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Callaway Golf Beats Analyst Expectations For Q2, But Falls Short Of Sales Goals

Published in SportsBusiness Daily on 07 / 30 / 15

Callaway Golf yesterday "posted mixed financial results" for its Q2, with earnings beating analyst expectations "despite lower than anticipated sales," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. Callaway reported revenue of $231M, "flat with the same quarter last year but slightly bel...

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Tags: Finance, Callaway Golf

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CDI's '14 Net Income Down 16% From '13

Churchill Downs Inc. "reported lower net income" for '14, but its revenue for the year "was a record," according to Marty Finley of LOUISVILLE BUSINESS FIRST. Net income for the year fell 16% from '13 to $46.4M. Revenue for the year rose 4%, to $812.9M. The racing and gaming company for Q4 "rep ...

Tags: Finance, Churchill Downs Inc., Horse Racing

Carlyle Group Buying PrimeSport From Clearlake

Private equity fund Carlyle Group is buying PrimeSport Holdings, which sells tickets, suites and hospitality packages to events ranging from the Final Four to tennis Grand Slams. Carlyle is joined by former Padres Vice Chair & CEO Jeff Moorad and RSE Ventures, the sports holding company of Dolph ...

Tags: Finance

Puma Misses Q4 Earnings Estimates

Puma's Q4 earnings "missed estimates, adding to investor misery after a slump in the share price last year," according to Aaron Ricadela of BLOOMBERG NEWS. A recovery program being introduced by Puma CEO Bjorn Gulden "has yet to be reflected in the share price," which declined 27% in '14. Gulde ...

Tags: Puma, Finance

WWE Posts Big Revenue Gains In Q4

WWE on Thursday beat "analyst expectations," posting a Q4 revenue gain of 19%, according to Richard Morgan of the N.Y. POST. WWE posted sales of $140.5M, with a "net loss of 2 cents per share, improving on the net loss of 10 cents" in '13 Q4. While the over-the-top WWE Network "did send PPV revenue ...

Tags: Finance, WWE

Stats LLC Acquires Automated Insights

Stats LLC has acquired Automated Insights, a North Carolina-based provider of natural language generation technology. The deal is the second announced acquisition for Stats this week and third overall since being bought itself last year by Vista Equity Partners. Financial terms were not disclosed, b ...

Tags: Finance, Stats LLC

Under Armour Tops $3B In Revenue For First Time

Under Armour topped $3B in annual sales for the "first time" in '14, with its $3.08B in revenue up 32% from '13, according to Sarah Meehan of the BALTIMORE BUSINESS JOURNAL. UA saw a "strong" Q4 in which it posted a profit of $88M, up 37% from $64M in the same period the year before. ...

Tags: Under Armour, Finance

Disney's Cable Division Income Hurt By ESPN

Disney's Q1 revenue rose 9% to $13.391B, while operating income for its cable group was down 2% to $1.255B and the company "partly attributed the decline to higher programming and production costs at ESPN," according to Daniel Miller of the L.A. TIMES. Disney's consumer-products division " ...

Tags: Finance, ESPN

WWE's Stock Shoots Up After OTT Announcement

WWE's stock at presstime today is down 5.6% after it yesterday "shot up" 19.3% following the company's announcement that its OTT network "had enlisted 1 million subscribers," according to Richard Morgan of the N.Y. POST. The milestone was "reached within a year" of WWE Network's launch last Feb ...

Tags: WWE, Finance

WME-IMG Acquires eSports Agency

WME-IMG has acquired Global eSports Management, an int'l full-service eSports talent agency that manages clients across the pro gaming industry. WME-IMG will now represent eSports players who compete at the highest levels globally. GEM was founded in '13 and reps some of the biggest personalities i ...

Tags: Finance, William Morris Endeavor, IMG

FanDuel Quadruples Revenue Generated

FanDuel said it generated $57.3M in revenue during ’14, more than quadruple the comparable figure for the previous year. The revenue arrived on the backs of $621.7M in player entry fees, similarly about four times the prior year’s take from player entry fees. The aggressive growth, while ...

Tags: Finance

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