Tariff Shock Wipes $318 Billion From Sports Stocks in a Week
The stock market reaction to the global Trump tariffs has chopped $318 billion in value from sports stock in a week, according to Sportico data. That’s nearly 10%…
Stocks
Genius, EA Avoid Sports Stock March Bloodbath as Market Plunges Â
Sports stocks suffered broad declines in March along with the rest of the stock market, as worries over eroding consumer confidence sent stocks to their worst month in…
Investing in Athlete Futures Proves to Be a Hard Sell
It’s a simple idea that seems to have lots of obvious appeal: An athlete sells a future stream of income in return for a bucket of money today. For the players, the cash…
Puma, Dick’s Shares Fall on Weak 2025 Outlook, Tariff Uncertainty
Shares of Dick’s Sporting Goods and sneaker maker Puma each fell Tuesday as both companies issued downbeat guidance for the year reflecting uncertainty over the effect…
Genius Sports Stock Surges Against Market Tide on 2025 Outlook
Genius Sports stock surged 12% Tuesday on the New York Stock Exchange as a strong 2025 outlook from management overcame missing profit estimates by a wide margin for the…
Sports Stocks Slump in February as Consumer Spending Worries Emerge
Souring consumer sentiment knocked sports stocks back 4% in February, as apparel and gear makers bore the brunt of a market wide slump. The Sportico Sports Stock…
Rainbow Six Crowd Shows Esports Still Alive After Wall Street Bust
BOSTON — Freezing temperatures made worse by a blustery Boston wind didn’t dissuade thousands of fans from lining up along Ipswich and Van Ness streets beside Fenway…
Rogers May Sell Part of MLSE to Close Out Controlling Stake
Canadian telecom and media giant Rogers Communications expects to sell equity in Maple Leaf Sports & Entertainment, the owner of nine sports teams, including the Toronto…
U.S. Sports Betting Grows as Wall Street Eyes Latin America
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. A big topic when investors talk with…
Netflix Beats Earnings Expectations as NFL, Paul-Tyson Boost Subs
The NFL and the Jake Paul-Mike Tyson fight highlighted a blowout fourth quarter for Netflix, which beat Wall Street analyst expectations for revenue and net…
Man United’s Other Owners Profit as Ratcliffe Sits on $700M Loss
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox.When Jim Ratcliffe gave his first interview…
UK Fund Manager Extends TKO, Man United Stock Sell-Off
British investment fund Lindsell Train has cut its stake in two marquee sports stocks once again, as a year-end regulatory filing shows the company has lowered its…
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