Summary of Fox (NasdaqGS:FOX) 2025 Conference Company Overview - **Company**: Fox Corporation - **Event**: Fireside Chat at the Goldman Sachs Communicopia Technology Conference - **Date**: September 10, 2025 Key Points Industry and Business Strategy - **Overall Performance**: Fox's businesses are performing well, with strong momentum in advertising and distribution revenue [5][6] - **Strategic Shift**: The strategy initiated in 2019, following the sale of entertainment assets to The Walt Disney Company, has been successful, resulting in nearly $5 billion increase in revenue since then [7] - **Revenue Breakdown**: Approximately $2 billion of the revenue increase is attributed to advertising, and another $2 billion from distribution [7] - **EBITDA Growth**: EBITDA has increased by nearly $1 billion, with $8.5 billion returned to investors [7] Tubi and Direct-to-Consumer Strategy - **Tubi's Audience**: Tubi targets 60 million cord-cutters in the U.S., which is a significant market opportunity [5] - **Path to Profitability**: Tubi is on track to profitability, with reinvestment of capital into Fox One, the company's direct-to-consumer business [6] - **Fox One Launch**: Launched on August 21, 2025, at $19.99 per month, Fox One has exceeded initial expectations in terms of consumer demand [14] - **Bundling Strategy**: Plans to bundle Fox One with other providers, including an ESPN bundle launching on October 2 at $39.99 per month [15] Advertising Market Insights - **Strong Upfronts**: Fox experienced double-digit volume increases in advertising during the upfronts, indicating strong demand across sports and news [16] - **Sports Rights**: The premium portfolio of sports rights, including NFL and college football, drives advertising demand [17] - **Tubi's Position**: Tubi's free service model allows it to reach over two-thirds of its audience in the cord-cutting market, making it attractive to advertisers [18] Strategic Priorities - **Focus on Traditional Brands**: Fox News remains the number one channel in cable, and the company aims to continue growing its traditional brands [19] - **Digital Growth Investments**: Investments in digital platforms, including Fox One and Tubi, are prioritized for future growth [20] FanDuel Investment - **FanDuel Option**: Fox has an option to acquire 18.6% of FanDuel, valued at $3.1 billion based on current market valuations [11] - **Licensing Process**: Engaging with 26 states for licensing, the resolution of control related to the Murdoch Family Trust simplifies this process [12] Additional Insights - **Market Position**: Fox's CPMs for advertising are significantly lower than broadcast networks, attracting more advertisers [19] - **Audience Engagement**: The combination of news and sports content on Fox One has been effective in driving audience engagement [14]

Live on Kick talking markets, jobs, crypto rally, PUMP and moreThen our convo with @BunchuBets about Billy Bets and AI x Sports Betting via prediction marketshttps://t.co/mR4ZZM6Jb2 ...

Summary of Genius Sports (GENI) 2025 Conference Call Company Overview - Genius Sports is a sports technology company that partners with approximately 400 to 500 sports leagues and federations to capture and monetize data, providing a comprehensive end-to-end sports technology platform from data capture to betting and advertising [4][5][6] Core Business Insights - The company has consistently achieved over 20% annual growth since its listing in 2021, with a current guidance of 26% for the year [11][12] - Key growth drivers include: - Expansion of Total Addressable Market (TAM) in the U.S. and internationally, with new states and countries opening up for sports betting [12][13] - Shift towards in-play sports betting, which currently represents about 30% of the U.S. market but is expected to grow significantly [15][16] - Development of innovative products that enhance revenue from existing relationships, with a reported 40% year-on-year growth in the betting segment [18][19] Media Business and Advertising Strategy - The media segment is experiencing strong momentum, with a projected 60% year-on-year increase in the second half of the year [32] - Genius Sports leverages first-party data from its partnerships to target sports fans effectively, enhancing advertising opportunities for brands [30][31] - The partnership with PMG, a leading advertising agency, aims to expand the addressable market and enhance brand engagement through innovative sports advertising [38][39] Competitive Landscape - The competitive landscape has become less fragmented, with fewer players in the market, which is seen as beneficial for Genius Sports [46][47] - Long-term relationships with major sports leagues, such as the NFL and NCAA, provide a stable foundation for growth [48][49] Financial Performance and Capital Allocation - Genius Sports is now cash positive and has improved its EBITDA margin from 5% to 21% over the past three years, with a target of over 30% [62][63] - The company raised $140 million for potential M&A opportunities, focusing on high-quality sports technology and media strategies [64][65] Technology and AI Integration - GeniusIQ, the company's AI system, is central to its operations, enhancing data collection and providing innovative betting opportunities [74][75] - AI is expected to drive cost savings and improve profit margins while also creating new revenue opportunities in the sports sector [76] Leadership Transition - The CFO, Nick Taylor, will transition to Brian Castellani, who has extensive experience in the media and sports sectors, ensuring continuity and strategic focus moving forward [77][78] Additional Insights - The company is focused on engaging the next generation of sports fans through innovative technology and personalized experiences [70][71] - Genius Sports views emerging players in the prediction markets as potential opportunities rather than threats, maintaining a neutral stance on their impact [67][69]

This week on Yahoo Finance Sports Report, host Joe Pompliano takes a look at some of this week’s biggest headlines in the sports business world that you and your portfolio need to know. From the impact of college football’s first week of gameplay, to the $30 billion financial predictions coming out of legal sports betting, to the Kansas City Chiefs' ticket revenue, there are many financial plays to watch out for that are shaping the sports industry. Yahoo Sports Senior Writer Dan Wolken joins the show on-si ...

Market Size & Trends - College football games combined betting reached $157 million [1] - This is a significant total for the first weekend of games [1]

India has become one of the fastest-growing sports betting markets, but the rapid expansion is now colliding with a regulatory backlash https://t.co/3ZthXWH7Xp ...

Fans of the most popular sport in the U.S. can now trade on game outcomes on Robinhood's app. Just don't call it "sports betting." https://t.co/yVwvaElto1 ...

He's the Babe Ruth of our time. But also about a year and a half ago, it came out that Shoi Otani had been at least through a bank account of his gambling millions of dollars on sports. Otani's story, which it seems like authorities have accepted, the league has accepted, is that it was actually his translator accessing his bank account.>> Everybody who covers sports business in some ways is waiting for the big sports story to happen in gambling. Everybody thought it was going to be the show Otani think as ...

Summary of Flutter Entertainment Fireside Chat - August 13, 2025 Company Overview - **Company**: Flutter Entertainment (FLUT) - **Key Focus**: iGaming and sports betting, particularly in the US and international markets Core Points and Arguments 1. **Strong Q2 Earnings**: Flutter reported nearly $400 million in revenue for June with a 22.5% EBITDA margin, indicating strong performance across its business segments, especially in the US [1][2] 2. **Market Positioning**: The company has successfully transitioned to a US primary listing and moved its headquarters to the US, enhancing liquidity and index inclusion [3][4] 3. **Profitability and Growth**: Flutter has reached profitability in the US and is experiencing strong operating momentum, with significant growth potential in international markets [5][6] 4. **Sustainability of Growth**: The company is optimistic about continued growth in both mature and new markets, particularly in iGaming, where penetration rates are still increasing [9][10] 5. **Cost Savings Initiatives**: Flutter is on track to deliver $300 million in cost savings, which is expected to enhance margins and operational efficiency [13][68] 6. **Regulatory Landscape**: The company is actively managing regulatory relationships and is prepared for potential tax increases, viewing them as manageable risks [25][27][63] 7. **International Expansion**: Flutter is focusing on strategic acquisitions, such as SNAI in Italy and NSX in Brazil, to strengthen its market position and drive growth [48][51] 8. **iGaming Leadership**: FanDuel has become the number one iGaming brand in the US, with a focus on improving customer experience and exclusive content [31][36] 9. **Live Betting Innovations**: Flutter emphasizes the importance of live betting and has developed features to enhance user experience, positioning itself ahead of competitors [45][46] 10. **Future Outlook**: The company is confident in achieving its long-term margin targets and continues to explore M&A opportunities while returning capital to shareholders through share buybacks [71][88] Additional Important Insights - **Market Dynamics**: Flutter is not currently seeing any competitive impact from prediction markets in states where it operates sports betting [22] - **Tax Strategy**: The company is educating lawmakers on the implications of tax policies, emphasizing the need for sustainable tax rates to avoid pushing customers to the black market [28][66] - **Performance in Italy and Turkey**: Flutter has seen significant growth in Italy and Turkey, with Turkey experiencing a 125% growth rate on a constant currency basis in Q2 [60][61] - **Cash Flow Management**: The company reported $156 million in free cash flow for the quarter, with tax payments affecting cash flow timing [75][76] This summary encapsulates the key points discussed during the Flutter Entertainment Fireside Chat, highlighting the company's strong performance, strategic initiatives, and outlook for future growth in the gaming industry.

Regulatory Change Impact - The One Big Beautiful Bill Act includes a tax provision impacting professional gambling [1] - Starting in 2026, the deduction for gambling losses will be capped at 90% of winnings [1] - This change could significantly impact legal sports betting [2] Economic Consequences - Taxing winnings without full loss offset could lead to taxation on unrealized profits [2] - Professional gamblers may move to offshore markets [2] - Reduced professional gambler volume could lead to less fair betting markets with wider odds and higher fees [3] - State governments could face reduced tax revenue due to offshore migration [3] Industry Implications - Some sports books might welcome the change, as professional gamblers reduce their profits [3] - Legal gambling activity may decline as a result of the tax change [3]