 billion, which consisted of 83,161,123 shares of TKO Class A common stock valued at $ 8.0 billion, cash consideration of $ 321.0 million and replacement awards valued at $ 49.3 million. The cash consideration was paid after closing in September in the form of a dividend. The replacement awards consisted of the WWE restricted stock units and performance stock units outstanding immediately prior to the closing of the Transactions that converted into awards of TKO restricted stock units and performance stock units, respectively, on the same terms and conditions as were applicable immediately prior to the closing of the Transactions. The portion of the fair-value-based measure of the replacement awards that was attributable to pre-combination vesting was purchase consideration. The Company incurred $ 87.5 million in transaction related costs, including transaction bonuses, in connection with this acquisition. The costs were expensed as incurred and included in selling, general and administrative expenses in the consolidated statement of operations. The goodwill for the WWE business combination was assigned to the Owned Sports Properties segment. The goodwill is not deductible for tax purposes. The weighted average life of finite-lived intangible assets acquired as part of the WWE business combination is 20.2 years. The results of WWE have been included in the consolidated financial statements since the date of acquisition. For the nine months ended September 30, 2023, the consolidated revenue and net loss attributable to WWE and included in the consolidated statement of operations from the acquisition date were $ 51.5 million and $ 45.0 million, respectively. Preliminary Allocation of Purchase Price The acquisition was accounted for as a business combination and the preliminary fair values of the assets acquired and liabilities assumed in the business combination are as follows (in thousands): WWE Cash and cash equivalents $ 381,153 Accounts receivable 105,237 Assets held for sale 7,500 Other current assets 89,885 Property and equipment 392,077 Right of use assets 12,690 Investments 12,007 Other assets 263,288 Intangible assets: Trade Names 2,188,500 Customer Relationships 935,700 Internally developed technology 30,000 Other 98,300 Goodwill 5,041,414 Accounts payable and accrued expenses ( 123,858 ) Operating lease liability ( 12,696 ) Deferred revenue ( 54,190 ) Deferred tax liabilities ( 677,880 ) Debt ( 16,934 ) Other liabilities ( 240,132 ) Net assets acquired $ 8,432,061 The estimated fair values of assets acquired and liabilities assumed are preliminary and subject to change as we finalize purchase price allocations, which is expected within one year of the acquisition date. As of September 30, 2023, WWE had finance lease right of use assets of $ 236.3 million, finance lease short term liabilities of $ 6.4 million, and finance lease long term liabilities of $ 233.0 million recorded in other assets, other current liabilities, and other long-term liabilities in the consolidated balance sheet. Unaudited Pro Forma Financial Information The following unaudited pro forma financial information presents the Company’s financial results as if the WWE acquisition had occurred as of January 1, 2022 (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Pro forma revenue $ 1,573,901 $ 1,519,888 $ 5,312,339 $ 4,965,213 Pro forma net (loss) income ( 22,568 ) ( 50,772 ) 650,193 132,456 The pro forma information includes the historical results of WWE prior to the Transactions and adjustments directly attributable to the business combination. Pro forma adjustments are primarily related to the nonrecurring transaction costs incurred in connection with the Transactions, incremental intangible asset amortization to be incurred based on the fair values and useful lives of each intangible asset, incremental compensation expense for two key executives, including salaries, bonuses and TKO equity awards granted, and incremental equity-based compensation related to the WWE replacement awards. Other 2023 Acquisitions During the nine months ended September 30, 2023, the Company completed ten other acquisitions for a total purchase price of $ 105.6 million, which included cash of $ 89.0 million, contingent consideration with a fair value of $ 8.2 million, deferred purchase price of $ 7.6 million, and the issuance of EGH Class A common stock valued at $ 0.8 million. The Company recorded $ 50.7 million of goodwill and $ 58.2 million of intangible assets, of which the weighted average useful life ranges from 3.0 to 10.8 years. The goodwill was assigned to the Events, Experiences & Rights, Representation and Sports Data & Technology segments and is partially deductible for tax purposes. 2023 DIVESTITURE In the second quarter of 2023, the Company closed the sale of its IMG Academy business ("Academy"), which was an academic and sports training institute and provided recruiting and admissions services to high school student athletes and college athletic departments and admissions officers. The Company received cash proceeds of $ 1.1 billion and divested $ 38.6 million of cash and restricted cash. The Company recorded a net gain of $ 737.0 million, inclusive of $ 5.5 million of transaction costs, which were contingent on the sale closing, in other (expense) income, net during the nine months ended September 30, 2023. The Academy was included in the Company's Events, Experiences & Rights segment prior to the sale. 2022 ACQUISITIONS Diamond Baseball Holdings, Madrid Open, Barrett-Jackson, and OpenBet In January 2022, the Company acquired four additional Professional Development League clubs (the "PDL Clubs"), which were being operated under the Diamond Baseball Holdings ("DBH") umbrella. DBH supported the PDL Clubs' commercial activities, content strategy and media rights. The combined aggregate purchase price for these four additional PDL Clubs was $ 64.2 million. In September 2022, the Company sold the PDL Clubs. In April 2022, the Company acquired the Mutua Madrid Open tennis tournament and additional assets ("Madrid Open"), including the Acciona Open de España golf tournament, from Super Slam Ltd and its affiliates . The Company paid $ 386.1 million for consideration and transfer fees at closing, an additional $ 31.8 million of consideration is payable within two years of closing, of which half was paid in the quarter ended June 30, 2023, and $ 0.6 million of contingent consideration is payable within three years of closing. In August 2022, the Company acquired 55 % of Barrett-Jackson Holdings, LLC ("Barrett-Jackson"), which is engaged in the business of collector car auctions and sales as well as other collector car related events and experiences, in exchange for consideration having an aggregate value of $ 256.9 million. The aggregate consideration consisted of $ 244.4 million of cash and 563,935 newly-issued shares of the Company's Class A common stock valued at $ 12.5 million. In September 2022, the Company acquired the OpenBet business ("OpenBet") of Light & Wonder, Inc. (formerly known as Scientific Games Corporation) ("Light & Wonder"). OpenBet consists of companies that provide products and services to sports betting operators for the purposes of sports wagering. The Company paid consideration to Light & Wonder of $ 843.8 million, consisting of $ 797.1 million of cash and 2,305,794 newly-issued shares of the Company's Class A common stock valued at $ 46.7 million. The Company incurred $ 31.6 million in transaction related costs in connection with these acquisitions. The costs were expensed as incurred and included in selling, general and administrative expenses in the consolidated statements of operations. The goodwill for the PDL Clubs was assigned to the Owned Sports Properties segment and the goodwill for the Madrid Open, Barrett-Jackson, and OpenBet acquisitions was initially assigned to the Events, Experiences & Rights segment and OpenBet was reclassified to the Sports Data & Technology segment effective January 1, 2023. The goodwill is partially deductible for tax purposes. The weighted average life of finite-lived intangible assets acquired for these four PDL Clubs was 18.7 years and the intangibles acquired for Madrid Open are indefinite-lived. The intangibles acquired for Barrett-Jackson and OpenBet include both finite-lived intangibles, which have a weighted average life of 6.2 and 11.6 years, respectively, and indefinite-lived intangibles. Allocation of Purchase Price The acquisitions were accounted for as business combinations and the fair values of the assets acquired and liabilities assumed in the business combinations are as follows (in thousands): DBH Madrid Open Barrett-Jackson OpenBet Cash and cash equivalents $ — $ 18,659 $ 10,783 $ 49,795 Accounts receivable 89 2,123 1,706 50,170 Deferred costs — 1,124 — — Other current assets 491 470 1,386 12,237 Property and equipment 4,403 162 4,290 4,961 Right of use assets 7,270 — 6,828 8,401 Investments — — — 1,100 Deferred Income taxes — — — 1,281 Other assets 103 381 — 5,971 Intangible assets: Trade Names — — 120,900 67,000 Customer relationships 1,960 — 12,300 134,000 Internally developed software — — 1,300 139,000 Owned Events — 407,070 — — Other 35,410 — — 14,300 Goodwill 25,585 14,419 331,150 470,029 Accounts payable and accrued expenses ( 93 ) ( 1,609 ) ( 7,009 ) ( 13,324 ) Other current liabilities ( 56 ) — — ( 13,085 ) Operating lease liability ( 9,470 ) — ( 4,458 ) ( 8,401 ) Deferred revenue ( 1,455 ) ( 20,780 ) ( 667 ) ( 3,756 ) Debt — — ( 11,439 ) — Other liabilities — ( 3,508 ) — ( 75,892 ) Redeemable non-controlling interests — — ( 210,150 ) — Net assets acquired $ 64,237 $ 418,511 $ 256,920 $ 843,787 Other 2022 Acquisitions In May 2022, the Company completed an acquisition for a total purchase price of $ 15.6 million in return for a 73.5 % controlling interest. The Company paid $ 4.6 million in cash and issued 396,917 shares of EGH Class A common stock valued at $ 11.0 million. In September 2022, the Company completed another acquisition for a total purchase price of $ 3.9 million including contingent consideration with a fair value of $ 0.9 million. The Company recorded $ 13.8 million of goodwill and $ 4.2 million of intangible assets, of which the weighted average useful life ranges from 5 to 10 years. The goodwill for both acquisitions was assigned to the Events, Experiences & Rights segment and is partially deductible for tax purposes. 2022 DIVESTITURES Endeavor Content In February 2021, the Company signed a new franchise agreement and side letter (the "Franchise Agreements") directly with the Writer’s Guild of America East and the Writer’s Guild of America West (collectively, the "WGA"). These Franchise Agreements included terms that, among other things, prohibited the Company from (a) negotiating packaging deals after June 30, 2022 and (b) having more than a 20% non-controlling ownership or other financial interest in, or being owned or affiliated with any individual or entity that has more than a 20% non-controlling ownership or other financial interest in, any entity or individual engaged in the production or distribution of works written by WGA members under a WGA collective bargaining agreement. As a result, in the third quarter of 2021, the Company began marketing the restricted Endeavor Content business for sale. The sale of 80% of the restricted Endeavor Content business closed in January 2022. The Company received cash proceeds of $ 666.3 million and divested $ 16.6 million of cash and restricted cash on the date of sale. The retained 20% interest of the restricted Endeavor Content business is reflected as an equity method investment as of September 30, 2023 and December 31, 2022, and was valued at $ 196.3 million at the date of sale. The fair value of the retained 20% interest of the restricted Endeavor Content business was determined using the market approach. The key input assumption was the transaction price paid for the Company's 80% interest in the restricted Endeavor Content business. The Company recorded a net gain of $ 463.6 million, inclusive of a $ 121.1 million gain related to the remeasurement of the retained interest in the restricted Endeavor Content business to fair value and $ 15.0 million of transaction costs, in other (expense) income, net during the nine months ended September 30, 2022. The restricted Endeavor Content business was included in the Company’s Representation segment prior to the sale. Diamond Baseball Holdings In September 2022, the Company closed the sale of the ten PDL Clubs that operated under the DBH umbrella to Silver Lake, stockholders of the Company, for an aggregate purchase price of $ 280.1 million in cash. The Comp any recorded a net gain of $ 23.3 million in other (expense) income, net during the nine months ended September 30, 2022. The business was included in the Company's Owned Sports Properties segment. 2022 HELD FOR SALE In the third quarter of 2022, the Company began marketing a business for sale and due to the progression of the sale process, determined that it met all of the criteria to be classified as held for sale as of December 31, 2022. This business is included in the Company's Events, Experiences & Rights reporting segment. The assets and liabilities of this business held for sale were $ 12.0 million and $ 2.7 million, respectively, as of December 31, 2022, which were not material to the Company’s overall financial position.

SUPPLEMENTARY DATA

SUPPLEMENTARY DATA	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SUPPLEMENTARY DATA	5. SUPPLEMENTARY DATA Accrued Liabilities The following is a summary of accrued liabilities (in thousands): September 30, December 31, 2023 2022 Accrued operating expenses $ 325,027 $ 254,737 Payroll, bonuses and benefits 269,461 176,315 Other 112,731 94,187 Total accrued liabilities $ 707,219 $ 525,239 Allowance for Doubtful Accounts The changes in the allowance for doubtful accounts are as follows (in thousands): Balance at Additions/Charged Balance at Beginning to Costs and Foreign End of of Year Expenses, Net Deductions Exchange Divestitures Period Nine Months Ended September 30, 2023 $ 54,766 $ 17,782 $ ( 11,266 ) $ ( 197 ) $ ( 6,799 ) $ 54,286 Supplemental Cash Flow The Company’s supplemental cash flow information is as follows (in thousands): Nine Months Ended September 30, 2023 2022 Supplemental information: Cash paid for interest $ 254,685 $ 160,217 Cash payments for income taxes 55,227 33,309 Non-cash investing and financing activities: Capital expenditures included in accounts payable and accrued liabilities $ 33,457 $ 8,037 Contingent consideration provided in connection with acquisitions 8,160 1,500 Establishment and acquisition of non-controlling interests 6,331 414,985 Accretion of redeemable non-controlling interests ( 6,465 ) 83,849 Investment in affiliates retained from a business divestiture — 202,220 Deferred consideration in connection with acquisitions 6,567 31,770 Issuance of Class A common stock due to an acquisition 781 70,254 Acquisition of WWE, net of deferred consideration 8,111,055 — Items arising from EOC units and Endeavor Manager units exchanges: Establishment of liabilities under tax receivable agreement 59,028 4,639 Deferred tax asset 51,845 5,458

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	6. GOODWILL AND INTANGIBLE ASSETS Goodwill The changes in the carrying value of goodwill are as follows (in thousands): Owned Sports Properties Events, Experiences & Rights Representation Sports Data & Technology Total Balance — December 31, 2022 $ 2,674,038 $ 2,112,403 $ 498,256 $ — $ 5,284,697 Acquisitions 5,041,414 20,465 18,064 12,258 5,092,201 Reclassification — ( 607,427 ) — 607,427 — Impairment — ( 14,496 ) — — ( 14,496 ) Foreign currency translation and other — 747 ( 414 ) ( 8,238 ) ( 7,905 ) Divestiture — ( 235,376 ) — — ( 235,376 ) Balance — September 30, 2023 $ 7,715,452 $ 1,276,316 $ 515,906 $ 611,447 $ 10,119,121 The reclassification of goodwill during the nine months ended September 30, 2023 reflects the relative fair value allocation of the goodwill related to the businesses that were reclassified into the new segment, Sports Data & Technology, as described in Note 16 . Intangible Assets The following table summarizes information relating to the Company’s identifiable intangible assets as of September 30, 2023 (in thousands): Weighted Average Gross Accumulated Carrying Amortized: Trade names 22.5 $ 3,225,437 $ ( 389,746 ) $ 2,835,691 Customer and client relationships 8.6 2,415,187 ( 1,119,646 ) 1,295,541 Internally developed technology 6.3 308,481 ( 95,213 ) 213,268 Other 4.0 148,805 ( 46,162 ) 102,643 $ 6,097,910 $ ( 1,650,767 ) $ 4,447,143 Indefinite-lived: Trade names 415,929 — 415,929 Owned events 14,387 — 14,387 Other 465,159 — 465,159 Total intangible assets $ 6,993,385 $ ( 1,650,767 ) $ 5,342,618 The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2022 (in thousands): Weighted Average Gross Accumulated Carrying Amortized: Trade names 17.1 $ 1,048,530 $ ( 343,895 ) $ 704,635 Customer and client relationships 6.9 1,464,584 ( 1,073,017 ) 391,567 Internally developed technology 6.5 276,094 ( 92,573 ) 183,521 Other 4.2 45,255 ( 44,654 ) 601 $ 2,834,463 $ ( 1,554,139 ) $ 1,280,324 Indefinite-lived: Trade names 447,559 — 447,559 Owned events 463,481 — 463,481 Other 14,219 — 14,219 Total intangible assets $ 3,759,722 $ ( 1,554,139 ) $ 2,205,583 Intangible asset amortization expense was $ 55.6 million and $ 39.1 million for the three months ended September 30, 2023 and 2022, respectively, and $ 135.7 million and $ 123.4 million for the nine months ended September 30, 2023 and 2022 , respectively. During the three and nine months ended September 30, 2023, the Company recorded a $ 13.7 million impairment charge for an indefinite-lived tradename.

INVESTMENTS

INVESTMENTS	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	7. INVESTMENTS The following is a summary of the Company’s investments (in thousands): September 30, December 31, 2023 2022 Equity method investments $ 189,380 $ 209,523 Equity investments without readily determinable fair values 197,349 127,297 Equity investments with readily determinable fair values 265 153 Total investments $ 386,994 $ 336,973 Equity Method Investments As of September 30, 2023 and December 31, 2022, the Company held various investments in non-marketable equity instruments of private companies. As of September 30, 2023, the Company’s equity method investments are primarily comprised of the restricted Endeavor Content business (now called Fifth Season) and Sports News Television Limited. The Company’s ownership of its equity method investments ranged from 6 % to 50 % as of September 30, 2023. In January 2022, in connection with the Company's sale of 80 % of the restricted Endeavor Content business, the Company retained 20 % ownership in the restricted Endeavor Content business (now called Fifth Season). The investment is accounted for as an equity method investment. The Company’s share of the net loss of Fifth Season for the three and nine months ended September 30, 2023 and 2022 was $4 .6 million, $ 19.7 million, $ 4.4 million and $ 9.5 million, respectively, and is recognized within equity losses of affiliates in the consolidated statements of operations. In September 2023, Learfield IMG College underwent a recapitalization transaction that resulted in the Company’s ownership interest in Learfield, the recapitalized Learfield IMG College, being reduced from approximately 42 % to approximately 1 %. Subsequent to the recapitalization transaction, the Company accounts for its interest in Learfield as an investment without readily determinable fair value. The Company’s share of the net loss of Learfield IMG College for the three and nine months ended September 30, 2023 was none , and for three and nine months ended September 30, 2022 was $ 78.7 million and $ 137.5 million, respectively, and is recognized within equity losses of affiliates in the consolidated statements of operations. The Company's share of the results of Learfield IMG College for the three and nine months ended September 30, 2022 included a $ 56.1 million charge as a result of its annual goodwill and indefinite lived intangibles asset impairment test, primarily due to continued losses. During the nine months ended September 30, 2023 , the Company recorded an other-than-temporary impairment of $ 9.2 million for one of its equity method investments. Equity Investments without Readily Determinable Fair Values As of September 30, 2023 and December 31, 2022, the Company held various investments in non-marketable equity instruments of private companies. The Company performed its assessment on its investments without readily determinable fair values and recorded an increase in fair value of none and $ 0.5 million for the three months ended September 30, 2023 and 2022 , respectively, and $ 0.7 million and $ 14.5 million for the nine months ended September 30, 2023 and 2022, respectively, in other (expense) income, net in the consolidated statements of operations. The net increases were due to observable price changes partially offset by impairments. For the three and nine months ended September 30, 2023 and the three and nine months ended September 30, 2022 , the Company sold investments for net proceeds of none , $ 2.3 million, $ 3.0 million, and $ 3.3 million, respectively, and a related gain of none , $ 1.1 million, $ 3.0 million and $ 3.3 million, respectively.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2023
Financial Instrument Disclosure [Abstract]
FINANCIAL INSTRUMENTS	8. FINANCIAL INSTRUMENTS The Company enters into forward foreign exchange contracts that economically hedge certain of its foreign currency risks, although hedge accounting does not apply or the Company elects not to apply hedge accounting. In addition, the Company enters into interest rate swaps to hedge certain of its interest rate risks on its debt. The Company monitors its positions with, and the credit quality of, the financial institutions that are party to its financial transactions. Prior to the sale of the restricted Endeavor Content business, the Company also entered into forward foreign exchange contracts to hedge its foreign currency exposures on future production expenses denominated in various foreign currencies (i.e., cash flow hedges). As of September 30, 2023 , the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 12 months from September 30, 2023) (in thousands except for exchange rates): Foreign Currency Foreign US Dollar Weighted Average British Pound Sterling £ 46,846 in exchange for $ 57,644 £ 0.81 Euro € 4,884 in exchange for $ 5,400 € 0.90 Singapore Dollar S$ 4,800 in exchange for $ 3,679 S$ 1.30 For forward foreign exchange contracts designated as cash flow hedges, the Company recognized net gains of $ 0.3 million in accumulated other comprehensive income (loss) for the nine months ended September 30, 2022 . The Company did no t recognize any gains or losses in accumulated other comprehensive income (loss) for the nine months ended September 30, 2023 and the three months ended September 30, 2023 and 2022. The Company reclassified net gains of $ 0.8 million into net income for the nine months ended September 30, 2022 in connection with the sale of the restricted Endeavor Content business and is included in the gain as described in Note 4. The Company did no t reclassify any gains or losses into net (loss) income for the nine months ended September 30, 2023 and for the three months ended September 30, 2023 and 2022. For forward foreign exchange contracts not designated as cash flow hedges, the Company recorded a net loss of $ 3.4 million and $ 4.3 million for the three months ended September 30, 2023 and 2022 , respectively, and a net gain (loss) of $ 3.0 million and $( 7.4 ) million for the nine months ended September 30, 2023 and 2022, respectively, in other (expense) income, net in the consolidated statements of operations. In certain circumstances, the Company enters into contracts that are settled in currencies other than the functional or local currencies of the contracting parties. Accordingly, these contracts consist of the underlying operational contract and an embedded foreign currency derivative element. Hedge accounting is not applied to the embedded foreign currency derivative element. The Company recorded a net gain (loss) of $ 1.0 million and $( 7.7 ) million for the three months ended September 30, 2023 and 2022, respectively, an d $ 1.2 million and $( 8.8 ) million for the nine months ended September 30, 2023 and 2022, respectively, in other (expense) income, net in the consolidated statements of operations. In addition, the Company has entered into interest rate swaps for portions of its 2014 Credit Facilities and other variable interest bearing debt and has designated them cash flow hedges. In June 2023, the Company executed amendments to transition the interest rate swaps on its 2014 Credit Facilities from LIBOR to Term Secured Overnight Financing Rate ("SOFR") with a new average fixed coupon of approximately 2.05 % for $ 1.5 billion of interest rate swaps and approximately 3.10 % for $ 750 million of interest rate swaps. For the three months ended September 30, 2023 and 2022 , the Company recorded gains of $ 6.4 m illion and $ 45.1 million in accumulated other comprehensive income (loss) and reclassified gains of $ 16.3 million and no ne into net income (loss), respectively. For the nine months ended September 30, 2023 and 2022 , the Company recorded gains of $ 24.4 million and $ 107.3 million in accumulated other comprehensive income (loss) and reclassified gains (losses) of $ 42.7 million and $( 12.4 ) million into net income (loss), respectively.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	9. FAIR VALUE MEASUREMENTS The fair value hierarchy is composed of the following three categories: Level 1 —Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 —Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Level 3 —Inputs to the valuation methodology are unobservable and significant to the fair value measurements. The following tables present, for each of the fair value hierarchy levels, the Company’s assets and liabilities that are measured at fair value on a recurring basis (in thousands): Fair Value Measurements as of September 30, 2023 Level I Level II Level III Total Assets: Investments in equity securities with readily determinable fair values $ 265 $ — $ — $ 265 Interest rate swaps — 53,657 — 53,657 Forward foreign exchange contracts — 656 — 656 Total $ 265 $ 54,313 $ — $ 54,578 Liabilities: Contingent consideration $ — $ — $ 9,485 $ 9,485 Forward foreign exchange contracts — 4,957 — 4,957 Total $ — $ 4,957 $ 9,485 $ 14,442 Fair Value Measurements as of December 31, 2022 Level I Level II Level III Total Assets: Investments in equity securities with readily determinable fair values $ 153 $ — $ — $ 153 Interest rate swaps — 75,865 — 75,865 Total $ 153 $ 75,865 $ — $ 76,018 Liabilities: Contingent consideration $ — $ — $ 4,524 $ 4,524 Forward foreign exchange contracts — 11,107 — 11,107 Total $ — $ 11,107 $ 4,524 $ 15,631 There have been no transfers of assets or liabilities between the fair value measurement classifications during the three and nine months ended September 30, 2023. Investments in Equity Securities with Readily Determinable Fair Values The estimated fair value of the Company’s equity securities with readily determinable fair values is based on observable inputs in an active market, which is a Level 1 measurement within the fair value hierarchy. Contingent Consideration The Company has recorded contingent consideration liabilities in connection with its acquisitions. Contingent consideration is included in current liabilities and other long-term liabilities in the consolidated balance sheets. Changes in fair value are recognized in selling, general and administrative expenses. The estimated fair value of the contingent consideration is based on significant inputs not observable in the market, which represents a Level 3 measurement within the fair value hierarchy. Foreign Currency Derivatives The Company classifies its foreign currency derivatives within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments (Note 8). As of September 30, 2023 and December 31, 2022 , the Company had $ 0.6 million and none in other current assets , $ 3.5 million and $ 6.0 million in other current liabilities , and $ 1.5 million and $ 5.1 million in other long-term liabilities, respectively, recorded in the consolidated balance sheets related to the Company’s foreign currency derivatives. Interest Rate Swaps The Company classifies its interest rate swaps within Level 2 as the valuation inputs are based on quoted prices and market observable data of similar instruments (Note 8). As of September 30, 2023 and December 31, 2022 , the Company had $ 53.7 million and $ 75.9 million in other assets, respectively, recorded in the consolidated balance sheets related to the Company’s interest rate swaps.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	10. DEBT The following is a summary of outstanding debt (in thousands): September 30, December 31, 2023 2022 2014 Credit Facilities: First Lien Term Loan (due May 2025 ) $ 2,251,947 $ 2,305,916 Zuffa Credit Facilities: Zuffa First Lien Term Loan (due April 2026 ) 2,736,517 2,759,767 Other debt ( 3.25 %- 14.50 % Notes due at various dates through 2033 ) 94,966 153,490 Total principal 5,083,430 5,219,173 Unamortized discount ( 12,642 ) ( 17,523 ) Unamortized issuance costs ( 24,371 ) ( 33,104 ) Total debt 5,046,417 5,168,546 Less: current portion ( 63,013 ) ( 88,309 ) Total long-term debt $ 4,983,404 $ 5,080,237 2014 Credit Facilities As of September 30, 2023 and December 31, 2022, the Company had $ 2.3 billion and $ 2.3 billion, respectively, outstanding under a credit agreement that was entered into in connection with the 2014 IMG acquisition (the "2014 Credit Facilities"). The 2014 Credit Facilities consist of a first lien secured term loan (the "First Lien Term Loan") and a $ 200.0 million secured revolving credit facility (the "Revolving Credit Facility"). In April 2023, the Company executed an amendment to the Revolving Credit Facility to extend the maturity by six months to November 18, 2024 and replaced the adjusted LIBOR reference rate with an adjusted Term Secured Overnight Financing Rate ("SOFR"). In June 2023, the Company executed an amendment of the First Lien Term Loan to replace the adjusted LIBOR reference rate with SOFR plus a credit spread adjustment (as defined in the credit agreement). In addition, in July 2023, the Company repaid $ 32.0 million of the First Lien Term Loan. The financial debt covenant of the 2014 Credit Facilities did not apply as of September 30, 2023 and December 31, 2022 as the Company had no borrowings outstanding under the Revolving Credit Facility. The Company had outstanding letters of credit under the 2014 Credit Facilities totaling $ 29.0 million and $ 19.4 million as of September 30, 2023 and December 31, 2022, respectively. Zuffa Credit Facilities As of September 30, 2023 and December 31, 2022 , the Company had $ 2.7 billion and $ 2.8 billion, respectively, outstanding under a credit agreement that was entered into in connection with the 2016 Zuffa acquisition (the "Zuffa Credit Facilities"). The Zuffa Credit Facilities consist of a first lien secured term loan (the "Zuffa First Lien Term Loan") and a secured revolving credit facility in an aggregate principal amou nt of $ 205.0 million, letters of credit in an aggregate face amount not in excess of $ 40.0 million and swingline loans in an aggregate principal amount not in excess of $ 15.0 million (collectively, the "Zuffa Revolving Credit Facility"). The Zuffa Credit Facilities are secured by liens on substantially all of the assets of Zuffa, including WWE. In April 2023, the C ompany executed an amendment on the Zuffa Revolving Credit Facility to extend the maturity by six months to October 29, 2024 and the adjusted LIBOR reference rate with SOFR. In June 2023, the Company executed an amendment of the Zuffa First Lien Term Loan to replace the adjusted LIBOR reference rate with SOFR plus a credit spread adjustment (as defined in the Zuffa credit agreement). The financial debt covenant of the Zuffa Credit Facilities did not apply as of September 30, 2023 and December 31, 2022 as TKO had no borrowings outstanding under the Zuffa Revolving Credit Facility. Under the Zuffa Credit Facilities, TKO had $ 10.0 m illion and no outstanding letters of credit as of September 30, 2023 and December 31, 2022, respectively. Other Debt On Location Revolver The On Location ("OL") revolving credit agreement contains a financial covenant that requires OL to maintain a First Lien Leverage Ratio of Consolidated First Lien Debt to Consolidated EBITDA, as defined in the credit agreement, of no more than 3 -to-1. The Company is only required to meet the First Lien Leverage Ratio if the sum of outstanding borrowings on the Revolving Credit Facility plus outstanding letters of credit excee ding $ 2.0 million that are not cash collateralized exceeds forty percent of the total Revolving Commitments as measured on a quarterly basis, as defined in the credi t agreement. The financial debt covenant of the OL Revolving Credit Facility did not apply as of September 30, 2023 and December 31, 2022 as OL's borrowings were less than forty percent. OL had no amounts outstanding under the revolving credit facility as of September 30, 2023 and December 31, 2022 . No letters of credit were outstanding under the revolving credit agreement as of September 30, 2023 and December 31, 2022. In June 2023, the Company executed an amendment of the OL Revolving Credit Facility to replace LIBOR with SOFR. In July 2023, the Company repaid $ 16.9 million for borrowings outstanding under the OL revolving credit agreement as well as paid $ 18.0 million outstanding under other debt arrangements. Receivables Purchase Agreement As of September 30, 2023 and December 31, 2022 , the debt outstanding under these arrangements was $ 4.7 million and $ 28.2 million, respectively. Zuffa Secured Commercial Loans As of September 30, 2023 and December 31, 2022, Zuffa was in compliance with its financial debt covenant under the Zuffa Secured Commercial Loans. 2014 Credit Facilities and Zuffa Credit Facilities The 2014 Credit Facilities and the Zuffa Credit Facilities restrict the ability of certain subsidiaries of the Company to make distributions and other payments to the Company. These restrictions do include exceptions for, among other things, (1) amounts necessary to make tax payments, (2) a limited annual amount for employee equity repurchases, (3) distributions required to fund certain parent entities, (4) other specific allowable situations and (5) a general restricted payment basket. As of September 30, 2023, EGH held long-term deferred tax benefits of $ 563.5 million, income taxes payable of $ 150.2 million and a TRA liability of $ 1,028.4 million, of which $ 156.5 million was classified as current and $ 871.9 million was classified as long-term. As of December 31, 2022 , EGH held long-term deferred income taxes of $ 756.4 million, as well as a TRA of $ 1,011.7 million, of which $ 50.1 million was classified as current and $ 961.6 million was classified as long-term. Otherwise, EGH has no material separate cash flows or assets or liabilities other than the investments in its subsidiaries. All its business operations are conducted through its operating subsidiaries; it has no material independent operations. EGH has no other material commitments or guarantees. As a result of the restrictions described above, substantially all of the subsidiaries’ net assets are effectively restricted in their ability to be transferred to EGH as of September 30, 2023 and December 31, 2022, respectively. As of September 30, 2023 and December 31, 2022, the Company’s First Lien Term Loan under the 2014 Credit Facilities and Zuffa’s First Lien Term Loan under its Credit Facilities had an estima ted fair value of $ 5.0 billion and $ 5.0 billion , respectively. The estimated fair values of the Company’s First Lien Term Loan under the 2014 Credit Facilities and Zuffa’s First Lien Term Loan under its Credit Facilities are based on quoted market values for the debt. Since the First Lien Term Loan under the 2014 Credit Facilities and Zuffa’s First Lien Term Loan under its Credit Facilities do not trade on a daily basis in an active market, fair value estimates are based on market observable inputs based on quoted market prices and borrowing rates currently available for debt with similar terms and average maturities, which are classified as Level 2 under the fair value hierarchy.

SHAREHOLDERS' EQUITY

SHAREHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2023
Stockholders' Equity Note [Abstract]
SHAREHOLDERS' EQUITY	11. SHAREHOLDERS' EQUITY Stock Repurchases In May 2023, the Company approved an event-driven repurchase authorization that permits the Company to repurchase shares of our Class A common stock in an aggregate amount of up to $ 300.0 million, with the proceeds from the sale of the Academy. In September 2023, the Company expanded the repurchase authorization to also include repurchases of Endeavor Operating Company units. Any such repurchases may be made at any time and from time to time in the open market, by block purchases, in privately negotiated transactions or in such other manner as determined by the Company with the amount and timing of repurchases to be determined at the discretion of the Company's management, depending on market conditions and corporate needs. This share repurchase authorization has no expiration and may be modified, suspended or terminated at any time and does not obligate the Company to acquire any particular amount of shares. In August 2023, the Company entered into an accelerated share repurchase agreement with a financial institution. During the three and nine months ended September 30, 2023, the Company repurchased 6.5 million shares of its Class A common stock for an aggregate amount of $ 200.0 million under this share repurchase agreement. The accelerated share repurchase agreement was accounted for as a repurchase, which was recognized in accumulated deficit, and as an equity forward contract indexed to the Company’s Class A common stock. The equity forward contract was classified as an equity instrument and was recognized in additional paid in capital. The Company’s share repurchase program does not obligate the Company to acquire a minimum amount of shares. Under the program, shares may be repurchased in privately negotiated or open market transactions, including under plans complying with Rules 10b5-1 or 10b-18 under the Securities Exchange Act of 1934, as amended. In October 2023, the Company redeemed 4.0 million EOC common units for $ 93.6 million. Dividend In September 2023, the Company declared and paid a quarterly cash dividend of $ 27.4 million. The dividends were paid from Endeavor Operating Company to its common unit holders, including EGH, which, in turn, paid its portion as dividends to holders of shares of th e Company's Class A common stock. Nonredeemable Non-controlling Interests As discussed in Note 4, in September 2023, the Company completed the Transactions. As a result, (A) EGH and/or its subsidiaries received (1) a 51.0 % controlling non-economic voting interest in TKO on a fully-diluted basis and (2) a 51.0 % economic interest on a fully-diluted basis in TKO OpCo, and (B) the stockholders of WWE received (1) a 49.0 % voting interest in TKO on a fully-diluted basis and (2) a 100 % economic interest in TKO, which in turn holds a 49.0 % economic interest in TKO OpCo on a fully-diluted basis. The Company's nonredeemable non-controlling interests has been adjusted to reflect the Transactions.

REDEEMABLE NON CONTROLLING INTE

REDEEMABLE NON CONTROLLING INTERESTS	9 Months Ended
	Sep. 30, 2023
Temporary Equity Disclosure [Abstract]
REDEEMABLE NON-CONTROLLING INTERESTS	12. REDEEMABLE NON-CONTROLLING INTERESTS Barrett-Jackson In connection with the acquisition of Barrett-Jackson Holdings, LLC ("Barrett-Jackson") in August 2022, the terms of the agreement provide the sellers a put option to sell their remaining ownership to IMG Auction Company, LLC, a subsidiary of the Company. The first election is between April and July 2029 for 29.9 % of the total issued and outstanding units of Barrett-Jackson at that time and the second election is between April and July 2031 for any remaining ownership at that time. The purchase price of the put right is equal to Barrett- Jackson's EBITDA, as defined, multiplied by 13 . This redeemable non-controlling interest was recognized at the acquisition date at fair value of $ 210.1 million. As of September 30, 2023 and December 31, 2022 , the estimated redemption value was below the carrying value of $ 213.1 million and $ 207.9 million, respectively. Zuffa In July 2018, the Company received a contribution of $ 9.7 million from third parties (the "Russia Co-Investors") in a newly formed subsidiary of the Company (the "Russia Subsidiary") that was formed to expand the Company’s existing business in Russia and certain other countries in the Commonwealth of Independent States. The terms of this contribution provide the Russia Co-Investors with a put option to sell their ownership in the Russia Subsidiary five years and nine months after the consummation of the contribution. The purchase price of the put option is the greater of the total investment amount, defined as the Russia Co-Investors’ cash contributions less cash distributions, or fair value. As of September 30, 2023 and December 31, 2022, the estimated redemption value was $ 9.9 million and $ 9.7 million, respectively. Frieze In connection with the acquisition of Frieze in 2016, the terms of the agreement provided the sellers with a put option to sell their remaining 30 % interest after fiscal year 2020. The Company also had a call option to buy the remaining 30 % interest after fiscal year 2020 or upon termination of employment of the sellers who continued to be employees of Frieze after the acquisition. The price of the put and call option was equal to Frieze’s prior year’s EBITDA multiplied by 7.5 . In May 2023, the Company exercised its call option to purchase the remaining 30 % interest for $ 16.5 million.

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS PER SHARE	13. EARNINGS PER SHARE Earnings per share is calculated utilizing net income available to common stockholders of the Company divided by the weighted average number of shares of Class A Common Stock outstanding during the period. Diluted EPS is calculated by dividing the net income available for common stockholders by the diluted weighted average shares outstanding for that period. T he computation of basic and diluted earnings per share and weighted average shares of the Company’s common stock outstanding for the periods is presented below (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Basic (loss) earnings per share Numerator Consolidated net (loss) income $ ( 115,984 ) $ ( 12,538 ) $ 586,806 $ 547,348 Net (loss) income attributable to NCI (Endeavor Operating Company) ( 43,968 ) ( 1,879 ) 208,687 183,353 Net (loss) income attributable to NCI (Endeavor Manager) ( 2,808 ) ( 620 ) 36,122 28,682 Net (loss) income attributable to the Company ( 69,208 ) ( 10,039 ) 341,997 335,313 Adjustment to net (loss) income attributable to the Company — — ( 2,452 ) 4,348 Net (loss) income attributable to EGH common shareholders $ ( 69,208 ) $ ( 10,039 ) $ 339,545 $ 339,661 Denominator Weighted average Class A Common Shares outstanding - Basic 301,876,322 285,870,317 298,311,200 278,724,574 Basic (loss) earnings per share $ ( 0.23 ) $ ( 0.04 ) $ 1.14 $ 1.22 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Diluted (loss) earnings per share Numerator Consolidated net (loss) income $ ( 115,984 ) $ ( 12,538 ) $ 586,806 $ 547,348 Net (loss) income attributable to NCI (Endeavor Operating Company) ( 37,078 ) ( 1,879 ) 209,215 8,645 Net (loss) income attributable to NCI (Endeavor Manager) ( 2,808 ) ( 620 ) 37,372 — Net (loss) income attributable to the Company ( 76,098 ) ( 10,039 ) 340,219 538,703 Adjustment to net (loss) income attributable to the Company — ( 1,422 ) ( 2,452 ) ( 1,803 ) Net (loss) income attributable to EGH common shareholders $ ( 76,098 ) $ ( 11,461 ) $ 337,767 $ 536,900 Denominator Weighted average Class A Common Shares outstanding - Basic 301,876,322 285,870,317 298,311,200 278,724,574 Additional shares assuming exchange of all EOC Profits Units — — 828,375 1,884,386 Additional shares from RSUs, Stock Options and Phantom Units, as calculated using the treasury stock method — — 2,165,692 1,875,609 Additional shares assuming exchange of all Endeavor Operating Units and Endeavor Manager Units — — — 167,046,923 Additional shares assuming redemption of redeemable non-controlling interests — 3,936,316 — 1,226,569 Shares to be received under the accelerated share repurchase agreement ( 1,236,180 ) — — — Weighted average number of shares used in computing diluted (loss) earnings per share 300,640,142 289,806,633 301,305,267 450,758,061 Diluted (loss) earnings per share $ ( 0.25 ) $ ( 0.04 ) $ 1.12 $ 1.19 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Securities that are anti-dilutive for the period Stock Options 4,094,349 4,131,574 4,094,349 2,512,767 Unvested RSUs 8,708,363 6,925,143 2,243,987 1,261,040 Manager LLC Units 22,615,094 24,524,798 22,615,094 — EOC Common Units 133,522,244 143,438,952 133,149,753 — EOC Profits Interest & Phantom Units 15,520,567 15,777,736 — — Redeemable Non-Controlling Interests — — 5,860,749 — Accelerated share repurchase agreement — — ( 412,060 ) —

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	14. INCOME TAXES EGH was incorporated as a Delaware corporation in January 2019. It was formed as a holding company for the purpose of completing an IPO and other related transactions. As the sole managing member of Endeavor Manager, which is the sole managing member of EOC, EGH operates and controls all the business and affairs of EOC, and through EOC and its subsidiaries, conducts the Company’s business. EGH is subject to corporate income tax on its share of taxable income or loss of EOC derived through Endeavor Manager. EOC is treated as a partnership for U.S. federal income tax purposes and is therefore not subject to U.S. corporate income tax. However, certain of EOC’s subsidiaries are subject to U.S. or foreign corporate income tax. In addition, TKO, which is a consolidated subsidiary of EGH, is subject to corporate income tax. In accordance with ASC Topic 740, each interim period is considered integral to the annual period and tax expense is generally determined using an estimate of the annual effective income tax rate ("AETR"). The Company records income tax expense each quarter using the estimated AETR to provide for income taxes on a current year-to-date basis, adjusted for discrete items, if any, that are noted in the relevant period. In accordance with the authoritative guidance for accounting for income taxes in interim periods, the Company computed its income tax provision for the three and nine months ended September 30, 2023 and 2022 based upon the AETR. The provision for income taxes for the three months ended September 30, 2023 and 2022 is $ 30.0 million and $ 8.5 million, respectively, based on pretax (loss) income of $ ( 83.2 ) million and $ 80.5 million, respectively. The effective tax rate is ( 36.0 ) % and 10.6 % for the three months ended September 30, 2023 and 2022 , respectively. The provision for income taxes for the three months ended September 30, 2023 differs from the same period in 2022 primarily due to a dividend received from a subsidiary; the acquisition of WWE, which results in additional income subject to corporate tax; and an increase in the tax rate at EGH due to 2022 having a significant valuation allowance, which reduced the applicable rate in 2022. In addition, during the three months ended September 30, 2022, the Company released a $ 12.2 million valuation allowance on certain deferred tax assets while retaining a valuation allowance on a majority of other deferred tax assets. The provision for (benefit from) income taxes for the nine months ended September 30, 2023 and 2022 is $ 205.9 million and $ ( 6.0 ) million, respectively, based on pretax income of $ 815.0 million and $ 686.4 million, respectively. The effective tax rate is 25.3 % and ( 0.9 ) % for the nine months ended September 30, 2023 and 2022 , respectively. The provision for income taxes for the nine months ended September 30, 2023 differs from the same period in 2022 primarily due to increased earnings in 2023, largely driven by the gain on sale of the Academy; the acquisition of WWE, which results in additional income subject to corporate tax; and an increase in the tax rate at EGH due to 2022 having a significant valuation allowance, which reduced the applicable rate in 2022. These increases in the provision for income taxes were partially offset by $ 18.3 million resulting from a 2023 valuation allowance release on certain foreign tax credits. In addition, during the nine months ended September 30, 2022, the Company released a $ 65.9 million valuation allowance on certain deferred tax assets while retaining a valuation allowance on a majority of other deferred tax assets. Any tax balances reflected on the September 30, 2023 balance sheet would be adjusted accordingly to reflect the actual financial results for the year ending December 31, 2023. The Company’s effective tax rate differs from the U.S. federal statutory rate primarily due to partnership income not subject to income tax; state and local income taxes; withholding taxes in foreign jurisdictions that are not based on net income; a partial release of a valuation allowance on certain foreign tax credit carryforwards; and income subject to tax in foreign jurisdictions which differ from the U.S. federal statutory income tax rate as well as the relative amount of income earned in those jurisdictions. As of September 30, 2023 and December 31, 2022 , the Company had unrecognized tax benefits of $ 50.2 million and $ 42.4 million, respectively, for which we are unable to make a reasonable and reliable estimate of the period in which these liabilities will be settled with the respective tax authorities. The Company records valuation allowances against its net deferred tax assets when it is more likely than not that all, or a portion, of a deferred tax asset will not be realized. The Company evaluates the realizability of its deferred tax assets by assessing the likelihood that its deferred tax assets will be recovered based on all available positive and negative evidence, including historical results, reversals of deferred tax liabilities, estimates of future taxable income, tax planning strategies and results of operations. For the nine months ended September 30, 2023, a valuation allowance was released due to expected partial realizability of foreign tax credits. Other Matters On August 16, 2022, the United States enacted the Inflation Reduction Act of 2022 ("IRA"). The IRA, in addition to other provisions, creates a 15 % corporate alternative minimum tax ("CAMT") on adjusted financial statement income for applicable corporations. The CAMT is effective for tax years beginning after December 31, 2022. The IRA did not have a material impact on our consolidated financial statements. In December 2022, the Organization for Economic Co-operation and Development ("OECD") proposed Global Anti-Base Erosion Rules, which provides for changes to numerous long-standing tax principles including the adoption of a global minimum tax rate of 15 % for multinational enterprises ("GloBE rules"). While various jurisdictions are in the process of enacting legislation to adopt GloBE rules, South Korea, Japan, U.K. are among the larger jurisdictions that have enacted such legislation. Other countries are expected to adopt GloBE rules in 2023 with effective dates beginning in 2024. Changes in tax laws in the various countries in which the Company operates can negatively impact the Company's results of operations and financial position in future periods. The Company will continue to monitor legislative and regulatory developments in this area. Tax Receivable Agreement In connection with the IPO and related transactions, the Company entered into a TRA with certain persons that held direct or indirect interests in EOC and Zuffa prior to the IPO ("TRA Holders"). The TRA generally provides for the payment by EGH of 85 % of the amount of any tax benefits that EGH actually realizes, or in some cases is deemed to realize, as a result of the following attributes: (i) increases in EGH’s share of the tax basis in the net assets of EOC resulting from any redemptions or exchanges of LLC Units, (ii) increases in tax basis attributable to payments made under the TRA, (iii) deductions attributable to imputed interest pursuant to the TRA and (iv) other tax attributes (including tax basis) allocated to EGH post-IPO and related transactions that were allocable to the TRA Holders prior to the IPO and related transactions.

REVENUE

REVENUE	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
REVENUE	15. REVENUE The following table presents the Company’s revenue disaggregated by primary revenue sources for the three and nine months ended September 30, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 Owned Sports Properties Events, Experiences Representation Sports Data Total Media rights and data $ 261,545 $ 88,002 $ — $ 77,284 $ 426,831 Technology platforms and services — 13,996 — 47,563 61,559 Media production, distribution and content 1,180 82,648 71,591 — 155,419 Events and performance 217,023 182,418 — — 399,441 Talent representation and licensing — — 227,389 — 227,389 Marketing — — 86,639 — 86,639 Eliminations — — — — ( 12,883 ) Total $ 479,748 $ 367,064 $ 385,619 $ 124,847 $ 1,344,395 Nine Months Ended September 30, 2023 Owned Sports Properties Events, Experiences Representation Sports Data Total Media rights and data $ 632,277 $ 323,116 $ — $ 244,903 $ 1,200,296 Technology platforms and services — 43,478 — 111,368 154,846 Media production, distribution and content 4,816 216,656 221,164 — 442,636 Events and performance 536,032 1,175,678 — — 1,711,710 Talent representation and licensing — — 654,741 — 654,741 Marketing — — 241,103 — 241,103 Eliminations — — — — ( 27,888 ) Total $ 1,173,125 $ 1,758,928 $ 1,117,008 $ 356,271 $ 4,377,444 Three Months Ended September 30, 2022 Owned Sports Properties Events, Experiences & Rights Representation Sports Data Total Media rights and data $ 200,310 $ 86,880 $ — $ 46,720 $ 333,910 Technology platforms and services — 20,650 — — 20,650 Media production, distribution and content 1,026 63,743 61,387 — 126,156 Events and performance 200,936 222,845 — — 423,781 Talent representation and licensing — — 244,370 — 244,370 Marketing — — 82,578 — 82,578 Eliminations — — — — ( 10,029 ) Total $ 402,272 $ 394,118 $ 388,335 $ 46,720 $ 1,221,416 Nine Months Ended September 30, 2022 Owned Sports Properties Events, Experiences & Rights Representation Sports Data Total Media rights and data $ 529,343 $ 318,668 $ — $ 152,134 $ 1,000,145 Technology platforms and services — 66,557 — — 66,557 Media production, distribution and content 5,150 182,302 199,140 — 386,592 Events and performance 496,398 1,175,334 — — 1,671,732 Talent representation and licensing — — 665,929 — 665,929 Marketing — — 238,542 — 238,542 Eliminations — — — — ( 21,803 ) Total $ 1,030,891 $ 1,742,861 $ 1,103,611 $ 152,134 $ 4,007,694 In the three months ended September 30, 2023 and 2022 , there was revenue recognized of $ 16.2 million and $ 12.8 million, respectively, from performance obligations satisfied in prior periods. In the nine months ended September 30, 2023 and 2022 , there was revenue recognized of $ 39.3 million and $ 42.4 million, respectively, from performance obligations satisfied in prior periods. Remaining Performance Obligations The following table presents the aggregate amount of transaction price allocated to remaining performance obligations for contracts greater than one year with unsatisfied or partially satisfied performance obligations as of September 30, 2023 (in thousands). The transaction price related to these future obligations does not include any variable consideration. Years Ending Remainder of 2023 $ 659,357 2024 2,449,124 2025 1,994,888 2026 883,883 2027 757,563 Thereafter 1,340,380 $ 8,085,195 Contract Liabilities The Company records deferred revenue when cash payments are received or due in advance of its performance. The Company’s deferred revenue balance primarily relates to advance payments received related to advertising and sponsorship agreements, and event advanced ticket sales. Deferred revenue is included in the current liabilities section and in other long-term liabilities in the consolidated balance sheets. The following table presents the Company’s contract liabilities as of September 30, 2023 and December 31, 2022 (in thousands): Description December 31, 2022 Additions Deductions Acquisitions Divestitures Foreign Exchange September 30, 2023 Deferred revenue - current $ 716,147 $ 2,288,189 $ ( 2,186,943 ) $ 79,988 $ ( 143,011 ) $ ( 3,057 ) $ 751,313 Deferred revenue - noncurrent $ 91,838 $ 83,050 $ ( 110,311 ) $ — $ ( 35,195 ) $ ( 1,676 ) $ 27,706

SEGMENT INFORMATION

SEGMENT INFORMATION	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
SEGMENT INFORMATION	16. SEGMENT INFORMATION Subsequent to the acquisition of OpenBet and effective January 1, 2023, the Company created a fourth segment, Sports Data & Technology, to align with how the Company's chief operating decision maker ("CODM") manages the businesses. This segment consists of the Company's sports data and technology business, IMG ARENA, and OpenBet, the Company's sports betting content, platform and service provider business, acquired in September 2022, both of which were previously included in the Company's Events, Experiences & Rights segment. As a result, the Company now has the following four reportable segments: Owned Sports Properties (which includes the September 2023 acquisition of WWE), Events, Experiences & Rights, Representation, and Sports Data & Technology. The Company also reports the results for the "Corporate" group. All prior period amounts related to the segment change have been retrospectively reclassified to conform to the new presentation. The profitability measure employed by the Company’s CODM for allocating resources and assessing operating performance is Adjusted EBITDA. Summarized financial information for the Company’s reportable segments is shown in the following tables (in thousands): Revenue Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned Sports Properties $ 479,748 $ 402,272 $ 1,173,125 $ 1,030,891 Events, Experiences & Rights 367,064 394,118 1,758,928 1,742,861 Representation 385,619 388,335 1,117,008 1,103,611 Sports Data & Technology 124,847 46,720 356,271 152,134 Eliminations ( 12,883 ) ( 10,029 ) ( 27,888 ) ( 21,803 ) Total consolidated revenue $ 1,344,395 $ 1,221,416 $ 4,377,444 $ 4,007,694 Reconciliation of segment profitability Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned Sports Properties $ 237,417 $ 195,749 $ 602,322 $ 505,760 Events, Experiences & Rights 29,846 45,506 214,420 264,070 Representation 96,325 132,923 287,680 345,849 Sports Data & Technology 23,994 4,162 42,203 26,198 Corporate ( 75,965 ) ( 75,258 ) ( 223,699 ) ( 217,991 ) Adjusted EBITDA 311,617 303,082 922,926 923,886 Reconciling items: Equity (earnings) losses of affiliates ( 1,846 ) 1,333 2,594 ( 4,060 ) Interest expense, net ( 81,956 ) ( 75,608 ) ( 257,360 ) ( 197,385 ) Depreciation and amortization ( 81,207 ) ( 63,571 ) ( 209,036 ) ( 195,177 ) Equity-based compensation expense ( 62,104 ) ( 48,388 ) ( 202,555 ) ( 159,851 ) Merger, acquisition and earn-out costs ( 76,584 ) ( 30,529 ) ( 107,499 ) ( 57,891 ) Certain legal costs ( 8,322 ) ( 1,604 ) ( 12,233 ) ( 11,204 ) Restructuring, severance and impairment ( 48,852 ) ( 869 ) ( 70,788 ) ( 2,829 ) Fair value adjustment - equity investments 148 291 929 13,635 Net gain on sale of the restricted Endeavor Content business — — — 463,641 Net gain on sale of the Academy business — — 736,978 — Tax receivable agreement liability adjustment ( 20,297 ) ( 10,405 ) ( 7,779 ) ( 61,497 ) Other ( 13,838 ) 6,749 18,826 ( 24,914 ) (Loss) income before income taxes and equity losses of affiliates $ ( 83,241 ) $ 80,481 $ 815,003 $ 686,354

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	17. COMMITMENTS AND CONTINGENCIES Claims and Litigation The Company is involved in legal proceedings, claims and governmental investigations arising in the normal course of business. The types of allegations that arise in connection with such legal proceedings vary in nature, but can include contract, employment, tax and intellectual property matters. The Company evaluates all cases and records liabilities for losses from legal proceedings when the Company determines that it is probable that the outcome will be unfavorable and the amount, or potential range, of loss can be reasonably estimated. While any outcome related to litigation or such governmental proceedings cannot be predicted with certainty, management believes that the outcome of these matters, except as otherwise may be discussed below, individually or in the aggregate, will not have a material adverse effect on the Company’s financial position, results of operations or cash flows. In July 2017, the Italian Competition Authority ("ICA") issued a decision opening an investigation into alleged breaches of competition law in Italy, involving inter alia IMG, and relating to bidding for certain media rights of the Serie A and Serie B football leagues. In April 2018, the European Commission conducted on-site inspections at a number of companies that are involved with sports media rights, including the Company. The inspections were part of an ongoing investigation into the sector and into potential violations of certain antitrust laws that may have taken place within it. The Company investigated these ICA matters, as well as other regulatory compliance matters. In May 2019, the ICA completed its investigation and fined the Company approximately EUR 0.3 million. As part of its decision, the ICA acknowledged the Company’s cooperation and ongoing compliance efforts since the investigation commenced. In July 2019, three football clubs (the "Original Plaintiffs") and in June 2020, the Serie A football league (Lega Nazionale Professionisti Serie A or "Lega Nazionale," and together with the three clubs, the "Plaintiffs") each filed separate claims against IMG and certain other unrelated parties in the Court of Milan, Italy, alleging that IMG engaged in anti-competitive practices with regard to bidding for certain media rights of the Serie A and Serie B football league. The Plaintiffs seek damages from all defendants deriving from the lower value of the media rights in amounts totaling EUR 554.6 million in the aggregate relating to the three football clubs and EUR 1,750 million relating to Lega Nazionale, along with attorneys’ fees and costs. Since December 2020, four additional football clubs have each filed requests to intervene in the Lega Nazionale proceedings and individually seek to claim damages deriving from the lower value of the media rights in the aggregate totaling EUR 251.5 million. The Original Plaintiffs and these four additional clubs are also seeking additional damages relating to alleged lost profits and additional charges, quantified in the fourth quarter of 2022 in amounts totaling EUR 1,675 million. Ten other clubs also filed requests to intervene in support of Lega Nazionale’s claim or alternatively to individually claim damages deriving from the lower value of the media rights in the amount of EUR 284.9 million, in the case of five clubs, and unspecified amounts (to be quantified as a percentage of the total amount sought by Lega Nazionale) in the other five cases. Collectively, the interventions of these 14 clubs are the "Interventions." In December 2022, one further football club filed a separate claim against IMG and certain other unrelated parties seeking damages from all defendants deriving from the lower value of the media rights in the amounts of EUR 326.9 million, in addition to alleged additional damages relating to lost profits and additional charges which have not yet been quantified. The Company has defended in its submissions to date, and intends to continue to defend, against all of the damages claims, Interventions and any related claims, and management believes that the Company has meritorious defenses to these claims, including the absence of standing of the clubs, and the absence of actual damage. The Company may also be subject to regulatory and other claims and actions with respect to these ICA and other regulatory matters. Any judgment entered against the Company or settlement entered into, including with respect to claims or actions brought by other parties, could materially and adversely impact the Company’s business, financial condition and results of operations. Zuffa has five related class-action lawsuits filed against it in the United States District Court for the Northern District of California (the "District Court") between December 2014 and March 2015 by a total of eleven former UFC fighters. The complaints in the five lawsuits are substantially identical. Each alleges that Zuffa violated Section 2 of the Sherman Act by monopolizing the alleged market for the promotion of elite professional MMA bouts and monopsonizing the alleged market for elite professional MMA fighters’ services. Plaintiffs claim that Zuffa’s alleged conduct injured them by artificially depressing the compensation they received for their services and their intellectual property rights, and they seek treble damages under the antitrust laws, as well as attorneys’ fees and costs, and injunctive relief. On December 14, 2020, the District Court orally indicated its intention to grant plaintiffs’ motion to certify a Bout Class (comprised of fighters who participated in bouts from December 16, 2010 to September 30, 2017) and to deny plaintiffs’ motion to certify the Identity Class (a purported class based upon the alleged expropriation and exploitation of fighter identities). On August 9, 2023, the Court issued a written order confirming this ruling. The Company filed a petition with the Ninth Circuit seeking to appeal this ruling under Rule 23(f) of the Federal Rules of Civil Procedure. The Ninth Circuit denied the appeal on November 1, 2023. The Court has set a trial date of April 8, 2024 for this case. On June 23, 2021, plaintiffs’ lawyers filed a new case against Zuffa and EGH alleging substantially similar claims but providing for a class period from July 1, 2017 to present; discovery has opened in this case after being stayed since the case was filed. The Company believes that the claims alleged lack merit and intends to defend itself vigorously against them. On January 11, 2022, a complaint was filed against WWE by MLW Media LLC ("MLW"), captioned MLW Media LLC v. World Wrestling Entertainment, Inc. , No. 5:22-cv-00179-EJD (N.D. Cal.) alleging that WWE interfered with MLW’s contractual relationship with Tubi, a streaming service owned by Fox Corp., and MLW’s prospective economic advantage with respect to its relationship with VICE TV, and engaged in unfair business practices in violation of the Sherman Antitrust Act and California law, including cutting off competitors’ access to licensing opportunities, interfering with contracts, poaching talent, and eliminating price competition. On February 13, 2023, the court dismissed all of MLW’s claims, allowing MLW leave to amend. On March 6, 2023, MLW filed its first amended complaint. On April 7, 2023, WWE moved to dismiss all claims asserted in the first amended complaint which was denied by the court on June 15, 2023. WWE filed its answer to the amended complaint on August 14, 2023 and the court lifted its stay on discovery. On August 25, 2023, MLW moved to strike WWE’s affirmative defenses. WWE opposed that motion on September 8, 2023, and requested leave to amend its answer. On October 31, 2023, the Court granted WWE's request for leave to amend and terminated MLW's motion to strike as moot. The Company believes that the claims alleged lack merit and intends to defend itself vigorously against them. As announced in June 2022, a Special Committee of independent members of WWE’s board of directors (the "Special Committee") was formed to investigate alleged misconduct by WWE’s then-Chief Executive Officer, Vincent K. McMahon. Mr. McMahon initially resigned from all positions held with WWE on July 22, 2022 but remained a stockholder with a controlling interest and served as Executive Chairman of WWE’s board of directors from January 9, 2023 through September 12, 2023, at which time Mr. McMahon became Executive Chairman of the Board of Directors of TKO. Although the Special Committee investigation is complete, WWE has received, and may receive in the future, regulatory, investigative and enforcement inquiries, subpoenas, demands and/or other claims and complaints arising from, related to, or in connection with these matters.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	18. RELATED PARTY TRANSACTIONS The Company has the following related party transactions as of September 30, 2023 and December 31, 2022 and for the three and nine months ended September 30, 2023 and 2022 (in thousands): September 30, December 31, 2023 2022 Other current assets $ 19,820 $ 17,827 Other assets 30,042 — Investments 3,322 2,146 Deferred revenue 697 825 Other current liabilities 6,063 3,801 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenue $ 5,940 $ 9,365 $ 35,994 $ 26,946 Direct operating costs 3,486 9,661 12,155 14,003 Selling, general and administrative expenses 702 859 3,250 3,325 Other (expense) income, net — ( 9,925 ) ( 5,254 ) ( 23,175 ) As of September 30, 2023, the Company has an equity-method investment in Euroleague, a related party. For the three and nine months ended September 30, 2023 and 2022 , the Company recognized revenue of $ 0.1 million, $ 0.5 million, $ 6.0 million and $ 0.2 million, respectively, for a management fee to compensate it for representation and technical services it provides to Euroleague in relation to the distribution of media rights. This revenue is included in the Owned Sports Properties segment. Also, for the three and nine months ended September 30, 2023 and 2022 , the Company recognized revenue less than a hundred thousand , $( 0.3 ) million, $ 6.5 million and $( 0.1 ) million, respectively, for production services provided to Euroleague as well as direct operating costs of $ 0.2 million, $ 3.1 million, $ 5.0 million and less than a hundred thousand , respectively, for the procurement of a license for gaming rights from Euroleague, which are included in the Sports Data & Technology segment. As of September 30, 2023 and December 31, 2022 , the Company had a receivable of $ 13.3 million and $ 8.4 million, respectively, and a payable of $ 2.1 million and $ 1.0 million, respectively. During the nine months ended September 30, 2023 , the Company provided a loan of $ 30.0 million to one of its equity method investees, which has been recorded in other assets in the consolidated balance sheet. The loan matures in 2026. Silver Lake and certain of our executives indirectly own a minority interest in The Raine Group ("Raine"). During the three and nine months ended September 30, 2023 and 2022 , the Company recorded expense of no ne, $ 10.8 million, $ 7.0 million and $ 25.8 million, respectively, in transaction costs with Raine for investment banking services in connection with the sale of certain businesses (Note 4). In addition, as of September 30, 2023 and December 31, 2022 , the Company had investments of $ 3.3 million and $ 2.1 million, respectively, in a non-marketable fund maintained by Raine. In connection with the IPO and related transactions, the Company entered into a TRA with certain persons that held direct or indirect interests in EOC and Zuffa prior to the IPO. The TRA generally provides for the payment by EGH of 85 % of the amount of any tax benefits that EGH actually realizes, or in some cases is deemed to realize (Note 14). As of September 30, 2023 and December 31, 2022, the Company had $ 1,028.4 million and $ 1,011.7 million recorded, respectively, of which $ 374.8 million and $ 390.1 million, respectively, is due to related parties.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Subsidiary or Equity Method Investee [Line Items]
Basis of Presentation	Basis of Presentation The accompanying interim consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") for reporting interim financial information and should be read in conjunction with the Company’s consolidated financial statements and accompanying footnotes in our Annual Report on Form 10-K for the year ended December 31, 2022. Certain information and note disclosures normally included in the annual financial statements have been condensed or omitted from these interim financial statements. The interim consolidated financial statements as of September 30, 2023 and for the three and nine months ended September 30, 2023 and 2022 are unaudited; however, in the opinion of management, such interim consolidated financial statements reflect all adjustments, consisting solely of normal and recurring adjustments, necessary for a fair statement of its financial position, results of operations and cash flows for the interim periods presented. Certain prior year amounts were reclassified to conform to the current year presentation, including impacts for changes in the Company’s reportable segments as described in Note 16 .
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported and disclosed in the consolidated financial statements and the accompanying disclosures. Significant accounting policies that contain subjective management estimates and assumptions include those related to revenue recognition, allowance for doubtful accounts, the fair value of acquired assets and liabilities associated with acquisitions, the fair value of the Company’s reporting units and the assessment of goodwill, other intangible assets and long-lived assets for impairment, consolidation, investments, redeemable non-controlling interests, the fair value of equity-based compensation, tax receivable agreement ("TRA") liability, income taxes and contingencies. Management evaluates these estimates using historical experience and other factors, including the general economic environment and actions it may take in the future. The Company adjusts such estimates when facts and circumstances dictate. However, these estimates may involve significant uncertainties and judgments and cannot be determined with precision. In addition, these estimates are based on management’s best judgment at a point in time and as such, these estimates may ultimately differ from actual results. Changes in estimates resulting from weakness in the economic environment or other factors beyond the Company’s control could be material and would be reflected in the Company’s consolidated financial statements in future periods.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In March 2022, the FASB issued ASU 2022-01, Derivatives and Hedging (Topic 815): Fair Value Hedging—Portfolio Layer Method. This ASU clarifies the guidance in ASC 815 on fair value hedge accounting of interest rate risk for portfolios of financial assets, expanding the scope of this guidance to allow entities to apply the portfolio layer method to portfolios of all financial assets, including both prepayable and nonprepayable financial assets. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In March 2022, the FASB issued ASU 2022-02, Financial Instruments—Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance on troubled debt restructurings (TDRs) for creditors in ASC 310-40 and amends the guidance on "vintage disclosures" to require disclosure of current-period gross write-offs by year of origination. The ASU also updates the requirements related to accounting for credit losses under ASC 326 and adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. For entities that have already adopted ASU 2016-13, which the Company has, the amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In September 2022, the FASB issued ASU 2022-04, Liabilities–Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This ASU enhances the transparency of supplier finance programs. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In December 2022, the FASB issued ASU 2022-05, Transition for Sold Contracts. This ASU amends the transition guidance in ASU 2018-12, Targeted Improvements to the Accounting for Long-Duration Contracts, to make targeted improvements to its guidance on long-duration contracts issued by an insurance entity. The amendments in this update were effective for public entities for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The Company adopted this guidance on January 1, 2023 with no material effect on the Company’s financial position or results of operations. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting. This ASU provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships and other transactions affected by reference rate reform if certain criteria are met. Adoption of the expedients and exceptions was permitted upon issuance of this update through December 31, 2022. However, in December 2022, the FASB issued ASU 2022-06, Deferral of the Sunset Date of Topic 848, in order to defer the sunset date of ASC 848 until December 31, 2024. The Company adopted this guidance on April 1, 2023 with no material effect on the Company’s financial position or results of operations. In July 2023, the FASB issued ASU 2023-03, Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718). This ASU amends or supersedes various SEC paragraphs within the FASB Accounting Standards Codification to conform to past SEC announcements and guidance issued by the SEC. The Company adopted this guidance on July 1, 2023 with no material effect on the Company’s financial position or results of operations.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements In June 2022, the FASB issued ASU 2022-03, Fair Value Measurements (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This ASU clarifies the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of that security. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements. This ASU amends certain provisions in Topic 842, Leases, that apply to arrangements between related parties under common control. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In March 2023, the FASB issued ASU 2023-02, Investments—Equity Method and Joint Ventures (Topic 323): Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method (a consensus of the Emerging Issues Task Force). This ASU allows a reporting entity to elect to account for its tax equity investments by using the proportional amortization method regardless of the program from which it receives income tax credits, provided certain conditions are met. The amendments in this update are effective for public entities for fiscal years beginning after December 15, 2023, and interim periods within those fiscal years. The adoption will not have a material effect on the Company’s financial position or results of operations. In August 2023, the FASB issued ASU 2023-05, Business Combinations – Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement. This ASU addresses the accounting for contributions made to a joint venture, upon formation, in a joint venture’s separate financial statements. The amendments in this update are effective to all joint venture formations with a formation date on or after January 1, 2025. The Company is in the process of assessing the impact of this ASU on its consolidated financial statements. In October 2023, the FASB issued ASU 2023-06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative. This ASU amends the disclosure or presentation requirements related to various subtopics in the FASB Accounting Standards Codification. The effective dates of this ASU depend on the specific codification subtopic and the date on which the SEC’s removal of that related disclosure requirement from Regulation S-X or Regulation S-K becomes effective. Early adoption is prohibited. The Company is in the process of assessing the impact of this ASU on its consolidated financial statements.

ACQUISITIONS AND DIVESTITURE (T

ACQUISITIONS AND DIVESTITURE (Tables)	9 Months Ended
	Sep. 30, 2023
Business Combinations [Abstract]
Schedule of Fair Values of the Assets Acquired and the Liabilities Assumed in the Business Combination	WWE Cash and cash equivalents $ 381,153 Accounts receivable 105,237 Assets held for sale 7,500 Other current assets 89,885 Property and equipment 392,077 Right of use assets 12,690 Investments 12,007 Other assets 263,288 Intangible assets: Trade Names 2,188,500 Customer Relationships 935,700 Internally developed technology 30,000 Other 98,300 Goodwill 5,041,414 Accounts payable and accrued expenses ( 123,858 ) Operating lease liability ( 12,696 ) Deferred revenue ( 54,190 ) Deferred tax liabilities ( 677,880 ) Debt ( 16,934 ) Other liabilities ( 240,132 ) Net assets acquired $ 8,432,061 The acquisitions were accounted for as business combinations and the fair values of the assets acquired and liabilities assumed in the business combinations are as follows (in thousands): DBH Madrid Open Barrett-Jackson OpenBet Cash and cash equivalents $ — $ 18,659 $ 10,783 $ 49,795 Accounts receivable 89 2,123 1,706 50,170 Deferred costs — 1,124 — — Other current assets 491 470 1,386 12,237 Property and equipment 4,403 162 4,290 4,961 Right of use assets 7,270 — 6,828 8,401 Investments — — — 1,100 Deferred Income taxes — — — 1,281 Other assets 103 381 — 5,971 Intangible assets: Trade Names — — 120,900 67,000 Customer relationships 1,960 — 12,300 134,000 Internally developed software — — 1,300 139,000 Owned Events — 407,070 — — Other 35,410 — — 14,300 Goodwill 25,585 14,419 331,150 470,029 Accounts payable and accrued expenses ( 93 ) ( 1,609 ) ( 7,009 ) ( 13,324 ) Other current liabilities ( 56 ) — — ( 13,085 ) Operating lease liability ( 9,470 ) — ( 4,458 ) ( 8,401 ) Deferred revenue ( 1,455 ) ( 20,780 ) ( 667 ) ( 3,756 ) Debt — — ( 11,439 ) — Other liabilities — ( 3,508 ) — ( 75,892 ) Redeemable non-controlling interests — — ( 210,150 ) — Net assets acquired $ 64,237 $ 418,511 $ 256,920 $ 843,787
Schedule of Pro Forma Financial Information	Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Pro forma revenue $ 1,573,901 $ 1,519,888 $ 5,312,339 $ 4,965,213 Pro forma net (loss) income ( 22,568 ) ( 50,772 ) 650,193 132,456 The pro forma information includes the historical results of WWE prior to the Transactions and adjustments directly attributable to the business combination. Pro forma adjustments are primarily related to the nonrecurring transaction costs incurred in connection with the Transactions, incremental intangible asset amortization to be incurred based on the fair values and useful lives of each intangible asset, incremental compensation expense for two key executives, including salaries, bonuses and TKO equity awards granted, and incremental equity-based compensation related to the WWE replacement awards.

SUPPLEMENTARY DATA (Tables)

SUPPLEMENTARY DATA (Tables)	9 Months Ended
	Sep. 30, 2023
Supplementary Data [Abstract]
Summary of Accrued Liabilities	The following is a summary of accrued liabilities (in thousands): September 30, December 31, 2023 2022 Accrued operating expenses $ 325,027 $ 254,737 Payroll, bonuses and benefits 269,461 176,315 Other 112,731 94,187 Total accrued liabilities $ 707,219 $ 525,239
Summary of Allowance for Doubtful Accounts	The changes in the allowance for doubtful accounts are as follows (in thousands): Balance at Additions/Charged Balance at Beginning to Costs and Foreign End of of Year Expenses, Net Deductions Exchange Divestitures Period Nine Months Ended September 30, 2023 $ 54,766 $ 17,782 $ ( 11,266 ) $ ( 197 ) $ ( 6,799 ) $ 54,286
Summary of Supplemental Cash Flow	The Company’s supplemental cash flow information is as follows (in thousands): Nine Months Ended September 30, 2023 2022 Supplemental information: Cash paid for interest $ 254,685 $ 160,217 Cash payments for income taxes 55,227 33,309 Non-cash investing and financing activities: Capital expenditures included in accounts payable and accrued liabilities $ 33,457 $ 8,037 Contingent consideration provided in connection with acquisitions 8,160 1,500 Establishment and acquisition of non-controlling interests 6,331 414,985 Accretion of redeemable non-controlling interests ( 6,465 ) 83,849 Investment in affiliates retained from a business divestiture — 202,220 Deferred consideration in connection with acquisitions 6,567 31,770 Issuance of Class A common stock due to an acquisition 781 70,254 Acquisition of WWE, net of deferred consideration 8,111,055 — Items arising from EOC units and Endeavor Manager units exchanges: Establishment of liabilities under tax receivable agreement 59,028 4,639 Deferred tax asset 51,845 5,458

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Changes in the Carrying Value of Goodwill	The changes in the carrying value of goodwill are as follows (in thousands): Owned Sports Properties Events, Experiences & Rights Representation Sports Data & Technology Total Balance — December 31, 2022 $ 2,674,038 $ 2,112,403 $ 498,256 $ — $ 5,284,697 Acquisitions 5,041,414 20,465 18,064 12,258 5,092,201 Reclassification — ( 607,427 ) — 607,427 — Impairment — ( 14,496 ) — — ( 14,496 ) Foreign currency translation and other — 747 ( 414 ) ( 8,238 ) ( 7,905 ) Divestiture — ( 235,376 ) — — ( 235,376 ) Balance — September 30, 2023 $ 7,715,452 $ 1,276,316 $ 515,906 $ 611,447 $ 10,119,121 The reclassification of goodwill during the nine months ended September 30, 2023 reflects the relative fair value allocation of the goodwill related to the businesses that were reclassified into the new segment, Sports Data & Technology, as described in Note 16 .
Summary of Company's Identifiable Intangible Assets	The following table summarizes information relating to the Company’s identifiable intangible assets as of September 30, 2023 (in thousands): Weighted Average Gross Accumulated Carrying Amortized: Trade names 22.5 $ 3,225,437 $ ( 389,746 ) $ 2,835,691 Customer and client relationships 8.6 2,415,187 ( 1,119,646 ) 1,295,541 Internally developed technology 6.3 308,481 ( 95,213 ) 213,268 Other 4.0 148,805 ( 46,162 ) 102,643 $ 6,097,910 $ ( 1,650,767 ) $ 4,447,143 Indefinite-lived: Trade names 415,929 — 415,929 Owned events 14,387 — 14,387 Other 465,159 — 465,159 Total intangible assets $ 6,993,385 $ ( 1,650,767 ) $ 5,342,618 The following table summarizes information relating to the Company’s identifiable intangible assets as of December 31, 2022 (in thousands): Weighted Average Gross Accumulated Carrying Amortized: Trade names 17.1 $ 1,048,530 $ ( 343,895 ) $ 704,635 Customer and client relationships 6.9 1,464,584 ( 1,073,017 ) 391,567 Internally developed technology 6.5 276,094 ( 92,573 ) 183,521 Other 4.2 45,255 ( 44,654 ) 601 $ 2,834,463 $ ( 1,554,139 ) $ 1,280,324 Indefinite-lived: Trade names 447,559 — 447,559 Owned events 463,481 — 463,481 Other 14,219 — 14,219 Total intangible assets $ 3,759,722 $ ( 1,554,139 ) $ 2,205,583

INVESTMENTS (Tables)

INVESTMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Summary of Company's Investments	The following is a summary of the Company’s investments (in thousands): September 30, December 31, 2023 2022 Equity method investments $ 189,380 $ 209,523 Equity investments without readily determinable fair values 197,349 127,297 Equity investments with readily determinable fair values 265 153 Total investments $ 386,994 $ 336,973

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Financial Instrument Disclosure [Abstract]
Schedule of Outstanding Forward Foreign Exchange Contracts Balances	As of September 30, 2023 , the Company had the following outstanding forward foreign exchange contracts (all outstanding contracts have maturities of less than 12 months from September 30, 2023) (in thousands except for exchange rates): Foreign Currency Foreign US Dollar Weighted Average British Pound Sterling £ 46,846 in exchange for $ 57,644 £ 0.81 Euro € 4,884 in exchange for $ 5,400 € 0.90 Singapore Dollar S$ 4,800 in exchange for $ 3,679 S$ 1.30

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Summary of fair value of assets and liabilities measured on recurring basis	The following tables present, for each of the fair value hierarchy levels, the Company’s assets and liabilities that are measured at fair value on a recurring basis (in thousands): Fair Value Measurements as of September 30, 2023 Level I Level II Level III Total Assets: Investments in equity securities with readily determinable fair values $ 265 $ — $ — $ 265 Interest rate swaps — 53,657 — 53,657 Forward foreign exchange contracts — 656 — 656 Total $ 265 $ 54,313 $ — $ 54,578 Liabilities: Contingent consideration $ — $ — $ 9,485 $ 9,485 Forward foreign exchange contracts — 4,957 — 4,957 Total $ — $ 4,957 $ 9,485 $ 14,442 Fair Value Measurements as of December 31, 2022 Level I Level II Level III Total Assets: Investments in equity securities with readily determinable fair values $ 153 $ — $ — $ 153 Interest rate swaps — 75,865 — 75,865 Total $ 153 $ 75,865 $ — $ 76,018 Liabilities: Contingent consideration $ — $ — $ 4,524 $ 4,524 Forward foreign exchange contracts — 11,107 — 11,107 Total $ — $ 11,107 $ 4,524 $ 15,631

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following is a summary of outstanding debt (in thousands): September 30, December 31, 2023 2022 2014 Credit Facilities: First Lien Term Loan (due May 2025 ) $ 2,251,947 $ 2,305,916 Zuffa Credit Facilities: Zuffa First Lien Term Loan (due April 2026 ) 2,736,517 2,759,767 Other debt ( 3.25 %- 14.50 % Notes due at various dates through 2033 ) 94,966 153,490 Total principal 5,083,430 5,219,173 Unamortized discount ( 12,642 ) ( 17,523 ) Unamortized issuance costs ( 24,371 ) ( 33,104 ) Total debt 5,046,417 5,168,546 Less: current portion ( 63,013 ) ( 88,309 ) Total long-term debt $ 4,983,404 $ 5,080,237

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Earnings Per Share and Weighted Average Shares Outstanding	T he computation of basic and diluted earnings per share and weighted average shares of the Company’s common stock outstanding for the periods is presented below (in thousands, except share and per share data): Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Basic (loss) earnings per share Numerator Consolidated net (loss) income $ ( 115,984 ) $ ( 12,538 ) $ 586,806 $ 547,348 Net (loss) income attributable to NCI (Endeavor Operating Company) ( 43,968 ) ( 1,879 ) 208,687 183,353 Net (loss) income attributable to NCI (Endeavor Manager) ( 2,808 ) ( 620 ) 36,122 28,682 Net (loss) income attributable to the Company ( 69,208 ) ( 10,039 ) 341,997 335,313 Adjustment to net (loss) income attributable to the Company — — ( 2,452 ) 4,348 Net (loss) income attributable to EGH common shareholders $ ( 69,208 ) $ ( 10,039 ) $ 339,545 $ 339,661 Denominator Weighted average Class A Common Shares outstanding - Basic 301,876,322 285,870,317 298,311,200 278,724,574 Basic (loss) earnings per share $ ( 0.23 ) $ ( 0.04 ) $ 1.14 $ 1.22 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Diluted (loss) earnings per share Numerator Consolidated net (loss) income $ ( 115,984 ) $ ( 12,538 ) $ 586,806 $ 547,348 Net (loss) income attributable to NCI (Endeavor Operating Company) ( 37,078 ) ( 1,879 ) 209,215 8,645 Net (loss) income attributable to NCI (Endeavor Manager) ( 2,808 ) ( 620 ) 37,372 — Net (loss) income attributable to the Company ( 76,098 ) ( 10,039 ) 340,219 538,703 Adjustment to net (loss) income attributable to the Company — ( 1,422 ) ( 2,452 ) ( 1,803 ) Net (loss) income attributable to EGH common shareholders $ ( 76,098 ) $ ( 11,461 ) $ 337,767 $ 536,900 Denominator Weighted average Class A Common Shares outstanding - Basic 301,876,322 285,870,317 298,311,200 278,724,574 Additional shares assuming exchange of all EOC Profits Units — — 828,375 1,884,386 Additional shares from RSUs, Stock Options and Phantom Units, as calculated using the treasury stock method — — 2,165,692 1,875,609 Additional shares assuming exchange of all Endeavor Operating Units and Endeavor Manager Units — — — 167,046,923 Additional shares assuming redemption of redeemable non-controlling interests — 3,936,316 — 1,226,569 Shares to be received under the accelerated share repurchase agreement ( 1,236,180 ) — — — Weighted average number of shares used in computing diluted (loss) earnings per share 300,640,142 289,806,633 301,305,267 450,758,061 Diluted (loss) earnings per share $ ( 0.25 ) $ ( 0.04 ) $ 1.12 $ 1.19 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Securities that are anti-dilutive for the period Stock Options 4,094,349 4,131,574 4,094,349 2,512,767 Unvested RSUs 8,708,363 6,925,143 2,243,987 1,261,040 Manager LLC Units 22,615,094 24,524,798 22,615,094 — EOC Common Units 133,522,244 143,438,952 133,149,753 — EOC Profits Interest & Phantom Units 15,520,567 15,777,736 — — Redeemable Non-Controlling Interests — — 5,860,749 — Accelerated share repurchase agreement — — ( 412,060 ) —

REVENUE (Tables)

REVENUE (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Summary of Company's Revenue Disaggregated by Primary Revenue	The following table presents the Company’s revenue disaggregated by primary revenue sources for the three and nine months ended September 30, 2023 and 2022 (in thousands): Three Months Ended September 30, 2023 Owned Sports Properties Events, Experiences Representation Sports Data Total Media rights and data $ 261,545 $ 88,002 $ — $ 77,284 $ 426,831 Technology platforms and services — 13,996 — 47,563 61,559 Media production, distribution and content 1,180 82,648 71,591 — 155,419 Events and performance 217,023 182,418 — — 399,441 Talent representation and licensing — — 227,389 — 227,389 Marketing — — 86,639 — 86,639 Eliminations — — — — ( 12,883 ) Total $ 479,748 $ 367,064 $ 385,619 $ 124,847 $ 1,344,395 Nine Months Ended September 30, 2023 Owned Sports Properties Events, Experiences Representation Sports Data Total Media rights and data $ 632,277 $ 323,116 $ — $ 244,903 $ 1,200,296 Technology platforms and services — 43,478 — 111,368 154,846 Media production, distribution and content 4,816 216,656 221,164 — 442,636 Events and performance 536,032 1,175,678 — — 1,711,710 Talent representation and licensing — — 654,741 — 654,741 Marketing — — 241,103 — 241,103 Eliminations — — — — ( 27,888 ) Total $ 1,173,125 $ 1,758,928 $ 1,117,008 $ 356,271 $ 4,377,444 Three Months Ended September 30, 2022 Owned Sports Properties Events, Experiences & Rights Representation Sports Data Total Media rights and data $ 200,310 $ 86,880 $ — $ 46,720 $ 333,910 Technology platforms and services — 20,650 — — 20,650 Media production, distribution and content 1,026 63,743 61,387 — 126,156 Events and performance 200,936 222,845 — — 423,781 Talent representation and licensing — — 244,370 — 244,370 Marketing — — 82,578 — 82,578 Eliminations — — — — ( 10,029 ) Total $ 402,272 $ 394,118 $ 388,335 $ 46,720 $ 1,221,416 Nine Months Ended September 30, 2022 Owned Sports Properties Events, Experiences & Rights Representation Sports Data Total Media rights and data $ 529,343 $ 318,668 $ — $ 152,134 $ 1,000,145 Technology platforms and services — 66,557 — — 66,557 Media production, distribution and content 5,150 182,302 199,140 — 386,592 Events and performance 496,398 1,175,334 — — 1,671,732 Talent representation and licensing — — 665,929 — 665,929 Marketing — — 238,542 — 238,542 Eliminations — — — — ( 21,803 ) Total $ 1,030,891 $ 1,742,861 $ 1,103,611 $ 152,134 $ 4,007,694
Summary of Transaction Price Related to These Future Obligation	Years Ending Remainder of 2023 $ 659,357 2024 2,449,124 2025 1,994,888 2026 883,883 2027 757,563 Thereafter 1,340,380 $ 8,085,195
Summary of Company's Contract Liabilities	The following table presents the Company’s contract liabilities as of September 30, 2023 and December 31, 2022 (in thousands): Description December 31, 2022 Additions Deductions Acquisitions Divestitures Foreign Exchange September 30, 2023 Deferred revenue - current $ 716,147 $ 2,288,189 $ ( 2,186,943 ) $ 79,988 $ ( 143,011 ) $ ( 3,057 ) $ 751,313 Deferred revenue - noncurrent $ 91,838 $ 83,050 $ ( 110,311 ) $ — $ ( 35,195 ) $ ( 1,676 ) $ 27,706

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	9 Months Ended
	Sep. 30, 2023
Segment Reporting [Abstract]
Schedule of Revenue	Revenue Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned Sports Properties $ 479,748 $ 402,272 $ 1,173,125 $ 1,030,891 Events, Experiences & Rights 367,064 394,118 1,758,928 1,742,861 Representation 385,619 388,335 1,117,008 1,103,611 Sports Data & Technology 124,847 46,720 356,271 152,134 Eliminations ( 12,883 ) ( 10,029 ) ( 27,888 ) ( 21,803 ) Total consolidated revenue $ 1,344,395 $ 1,221,416 $ 4,377,444 $ 4,007,694
Schedule of Reconciliation of Segment Profitability	Reconciliation of segment profitability Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Owned Sports Properties $ 237,417 $ 195,749 $ 602,322 $ 505,760 Events, Experiences & Rights 29,846 45,506 214,420 264,070 Representation 96,325 132,923 287,680 345,849 Sports Data & Technology 23,994 4,162 42,203 26,198 Corporate ( 75,965 ) ( 75,258 ) ( 223,699 ) ( 217,991 ) Adjusted EBITDA 311,617 303,082 922,926 923,886 Reconciling items: Equity (earnings) losses of affiliates ( 1,846 ) 1,333 2,594 ( 4,060 ) Interest expense, net ( 81,956 ) ( 75,608 ) ( 257,360 ) ( 197,385 ) Depreciation and amortization ( 81,207 ) ( 63,571 ) ( 209,036 ) ( 195,177 ) Equity-based compensation expense ( 62,104 ) ( 48,388 ) ( 202,555 ) ( 159,851 ) Merger, acquisition and earn-out costs ( 76,584 ) ( 30,529 ) ( 107,499 ) ( 57,891 ) Certain legal costs ( 8,322 ) ( 1,604 ) ( 12,233 ) ( 11,204 ) Restructuring, severance and impairment ( 48,852 ) ( 869 ) ( 70,788 ) ( 2,829 ) Fair value adjustment - equity investments 148 291 929 13,635 Net gain on sale of the restricted Endeavor Content business — — — 463,641 Net gain on sale of the Academy business — — 736,978 — Tax receivable agreement liability adjustment ( 20,297 ) ( 10,405 ) ( 7,779 ) ( 61,497 ) Other ( 13,838 ) 6,749 18,826 ( 24,914 ) (Loss) income before income taxes and equity losses of affiliates $ ( 83,241 ) $ 80,481 $ 815,003 $ 686,354

RELATED PARTY TRANSACTIONS (Ta

RELATED PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	The Company has the following related party transactions as of September 30, 2023 and December 31, 2022 and for the three and nine months ended September 30, 2023 and 2022 (in thousands): September 30, December 31, 2023 2022 Other current assets $ 19,820 $ 17,827 Other assets 30,042 — Investments 3,322 2,146 Deferred revenue 697 825 Other current liabilities 6,063 3,801 Three Months Ended September 30, Nine Months Ended September 30, 2023 2022 2023 2022 Revenue $ 5,940 $ 9,365 $ 35,994 $ 26,946 Direct operating costs 3,486 9,661 12,155 14,003 Selling, general and administrative expenses 702 859 3,250 3,325 Other (expense) income, net — ( 9,925 ) ( 5,254 ) ( 23,175 )

ACQUISITIONS AND DIVESTITURE -

ACQUISITIONS AND DIVESTITURE - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended					3 Months Ended			9 Months Ended
	Sep. 12, 2023	Sep. 30, 2022	Aug. 31, 2022	May 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Revenue							$ 1,344,395		$ 1,221,416	$ 4,377,444	$ 4,007,694
Net Income (Loss)	$ (45,000)						(69,208)		(10,039)	341,997	335,313
Total purchase price										200,000	0
Acquisition cash paid										16,414	1,434,518
Goodwill							10,119,121			10,119,121		$ 5,284,697
Proceeds from business divestiture, net of cash sold										1,076,737	910,845
Net gain recognized										737,000	463,600
Gain Related to The Remeasurement of Retained Interest											121,100
Transaction costs										5,500	15,000
OPCO[Member]
Business Acquisition [Line Items]
Economic Interest in an operating subsidiary	51%
Economic Ownership Interest	49%
TKO Group Holdings Inc [Member]
Business Acquisition [Line Items]
Controlling Non-Economic Voting Interest	51%
Economic Ownership Interest	100%
Voting Interest	49%
IMG Academy [Member]
Business Acquisition [Line Items]
Proceeds from business divestiture, net of cash sold								$ 1,100,000
Cash and cash equivalents								$ 38,600
Endeavor
Business Acquisition [Line Items]
Company's ownership of its equity method investments						20%
Proceeds from business divestiture, net of cash sold						$ 666,300
Fair Value of Equity Method Investment							$ 196,300			$ 196,300		196,300
Cash and cash equivalents						16,600
Assets Held For Sale
Business Acquisition [Line Items]
Assets and liabilities held for sale												12,000
Liabilities Held For Sale
Business Acquisition [Line Items]
Assets and liabilities held for sale												$ 2,700
Minimum [Member] | Endeavor
Business Acquisition [Line Items]
Company's ownership of its equity method investments							6%			6%
Maximum [Member] | Endeavor
Business Acquisition [Line Items]
Company's ownership of its equity method investments							50%			50%
EGH [Member]
Business Acquisition [Line Items]
Cash Consideration	$ 8,400,000			$ 15,600
Total purchase price											3,900
Purchase price including contingent consideration		$ 900							$ 900		900
Accquisition controlling interest				73.50%
Acquisition cash paid				$ 4,600
Goodwill				13,800
Acquisition intangible assets				$ 4,200
EGH [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Number of shares issued				396,917
Value of shares issued for acquisition				$ 11,000			$ 800			$ 800
EGH [Member] | Minimum [Member]
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life				5 years
EGH [Member] | Maximum [Member]
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life				10 years
Diamond Baseball Holdings and Madrid Open [Member]
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life										18 years 8 months 12 days
Diamond Baseball Holdings and Madrid Open [Member] | Selling, General and Administrative Expenses [Member]
Business Acquisition [Line Items]
Transaction costs for investment banking services							31,600			$ 31,600
Mutua Madrid Open [Member]
Business Acquisition [Line Items]
Business Combination Aggregate Consideration					$ 386,100
Consideration payable					31,800
Contingent consideration payable					600
Aggregate purchase price					$ 386,100
Goodwill							$ 14,419			$ 14,419
Barrett Jackson Holdings Llc [Member]
Business Acquisition [Line Items]
Business Combination Aggregate Consideration			$ 256,900
Acquired finite-lived intangible assets, weighted average useful life							6 years 2 months 12 days			11 years 7 months 6 days
Aggregate consideration			$ 244,400
Accquisition controlling interest			55%
Aggregate purchase price			$ 256,900
Goodwill							$ 331,150			$ 331,150
Barrett Jackson Holdings Llc [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Aggregate value of shares			$ 12,500
Number of shares issued			563,935
Other 2023 Acquisitions [Member]
Business Acquisition [Line Items]
Cash Consideration										105,600
Purchase price including contingent consideration							8,200			8,200
Deferred purchase price										7,600
Acquisition cash paid										89,000
Goodwill							50,700			50,700
Acquisition intangible assets							58,200			$ 58,200
Other 2023 Acquisitions [Member] | Minimum [Member]
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life										3 years
Other 2023 Acquisitions [Member] | Maximum [Member]
Business Acquisition [Line Items]
Acquired finite-lived intangible assets, weighted average useful life										10 years 9 months 18 days
World Wrestling Entertainment [Member]
Business Acquisition [Line Items]
Consideration as replacement awards	49,300
Transaction costs for investment banking services	$ 87,500
Acquired finite-lived intangible assets, weighted average useful life	20 years 2 months 12 days
Revenue										$ 51,500
Finance lease right of use assets							236,300			236,300
Short term finance lease liability							6,400			6,400
Long term finance lease liability							233,000			233,000
Goodwill							5,041,414			5,041,414
World Wrestling Entertainment [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Acquisition cash paid	$ 321,000
Number of shares issued	83,161,123
Value of shares issued for acquisition	$ 8,000,000
OpenBet [Member]
Business Acquisition [Line Items]
Business Combination Aggregate Consideration											843,800
Aggregate consideration		797,100
Aggregate purchase price											843,800
Goodwill							470,029			470,029
OpenBet [Member] | Common Class A [Member]
Business Acquisition [Line Items]
Aggregate value of shares		$ 46,700
Number of shares issued		2,305,794
Diamond Baseball Holdings [Member]
Business Acquisition [Line Items]
Business Combination Aggregate Consideration						64,200					280,100
Aggregate purchase price						$ 64,200					280,100
Goodwill							$ 25,585			$ 25,585
Net gain recognized											$ 23,300

ACQUISITIONS AND DIVESTITURE _2

ACQUISITIONS AND DIVESTITURE - Schedule of Fair Values of the Assets Acquired and the Liabilities Assumed in the Business Combination (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Intangible assets:
Goodwill	$ 10,119,121	$ 5,284,697
Redeemable non-controlling interests	223,514	$ 253,079
Mutua Madrid Open [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	18,659
Accounts receivable	2,123
Deferred costs	1,124
Other current assets	470
Property and equipment	162
Right of use assets	0
Investments	0
Deferred Income taxes	0
Other assets	381
Intangible assets:
Goodwill	14,419
Accounts payable and accrued expenses	(1,609)
Other current liabilities	0
Operating lease liability	0
Deferred revenue	(20,780)
Debt	0
Other liabilities	(3,508)
Redeemable non-controlling interests	0
Net assets acquired	418,511
Mutua Madrid Open [Member] | Trade Names [Member]
Intangible assets:
Acquisition intangible assets	0
Mutua Madrid Open [Member] | Customer relationships [Member]
Intangible assets:
Acquisition intangible assets	0
Mutua Madrid Open [Member] | Owned Events [Member]
Intangible assets:
Acquisition intangible assets	407,070
Mutua Madrid Open [Member] | Other [Member]
Intangible assets:
Acquisition intangible assets	0
Mutua Madrid Open [Member] | Internally developed technology [Member]
Intangible assets:
Acquisition intangible assets	0
World Wrestling Entertainment [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	381,153
Accounts receivable	105,237
Assets held for sale	7,500
Other current assets	89,885
Property and equipment	392,077
Right of use assets	12,690
Investments	12,007
Other assets	263,288
Intangible assets:
Goodwill	5,041,414
Accounts payable and accrued expenses	(123,858)
Operating lease liability	(12,696)
Deferred revenue	(54,190)
Deferred tax liabilities	677,880
Debt	(16,934)
Other liabilities	(240,132)
Net assets acquired	8,432,061
World Wrestling Entertainment [Member] | Trade Names [Member]
Intangible assets:
Acquisition intangible assets	2,188,500
World Wrestling Entertainment [Member] | Customer relationships [Member]
Intangible assets:
Acquisition intangible assets	935,700
World Wrestling Entertainment [Member] | Other [Member]
Intangible assets:
Acquisition intangible assets	98,300
World Wrestling Entertainment [Member] | Internally developed technology [Member]
Intangible assets:
Acquisition intangible assets	30,000
Barrett Jackson Holdings Llc [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	10,783
Accounts receivable	1,706
Deferred costs	0
Other current assets	1,386
Property and equipment	4,290
Right of use assets	6,828
Investments	0
Deferred Income taxes	0
Other assets	0
Intangible assets:
Goodwill	331,150
Accounts payable and accrued expenses	(7,009)
Other current liabilities	0
Operating lease liability	(4,458)
Deferred revenue	(667)
Debt	(11,439)
Other liabilities	0
Redeemable non-controlling interests	(210,150)
Net assets acquired	256,920
Barrett Jackson Holdings Llc [Member] | Trade Names [Member]
Intangible assets:
Acquisition intangible assets	120,900
Barrett Jackson Holdings Llc [Member] | Customer relationships [Member]
Intangible assets:
Acquisition intangible assets	12,300
Barrett Jackson Holdings Llc [Member] | Owned Events [Member]
Intangible assets:
Acquisition intangible assets	0
Barrett Jackson Holdings Llc [Member] | Other [Member]
Intangible assets:
Acquisition intangible assets	0
Barrett Jackson Holdings Llc [Member] | Internally developed technology [Member]
Intangible assets:
Acquisition intangible assets	1,300
OpenBet [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	49,795
Accounts receivable	50,170
Deferred costs	0
Other current assets	12,237
Property and equipment	4,961
Right of use assets	8,401
Investments	1,100
Deferred Income taxes	1,281
Other assets	5,971
Intangible assets:
Goodwill	470,029
Accounts payable and accrued expenses	(13,324)
Other current liabilities	(13,085)
Operating lease liability	(8,401)
Deferred revenue	(3,756)
Debt	0
Other liabilities	(75,892)
Redeemable non-controlling interests	0
Net assets acquired	843,787
OpenBet [Member] | Trade Names [Member]
Intangible assets:
Acquisition intangible assets	67,000
OpenBet [Member] | Customer relationships [Member]
Intangible assets:
Acquisition intangible assets	134,000
OpenBet [Member] | Owned Events [Member]
Intangible assets:
Acquisition intangible assets	0
OpenBet [Member] | Other [Member]
Intangible assets:
Acquisition intangible assets	14,300
OpenBet [Member] | Internally developed technology [Member]
Intangible assets:
Acquisition intangible assets	139,000
Diamond Baseball Holdings [Member]
Business Acquisition [Line Items]
Cash and cash equivalents	0
Accounts receivable	89
Deferred costs	0
Other current assets	491
Property and equipment	4,403
Right of use assets	7,270
Investments	0
Deferred Income taxes	0
Other assets	103
Intangible assets:
Goodwill	25,585
Accounts payable and accrued expenses	(93)
Other current liabilities	(56)
Operating lease liability	(9,470)
Deferred revenue	(1,455)
Debt	0
Other liabilities	0
Redeemable non-controlling interests	0
Net assets acquired	64,237
Diamond Baseball Holdings [Member] | Trade Names [Member]
Intangible assets:
Acquisition intangible assets	0
Diamond Baseball Holdings [Member] | Customer relationships [Member]
Intangible assets:
Acquisition intangible assets	1,960
Diamond Baseball Holdings [Member] | Owned Events [Member]
Intangible assets:
Acquisition intangible assets	0
Diamond Baseball Holdings [Member] | Other [Member]
Intangible assets:
Acquisition intangible assets	35,410
Diamond Baseball Holdings [Member] | Internally developed technology [Member]
Intangible assets:
Acquisition intangible assets	$ 0

ACQUISITIONS AND DIVESTITURE _3

ACQUISITIONS AND DIVESTITURE - Schedule of Pro Forma Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Combinations [Abstract]
Pro forma revenue	$ 1,573,901	$ 1,519,888	$ 5,312,339	$ 4,965,213
Pro forma net (loss) income	$ (22,568)	$ (50,772)	$ 650,193	$ 132,456

SUPPLEMENTARY DATA - Summary of

SUPPLEMENTARY DATA - Summary of Accrued Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Accrued Liabilities, Current [Abstract]
Accrued operating expenses	$ 325,027	$ 254,737
Payroll, bonuses and benefits	269,461	176,315
Other	112,731	94,187
Total accrued liabilities	$ 707,219	$ 525,239

SUPPLEMENTARY DATA - Summary _2

SUPPLEMENTARY DATA - Summary of Allowance for Doubtful Accounts (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Allowance For Doubtful Accounts [Abstract]
Balance at Beginning of Year	$ 54,766
Additions/Charged to Costs and Expenses, Net	17,782
Deductions	(11,266)
Foreign Exchange	(197)
Divestitures	(6,799)
Balance at End of Period	$ 54,286

SUPPLEMENTARY DATA - Summary _3

SUPPLEMENTARY DATA - Summary of Supplemental Cash Flow (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Supplemental information:
Cash paid for interest	$ 254,685	$ 160,217
Cash payments for income taxes	55,227	33,309
Non-cash investing and financing activities:
Capital expenditures included in accounts payable and accrued liabilities	33,457	8,037
Contingent consideration provided in connection with acquisitions	8,160	1,500
Establishment and acquisition of non-controlling interests	6,331	414,985
Accretion of redeemable non-controlling interests	6,465	83,849
Investment in affiliates retained from a business divestiture	0	202,220
Deferred consideration in connection with acquisitions	6,567	31,770
Acquisition of WWE, net of deferred consideration	8,111,055	0
Establishment of liabilities under tax receivable agreement	59,028	4,639
Deferred tax asset	51,845	5,458
Common Class A [Member]
Non-cash investing and financing activities:
Issuance of Class A common stock due to an acquisition	$ 781	$ 70,254

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Summary of Changes in the Carrying Value of Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Goodwill [Line Items]
Balance - December 31, 2022	$ 5,284,697
Acquisitions	5,092,201
Reclassification	0
Impairment	(14,496)
Foreign currency translation and other	(7,905)
Divestiture	(235,376)
Balance - September 30, 2023	10,119,121
Owned Sports Properties [Member]
Goodwill [Line Items]
Balance - December 31, 2022	2,674,038
Acquisitions	5,041,414
Reclassification	0
Impairment	0
Foreign currency translation and other	0
Divestiture	0
Balance - September 30, 2023	7,715,452
Events, Experiences & Rights [Member]
Goodwill [Line Items]
Balance - December 31, 2022	2,112,403
Acquisitions	20,465
Reclassification	(607,427)
Impairment	(14,496)
Foreign currency translation and other	747
Divestiture	(235,376)
Balance - September 30, 2023	1,276,316
Representation [Member]
Goodwill [Line Items]
Balance - December 31, 2022	498,256
Acquisitions	18,064
Reclassification	0
Impairment	0
Foreign currency translation and other	(414)
Divestiture	0
Balance - September 30, 2023	515,906
Sports Data & Technology [Member]
Goodwill [Line Items]
Balance - December 31, 2022	0
Acquisitions	12,258
Reclassification	607,427
Impairment	0
Foreign currency translation and other	(8,238)
Balance - September 30, 2023	$ 611,447

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Summary of Company's Identifiable Intangible Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Total Amortized Gross	$ 6,097,910	$ 2,834,463
Total Intangible Assets Gross	6,993,385	3,759,722
Accumulated Amortization	(1,650,767)	(1,554,139)
Carrying Value	4,447,143	1,280,324
Total Intangible Assets Carrying Value	5,342,618	2,205,583
Indefinite-Lived Trade Names	415,929	447,559
Indefinite-Lived Intangible Assets Accumulated Amortization of Trade Names	0	0
Owned Events [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-Lived Owned Events	14,387	463,481
Indefinite-Lived Intangible Assets Accumulated Amortization of Owned Events	0	0
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived other	465,159	14,219
Other Indefinite-Lived Intangible Assets Accumulated Amortization	$ 0	$ 0
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	22 years 6 months	17 years 1 month 6 days
Total Amortized Gross	$ 3,225,437	$ 1,048,530
Accumulated Amortization	(389,746)	(343,895)
Carrying Value	$ 2,835,691	$ 704,635
Customer and Client Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	8 years 7 months 6 days	6 years 10 months 24 days
Total Amortized Gross	$ 2,415,187	$ 1,464,584
Accumulated Amortization	(1,119,646)	(1,073,017)
Carrying Value	$ 1,295,541	$ 391,567
Internally Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	6 years 3 months 18 days	6 years 6 months
Total Amortized Gross	$ 308,481	$ 276,094
Accumulated Amortization	(95,213)	(92,573)
Carrying Value	$ 213,268	$ 183,521
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life (in years)	4 years	4 years 2 months 12 days
Total Amortized Gross	$ 148,805	$ 45,255
Accumulated Amortization	(46,162)	(44,654)
Carrying Value	$ 102,643	$ 601

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Intangible asset amortization expense	$ 55,600	$ 39,100	$ 135,700	$ 123,400
Impairment charges	28,196	$ 689	28,196	$ 689
Trade Names [Member]
Impairment charges	$ 13,700		$ 13,700

INVESTMENTS - Additional Inform

INVESTMENTS - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Jan. 31, 2022	Dec. 31, 2021
Schedule of Held-to-Maturity Securities [Line Items]
Percentage of ownership sold						80%
Cash and cash equivalents, Carrying value	$ 1,337,665		$ 1,337,665		$ 767,828
carrying value of company's equity method investments	189,380		189,380				$ 209,523
Equity losses of affiliates, net of tax	(2,748)	$ (84,504)	(22,291)	$ (145,026)
Other than Temporary Impairment			9,200
Equity Method Investee Member
Schedule of Held-to-Maturity Securities [Line Items]
Increase in fair value of equity investments	0	500	700	14,500
Investments Under Cost Methods [Member]
Schedule of Held-to-Maturity Securities [Line Items]
Equity method investments without Readily Determinable Fair Values, Net proceeds from sale	0	3,000	2,300	3,300
Equity method investment without Readily Determinable Fair Values, gain from sale recorded	0	3,000	1,100	3,300
Learfield IMG College
Schedule of Held-to-Maturity Securities [Line Items]
Equity losses of affiliates, net of tax	0	78,700	0	137,500
Result of annual goodwill and indefinite lived intangibles asset impairment		56,100		56,100
Endeavor
Schedule of Held-to-Maturity Securities [Line Items]
Company's ownership of its equity method investments						20%
Fifth Season
Schedule of Held-to-Maturity Securities [Line Items]
Equity losses of affiliates, net of tax	$ 600	$ 4,400	$ 19,700	$ 9,500
Maximum [Member] | Learfield IMG College
Schedule of Held-to-Maturity Securities [Line Items]
Company's ownership of its equity method investments	42%		42%
Maximum [Member] | Endeavor
Schedule of Held-to-Maturity Securities [Line Items]
Company's ownership of its equity method investments	50%		50%
Minimum [Member] | Learfield IMG College
Schedule of Held-to-Maturity Securities [Line Items]
Company's ownership of its equity method investments	1%		1%
Minimum [Member] | Endeavor
Schedule of Held-to-Maturity Securities [Line Items]
Company's ownership of its equity method investments	6%		6%

INVESTMENTS - Summary of Compan

INVESTMENTS - Summary of Company's Investments (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Equity method investments	$ 189,380	$ 209,523
Equity investments without readily determinable fair values	197,349	127,297
Equity investments with readily determinable fair values	265	153
Total investments	$ 386,994	$ 336,973

FINANCIAL INSTRUMENTS - Additio

FINANCIAL INSTRUMENTS - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Financial Instrument [Line Items]
Outstanding forward foreign exchange contracts maturities			12 months
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	$ 6,400,000	$ 45,100,000	$ 24,400,000	$ 107,300,000
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	16,300,000	0	42,700,000	(12,400,000)
2.05% Interest Rate Swap [Member]
Financial Instrument [Line Items]
Debt Instrument, face amount	$ 1,500,000,000		$ 1,500,000,000
2.05% Interest Rate Swap [Member] | SOFR [Member]
Financial Instrument [Line Items]
Fixed rate	2.05%		2.05%
3.10% Interest Rate Swap [Member]
Financial Instrument [Line Items]
Debt Instrument, face amount	$ 750,000,000		$ 750,000,000
3.10% Interest Rate Swap [Member] | SOFR [Member]
Financial Instrument [Line Items]
Fixed rate	3.10%		3.10%
Designated As Cash Flow Hedge [Member] | Forward Foreign Exchange Contracts [Member]
Financial Instrument [Line Items]
Recognized net gains (losses) in accumulated other comprehensive (losses) gains	$ 0	0	$ 0	(300,000)
Reclassification of gains or losses into income (loss)	0	0	0	800,000
Other Nonoperating Income (Expense) [Member] | Forward Foreign Exchange Contracts [Member]
Financial Instrument [Line Items]
Net Gain (Loss) on foreign exchange contracts	1,000,000	(7,700,000)	1,200,000	(8,800,000)
Other Nonoperating Income (Expense) [Member] | Not Designated As Cash Flow Hedge [Member] | Forward Foreign Exchange Contracts [Member]
Financial Instrument [Line Items]
Net Gain (Loss) on foreign exchange contracts	$ 3,400,000	$ 4,300,000	$ 3,000,000	$ (7,400,000)

FINANCIAL INSTRUMENTS - Schedul

FINANCIAL INSTRUMENTS - Schedule of Outstanding Forward Foreign Exchange Contracts Balances (Detail) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 GBP (£)	Sep. 30, 2023 EUR (€)	Sep. 30, 2023 SGD ($)	Sep. 30, 2022 USD ($)
Schedule Of Outstanding Forward Foreign Exchange Contracts Balances [Line Items]
Foreign Currency Amount	$ 11,795				$ (28,353)
British Pound Sterling [Member]
Schedule Of Outstanding Forward Foreign Exchange Contracts Balances [Line Items]
Foreign Currency Amount | £		£ 46,846
US Dollar Amount	$ 57,644
Weighted Average Exchange Rate Per $1 USD	0.0081
Euro [Member]
Schedule Of Outstanding Forward Foreign Exchange Contracts Balances [Line Items]
Foreign Currency Amount | €			€ 4,884
US Dollar Amount	$ 5,400
Weighted Average Exchange Rate Per $1 USD	0.009
Singapore Dollar [Member]
Schedule Of Outstanding Forward Foreign Exchange Contracts Balances [Line Items]
Foreign Currency Amount				$ 4,800
US Dollar Amount	$ 3,679
Weighted Average Exchange Rate Per $1 USD	0.013

FAIR VALUE MEASUREMENTS - Addit

FAIR VALUE MEASUREMENTS - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Transfers of assets or liabilities between fair value measurement classifications	$ 0	$ 0
Foreign Current Derivatives [Member] | Other Current Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of foreign currency derivatives	600,000	600,000	$ 0
Foreign Current Derivatives [Member] | Other Long Term Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of foreign currency derivatives	1,500,000	1,500,000	5,100,000
Foreign Current Derivatives [Member] | Other Current Liabilities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of foreign currency derivatives	3,500,000	3,500,000	6,000,000
Interest Rate Swap [Member] | Other Assets
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of the interest rate swaps	$ 53,700,000	$ 53,700,000	$ 75,900,000

FAIR VALUE MEASUREMENTS - Summa

FAIR VALUE MEASUREMENTS - Summary of Fair Value Of Assets and Liabilities Measured on Recurring Basis (Detail) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets:
Investments in equity securities with readily determinable fair values	$ 265	$ 153
Interest rate swaps	53,657	75,865
Forward foreign exchange contracts	656
Total	54,578	76,018
Liabilities:
Contingent consideration	9,485	4,524
Forward foreign exchange contracts	4,957	11,107
Total	14,442	15,631
Level I [Member]
Assets:
Investments in equity securities with readily determinable fair values	265	153
Interest rate swaps	0	0
Forward foreign exchange contracts	0
Total	265	153
Liabilities:
Contingent consideration	0	0
Forward foreign exchange contracts	0	0
Total	0	0
Level II [Member]
Assets:
Investments in equity securities with readily determinable fair values	0	0
Interest rate swaps	53,657	75,865
Forward foreign exchange contracts	656
Total	54,313	75,865
Liabilities:
Contingent consideration	0	0
Forward foreign exchange contracts	4,957	11,107
Total	4,957	11,107
Level III [Member]
Assets:
Investments in equity securities with readily determinable fair values	0	0
Interest rate swaps	0	0
Forward foreign exchange contracts	0
Total	0	0
Liabilities:
Contingent consideration	9,485	4,524
Forward foreign exchange contracts	0	0
Total	$ 9,485	$ 4,524

DEBT - Additional Information (

DEBT - Additional Information (Detail) $ in Thousands			9 Months Ended	12 Months Ended
	Jul. 31, 2023 USD ($)	Apr. 30, 2023	Sep. 30, 2023 USD ($) Contract	Dec. 31, 2022 USD ($)
Debt Instrument [Line Items]
Long-term debt			$ 5,046,417	$ 5,168,546
Redeemable non-controlling interests			223,514	253,079
Other current liabilities			288,084	107,675
EDR Endeavor Group Holdings [Member]
Debt Instrument [Line Items]
Tax receivable agreements liability				1,011,700
Other long-term liabilities				961,600
Other current liabilities				50,100
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Outstanding letters of credit			2,300,000	2,300,000
Line of credit			200,000
Debt instrument, maturity date		Nov. 18, 2024
2014 Credit Facilities [Member]
Debt Instrument [Line Items]
Outstanding letters of credit			0	0
2014 Credit Facilities [Member] | Letter of credit
Debt Instrument [Line Items]
Outstanding letters of credit			29,000	19,400
Zuffa Credit Facilities [Member]
Debt Instrument [Line Items]
Outstanding letters of credit			2,700,000	2,800,000
Line of credit			205,000
Debt instrument, maturity date		Oct. 29, 2024
Letters of credit maximum face amount			40,000
Swingline loan maximum amount			15,000
Zuffa Credit Facilities [Member] | Letter of credit
Debt Instrument [Line Items]
Outstanding letters of credit				0
Zuffa Credit Facilities [Member] | Incremental term loan
Debt Instrument [Line Items]
Outstanding letters of credit			0	0
TKO Group Holdings Inc [Member] | Letter of credit
Debt Instrument [Line Items]
Outstanding letters of credit			10,000
New First Lien Term Loan [Member]
Debt Instrument [Line Items]
Repayment of line of credit	$ 32,000
OLE Revolving Credit Agreement [Member]
Debt Instrument [Line Items]
Outstanding letters of credit			$ 0	0
First lien leverage ratio | Contract			3
Long-term debt			$ 2,000
Percentage of revolving commitments			40%
Repayment of line of credit	16,900
OLE Revolving Credit Agreement [Member] | Letter of credit
Debt Instrument [Line Items]
Outstanding letters of credit			$ 0	0
Other Debt Agreement [Member]
Debt Instrument [Line Items]
Outstanding amount paid	$ 18,000
Receivables Purchase Agreement [Member]
Debt Instrument [Line Items]
Long-term debt			4,700	28,200
2014 Credit Facilities and Zuffa Credit Facilities [Member]
Debt Instrument [Line Items]
Debt instrument fair value			5,000,000	5,000,000
2014 Credit Facilities and Zuffa Credit Facilities [Member] | EDR Endeavor Group Holdings [Member]
Debt Instrument [Line Items]
Income taxe payable			150,200
Long term deferred tax benefit			563,500	$ 756,400
Tax receivable agreements liability			1,028,400
Other long-term liabilities			871,900
Other current liabilities			$ 156,500
Maximum [Member]
Debt Instrument [Line Items]
Percentage of revolving commitments			40%	40%

DEBT - Summary of Outstanding D

DEBT - Summary of Outstanding Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total principal	$ 5,083,430	$ 5,219,173
Unamortized discount	(12,642)	(17,523)
Unamortized issuance costs	(24,371)	(33,104)
Total debt	5,046,417	5,168,546
Less: current portion	(63,013)	(88,309)
Total long-term debt	4,983,404	5,080,237
First Lien Term Loan (due May 2025) [Member]
Debt Instrument [Line Items]
Total principal	2,251,947	2,305,916
Zuffa First Lien Term Loan (due April 2026) [Member]
Debt Instrument [Line Items]
Total principal	2,736,517	2,759,767
Other Debt (3.25%-14.50% Notes due at various dates through 2031) [Member]
Debt Instrument [Line Items]
Total principal	$ 94,966	$ 153,490

DEBT - Summary of Outstanding_2

DEBT - Summary of Outstanding Debt (Parenthetical) (Detail)	9 Months Ended
	Sep. 30, 2023
First Lien Term Loan (due May 2025) [Member]
Debt Instrument [Line Items]
Line of credit maturity date	May 2025
Zuffa First Lien Term Loan (due April 2026) [Member]
Debt Instrument [Line Items]
Line of credit maturity date	April 2026
Other Debt (3.25%-14.50% Notes due at various dates through 2031) [Member]
Debt Instrument [Line Items]
Line of credit maturity date	2033
Other Debt (3.25%-14.50% Notes due at various dates through 2031) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit interest rate	14.50%
Other Debt (3.25%-14.50% Notes due at various dates through 2031) [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit interest rate	3.25%

SHAREHOLDERS' EQUITY - Addition

SHAREHOLDERS' EQUITY - Additional Information (Detail) - USD ($) $ in Millions		1 Months Ended	3 Months Ended	9 Months Ended
	Sep. 12, 2023	Oct. 31, 2023	Sep. 30, 2023	Sep. 30, 2023	May 31, 2023
Schedule of Shareholders' Equity [Line Items]
Number of EOC common units redeemed		4,000,000
EOC common units redeemed value		$ 93.6
TKO Group Holdings Inc [Member]
Schedule of Shareholders' Equity [Line Items]
Controlling non-economic Voting interest	51%
Voting Interest	49%
Economic Ownership Interest	100%
OPCO[Member]
Schedule of Shareholders' Equity [Line Items]
Economic Interest in an operating subsidiary	51%
Economic Ownership Interest	49%
Common Class A [Member]
Schedule of Shareholders' Equity [Line Items]
Repurchase of shares			6,533,279	6,533,279
Cash dividend				$ 27.4
Common Class A [Member] | Accelerated Share Repurchase Agreement [Member]
Schedule of Shareholders' Equity [Line Items]
Stock repurchases reorganization transactions, authorized amount			$ 200	$ 200
Repurchase of shares			6,500,000	6,500,000
Common Class A [Member] | Maximum [Member]
Schedule of Shareholders' Equity [Line Items]
Stock repurchases reorganization transactions, authorized amount					$ 300

REDEEMABLE NON-CONTROLLING INTE

REDEEMABLE NON-CONTROLLING INTERESTS - Additional Information (Detail) - USD ($) $ in Thousands	1 Months Ended
	Jul. 31, 2018	Sep. 30, 2023	May 31, 2023	Dec. 31, 2022	Aug. 31, 2022
Redeemable Noncontrolling Interest [Line Items]
Estimated redemption value of the non-controlling interest		$ 223,514		$ 253,079
Proceeds from noncontrolling interests	$ 9,700
EBIT DA multiplication factor		7.5
Zuffa [Member]
Redeemable Noncontrolling Interest [Line Items]
Temporary equity, estimated redemption value		$ 9,900		9,700
Frieze [Member]
Redeemable Noncontrolling Interest [Line Items]
Business acquisition sale of remaining interest		30%	30%
Exercise of call option			$ 16,500
Barrett Jackson Holdings Llc [Member]
Redeemable Noncontrolling Interest [Line Items]
Business acquisition percentage of shares issued					29.90%
Temporary equity, estimated redemption value		$ 213,100		$ 207,900
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value					$ 210,100
EBIT DA multiplication factor					13

EARNINGS PER SHARE - Schedule o

EARNINGS PER SHARE - Schedule of Basic and Diluted Earnings Per Share and Weighted Average Shares Outstanding (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Numerator
Consolidated net (loss) income	$ (115,984)	$ (12,538)	$ 586,806	$ 547,348
Net (loss) income attributable to NCI	(46,776)	(2,499)	244,809	212,035
Net (loss) income attributable to the Company	(69,208)	(10,039)	341,997	335,313
Net (loss) income attributable to the Company	(76,098)	(10,039)	340,219	538,703
Adjustment to net (loss) income attributable to the Company	0	0	(2,452)	4,348
Adjustment to net (loss) income attributable to the Company	0	(1,422)	(2,452)	(1,803)
Net (loss) income attributable to EGH common shareholders	(69,208)	(10,039)	339,545	339,661
Net (loss) income attributable to EGH common shareholders	$ (76,098)	$ (11,461)	$ 337,767	$ 536,900
Denominator
Weighted average Class A Common Shares outstanding - Basic	301,876,322	285,870,317	298,311,200	278,724,574
Additional shares assuming exchange of all EOC Profits Units	0	0	828,375	1,884,386
Additional shares from RSUs, Stock Options and Phantom Units, as calculated using the treasury stock method	0	0	2,165,692	1,875,609
Additional shares assuming exchange of all Endeavor Operating Units and Endeavor Manager Units	0	0	0	167,046,923
Additional shares assuming redemption of redeemable non-controlling interests	0	3,936,316	0	1,226,569
Shares to be received under the accelerated share repurchase agreement	(1,236,180)	0	0	0
Weighted average number of shares used in computing diluted (loss) earnings per share	300,640,142	289,806,633	301,305,267	450,758,061
Basic (loss) earnings per share	$ (0.23)	$ (0.04)	$ 1.14	$ 1.22
Diluted (loss) earnings per share	$ (0.25)	$ (0.04)	$ 1.12	$ 1.19
Common Class A [Member]
Denominator
Weighted average Class A Common Shares outstanding - Basic	301,876,322	285,870,317	298,311,200	278,724,574
Operating Unit [Member]
Numerator
Net (loss) income attributable to NCI	$ (43,968)	$ (1,879)	$ 208,687	$ 183,353
Net (loss) income attributable to NCI	(37,078)	(1,879)	209,215	8,645
Manager units [Member]
Numerator
Net (loss) income attributable to NCI	(2,808)	(620)	36,122	28,682
Net (loss) income attributable to NCI	$ (2,808)	$ (620)	$ 37,372	$ 0

EARNINGS PER SHARE - Schedule_2

EARNINGS PER SHARE - Schedule of Antidilutive Securities (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	4,094,349	4,131,574	4,094,349	2,512,767
Unvested Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	8,708,363	6,925,143	2,243,987	1,261,040
Manager LLC Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	22,615,094	24,524,798	22,615,094	0
EOC Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	133,522,244	143,438,952	133,149,753	0
EOC Profits Interest [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	15,520,567	15,777,736	0	0
Redeemable Non-controlling Interests [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities	0	0	5,860,749	0
Accelerated Share Repurchase Agreement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Accelerated share repurchase agreement	0	0	(412,060)	0

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 16, 2022	Dec. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Provision for (benefit from) income taxes			$ 29,995	$ 8,515	$ 205,906	$ (6,020)
(Loss) income from continuing operations			$ (83,241)	$ 80,481	$ 815,003	$ 686,354
Effective income tax rate			(36.00%)	10.60%	25.30%	(0.90%)
Valuation allowance on differed tax assets				$ 12,200		$ 65,900
Unrecognized tax benefits		$ 42,400	$ 50,200		$ 50,200
Percentage of realized tax benefits payable pursuant to an agreement	15%	15%
Tax benefit, valuation allowance					$ 18,300
Tax Receivable Agreement [Member]
Percentage of realized tax benefits payable pursuant to an agreement					85%

REVENUE - Summary Of Company's

REVENUE - Summary Of Company's Revenue Disaggregated By Primary Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 1,344,395	$ 1,221,416	$ 4,377,444	$ 4,007,694
Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	479,748	402,272	1,173,125	1,030,891
Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	367,064	394,118	1,758,928	1,742,861
Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	385,619	388,335	1,117,008	1,103,611
Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	124,847	46,720	356,271	152,134
Eliminations [Member]
Disaggregation of Revenue [Line Items]
Revenue	(12,883)	(10,029)	(27,888)	(21,803)
Eliminations [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Eliminations [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Eliminations [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Eliminations [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Media Rights [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	426,831	333,910	1,200,296	1,000,145
Media Rights [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	261,545	200,310	632,277	529,343
Media Rights [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	88,002	86,880	323,116	318,668
Media Rights [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Media Rights [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	77,284	46,720	244,903	152,134
Technology Platforms And Services [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	61,559	20,650	154,846	66,557
Technology Platforms And Services [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Technology Platforms And Services [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	13,996	20,650	43,478	66,557
Technology Platforms And Services [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Technology Platforms And Services [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	47,563	0	111,368	0
Media Production, Distribution And Content [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	155,419	126,156	442,636	386,592
Media Production, Distribution And Content [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	1,180	1,026	4,816	5,150
Media Production, Distribution And Content [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	82,648	63,743	216,656	182,302
Media Production, Distribution And Content [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	71,591	61,387	221,164	199,140
Media Production, Distribution And Content [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Events And Performance [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	399,441	423,781	1,711,710	1,671,732
Events And Performance [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	217,023	200,936	536,032	496,398
Events And Performance [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	182,418	222,845	1,175,678	1,175,334
Events And Performance [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Events And Performance [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Talent Representation And Licensing [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	227,389	244,370	654,741	665,929
Talent Representation And Licensing [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Talent Representation And Licensing [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Talent Representation And Licensing [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	227,389	244,370	654,741	665,929
Talent Representation And Licensing [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Marketing [Member] | Reportable Subsegments [Member]
Disaggregation of Revenue [Line Items]
Revenue	86,639	82,578	241,103	238,542
Marketing [Member] | Reportable Subsegments [Member] | Owned Sports Properties [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Marketing [Member] | Reportable Subsegments [Member] | Events, Experiences & Rights [Member]
Disaggregation of Revenue [Line Items]
Revenue	0	0	0	0
Marketing [Member] | Reportable Subsegments [Member] | Representation [Member]
Disaggregation of Revenue [Line Items]
Revenue	86,639	82,578	241,103	238,542
Marketing [Member] | Reportable Subsegments [Member] | Sports Data & Technology [Member]
Disaggregation of Revenue [Line Items]
Revenue	$ 0	$ 0	$ 0	$ 0

REVENUE - Summary Of Transactio

REVENUE - Summary Of Transaction Price Related To These Future Obligation (Detail) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 8,085,195
Remainder of 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	659,357
2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	2,449,124
2025
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	1,994,888
2026
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	883,883
2027
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	757,563
Thereafter
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, amount	$ 1,340,380

REVENUE - Summary Of Company'_2

REVENUE - Summary Of Company's Contract Liabilities (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Contract with Customer, Liability [Abstract]
Beginning Balance	$ 716,147
Additions	2,288,189
Deductions	(2,186,943)
Acquisitions	79,988
Divestures	(143,011)
Foreign Exchange	(3,057)
Ending Balance	751,313
Beginning Balance	91,838
Additions	83,050
Deductions	(110,311)
Acquisitions	0
Divestures	(35,195)
Foreign Exchange	(1,676)
Ending Balance	$ 27,706

REVENUE - Additional Informatio

REVENUE - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 16.2	$ 12.8	$ 39.3	$ 42.4

SEGMENT INFORMATION (Additional

SEGMENT INFORMATION (Additional Information) (Detail)	9 Months Ended
	Sep. 30, 2023 Segment
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of reportable segments	4

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue, Major Customer [Line Items]
Revenues	$ 1,344,395	$ 1,221,416	$ 4,377,444	$ 4,007,694
Owned Sports Properties [Member]
Revenue, Major Customer [Line Items]
Revenues	479,748	402,272	1,173,125	1,030,891
Representation [Member]
Revenue, Major Customer [Line Items]
Revenues	385,619	388,335	1,117,008	1,103,611
Sports Data & Technology [Member]
Revenue, Major Customer [Line Items]
Revenues	124,847	46,720	356,271	152,134
Operating Segments [Member] | Owned Sports Properties [Member]
Revenue, Major Customer [Line Items]
Revenues	479,748	402,272	1,173,125	1,030,891
Operating Segments [Member] | Events Experiences & Rights [Member]
Revenue, Major Customer [Line Items]
Revenues	367,064	394,118	1,758,928	1,742,861
Operating Segments [Member] | Representation [Member]
Revenue, Major Customer [Line Items]
Revenues	385,619	388,335	1,117,008	1,103,611
Operating Segments [Member] | Sports Data & Technology [Member]
Revenue, Major Customer [Line Items]
Revenues	124,847	46,720	356,271	152,134
Eliminations [Member]
Revenue, Major Customer [Line Items]
Revenues	$ (12,883)	$ (10,029)	$ (27,888)	$ (21,803)

SEGMENT INFORMATION - Schedule

SEGMENT INFORMATION - Schedule of Reconciliation of Segment Profitability (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Segment Reporting Information [Line Items]
Depreciation and amortization			$ (209,036)	$ (195,177)
Tax receivable agreement liability adjustment	$ (20,297)	$ (10,405)	(7,779)	(61,497)
(Loss) income before income taxes and equity losses of affiliates	(83,241)	80,481	815,003	686,354
Operating Segments [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	311,617	303,082	922,926	923,886
Equity (earnings) losses of affiliates	(1,846)	1,333	2,594	(4,060)
Interest expense, net	(81,956)	(75,608)	(257,360)	(197,385)
Depreciation and amortization	(81,207)	(63,571)	(209,036)	(195,177)
Equity-based compensation expense	(62,104)	(48,388)	(202,555)	(159,851)
Merger, acquisition and earn-out costs	(76,584)	(30,529)	(107,499)	(57,891)
Certain legal costs	(8,322)	(1,604)	(12,233)	(11,204)
Restructuring, severance and impairment	(48,852)	(869)	(70,788)	(2,829)
Fair value adjustment - equity investments	148	291	929	13,635
Net gain on sale of the restricted Endeavor Content business	0	0	0	463,641
Net gain on sale of the Academy business	0	0	736,978	0
Tax receivable agreement liability adjustment	(20,297)	(10,405)	(7,779)	(61,497)
Other	(13,838)	6,749	18,826	(24,914)
Operating Segments [Member] | Owned Sports Properties [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	237,417	195,749	602,322	505,760
Operating Segments [Member] | Events, Experiences & Rights [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	29,846	45,506	214,420	264,070
Operating Segments [Member] | Representation [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	96,325	132,923	287,680	345,849
Operating Segments [Member] | Sports Data & Technology [Member]
Segment Reporting Information [Line Items]
Adjusted EBITDA	23,994	4,162	42,203	26,198
Operating Segments [Member] | Corporate
Segment Reporting Information [Line Items]
Adjusted EBITDA	$ (75,965)	$ (75,258)	$ (223,699)	$ (217,991)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES - Additional Information (Detail) € in Millions	1 Months Ended				3 Months Ended	4 Months Ended
	Dec. 31, 2022 EUR (€) Count	Dec. 31, 2020 EUR (€) Count	Jul. 31, 2019 EUR (€) Count	May 31, 2019 EUR (€)	Dec. 31, 2022 EUR (€) Count	Mar. 31, 2015 Count
Ten Clubs [Member]
Loss Contingency Damages Paid Value		€ 284.9
New claims filed, number | Count					10
One Further Club[Member]
Loss Contingency Damages Paid Value	€ 326.9
New claims filed, number | Count	1
Original Plaintiffs [Member] | Four clubs [Member]
Loss Contingency Damages Paid Value					€ 1,675
Zuffa [Member]
New claims filed, number | Count						5
UFC Fighters [Member]
New claims filed, number | Count						11
Three Football Clubs [Member]
New claims filed, number | Count			3
Four Additional Football Club [Member]
New claims filed, number | Count		4
Breach of Competition Law [Member] | Italian Competition Authority [Member]
Loss contingency, loss in period				€ 0.3
Breach of Competition Law [Member] | Lega Nazionale [Member]
Loss contingency, damages sought, value			€ 1,750
Breach of Competition Law [Member] | Three Football Clubs [Member]
Loss contingency, damages sought, value			€ 554.6
Breach of Competition Law [Member] | Four Additional Football Club [Member]
Loss contingency, damages sought, value		€ 251.5

RELATED PARTY TRANSACTIONS - A

RELATED PARTY TRANSACTIONS - Additional Information (Detail) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 16, 2022	Dec. 31, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues			$ 1,344,395	$ 1,221,416	$ 4,377,444	$ 4,007,694
Accrued liabilities		$ 525,239	707,219		707,219
Company Provided Loan			30,000		$ 30,000
Percentage of realized tax benefits payable pursuant to an agreement	15%	15%
Tax Receivable Agreement [Member]
Percentage of realized tax benefits payable pursuant to an agreement					85%
Tax Liability Pursuant To An Agreement		$ 1,011,700	1,028,400		$ 1,028,400
Euroleague [Member]
Other Receivables		8,400	13,300		13,300
Other Liabilities		1,000	2,100		2,100
Raine group
Business acquisition transaction costs			0	7,000	10,800	25,800
Investment in non marketable funds		2,100	3,300		3,300
Production Services [Member] | Euroleague [Member]
Revenues			100	6,500	(300)	(100)
Management Services [Member] | Euroleague [Member]
Revenues			100	6,000	500	200
Gaming Rights [Member] | Euroleague [Member]
Direct Operating Costs			200	5,000	3,100	100
Related Party Transaction Due From To Related Party [Member]
Revenues			5,940	9,365	35,994	26,946
Direct Operating Costs			3,486	$ 9,661	12,155	$ 14,003
Related Party Transaction Due From To Related Party [Member] | Tax Receivable Agreement [Member]
Tax Liability Pursuant To An Agreement		$ 390,100	$ 374,800		$ 374,800

RELATED PARTY TRANSACTIONS - S

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Other current assets	$ 436,016		$ 436,016		$ 293,206
Investments	386,994		386,994			$ 336,973
Deferred revenue	751,313		751,313		716,147
Other current liabilities	288,084		288,084		107,675
Revenues	1,344,395	$ 1,221,416	4,377,444	$ 4,007,694
Selling, General and Administrative Expense	715,231	601,469	2,017,115	1,729,174
Related party transactions [Member]
Related Party Transaction [Line Items]
Other current assets	19,820		19,820		17,827
Other assets	30,042		30,042		0
Investments	3,322		3,322		2,146
Deferred revenue	697		697		825
Other current liabilities	6,063		6,063		$ 3,801
Revenues	5,940	9,365	35,994	26,946
Direct Operating Costs	3,486	9,661	12,155	14,003
Selling, General and Administrative Expense	702	859	3,250	3,325
Other (expense) income, net	$ 0	$ (9,925)	$ (5,254)	$ (23,175)

SUBSEQUENT EVENTS - Additional

SUBSEQUENT EVENTS - Additional Information (Detail) shares in Millions	1 Months Ended
	Oct. 31, 2023 shares
Subsequent Event [Line Items]
Number of EOC common units redeemed	4