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

09/08/16
Dick's Sporting Goods Hesitant To Move Into N.Y.

Dick's Sporting Goods has "looked at opening its first location in Manhattan," but company Chair & CEO Ed Stack hinted that it was "unlikely to follow through because high rent prices would undermine the store's profitability," according to Chris Fleisher of the PITTSBURGH TRIBUNE-REVIEW. At the ...

Tags: Dicks Sporting Goods, Finance

09/01/16
DraftKings Secures $153M In Latest VC Round

DraftKings has closed on a $153M round of venture capital financing involving Revolution Growth, the investment firm co-founded by Monumental Sports & Entertainment Chair & CEO Ted Leonsis. Revolution Growth Partner Steve Murray -- formerly Softbank Capital Partner & Managing Dir -- will ...

Tags: Finance

08/31/16
Adidas Chair Hainer Talks Upcoming Retirement

adidas Chair & CEO Herbert Hainer will retire this fall, but only after the company has "lifted its earnings guidance for this year four times since April and now forecasts net profit to rise almost 40% over last year," according to a Q&A with Ellen Emmerentze Jervell of the WALL STREET JOUR ...

Tags: Adidas, Finance

08/23/16
Bryant Hopes Appeal In Asia Helps New Fund

Former NBAer Kobe Bryant yesterday unveiled his new $100M venture-capital tech fund , and while he "acknowledges he's no expert on the tech industry," there are "areas where he's been prescient, including Asia," according to Dave & Lien of the L.A. TIMES. His partner, Jeff Stibel, said Bry ...

Tags: Finance

08/22/16
BAM Tech Buys Stake In Silver Chalice

BAM Tech has acquired a minority stake in Silver Chalice Ventures, MLBAM’s existing partner in the 120 Sports venture. As part of a broad-based digital rights and technology partnership, BAM Tech will provide the tech infrastructure for Silver Chalice's Campus Insiders and ACC Digital Network. ...

Tags: Finance, MLBAM, Silver Chalice

08/22/16
Kobe Launches $100M Tech Fund

Former NBAer Kobe Bryant today unveiled his "venture-capital fund," a $100M vehicle for "investing in technology, media and data companies," according to Dennis Berman of the WALL STREET JOURNAL. He is partnering with Jeff Stibel, a longtime entrepreneur and investor who was introduced to Bryant " ...

Tags: Finance

08/17/16
Performance Sports Group Losing Value

Performance Sports Group, the maker of Bauer hockey gear, "lopped almost half the market value" from the company after it disclosed an "investigation into its books" and that it may default on company debt, according to Jeffrey Jones of the CP. PSG on Monday said that it has "delayed filing its audi ...

Tags: Finance

08/11/16
Analysts Pleased With Disney-BAM Tech Deal

Disney as part of its Q3 report on Tuesday afternoon announced its deal for a 33% stake in Bam Tech, and since the markets opened yesterday morning, the stock price has jumped 2%, from $96.20 to $98.17 ( THE DAILY ). In N.Y., Jennifer Saba wrote Disney Chair & CEO Bob Iger with the announce ...

Tags: Walt Disney, Finance, ESPN, MLBAM

08/05/16
Adidas Continuing To Show Sales Growth

adidas "hasn't missed a step all year," with yesterday's Q2 numbers showing sales growth of 21%, driven by a "revitalized" brand in all major markets, according to Stephen Wilmot of the WALL STREET JOURNAL. But adidas' North American margin still "significantly lags behind that of rival Nike." Scale ...

Tags: Finance, Adidas

07/27/16
SMI Takes Revenue Hit In Q2 Report

Speedway Motorsports Inc. today reported Q2 earnings that highlighted a tough three-month stretch for the track operator -- though it is saying poor weather and other changes hurt its case. SMI, which owns eight speedways, three dragstrips and other entities like its PRN radio network, was down 2% i ...

Tags: Finance, Speedway Motorsports Inc.

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug