• Loading stock data...
Friday, February 21, 2025
    More
    Finance

    Video Game Companies Had a Good Week, DraftKings Up Next

    By
    Aug 09, 2020 | 11:12 pm
    UPDATED Aug 16, 2020 | 02:52 pm
    Nintendo
    Harrison Hill, USA TODAY

    Recent earnings from Activision Blizzard, Nintendo, Sony and Take-Two Interactive showcased the big year the video game industry has had. Microsoft reported a 13% revenue bump two weeks ago, in part because of Xbox content and services revenue jumping 65%. Sony reported a 1% drop in profits, but game sales climbed 82% in the quarter.

    Video games have surged with stay-at-home orders during the coronavirus pandemic. Nintendo’s 428% increase in quarterly operating profits was fueled by the 22.4 million copies of “Animal Crossing: New Horizons” it sold.

    This week: 

    8/10: Liberty Media

    8/12: Tencent

    8/14: DraftKings

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read
    by

    Sports Media Rallies Around Influential Blogger Andy Isaac
    Tributes poured in across social media after Isaac’s announcement.
    Feb 18, 2024; Indianapolis, Indiana, USA; Eastern Conference guard Damian Lillard (0) of the Milwaukee Bucks reacts after a play during the second half of the 73rd NBA All Star game at Gainbridge Fieldhouse.
    by

    The NBA’s Latest Attempt To Solve the All-Star Game Conundrum
    A new mini-tournament on a lame-duck network may not solve the problem.
    by

    DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025
    The company’s sports betting business continues to grow despite headwinds.
    Sept 5 2024; Flushing, NY, USA; Sara Errani and Andrea Vavassori (ITA) with the US Open trophy after beating Donald Young and Taylor Townsend (USA) in the Mixed Doubles Final on day eleven of the 2024 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center.
    by

    US Open Mixed Doubles Changes Spark Mixed Reactions
    Shorter sets, quintupled prize purses, mixed response from players.

    Featured Today

    Nov 2, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins goaltender Alex Nedeljkovic (39) stretches during a time-out against the Pittsburgh Penguins in the second period at PPG Paints Arena
    by

    Behind the Mask: The Artists Creating Hockey’s Iconic Goalie Style
    The art and business of outfitting pro netminders.
    Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.
    February 16, 2025

    Inside the Push for the NHL’s Next Era of International Competition
    Players have been clamoring, and the league is all in.
    Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
    February 16, 2025

    LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports
    LVMH is making long-term deals—and they’re not done.
    Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena
    February 11, 2025

    ‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote
    “The stars have been lobbying the league for an event like this.”

    More in Finance
    Billie Jean King
    by

    Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom
    Billie Jean King wants more women involved in team ownership, too.
    Russ Brandon
    January 14, 2025

    UFL President: NFL Used to View Private Equity Like Gambling 
    The longtime NFL executive is stunned by the league’s evolution on PE.
    February 5, 2025

    Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat
    The 2010s darling has been struggling to find the right formula.
    Sponsored

    How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture
    As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
    Aug 7, 2024; Paris, France; Michaels Phelps laughs with USA basketball player Devon Booker during the game between the United States and Nigeria in the women’s basketball quarterfinals during the Paris 2024 Olympic Summer Games at Accor Arena.
    December 16, 2024

    Unrivaled’s $28 Million Investing Round Includes Phelps, Giannis, Staley, Watkins
    Total funding has reached $35 million.
    October 24, 2024

    Endeavor, TKO Consolidate Sports Assets, Hoping They’re Better Together
    The move brings On Location, Professional Bull Riders, and IMG under TKO.
    October 1, 2024

    Nike CFO Says ‘Adversity Creates Sharper Focus’
    Amid a downbeat but expected set of earnings, Nike says it sees signs of optimism.
    Sep 11, 2024; Los Angeles, California, USA; The Nike shoes worn by Seattle Storm center Mercedes Russell in the first half against the LA Sparks at Crypto.com Arena.
    opinion
    September 28, 2024

    New Nike CEO Must Do It
    The biggest task the new CEO faces is intangible: Refresh the brand.