Recently we've talked a great deal about how consumer spending is moving from buying goods to buying experiences. But honestly, we've been pretty light with the 'experiences' side of that equation.
Airlines and hotels are the obvious beneficiaries, but in the social media age, there are entire companies devoted to providing once-in-a-lifetime experiences to their customer base.
In particular, the live sports business has been exploding with innovation as more premium events are attracting high-spending consumers. We've seen revenues from things like the Super Bowl to Formula 1 races absolutely explode in the last several years.
At the forefront of crafting those sports experiences has been the juggernaut of Endeavor Group Holdings ($EDR), the sports conglomerate that owns brands like the UFC and now the WWE.
Endeavor has been on a tear recently and is set to explode even more with the Las Vegas-hosted Super Bowl this season. More importantly, EDR is set to grab a lot more upside with synergies coming from the merger between the UFC and WWE.
With the stock getting knocked down, thanks to a new dividend getting declared, we see this as a solid moment to jump on the stock and grab some awesome long-term value. So, let's go ahead and dive in.👇