RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Mar. 31, 2025

Revenue and expenses associated with such services are as follows (in thousands):


	Three Months Ended
	March 31,
	2025			2024
Event and other licensing revenues earned from the Group	$	1,369		$	1,186
Expenses incurred with the Group included in direct operating costs (1)		5,442			4,370
Expenses incurred with the Group included in selling, general and administrative expenses (2)		9,520			4,770
Interest (income) expense with the Group (3)		(3,917	)		3,664
Net expense resulting from Group transactions included within net income (loss)	$	(9,676	)	$	(11,618	)

(1)

These expenses primarily consist of production and consulting services as well as commissions paid to the Group.

(2)

These expenses primarily consist of service fees paid to the Group. These service fees are costs related to representation, executive leadership, back-office and corporate functions and other management services provided by the Group. Beginning in March 2025 expenses associated with the Transitions Services Agreement primarily consist of pass through expenses related to the Acquired Businesses and back-office and corporate function costs.

(3)

The interest (income) expense relate to loans due to or from the Group.

Outstanding amounts due to and from the Group were as follows (in thousands):


		As of
		March 31,			December 31,
	Classification	2025			2024
Amounts due from the Group	Other current assets	$	49,282		$	30,450
Amounts due from the Group	Other assets	$	47,900		$	—
Amounts due to the Group	Other current liabilities	$	(24,201	)	$	(12,077	)

Summary of Allocation of General Corporate Expenses

The allocations of General Corporate Expenses are reflected in the combined statements of operations as follows (in thousands):


	Three Months Ended
	March 31,
	2025			2024
Selling, general and administrative expenses	$	21,698		$	30,730
Other expense, net		(11	)		48
Total general corporate expenses	$	21,687		$	30,778

Components of Net Transfers to Parent in Nonredeemable Non-Controlling Interests

The following table summarizes the components of the net transfers to parent in nonredeemable non-controlling interests for the three months ended March 31, 2025 and March 31, 2024:


	Three Months Ended
	March 31,
	2025			2024
Cash pooling and general financing activities (1)	$	(242,698	)	$	(24,529	)
Corporate allocations		21,688			30,778
Contributions		—			2,790
Net transfers (to)/from parent per the Combined Statements of Equity	$	(221,010	)	$	9,039
Equity based compensation expense (2)		(1,250	)		(4,745	)
Currency translation adjustments on intercompany transactions		1,940			5,818
Taxes deemed settled with Parent		3,309			(8,824	)
Net loss on foreign currency transactions		586			(3,011	)
Distributions not settled in cash		—			(644	)
Contract balances retained by Parent and other		93,900			—
Net transfers to parent per the Combined Statements of Cash Flows	$	(122,525	)	$	(2,367	)

(1)

The nature of activities includes financing activities for capital transfers, cash sweeps, and other treasury services. As part of this activity, certain cash balances are swept to Endeavor Group Holdings, Inc. on a daily basis under the Endeavor Group Holdings, Inc. Treasury function and the Acquired Businesses receive capital from Endeavor Group Holdings, Inc. for its cash needs.

(2)

Compensation costs associated with the Company’s employees’ participation in Endeavor Group Holdings, Inc. incentive plans have been identified for employees who exclusively support the Company’s operations. Amounts allocated to the Company from the Parent for shared services are reported within total allocated costs in the General Corporate Expenses table above.