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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue $ 1,312,515 $ 1,111,272 $ 2,786,278 $ 2,180,854
Operating expenses:        
Direct operating costs 508,385 570,955 1,203,026 1,117,347
Selling, general and administrative expenses 587,499 785,101 1,127,705 1,166,214
Insurance recoveries 0 (10,210) (993) (29,867)
Depreciation and amortization 65,612 69,161 131,606 136,397
Impairment charges 0 3,770 0 3,770
Total operating expenses 1,161,496 1,418,777 2,461,344 2,393,861
Operating income (loss) 151,019 (307,505) 324,934 (213,007)
Other (expense) income:        
Interest expense, net (62,505) (83,836) (121,777) (152,187)
Loss on extinguishment of debt 0 (28,628) 0 (28,628)
Tax receivable agreements liability adjustment (2,405) 0 (51,092) 0
Other (expense) income, net (6,133) 7,933 453,808 4,718
Income (loss) before income taxes and equity losses of affiliates 84,786 (412,036) 605,873 (389,104)
Provision for (benefit from) income taxes 2,699 60,918 (14,535) 66,003
Income (loss) before equity losses of affiliates 82,087 (472,954) 620,408 (455,107)
Equity losses of affiliates, net of tax (39,867) (43,813) (60,522) (59,284)
Net income (loss) 42,220 (516,767) 559,886 (514,391)
Less: Net income (loss) attributable to non-controlling interests 16,414 (190,354) 214,534 (163,108)
Less: Net loss attributable to Endeavor Operating Company, LLC prior to the reorganization transactions 0 (6,816) 0 (31,686)
Net income (loss) attributable to Endeavor Group Holdings, Inc. $ 25,806 $ (319,597) $ 345,352 $ (319,597)
Basic earnings per share [1] $ 0.09 $ (1.24) $ 1.27 $ (1.24)
Diluted earnings per share [1] $ 0.09 $ (1.24) $ 1.24 $ (1.24)
Weighted Average Number of Shares Outstanding, Basic 281,623,228 258,266,323 275,092,484 258,266,323
Weighted Average Number of Shares Outstanding, Diluted 449,733,965 258,266,323 446,419,024 258,266,323
[1] (1) Basic and diluted loss per share of Class A common stock presented for 2021 is applicable only for the period from May 1, 2021 through June 30, 2021, which is the period following the initial public offering ("IPO") and the related Reorganization Transactions (as defined in note 1 to the unaudited consolidated financial statements). See Note 12 for the calculation of the numbers of shares used in computation of net loss per share of Class A common stock and the basis for computation of net loss per share