Sports news

Planet Fitness Inc (NYSE: PLNT) jumped more than 5.0% in the stock market this morning after announcing a new acquisition that it said will boost its earnings by more than 10% in 2022. Transaction to complete in Q2 of 2022 Planet Fitness on Tuesday said it will buy Sunshine…

The sports and gambling industry is one of the fastest-growing sectors in the world. The exponential growth happened mostly during the Covid-19 pandemic as most people took advantage of online sports. In this article, we will look at the three best UK gambling stocks to invest in. Flutter Entertainment Flutter…

The sports industry has been actively forging sponsorship deals with the crypto-verse to create new revenue streams. While these partnerships have worked out great for several renowned teams, others have not had the same luck. Examples of clubs that have had a falling out with their crypto partners are FC…

On Friday, Foot Locker Inc. (NYSE:FL) shares plummeted by nearly 13% after announcing its fiscal third-quarter results. The company reported its most recent quarterly results before markets opened, beating the consensus for analyst expectations on revenue and earnings. However, Foot Locker also warned that it expects…

On Wednesday, Manchester United Plc (NYSE:MANU) shares edged slightly lower despite reporting better than expected fiscal first-quarter 2022 results. The company announced its most recent quarterly results before markets opened, beating the consensus for analyst expectations on revenue and earnings. MANU posted fiscal first-quarter non-GAAP earnings…

Dover Motorsports (NYSE: DVD) was recently acquired by a leading sponsor, promoter, and marketer of motorsports entertainment. In addition, Dover recently announced that it would be executing a definitive agreement where Speedway will acquire it for $3.61 a share.  Speedway’s Chief Executive Officer and President, Marcus Smith, and Dover’s…

DraftKings Inc (NASDAQ: DKNG) blamed higher cost of revenue as it reported widened loss and lower-than-expected revenue for its fiscal third quarter on Friday. Shares opened 5.0% down but recovered entirely in a few hours. Highlights from CEO Robins’ interview on CNBC’s ‘Squawk on the Street’ DraftKings spent 49.3%…

The U.K.-based Blue Prism (LON: PRSM), a software company, has agreed to a sale deal proposed by Vista Outdoor Inc (NYSE: VSTO). The U.K.-based firm will be sold for $1.5 billion. It is learned that Blue Prism is one of the companies that has recently caught the…

eToro announced a new multi-year partnership with Arsenal today. This is another milestone as part of the top exchange’s sports collaborations strategy, coming in the wake of partnerships with Aston Villa, Crystal Palace, Leeds United, Southampton, and Newcastle United. Arsenal’s Chief Commercial Officer, Peter Silverstone said: “eToro has…

Paris Saint-Germain (PSG) announced a multiyear partnership with crypto.com, the fastest growing crypto exchange in the world. Apart from becoming the club’s official cryptocurrency platform partner, crypto.com will also release exclusive Non-Fungible Tokens (NFTs) on its native NFT platform, crypto.com/NFT, Invezz learned from a press release. Unparalleled international appeal PSG…

Sports betting stocks have been catching more interest in recent weeks ahead of the NFL season that kicks off this Friday. For anyone still wondering how to play the “sports are back, and so is betting” trade, Jefferies picked the top three names in this niche that it sees as…

Online gambling company DraftKings Inc. (NASDAQ:DKNG) shares fell sharply on Tuesday morning to extend Monday losses before bouncing back later. The stock price created a downward price gap after Hindenburg Research warned about its recent merger with SBTech, another online gambling company…

Dick’s Sporting Goods Inc. (NYSE: DKS) reported its financial results for the fiscal first quarter on Wednesday that beat Wall Street estimates. Financial performance Dick’s Sporting Goods said its net income in the first quarter printed at $361.8 million (£255.44 million) that translates to $3.41 per share. In the…

Shares of the daily fantasy sports contest and betting operator DraftKings Inc. (NASDAQ:DKNG) on Monday gained 7.24% after news emerged that it showed interest in acquiring WarnerMedia’s sports media property, Bleacher Report. Reports also indicate that Discovery Communications Inc. (NASDAQ:DISCA) backed Group…

FuboTV Inc. (NYSE: FUBO) shares soared 22% on Wednesday morning as the company reported robust financial results for its fiscal first quarter. On the back of hawkish Q1 performance, FuboTV also raised its guidance for the full year. FuboTV is currently exchanging hands at £15.04 per share versus a…

DraftKings Inc. (NASDAQ: DKNG) said on Friday its revenue posted a close to 200% growth in the fiscal first quarter. The company, however, reported a wider than expected loss in Q1 that more than quadrupled on a year over year basis.   1. Financial performance DraftKings noted £247.62 million of…

Under Armour Inc. (NYSE: UAA) published its earnings report for the fiscal first quarter on Tuesday that topped Wall Street estimates, despite the ongoing COVID-19 restrictions. On the back of upbeat quarterly performance, the company also raised its guidance for the full year. Financial performance in Q1 Under Armour…

Nike Inc. (NYSE: NKE) said on Thursday that its sales in the fiscal third quarter fell shy of what analysts had anticipated due to the COVID-19 restrictions. The company, however, posted better than expected per-share earnings in Q3. Nike shares closed the regular session more than 0.5% down…

DraftKings Inc. (NASDAQ: DKNG) said on Friday that its revenue in the fiscal fourth quarter came in better than last year on the back of an increase in the number of monthly unique players. The company, however, still reported a wider than expected loss in Q4. DraftKings shares were…

Royal Mail plc (LON: RMG) named Simon Thompson as its new Chief Executive Officer for its UK business on Monday. The retail industry veteran has formerly worked at several world-renowned companies, including WM Morrison, Ocado, Apple Inc, Honda, Motorola, and HSBC. Royal Mail shares opened about 1% down…

Nike Inc. (NYSE: NKE) said on Friday that its revenue returned to the growth zone in the fiscal second quarter. The athletic-apparel giant hit a fresh new high in the stock market following the release of its earnings report on Friday. Nike shares were reported more than 3%…

JD Sports (LON: JD) revealed to have bought Shoe Palace for £244 million on Tuesday – an acquisition that the British company expects will help it expand its operations in the United States West Coast. JD Sports bought Finish Line in 2018 to make a debut in the U.S.