Interest Rate Cuts Will ‘Benefit Everybody’ in Sports
[UPDATE: The Fed cut its benchmark interest rates by half a percentage point Wednesday afternoon, surpassing widespread expectations of a quarter-point…
Stocks
Jerry Jones-Backed Faze Clan Regroups After Stock Flame-Out
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Even among the many spectacular…
Vivid Seats Plunges 16% on Ticket Supply Even as Sports Strengthens
Ticket reseller Vivid Seats shares plunged in trading on the Nasdaq Stock Market Tuesday as Wall Street analysts slashed their outlook for the company. Vivid shares fell…
Sphere Entertainment Stock Gets Analyst Downgrade
The year-old Sphere venue quickly became a must-see attraction in Las Vegas, but some analysts don’t believe the eye-grabbing, multi-purpose venue has a viable business…
Tennis Serves Up Stock Market Ace as Sportico Index Hits 12-Month High
Tennis-related stocks surged in August, leading an end-of-summer rally in sports shares that pushed the Sportico Sports Stock Index to its highest level in more than a…
Amer Sports Stock Jumps as Federer, Caitlin Clark Revive Wilson
Amer Sports, the sporting goods maker backed by Lululemon billionaire Chip Wilson, bested Wall Street expectations with earnings reported Tuesday, rallying shares as…
Sportradar Sales Up 29% on American Betting, Raising Outlook
Second quarter earnings for sports data and analytics pioneer Sportradar were up 29%, led by a 59% jump in business in the U.S., the company announced Tuesday morning…
Scrubs Maker Figs Bets on Team USA as Q2 Costs Rise
Medical scrubs maker Figs reported higher marketing costs in its quarterly financial report Thursday evening from its largest marketing effort to date: outfitting Team…
TKO Raises Revenue Outlook as Live Events Power Q2
Live events sales more than doubled for UFC while WWE’s revenue rose more than 11% to help TKO Group Holdings post $851.2 million in revenue for the second quarter of…
Fubo Q2 Results Lifted by Baseball, Soccer; CEO Hits Venu
Sports-centric broadcaster Fubo posted its sixth-straight quarter of annual growth as stronger baseball demand, along with early summer cricket and soccer tournaments…
Genius Sports Projects 20% Growth With NFL, EPL Deals Locked Up
Data and analytics provider Genius Sports posted better-than-expected revenue of $95.5 million in the second quarter of 2024, and it told Wall Street it predicts annual…
Sports Stocks Plunge With Market Over Interest Rate Cut Fears
Volatile global markets have pulled in sports stocks Monday as broad concerns about the U.S. job market and what that means for anticipated interest rate cuts sent the…
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