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StubHub's Q3 Revenue Up 5%, Aided By International Growth, Early NHL Sales

Published in SportsBusiness Daily on 10 / 19 / 17

StubHub during its Q3 that ended Sept. 30 generated $275M in revenue, up 5% from the comparable period last year, according to earnings released late yesterday by corporate parent eBay. The company also posted $1.2B in gross sales, up 2%. The eBay earnings report credited StubHub’s internation...

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Dodgers Owner Leads $100M DraftKings Investment

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Tags: Finance

Adidas' CCM Hockey Brand Up For Sale Again

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Dick's Ed Stack Outlines Plan To Grow Market Share

Dick's Sporting Goods Chair & CEO Ed Stack in an earnings call yesterday "outlined how his company will continue grabbing share amid consolidation in the industry," according to Krystina Gustafson of CNBC.com. His strategy includes "opening stores in markets where competitors' bankruptcies left ...

Tags: Finance, Dicks Sporting Goods

SMI's Total Revenue For FY '16 Up 3%

SMI this morning reported Q4 and full-year ’16 earnings, and it was another mixed bag for the track operator. For the quarter, which encompassed six NASCAR races, one NHRA race and a Red Bull Air Race, total revenue was down 5% due to weakness in admissions and event-related revenue. SMI attri ...

Tags: Finance, Speedway Motorsports Inc.

Churchill Downs Inc. Net Income Of $108.1M In '16

Churchill Downs Inc. had net income of $108.1M in '16 on record revenues of $1.31B, up sharply from net income in '15 of $65.2M on revenues of $1.21B, "despite weak results at several of its racetracks and stagnating casino revenues," according to financial statements cited by Matt Hegarty of the DA ...

Tags: Finance, Churchill Downs Inc.

Sources: Adidas Struggles With TaylorMade Sale

Adidas has been attempting to sell TaylorMade since last May, but losses at the golf equipment brand are "much greater than many potential bidders anticipated, causing suitors to walk away," according to sources cited by Josh Kosman of the N.Y. POST. Sources said that the golf division -- which in ...

Tags: Finance, TaylorMade Golf, Adidas

Minute Media Closes On $15M Investment Round

Minute Media, parent company of digital sports outlets 90min and 12up, has closed on a $15M investment round, led by Israeli late-stage venture fund Qumra Capital. The new round, the company’s fourth to date, brings the total investment in Minute Media to $60M. The company has been in a period ...

Tags: Finance

ESPN Still Hurting Disney Quarterly Results

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Tags: Walt Disney, Finance, ESPN

Under Armour's Kevin Plank Defends Company

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MLB Postseason Boosts 21st Century Fox' Q2

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Tags: Fox, Finance

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