Sports
Flutter shares fall after disappointing earnings — but it insists FanDuel is No. 1 in sports betting
FanDuel parent Flutter came out swinging Thursday, insisting the online gaming platform is the market leader in sports betting in the United States after DraftKings last week boasted it had taken over the top slot. “We have a billion dollars more in revenue in the U.S., so we’re very clearly number one,” Flutter CEO Peter […]
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Here’s what streaming bundles could look like, according to Liberty Media’s John Malone
In the early days of streaming, Netflix and Hulu promised an on-demand viewing experience with an ever-growing library of movies and TV shows, presenting an alternative to the traditional cable bundle. Today, consumers are cutting the cable cord, but also juggling streaming services, creating a fragmented and confusing experience — and perhaps generating a need […]
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Fanatics helps pro athletes transition to life after sports with business immersion program
WNBA and MLB players take part in Fanatics’ weeklong business immersion program. Source: Fanatics E-commerce platform Fanatics is helping professional athletes transition to life after the final buzzer — or pitch, or whistle. The company is expanding a pilot program to offer business education and exposure to players with the WNBA and MLB via a […]
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ESPN shows strength as Disney’s other networks report lower revenue
The worldwide leader in sports still has some juice. ESPN operating income surged 16% from a year ago to $987 million in Disney‘s fiscal fourth quarter — the first time Disney has ever broken out the sports division’s finances. Revenue in the segment grew 1% year-over-year to $3.8 billion. Disney also revealed ESPN+ was profitable […]
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Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal
Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization’s framework agreement with Saudi-backed LIV Golf faces new doubts. “We confirm that we’ve had conversations,” Werner told CNBC’s Scott Wapner during “Halftime Report.” He declined to comment further. Werner, who spoke alongside […]
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Verstappen wins Brazilian Grand Prix, Perez distances from Hamilton in battle for runner-up area
Purple Bull’s Max Verstappen celebrates just after winning the Brazilian Grand Prix on Nov. 5, 2023. Amanda Perobelli | Reuters 3-time winner Max Verstappen led from the commence and gained the Brazilian Grand Prix on Sunday. Sergio Perez of Crimson Bull concluded in fourth location, distancing himself from Mercedes’ Lewis Hamilton in one of the […]
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Tamirat Tola sets NYC Marathon class report to get men’s race Hellen Obiri requires women’s title
Ethiopia’s Tamirat Tola celebrates on the podium with the gold medal following successful the men’s elite race alongside silver medalist Kenya’s Albert Korir and bronze medalist Ethiopia’s Shura Kitata. Mike Segar | Reuters Tamirat Tola of Ethiopia set a class history to win the New York Town Marathon men’s race on Sunday although Hellen Obiri […]
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Meta CEO Mark Zuckerberg tore his ACL although training for a competitive MMA battle
Mark Zuckerberg posing with UFC president Dana White during a UFC Struggle Night time party. Jeff Bottari | Ufc | Getty Photos Meta CEO Mark Zuckerberg just experienced surgical procedures as a final result of an injury to his ACL that occurred in the course of combined-martial arts instruction. The Facebook co-founder discovered his personal […]
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Sports betting, online casino boom fuels big DraftKings revenue gains as rivals vie for market share
DraftKings, a fantasy sports website Getty Images The growth of online sports betting and casino gaming across the U.S. has led to soaring revenue for sportsbook companies, but an already crowded race for consumers’ dollars is about to get more competitive. DraftKings, which reported quarterly results that beat Wall Street’s estimates on Thursday, has emerged as […]
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DraftKings revenue jumps 57% as sportsbook leader grows customer base
New England Patriots cornerback Stephon Gilmore, #24, stretches during the New England Patriots practice session in Foxborough, Massachusetts, on Oct. 22, 2020. Barry Chin | Boston Globe | Getty Images Sports betting company DraftKings on Thursday posted quarterly revenue that came in ahead of analysts’ expectations as the company rises to the top of the […]
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