March Madness
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Robinhood CEO Vlad Tenev Foresees Big Year Ahead For The Platform's Prediction Market Business Amid Winter Olympics, FIFA World Cup Buildup
Yahoo Finance· 2026-02-13 11:01
Core Insights - Robinhood Markets Inc. is optimistic about its prediction markets business, especially with major sporting events scheduled for the year [1][3] Group 1: Prediction Markets Performance - During the fourth-quarter earnings call, it was revealed that NBA contracts have surpassed NFL contracts in trading activity on Robinhood's prediction market platform [2] - Despite concerns about a decline in trading activity after the 2025 football season, the company anticipates a strong year for sports-related contracts due to events like the Winter Olympics and FIFA World Cup [3] - The CEO noted that non-sports contracts are also performing well, with significant volume driven by contracts related to government shutdowns [3] Group 2: Financial Performance - Robinhood reported a record fourth-quarter revenue of $1.28 billion, although it fell short of the Street estimate of $1.34 billion [5] - The company achieved fourth-quarter earnings per share of 66 cents, exceeding the consensus estimate of 62 cents per share [5] - In 2025, over 12 billion prediction market contracts were traded, with a record 8.5 billion contracts traded in the fourth quarter [5] Group 3: Technological Developments - Robinhood announced the launch of a test version of its Robinhood Chain, an Ethereum Layer 2 solution, allowing developers to create applications for tokenized real-world assets [6] - The company has partnered with Chainlink to enhance advanced tokenization use cases, bridging off-chain and on-chain environments [7]
Shaq-A-Licious XL Gummies Named Official Gummy Of March Madness
Prnewswire· 2025-03-24 13:00
Company Overview - The Hershey Company has launched Shaq-A-Licious XL Gummies, which have been named the Official Gummy of March Madness, enhancing its partnership with the NCAA [1][2] - Hershey's portfolio includes over 20 iconic brands and generates more than $11.2 billion in annual revenues, with products available in approximately 70 countries [9][10] Product Details - Shaq-A-Licious XL Gummies were created in partnership with Shaquille O'Neal and launched in 2024, featuring two varieties: Shaq-A-Licious Originals and Shaq-A-Licious Sours [4] - The Originals are shaped like Shaq's face and come in peach, berry punch, and orange flavors, while the Sours include green watermelon, pineapple, and mixed berry flavors [4] Marketing and Promotions - The partnership with the NCAA includes promotional activities during the Final Four weekend, such as product sampling and interactive fan experiences [3] - Hershey's collaboration with Operation Homefront highlights its commitment to community support, particularly in relation to military families [3] Brand and Celebrity Influence - Shaquille O'Neal is a prominent figure in sports and entertainment, known for his successful career as an NBA player and his various business ventures [5][6] - O'Neal's brand resonates with consumers through his "Business of Fun" mantra, which is reflected in the marketing of Shaq-A-Licious XL Gummies [5][6]
Mondelēz Returns to March Madness® With a New TV Spot Featuring Superstars Juju Watkins and Jackson Shelstad
Prnewswire· 2025-03-13 14:00
Core Insights - Mondelēz is enhancing its partnership with the NCAA by collaborating with current and former NCAA athletes to generate excitement during the March Madness tournament [1][3][7] - The company is offering fans a chance to win a VIP trip to the 2026 NCAA Men's or Women's Final Four through various promotional activities [1][4] Partnership and Promotions - The partnership includes a 30-second advertisement featuring college basketball stars Juju Watkins and Jackson Shelstad, which began airing on March 13 [2][3] - Mondelēz brands such as OREO, RITZ, CHIPS AHOY!, TRISCUIT, and WHEAT THINS will engage fans through a microsite where they can enter sweepstakes and participate in games to win prizes [4][5] Athlete Involvement - A roster of NCAA athletes has been selected as brand ambassadors to promote Mondelēz products during the tournament [3][7] - Notable athletes include Caleb Love, Juju Watkins, Brandon Dwyer, and others representing various brands under Mondelēz [7] Event Presence - Mondelēz will have a significant presence at the Men's Final Four in San Antonio, offering giveaways and interactive experiences for fans [5][6] - The belVita brand will debut at the NCAA Women's Final Four in Tampa, providing samples and hosting meet-and-greet events [6] Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024, with a diverse portfolio of iconic brands [9]