Month: November 2021

DraftKings Revenue Falls Short in Q3

DraftKings generated $213 million in revenue in Q3 2021 but missed Wall Street estimates of $236.1 million for the quarter.

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Live Events, Record Digital Views Boost WWE in Q3

World Wrestling Entertainment, Inc. posted $255.8 million in revenue in Q3 2021, up from $34.2 million for the same period a year before.

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49ers Increase Stake in Leeds United

The San Francisco 49ers ownership group increased its stake in Leeds United to 44% on Friday, marking its fourth investment in the club.

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NCAA’s Power Grab

The NCAA’s indictment of Cockburn follows a historic pattern: It investigates and dishes out punishments for even the most minor eligibility infractions.

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First NIL-Related Suspension

The NCAA finally allows NIL. But that didn’t stop the governing body from finding a retroactive loophole to punish an athlete for profiting off it.

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Peloton Off Track for Second Consecutive Quarter

Peloton continues to slow its pace following the company’s fiscal first-quarter earnings report.

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Return of NFL Boosts ViacomCBS' $6.61B Quarter

ViacomCBS posted $6.61 billion in third-quarter revenue on Thursday, compared to analysts’ estimates of $6.57 billion.

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Nintendo Drops Sales Target for Switch Amid Chip Shortage

Nintendo lowered its full-year sales forecast for the Switch console by 6% following Thursday’s earnings report.

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Acushnet Raises Full-Year Outlook after Strong Q3

Acushnet raised its full-year guidance Thursday following the company’s third-quarter earnings report.

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Penn Reports $1.51B In Revenue, Shares Plunge After Portnoy Report

Penn National generated $1.51 billion in revenue in Q3 2021, but the company saw its stock plunge by as much as 22% on Thursday.

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