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