Finance

Live Nation's Q1 revenue up 21% from 2023

Daily - 05/03/2024

Live Nation’s FY24 Q1 financial results were reported Thursday evening, with quarterly revenue up 21% year-over-year to $3.8B. while Live Nation’s sponsorship revenue grew 24%, that division’s highest first quarter ever. Ticketmaster sold 77 million fee-bearing tickets during the period, and its quarterly revenue rose 7%...

Sure Sports launches real estate transition program

Morning Buzz - 05/02/2024

Athlete lending business Sure Sports has partnered with Keller Williams Sports + Entertainment to launch a new pilot program to better enable athlete clients to sell their homes. The Real Estate Transition for Athletes Program, or RETAP, will typically work with athletes moving to new cities, oftentimes...

Social betting platform Kutt secures $1M+ in funding from Lightning Capital

Kutt , a betting platform where you play against peers and other platform users, closed Q1 2024 with a $1 million-plus investment from Lightning Capital, which specializes in early-stage investments in providers of digital assets, Web3 ecosystems, hardware and software. Some of Lightning Capitals’ portfolio companies...

Microsoft's Brad Smith, wife buy stake in Mariners

Closing Bell - 05/01/2024

Microsoft Vice Chair & President Brad Smith and his wife, Kathy Surace-Smith , have "purchased a stake in the Mariners ownership group," the first new partners to join the franchise since Baseball HOFer Ken Griffey Jr. in 2021 . They are just...

Sportable receives $3.8M investment from Guinness Ventures as part of $15M Series A

Power Up Newsletter - 05/02/2024

Sportable , a tracking data provider for ball sports, received £3 million ($3.8 million) in funding from Guinness Ventures as part of its recent $15 million Series A round . Best known for its instrumented rugby balls used by World Rugby , English...

Sapphire Sport joins in on beehiiv's $33M Series B funding round

Power Up Newsletter - 05/01/2024 | Daily - 04/30/2024

Newsletter platform beehiiv has raised a $33M Series B funding round led by NEA with participation from Lightspeed Venture Partners and Sapphire Sport. Why would a sports-specific VC firm deploy capital against a newsletter and email marketing company? According to Sapphire Sport founding partner Michael Spirito, beehiiv represents a...

A's hire Galatioto Sports to secure ballpark funds

Morning Buzz - 04/30/2024

The A’s have hired Galatioto Sports Partners to "attract an investor -- or several" -- to secure financing for a new Las Vegas ballpark "in exchange for a share of ownership." The goal is to broker a deal intended to provide team owner John Fisher ...

Adidas beats profit expectation despite lag in N.A.

Morning Buzz - 04/30/2024

Adidas posted net profit that "beat analysts' expectations" and "confirmed its preliminary figures for its first quarter," citing brand momentum. For the three months that ended in March, net profit swung to $182.3M from a loss of $41.8M for the same period the prior year. Growth in Europe, Emerging...

Unrivaled acquires Under the Lights flag football

Morning Buzz - 04/30/2024

Unrivaled Sports, the youth sports holding company launched earlier this year by Josh Harris , David Blitzer and The Chernin Group, has acquired youth flag football business Under the Lights Powered by Under Armour. Under the Lights, founded in 2015, is the nation’s second-largest...

Bruin Capital takes majority stake in PlayGreen, world's leading turf management company

Daily - 04/29/2024

Bruin Capital is acquiring Dutch turf management company PlayGreen, according to SBJ’s Chris Smith. The deal will see Bruin take a majority stake in the world’s leading turf management company, which comprises subsidiaries Stadium Grow Lighting -- the company’s client-facing sales arm -- and engineering firm ALVA Technology. Financial...

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Finance

Live Nation's Q1 revenue up 21% from 2023

Sure Sports launches real estate transition program

Social betting platform Kutt secures $1M+ in funding from Lightning Capital

Microsoft's Brad Smith, wife buy stake in Mariners

Sportable receives $3.8M investment from Guinness Ventures as part of $15M Series A

Sapphire Sport joins in on beehiiv's $33M Series B funding round

A's hire Galatioto Sports to secure ballpark funds

Adidas beats profit expectation despite lag in N.A.

Unrivaled acquires Under the Lights flag football

Bruin Capital takes majority stake in PlayGreen, world's leading turf management company

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