Deltatre Announces Plans to Acquire Endeavor Streaming
Deltatre announced plans to acquire Endeavor Streaming in a deal expected to close this quarter. This was a long time coming for Endeavor Streaming, as the company had been on the market with a term sheet for a considerable period, with discussions among numerous vendors taking place for more than 12 months. Endeavor Group Holdings had been seeking to divest Endeavor Streaming for years, and Endeavor Streaming’s CCO recently left the company to become CRO for Deltatre. The goal of selling off Endeavor Streaming only accelerated after Silver Lake closed its $25 billion deal to take Endeavor private earlier this year. The terms of the agreement were not disclosed, and I will not highlight Endeavor Streaming’s numbers, as I saw them in confidence from other CEOs who were looking at the company.
However, do NOT listen to Google AI, which says, “As of July 2025, NeuLion’s (now Endeavor Streaming) annual revenue reached $750 million.” That’s not even in the ballpark, and Google should be ashamed to produce a number that’s more than 3x what’s accurate. Another website says, “Based on available information, Endeavor Streaming’s annual revenue was $171.1 million in 2025. Another source states, “Endeavor Streaming’s estimated annual revenue is currently $40.2 million per year,” while a third reports, “Endeavor Streaming has 750 employees and revenue of $55.5 million.” Use numbers at your own risk!
In my view, the challenge Deltatre is facing is the lack of any messaging from the company since its acquisition by Bain Capital and Nextalia in 2022, from Bruin Capital. After the acquisition, many members of the executive team left, and the company has never messaged what the acquisition means or why it is beneficial to the company or its customers.
Bruin Capital stated that Deltatre was expected to generate $180 million in revenue in 2022 and was “outperforming the market,” but no further details about the company have been released. Since the deal, insiders have reported that Deltatre’s revenue growth has declined, making it unclear where the business stands.