Finance
Madison Square Garden Sports facing uncertainty around media rights
Madison Square Garden Sports, the parent company of the Knicks and Rangers, is facing an uncertain media rights future.
EA Sports acquires TRACAB technologies to tap into its tracking tech
EA Sports acquired TRACAB Technologies today, a move geared at boosting the publisher’s capabilities for ball- and player-tracking for use in the development of video games such as EA Sports FC, along with its goals for the EA Sports app. Terms were not disclosed, and no agencies or advisory firms w...
Apple posts Q1 revenue of $124.3B, iPhone sales dip despite Apple Intelligence rollout
Apple reported $124.3 billion in revenue in its Q1 earnings, a quarterly record for the tech giant and 4% annual increase.
Meta's Reality Labs reports $5 billion loss in Q4, VR remains priority in 2025
Folded into Meta’s earnings call on Wednesday -- which announced a Q4 revenue of $48.39B and FY 2024 revenue of $164.50B -- was proof of the company’s continued commitment toward extended reality headsets/glasses, regardless of the initial losses that come with it.
Ariel Investments creating fund for investments in women's sports
Ariel Investments is diving into the world of women’s sports with a fund dedicated to investments in the fast-growing sector.
Indiana athletics reports $3.1M deficit amid record revenue, expenses
The Bloomington Herald-Times writes that Indiana University's 2024 reported deficit is the “first non-COVID-19 related deficit” the school has reported since 2004. IU "brought in a record" $173.5M in total operating revenues in 2024, up $28.8M over the previous year.
Output Sports raises $4.8 million pre-series A funding round
Output Sports, an Irish sports technology company that disseminates athletic data through wearable sensors, has raised $4.8M in pre-Series A funding. The round was led by Uni.Fund and includes investment from Apex Capital and Dopamine Sports (both new investors), as well as existing backers Elkstone...
Boldyn Networks US secures $1.2 billion debt financing to expand U.S. business
Boldyn Networks US has announced a $1.2B debt financing via senior secured credit facilities and fixed rate notes. The network infrastructure developer said the capital injection will help its continued expansion into the U.S.
Scout secures funding for athlete finance tools
N.Y.-based Scout has secured a new round of funding that will support the buildout of personalized financial tools for athletes and their families, including added help with taxes and investment management. Scout would not disclose the value of the latest round but said it has now raised more than $...
Iowa women's hoops saw over $3.2M in ticket sales for Clark's final season in '23-24
The Iowa women’s basketball program generated more than $3.2M in home ticket sales during Caitlin Clark’s final season in 2023-24, "by far the most in Big Ten history,” according to Scott Dochterman of THE ATHLETIC. Iowa women’s basketball sold every home ticket in the 2023-24 season "three months i...
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Quote of the Day
“I’ve been in situations of disparity. I think the race team is going to focus on what they have to do this weekend, which I expect them to do. … [Kessler] did an unbelievable job today, and I think I put all my cards on the table”23XI co-owner Michael Jordan, on the impact the legal battle with NASCAR is having on the racing team.
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