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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2022
Segment Reporting [Abstract]  
Schedule of Revenue

Revenue

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Owned Sports Properties

 

$

1,332,335

 

 

$

1,108,207

 

 

$

952,624

 

Events, Experiences & Rights

 

 

2,451,966

 

 

 

2,031,283

 

 

 

1,593,509

 

Representation

 

 

1,512,150

 

 

 

1,959,757

 

 

 

943,873

 

Eliminations

 

 

(28,314

)

 

 

(21,534

)

 

 

(11,263

)

Total consolidated revenue

 

$

5,268,137

 

 

$

5,077,713

 

 

$

3,478,743

 

Schedule of Reconciliation of Segment Profitability

Reconciliation of segment profitability

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

Owned Sports Properties

 

$

648,158

 

 

$

537,627

 

 

$

457,589

 

Events, Experiences & Rights

 

 

342,644

 

 

 

215,578

 

 

 

59,224

 

Representation

 

 

469,757

 

 

 

383,388

 

 

 

211,977

 

Corporate

 

 

(297,031

)

 

 

(256,277

)

 

 

(145,240

)

Adjusted EBITDA

 

 

1,163,528

 

 

 

880,316

 

 

 

583,550

 

Reconciling items:

 

 

 

 

 

 

 

 

 

Equity losses (earnings) of affiliates

 

 

5,038

 

 

 

(3,402

)

 

 

8,963

 

Interest expense, net

 

 

(282,255

)

 

 

(268,677

)

 

 

(284,586

)

Depreciation and amortization

 

 

(266,775

)

 

 

(282,883

)

 

 

(310,883

)

Equity-based compensation expense

 

 

(210,163

)

 

 

(532,467

)

 

 

(91,271

)

Merger, acquisition and earn-out costs

 

 

(68,728

)

 

 

(60,904

)

 

 

(22,178

)

Certain legal costs

 

 

(16,051

)

 

 

(5,451

)

 

 

(12,520

)

Restructuring, severance and impairment

 

 

(13,258

)

 

 

(8,490

)

 

 

(271,868

)

Fair value adjustment - equity investments

 

 

12,029

 

 

 

21,558

 

 

 

(469

)

COVID-19 related costs

 

 

 

 

 

 

 

 

(13,695

)

Gain on sale of the restricted Endeavor Content business

 

 

463,641

 

 

 

 

 

 

 

Tax receivable agreement liability adjustment

 

 

(873,264

)

 

 

(101,736

)

 

 

 

Other

 

 

(16,977

)

 

 

(54,887

)

 

 

58,240

 

Loss before income taxes and equity losses of affiliates

 

$

(103,235

)

 

$

(417,023

)

 

$

(356,717

)

Revenue by geographic area

Revenue by geographic area

 

 

Years Ended December 31,

 

 

 

2022

 

 

2021

 

 

2020

 

United States

 

$

3,995,297

 

 

$

3,692,000

 

 

$

2,407,088

 

United Kingdom

 

 

1,044,227

 

 

 

1,247,312

 

 

 

966,836

 

Rest of world

 

 

228,613

 

 

 

138,401

 

 

 

104,819

 

Total revenue

 

$

5,268,137

 

 

$

5,077,713

 

 

$

3,478,743

 

Long-lived Assets by Geographic Areas

Long-lived assets by geographic area

 

 

December 31,

 

 

 

2022

 

 

2021

 

United States

 

$

607,586

 

 

$

558,401

 

United Kingdom

 

 

70,182

 

 

 

55,848

 

Rest of world

 

 

18,534

 

 

 

15,558

 

Total long-lived assets

 

$

696,302

 

 

$

629,807