Featured Story

Nike's North American Growth Stalls In Q4, With Future Order Figures Deemed "Disappointing"

Published in SportsBusiness Daily on 06 / 29 / 16

Nike's Q4 results ended its "long streak of strong growth" in North America, as the company's profits fell 2% and sales were flat, according to financial reports cited by Germano & Stynes of the WALL STREET JOURNAL. Driven by "gains overseas," overall revenue rose 6% for the quarter that ended M...

Read More

Tags: Finance, Nike

More Stories

Wilpon Invests In E-Sports Company Skillz

Sterling Equities, controlled by Mets co-Owner Fred Wilpon, has made an undisclosed investment in Skillz, a S.F.-based outfit that helps power e-sports competitions. The Sterling Equities investment adds to a $15M Series B round of venture capital funding announced in September that also included Pa ...

Tags: Finance

Disney's Iger Bullish On ESPN

In reporting its Q4 earnings, Disney noted that ESPN’s affiliate revenue rose 8% and advertising about 9%, "excluding the impact of a 53rd week on the company’s fiscal calendar and the absence of the men’s World Cup that aired last year," according to Ben Fritz of the WALL STREET J ...

Tags: Finance, ESPN

Adidas Q3 Profits Up 10%

adidas today "raised its full-year guidance" after Q3 net profit "rose 10% on strong demand" for its Reebok and namesake brands, according to Ellen Emmerentze Jervell of the WALL STREET JOURNAL. The company "reported net profit" of $339M in Q3, up from $307M in the same period last year. Strong sale ...

Tags: Finance, Adidas

Leonsis, Cuban, Jordan Reach Deal With Sportradar

European sports data company Sportradar has closed a strategic funding and partnership deal with Revolution Growth, co-founded and co-led by Monumental Sports & Entertainment Chair Ted Leonsis, along with Mavericks Owner Mark Cuban and Hornets Owner Michael Jordan. Revolution Growth, Cuban and J ...

Tags: Finance

Jury Rules Against GSP In KPMG Lawsuit

A New York jury last week ruled against sports investment bank Galatioto Sports Partners (GSP) in its $37M lawsuit against KPMG. A source said GSP plans to appeal. The New York State Supreme Court case stemmed from an audit KPMG did for the defunct Hicks Sports Group, which GSP relied on to len ...

Tags: Finance

Callaway Raises Full-Year Earnings Forecast

Callaway Golf shares on Thursday rose nearly 9% after the company "raised its full-year earnings forecast on the strength of cost savings and market share gains," according to Mike Freeman of the SAN DIEGO UNION-TRIBUNE. The company, which on Wednesday reported that Q3 sales rose 4% YOY to $176 ...

Tags: Finance, Callaway Golf

Nike Projects $50B In Revenue By '20

Nike President & CEO Mark Parker yesterday said that the company's revenue "will grow" to $50B by '20, setting an "aggressive target that would expand the company's lead over its closest rivals," according to Allan Brettman of the Portland OREGONIAN. Nike recorded $30.6B in revenue for its FY th ...

Tags: Finance, Nike

Daytona Rising Dents ISC Q3 Revenue

ISC on Thursday reported a year-over-year decrease in net revenues and a $4M net loss for Q3 '15, but company execs said that results "beat their own forecasts," according to Clayton Park of the Daytona Beach NEWS-JOURNAL. ISC President John Saunders said that declines "were anticipated" because of ...

Tags: Finance, International Speedway Corp.

rEvolution Acquires eSports Consultancy

Chicago-based agency rEvolution has acquired eSports sponsorship consultancy NEXTGEN+MVPs and is launching rEvXP to serve brands, platforms and players. NEXTGEN+MVPs was founded earlier this year by media and gaming industry vet Dan Ciccone, who will serve as rEvXP Managing Dir and will oversee all ...

Tags: Finance

ComScore Purchases Rentrak, Could Rival Nielsen

comScore yesterday announced that it is purchasing fellow consumer audience measurement firm Rentrak in a deal that brings together companies "at the forefront of quantifying what people do online," according to Mike Rogoway of the Portland OREGONIAN. The deal for Portland-based Rentrak "gives ...

Tags: Finance

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug