Finance

TKO Group beats analyst expectations, raises guidance amid strength from UFC, WWE

Closing Bell - 05/08/2024

TKO Group beat expectations on top and bottom line in the first quarter of 2024 and is raising its full-year guidance accordingly, fueled by a new relationship with Netflix and allayed investor concern over the future of Vince McMahon and UFC’s antitrust lawsuit. The umbrella company of...

Gain on value of USFL assets helps Fox’s profits in Q3

Daily - 05/08/2024 | Daily - 05/08/2024

Fox “beat Wall Street estimates with its fiscal Q3 earnings report” Wednesday, as profits were helped by a “gain on the value of its USFL assets,” which it merged with the XFL to create the UFL , according to Alex Weprin of the HOLLYWOOD REPORTER. Ad revenue was “down sharply” for...

Silver Lake raises $20.5B in latest funding round

Daily - 05/08/2024

Private equity group Silver Lake has “raised its largest fund to date” as it “shifts its focus back to big takeovers and halts the smaller-sized bets” it believes have backfired in recent years, according to Antoine Gara of the FINANCIAL TIMES. The US-based group -- which has agreed to...

Golf service Noteefy completes seed round

Morning Buzz - 05/08/2024

Noteefy, an automated golf booking service, has completed a seed capital round for an undisclosed amount as it looks to grow its technology. Currently, more than 350 golf courses or resorts use Noteefy. Phoenix Capital Ventures led the round and was joined by VC firm Perot Jain, TRT Holdings...

NFL close to allowing private equity investments

Morning Buzz - 05/08/2024

Groups of private equity investors "may soon be allowed to buy as much as 30%" of NFL franchises, as a "special NFL committee is meeting to examine the league’s ownership rules." Proposals under discussion would let buyout firms "individually acquire" as much as 10% of a team. Talks are...

Puma sees profit decline in Q1 financial report

Morning Buzz - 05/08/2024

Puma reported a decline in first-quarter earnings, posting $93.9M in net profit for the period, compared with $126.1M a year ago, on sales that fell 3.9% on year after they were "hit by unfavorable currency effects." The sportswear company said that the market "continued to be volatile" and that...

AI nutrition app Hexis raises $2M in pre-seed round

Morning Buzz - 05/08/2024

Hexis, an AI-powered personalized sports nutrition app, has raised a $2M pre-seed funding round co-led by athlete-driven venture firm Apex Capital and by Rasmus Ankersen ’s Sport Republic, an investment group with controlling interests of soccer clubs in England, France and Turkey. “Their...

Manchester 62 FC receives $20M angel investment to support research on concussions, CTE risks

Power Up Newsletter - 05/08/2024

Manchester 62 FC, a football club based in Gibraltar, announced a $20 million angel investment from U.S.-based private equity firm Monstranamus to support the club’s mission to be a leader in promoting research on concussions and CTE risks in sports. Manchester 62 FC is a partner of...

All England Club posts record profit, LTA payment

Closing Bell - 05/07/2024

The All England Lawn Tennis Club has given the Lawn Tennis Association its "highest surplus payment ever" -- $61M -- after posting "record financial figures" for Wimbledon last year. The club’s annual accounts have confirmed that Wimbledon remains "one of Britain’s most lucrative sporting events," as income in 2023...

Aramark sees record Q2 revenue for both U.S., international segments

Daily - 05/07/2024

Aramark booked record Q2 revenue for both its U.S. and international segments and grew quarterly company-wide revenue 7% year-over-year to $4.2B, according to an SEC filing posted this morning. That growth was led by the U.S. segment, which recorded over $3B in Q2 revenue, backed in part...

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Finance

TKO Group beats analyst expectations, raises guidance amid strength from UFC, WWE

Gain on value of USFL assets helps Fox’s profits in Q3

Silver Lake raises $20.5B in latest funding round

Golf service Noteefy completes seed round

NFL close to allowing private equity investments

Puma sees profit decline in Q1 financial report

AI nutrition app Hexis raises $2M in pre-seed round

Manchester 62 FC receives $20M angel investment to support research on concussions, CTE risks

All England Club posts record profit, LTA payment

Aramark sees record Q2 revenue for both U.S., international segments

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