Sports Business

December Start

The league hopes arena suites could be up to 50% full for the start of the next to help mitigate potential losses.

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Game Developers Report

Video game giants Take-Two Interactive and Electronic Arts both reported a decrease in revenue in their latest quarters yesterday.  Take-Two’s digital sales climbed 16%, which drove a 38% jump in […]

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League Credit Strong

Credit ratings firms remain confident about the NBA, NFL and MLB despite the leagues reportedly experiencing a combined revenue drop of $13 billion. Moody’s Investor Services suggests most municipally-owned stadiums […]

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Peloton Continues Ride

Peloton reported $757.9 million of revenue in the first quarter of its 2021 fiscal year, up 232% compared to last year.  A 137% year-over-year jump in connected fitness subscriptions helped […]

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Peloton Reports Today

Analysts expect Peloton to announce another major bump in subscribers and revenues in its quarterly earnings report. The connected fitness company is coming off its first profitable quarter thanks, in […]

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New Devices Fuel Fitbit

Fitbit sold 3.3 million devices in its fiscal 2020 third quarter, a slight year-over-year decline. However, the company grew revenue 4.8% to $363.9 million, outpacing analyst expectations thanks to a […]

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3 States Legalize Sports Betting

Three states voted to legalize sports betting on Election Day: Maryland, South Dakota and Louisiana. Half of the U.S. could have legal sports betting in action by the end of […]

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Golf Boom Continues

September saw a 25.5% increase in the amount of golf rounds played year-over-year, a jump of about 12 million. It’s the fifth straight month that rounds played surpassed last year’s […]

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Nike Layoffs Coming

Nike is planning on eliminating 700 jobs at its Oregon headquarters by early January as part of a broader restructuring plan. Previously, the company had estimated that it would be […]

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Sustainably Stretching

Lululemon plans to invest $75 million into “equitable wellbeing programs” by 2025. The investment is part of the company’s first “impact agenda,” which aims to make it a more sustainable […]

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