RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2026

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


	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2026			2025			2026			2025
Event and other licensing revenues earned from the Group	$	127		$	4,267		$	167		$	5,636
Expenses incurred with the Group included in direct operating costs (1)		4,038			8,447			5,724			13,889
Expenses incurred with the Group included in selling, general and administrative expenses (2)		5,979			10,765			12,381			20,285
Interest expense (income) with the Group, net (3)		44			213			(2	)		(3,704	)
Net expense resulting from Group transactions included within net income (loss)	$	(9,934	)	$	(15,158	)	$	(17,936	)	$	(24,834	)

(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 Transition Services Agreement primarily consist of pass through expenses related to the Acquired Businesses and back-office and corporate function costs.

(3)

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

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


		As of
		June 30,			December 31,
	Classification	2026			2025
Amounts due from the Group	Other current assets	$	15,840		$	7,259
Amounts due from the Group	Other assets	$	43,905		$	42,255
Amounts due to the Group	Other current liabilities	$	(27,329	)	$	(31,890	)

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 six months ended June 30, 2025 (for the applicable periods prior to the Endeavor Asset Acquisition on February 28, 2025):


	Six Months Ended
	June 30,
	2025
Cash pooling and general financing activities (1)	$	(242,698	)
Corporate allocations		21,688
Net transfers from/(to) parent per the Combined Statements of Equity	$	(221,010	)
Equity based compensation expense (2)		(1,250	)
Currency translation adjustments on intercompany transactions		1,940
Taxes deemed settled with Parent		3,309
Net loss on foreign currency transactions		586
Contract balances retained by Parent and other		93,900
Net transfers from/(to) parent per the Combined Statements of Cash Flows	$	(122,525	)

(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.