Month: May 2021

Genius Takeover Continues with First-Quarter Spike

Genius Sports reported its Q1 and full-year earnings Thursday, with Q1 revenue increasing 52% year-over-year to $53.7 million.

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DraftKings Latest To Join Forces With Michael Jordan's 23XI Racing

Bubba Wallace will be in a DraftKings firesuit as the company becomes 23XI Racing’s daily fantasy and sports betting partner.

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Apple Pocketed At Least $100M in 'Fortnite' Commissions

Another bombshell dropped during the Epic Games v. Apple trial when an Apple executive took the stand in federal court on Wednesday.

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Facebook’s Reimagined Sports Strategy

Facebook is shifting to a pay-per-view model in its sports broadcasting, seeking to create a platform for smaller markets.

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American Group Buys $336M Stake In Serie A Champion

Oaktree is buying a 31% stake in Inter Milan and loaning the team money in a $336 million deal, as the team shores up its capital reserves.

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Under Armour Ups Wages As Comeback Continues

Under Armour introduced a 50% raise, increasing its $10 minimum wage to $15 in an effort to retain employees and fill open positions.

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Target’s Earnings Rocket, Apparel Leads The Way

Target reported a 23% surge in sales for its first-quarter earnings on Wednesday as in-store shoppers return and pickup services grow.

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NBA Expansion Front-Runners: Seattle, Vegas

The NBA is prepared to expand in the coming years, with Seattle and Las Vegas the early frontrunners for cities that could host new teams.

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Take-Two Reports Whopping $839M Haul

Take-Two Interactive reported earnings for its fiscal fourth quarter, and the video game holding company has had no lag in success.

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Future Moneymakers

While Kliavkoff views men’s basketball and football as the Pac-12’s problem children, there are opportunities to make even more money from already successful Pac-12 women’s sports, too.

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