Articles

  • 1 week ago | sportico.com | Brendan Coffey

    Video game publisher Take-Two Interactive Software saw its shares drop by as much as 10% Friday after the company announced that the next edition of its Grand Theft Auto game would be delayed until a year from now. “We hope you understand that we need this extra time to deliver at the level of quality you expect and deserve,” Take-Two Rockstar Games division wrote on a social media post Friday morning.

  • 1 week ago | sportico.com | Brendan Coffey

    Shares of sports-centric streaming platform Fubo dropped 17% in early trading Friday after the company announced quarterly results that drew concern over ad revenue and worldwide growth despite the business beating expectations for the period.

  • 1 week ago | sportico.com | Brendan Coffey

    Just two months ago, the renderings were posted to the website and the announcement made to investors: Churchill Downs would undertake the largest expansion and renovation in the 150-year history of the racetrack, the annual home to the Kentucky Derby. But since President Donald Trump’s tariffs have effectively sparked a trade war, it’s quite possible the big plans for the Kentucky Derby, backed by Churchill Downs CEO William C. Carstanjen, have kicked the bucket.

  • 1 week ago | sportico.com | Brendan Coffey

    Sports cards highlighted eBay’s start to 2025, helping the sales platform post first-quarter revenue and profit that beat Wall Street expectations. “We’re really pleased with the trading cards growth. It grew healthy double digits year-on-year in Q1, and growth accelerated for the ninth straight quarter,” eBay CEO Jamie Iannone said in response to a question from Deutsche Bank analyst Lee Horowitz on an earnings call Wednesday evening.

  • 1 week ago | sportico.com | Brendan Coffey

    Mergers and acquisitions activity in sports tech has started the year strong after a record 2024, showing only tentative signs of caution around President Donald Trump’s tariffs and the resulting trade war, says U.S. investment bank Drake Star in a new market analysis released Thursday.

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