Featured Story

That's The Ticket: StubHub Ends Q1 With Big Gains In Revenue, Gross Sales

Published in SportsBusiness Daily on 04 / 20 / 17

StubHub during its Q1 ended March 31 generated $210M in revenue, up 18% from the comparable period last year, according to earnings released late yesterday by corporate parent eBay. The company also posted $916M in gross sales, up 6%. The gains were fueled in part by the integration of last year&rsq...

Read More

Tags: Finance, StubHub

More Stories

05/04/16
Adidas Plans To Sell Most Of Golf Division

adidas is "starting talks with potential buyers for the bulk of its golf unit, abandoning a business it’s had nearly 20 years but which is dragging on profitability," according to Aaron Ricadela of BLOOMBERG NEWS. The company said in addition to TaylorMade, it will also "seek a buyer for Adams ...

Tags: Adidas, Finance

05/04/16
Sports Authority Still Looking For Buyers

Attorneys for Sports Authority yesterday told a federal bankruptcy judge that the retailer is "still pursuing a 'robust' sale process and is not yet ready to settle for liquidation," according to Alicia Wallace of the DENVER POST. Judge Mary Walrath "could have forced the retail giant into Chap ...

Tags: Finance, Sports Authority

04/28/16
Callaway Hikes '16 Financial Targets

Callaway Golf yesterday "boosted its full-year financial forecast," citing "improved market conditions in the golf industry," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway during a Q1 earnings call said that there is "less discounting by rivals and more reliable foreign exchange ...

Tags: Finance, Callaway Golf

04/27/16
Sports Authority To Sell Off All Holdings

Sports Authority will not "come out of bankruptcy as an independent company and instead wants to sell off all its holdings," according to a front-page piece by Aldo Svaldi of the DENVER POST. U.S. Bankruptcy Judge Mary Walrath, concerned that "money from liquidation sales was going to pay off certai ...

Tags: Finance, Sports Authority

04/22/16
Chinese Looking At WME-IMG, CAA

As Chinese media execs are "circling Hollywood firms looking for more movie-industry deals," one such exec is "discussing having his company make an investment" in WME-IMG, according to sources cited by Claire Atkinson of the N.Y. POST. Sources said that the most likely partners for WME-IMG "might b ...

Tags: Finance

04/21/16
Under Armour Sees Huge Q1 Profit

Under Armour's Q1 profits rose 63%, "boosted by strong apparel and footwear sales and prompting the company to raise its outlook for the year," according to Ryan Sharrow of the BALTIMORE BUSINESS JOURNAL. UA reported net income of $19M during the quarter, up from $12M in the prior-year per ...

Tags: Finance, Under Armour

04/21/16
Fidelity Makes $55M Investment In WME-IMG

Fidelity Management is making a $55M investment in WME-IMG following earlier investments by Silver Lake and Softbank, which the agency will use to "advance its global growth strategy through new investments, acquisitions and joint ventures," according to James Rainey of VARIETY. Softbank's $250M "in ...

Tags: Finance, IMG, Fidelity Investment

04/19/16
Vestis Retail Files For Chapter 11 Bankruptcy

Vestis Retail Group, which owns sporting goods retailers across the country, yesterday said that it "has filed for Chapter 11 bankruptcy protection," two days after its California-based Sport Chalet "initiated store-closing sales at its 47 locations and stopped all online sales operations, ...

Tags: Finance

04/19/16
Are Disney Investors Too Focused On ESPN?

Shares of Disney are on the upswing due to a "boost from the weekend box office,” but investors could be "discounting Disney’s movie division and putting too much emphasis on ESPN,” according to CNBC's Scott Wapner. Disney's “The Jungle Book” recorded the &ldq ...

Tags: Finance, ESPN

04/05/16
Daytona Rising Helps ISC With Strong FY Q1

The opening of Daytona Rising led to a strong Q1 for ISC, but projected softness for the next quarter and TV ratings drops so far this NASCAR season led to sharp questioning from analysts. For the three months ended Feb. 29, during which ISC’s races were all at Daytona Int’l Speedway, IS ...

Tags: Finance, International Speedway Corp.

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug