Under Armour posted third-quarter earnings Tuesday, recording an 8% year-over-year increase to $1.55 billion in revenue — beating analyst estimates of $1.48 billion.

Net income for the quarter hit $113 million compared to $38.9 million in Q3 the year before, with more demand for sneakers and performance apparel, according to CNBC.

Under Armour raised its full-year 2021 outlook despite potential material impacts due to COVID-19. It anticipates revenue for the year to climb 25% to $5.62 billion.

The company saw sales jump globally, with its international segment rising 18% and its North American segment — Under Armour’s biggest market — increasing 8%.

• Asia-Pacific sales rose 19%.
• Latin America sales grew 27%.
• Europe, Africa, and the Middle East saw sales increase 15%.

Online sales were down 4% year-over-year, but e-commerce still made up 33% of total sales.

During the quarter, the Los Angeles Superior Court rejected the company’s attempt to dismiss a lawsuit from UCLA after Under Armour backed out of a 15-year, $280 million sponsorship deal.

The sportswear brand expects to “recognize $525 million to $575 million in charges” related to its restructuring plan announced in April 2020, aimed at improving profitability and cash flow.

FanDuel owner Flutter Entertainment lowered its guidance after a withdrawal from the Netherlands and a successful month for sports gamblers.

A few isolated events trimmed the company’s full-year EBITDA guidance maximum to $1.74 billion from $1.87 billion.

• Betting favorites won at a disproportionate rate in October, according to CEO Peter Jackson, leading to losses for the company. This included Liverpool’s defeat of Manchester United and heavyweight boxing champion Tyson Fury’s win over Deontay Wilder.
• The run of unfavorable results docked Flutter’s EBITDA by $81.8 million, per Jackson.
• The company was also made to withdraw from the Netherlands and reapply for an online betting license due to new regulations. The move is expected to cost the company $13.6 million this year and $54.5 million in 2022.

Despite the course correction, the world’s largest betting group saw its sports revenues rise 13% year-over-year in the third quarter to $1.23 billion.

Flutter’s U.S. revenues rose 85% year-over-year to $381.5 million. The NFL season has been a boon to FanDuel, with Jackson noting that staking levels on Sundays regularly match that of the 2021 Super Bowl.

However, the company, which also owns U.K.-based Betfair and Ireland-based Paddy Power, still made more in those two countries ($669 million combined) and Australia ($504.2 million).

The Los Angeles Chargers have reached an agreement with Continental Development and Mar Ventures to build a new headquarters and training facility in El Segundo, California.

The headquarters and training facilities of the Los Angeles Lakers and Kings are also in the city.

“This process played out for more than four years because we weren’t willing to settle,” said Chargers owner Dean Spanos.

The 14-acre complex, designed by Gensler Sports, will feature everything from offices and practice fields to a hospitality club and esports studio. It’s expected to be completed by 2024.

State-of-the-art complexes are in high demand across the NFL.

• The Las Vegas Raiders opened a $75 million training facility last year.
• The Miami Dolphins revealed their $135 million practice facility in July.
• The Jacksonville Jaguars were granted approval in August to build a $120 million complex.
• The Carolina Panthers are building an $800 million headquarters and facility.

The Chargers’ new headquarters will be located seven miles from SoFi Stadium, the $5 billion sports and entertainment venue the team shares with the Los Angeles Rams.

SoFi is the centerpiece of the 298-acre Hollywood Park development project backed by Rams owner Stan Kroenke.

The project is the largest urban mixed-use development under construction in the Western U.S. and is home to the NFL’s new West Coast headquarters.