Venture capital firm Westcap has taken a stake in Fit Foods, a major Canadian producer of sports supplements, signaling strong investor confidence in the growing health and performance nutrition sector.
Fox Corporation surpassed Wall Street's revenue and profit forecasts for the fourth quarter of 2025, driven by resilient advertising demand for its core news and sports programming and accelerating growth from its digital streaming services, Tubi and Fox One.
In a major policy reversal, the U.S. Commodity Futures Trading Commission has formally withdrawn a contentious 2024 proposal that sought to outlaw event contracts tied to politics, sports, and conflict. Chairman Michael S. Selig dismissed the plan as a politically motivated overreach, signaling the agency's intent to regulate—not stifle—the fast-growing prediction market sector.
Catapult Sports unveils its next-generation Perch P2 training system, expanding its focus from on-field performance tracking to integrated gym and rehabilitation workflows, as the company aims to build a comprehensive athlete health ecosystem.
The sports betting technology firm has formally applied to the CFTC for key regulatory designations, aiming to transform its state-licensed prediction market into a national offering amid a rapidly evolving competitive landscape.
BetMGM announced record financial results for fiscal year 2025, with net revenue soaring 33% to $2.8 billion. While CEO Adam Greenblatt reaffirmed the company's iGaming focus, a 63% surge in online sports betting revenue proved the primary growth driver, signaling a pivotal shift in the competitive U.S. digital gaming landscape.
Shares of Columbia Sportswear (COLM) soared over 13% after the outdoor apparel giant posted better-than-expected Q4 results and issued an optimistic full-year profit forecast, signaling a potential turnaround after a period of market skepticism.
A sharp decline in legal sports wagers in Illinois, coinciding with recent tax increases, points to a growing shift of bettors toward untaxed and unregulated offshore sites and local bookmakers, according to industry analysis.
The Washington Post has initiated a major restructuring, resulting in hundreds of layoffs across its newsroom, including the closure of its storied sports desk. The move comes despite direct appeals from reporters to owner Jeff Bezos and signals a sharp strategic pivot.
Fox Corporation reported a resilient second quarter, with total revenue climbing 2% to $5.18 billion despite a tough comparison to a record political advertising period last year. The media giant highlighted robust advertising and distribution growth, record engagement for its sports and news properties, and sustained profitability for its ad-supported streaming platform, Tubi.
Fox Corporation reported a 2% rise in Q2 revenue to $5.18 billion, fueled by robust advertising in news and sports, record engagement at Tubi, and the promising early performance of its new streaming service, Fox One. The media giant enters the second half of its fiscal year with confidence in its live-focused strategy.
The Washington Post is undergoing a significant contraction, scaling back its international footprint and dismantling core sections like Sports and Books. The move, described by management as a necessary reset, has sparked internal turmoil and raised questions about the paper's future direction under owner Jeff Bezos.
The Washington Post has eliminated its standalone sports department and reduced headcount across nearly all news divisions, part of a sweeping restructuring aimed at achieving financial stability by 2026.
Fox Corporation surpassed Wall Street forecasts in its fiscal second quarter, posting $5.18 billion in revenue. The media giant weathered a significant drop in political advertising on the strength of its sports programming, Fox News, and the Tubi streaming platform.
Fox Corporation reported a 2% rise in quarterly revenue to $5.18 billion, driven by distribution and advertising gains. However, shareholder net income fell sharply to $229 million, pressured by escalating costs for live sports programming rights—a strategic bet that is proving both a shield and a strain in a turbulent media landscape.
The Washington Post informed staff of significant layoffs and operational cuts Wednesday, including the closure of its Sports desk and daily podcast, as the newsroom grapples with financial pressures and a strategic pivot toward politics coverage.
Columbia Sportswear's fourth-quarter results surpassed guidance, driven by resilient international growth and direct-to-consumer strength, even as its domestic market continues to face pressure.
As the Super Bowl approaches, a new wave of exchange-traded funds offers investors a stake in the sprawling sports industry—from teams and venues to media and technology—rather than just a bet on the score.
Procter & Gamble is launching a series of high-profile sports marketing campaigns, including a new Old Spice Super Bowl activation and plans for the 2026 Winter Olympics, alongside expanding its oral care portfolio with Crest Clean Breath. The moves underscore the consumer goods giant's strategy to leverage global events and product innovation to maintain consumer mindshare and drive demand in key categories.
Chinese sportswear leader ANTA makes a strategic entry into the U.S. physical retail market with a flagship store in Beverly Hills, aiming to blend performance innovation with cultural storytelling, following its recent major investment in Puma.
