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Closing Bell

NBA Revenue Drops 10% To $8.3B During '19-20 Season

The NBA's revenues "dropped 10% to $8.3 billion for the 2019-20 season amid losses due to the pandemic." Sources said that the balance of the finances included an $800M "loss in gate receipts" and a $400M "loss in sponsorships and merchandise." Sources added that the NBA's losses included $200M in deemed "net negative impact" from a months-long splintering of a partnership with China in the aftermath of the Daryl Morey tweet promoting Hong Kong freedom a year ago. Sources said that the NBA bubble in Orlando recouped $1.5B in revenue that would have "been lost without restarting the season." They added that expenses for the bubble were $190M -- $10M "more than originally estimated" (ESPN.com, 10/28).

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