Month: February 2022

Nvidia Reports Record $3.42B In Gaming Revenue

Chip manufacturer Nvidia’s fourth-quarter revenue jumped 53% year-over-year to $7.65 billion, totaling $26.91 billion for the year.

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Peloton's Ride Gets Bumpier

Over the past year, Peloton has been shrouded in controversy, and the at-home fitness company is facing another challenge on the road to recovery.

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Turkish Football Club Broadcast Revenue Ravaged by Piracy

Piracy might cause yet another major financial shortfall for Turkish soccer clubs.

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Nike, Nationalism, and the New Paradigm

Nike has seen growth of over 300% in China during the past decade. Now, brands like Anta and Li-Ning are rapidly gaining market share in the region.

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Why The Biggest Brands Love Olympic Winners

Prada-riding snowboarder Julia Marino is one of the breakout stars of the 2022 Winter Olympics. The Games have long been a platform for launching personal brands to the next level.

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DAZN Wipes Debt, Looks to Betting, Gaming

DAZN is having its balance sheet wiped clean by Len Blavatnik’s investment firm. The firm is also buying an additional $250 million stake.

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DraftKings Raises Full-Year Guidance Amid $1.5B Loss

DraftKings raised its revenue guidance for the financial year following the sportsbook’s latest earnings report on Friday, but its shares took a tumble due to concerns over profitability.

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Fanatics, Celebrity Investors Purchase Mitchell & Ness For $250M

Fanatics and a number of high-profile investors are purchasing vintage sports jersey make Mitchell & Ness for a reported $250 million.

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Sports and Tech Show Signs of Growth in Africa

February marked the beginning of a new era for Nigerian soccer as Sporting Lagos played its first match in the Nigerian second league. The company is backed by tech founder Shola Akinlade. The tech founder represents a new class of owner that is making a splash in the African sporting scene.

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Small-Market Suns Are NBA’s Best Behind Unique Blueprint

The Suns enter the All-Star break with an NBA-best 48-10 record and a 6.5-game lead over the Warriors. GM James Jones deserves more credit for working with only the 13th-highest payroll ($136.4M).

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