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Why Endeavor Group Holdings Stock Climbed on Tuesday

Danny Vena, The Motley Fool
·2-min read
Why Endeavor Group Holdings Stock Climbed on Tuesday

Shares of Endeavor Group Holdings (NYSE: EDR) traded higher on Tuesday, climbing as much as 12.9% earlier in the session. The live event entertainment specialist and parent of mixed martial arts league Ultimate Fighting Championship and the Miss Universe pageant climbed when the company reported solid second-quarter earnings. Endeavor generated revenue of $1.11 billion, up 140% year over year, compared to anemic results at the height of the pandemic, and just missing analysts' consensus estimates of $1.14 billion.

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