Endeavor CEO Ari Emanuel’s salary drops to $19.1 million in year after unexpected IPO – Deadline

Stewart Cook for PMC

Ari Emanuel, CEO of Endeavor Group Holdings, whose bonus-laden $308 million salary package

The manager took home $4 million in salary, $8.2 million in bonuses and $6 million in non-stock incentive compensation, the filing said.

Emanuel’s tally just surpassed that of CFO Jason Lublin, President and COO Mark Shapiro, with Lublin raising $18.5 million and Shapiro $18.7 million.

Executive Chairman Patrick Whitesell, whose 2021 package reached $123.1 million, took home $12.2 million last year.

After a planned 2019 IPO was canceled at 11 a.m., Endeavor eventually went public in April 2021, simultaneously acquiring full ownership of the UFC. The long-awaited offer brought significant paydays in the form of stock grants for the entire senior management team and skewed comparisons to 2022. The parent company of agencies WME and IMG has branched out well beyond its representation roots and earlier this month partnered with the WWE to create a new $21 billion public entity with Endeavor controlling 51% and WWE 49%. Endeavor’s portfolio spans live events, data, games, fashion, technology and sports.

While Endeavor’s stock is up more than 20% in 2023-to-date, it recently traded below the $27 mark, where it opened its first day of trading (after being valued at $24). Shares closed at $25.78 on Friday, a fraction lower, and continued to decline in after-hours trading. The easing of Covid in 2022 helped boost the company’s entertainment and sports holdings, but the last year also brought turbulent economic conditions and a lopsided advertising market, with most media and tech stocks taking a hit.

Endeavor will report its first quarter financial results on May 9th and will convene its annual meeting of shareholders on June 13th.