FOS PM: Comcast’s $30.3 billion quarter

Adidas plans to hire 2,800 new employees this year at 307 locations in 47 countries – more than 800 jobs will be based in the USA. The news comes after the sneaker company signed its largest office lease in downtown Los Angeles in over a year.

Comcast/NBC/Design: Alex Brooks

Comcast posted gains in streaming as it braces for what could be its busiest sports month in a decade.

The media and telecommunications company will see the convergence of its two high-end sports facilities in February when it broadcasts both the 2022 Winter Olympics in Beijing and Super Bowl LVI in Los Angeles.

  • Peacock, the company’s steam service, reached 24.5 million monthly active users and 9 million paying users by the end of 2021. The service launched in the UK and Ireland in Q4.
  • Peacock’s earnings grew $778 million in 2021, but adjusted EBITDA loss increased to $1.7 billion. Those numbers increased from $118 million and $663 million in 2020, respectively.
  • Despite Peacock’s losses, adjusted EBITDA for the entire NBCUniversal portfolio rose 6% year over year to $5.7 billion.

Comcast Chief Financial Officer Mike Cavanagh said that the company plans to double its content spend to $3 billion by 2022.

Bounceback Quarter

Comcast reached $30.3 billion in sales in Q4 2021, up 9.5% year over year and up 6.7% year-on-year in 2019. EBITDA increased 17% year over year to $8.4 billion.

the Summer Olympics brought in $1.8 billion in media revenue in 2021.

Comcast-owned Sky that lasts First League Rights, saw revenue decline 2.5% to $5.1 billion for the quarter.

Nordic Track/Design: Alex Brooks

Peloton isn’t the only home fitness company facing major financial dilemmas — as is competitor iFIT Health and Fitness, which sells NordicTrack products.

One of the company’s lenders, Pamplona Capital Management, filed a lawsuit against iFIT over an agreement iFIT had entered into with a China-based manufacturer, according to to the New York Post. That reported 300 million dollars Lawsuit could result in the company filing for bankruptcy.

  • The lawsuit comes shortly after the company called off an IPO that could have increased $650 million.
  • Like Peloton — whose troubles stemmed in part from a drop in demand for at-home fitness –– iFIT is reportedly bleeding money.

From good to bad

Just a few months ago, when the company filed for an IPO, iFIT was looking good — or at least it seemed so.

In the 2021 financial year, iFIT generated $1.7 billion in sales, a big increase from last year when the brand grew $851.7 million. It had even expanded and acquired its portfolio sweat and 29029.

Previous lawsuits have not harmed the company either. iFIT got involved multiple lawsuits in the last few years, sued by and countersued peloton.

Samsung/Design: Alex Brooks

Samsung posted record fourth-quarter sales, driven by demand for its computer chips, which power much of the video game industry.

The Korean tech giant generated $63.7 billion Revenue for the fourth quarter of 2021 compared to $55.33 billion for the same period last year. The world’s largest chipmaker reported record revenue despite challenges related to supply chain issues and COVID, which are expected to continue.

Full-year sales reached a record $232.5 billion, up from $212.82 billion in fiscal 2020.

Samsung has been proactive in building a presence in the gaming and chip industries.

  • In 2020, the company received an order to produce chips for a gambling company NVIDIA.
  • Last June it announced that it will work with AMD to make graphics chips.
  • It promised to invest $206 billion in the next three years with a focus on chip production.

Samsung was willing to spend more than its competitors to improve its semiconductor business. The company reported an industry-leading $36.3 billion in semiconductor investments in fiscal 2021 due to the acquisition of tooling to expand chip and memory production.

fitness in mind

Last August, Samsung said it would Update the chip in his Galaxy Watch series, which includes the fitness-focused Galaxy Active Line. The company planned it to build a new 17 billion dollars semiconductor factory outside of Austin, Texas to facilitate production of their computer products.

Construction of the factory, which is scheduled to open in 2024, will begin later this year.

  • In The Leadoff, Ohio State creates a NIL group to help athletes make more money, a potential new owner of the Denver Broncos could score big tax breaks, a Bally shareholder offers a 79% stake at value and Formula 1’s Williams Racing is selling its battery arm for $220 million. Click here to listen.
  • Two former San Diego City attorneys have filed a lawsuit against the NFL over the Chargers’ 2017 move to Los Angeles claims The NFL violated its own policy.
  • Mubadala Investment Company is now the title partner of the grand finale of SailGP Season 2, which will take place in San Francisco starting March 26th.
  • NFL Championship Sunday is just 72 hours away – and yet one of the biggest storylines concerns the future of a quarterback who won’t play this weekend. the Aaron Rodgers’ chatter intensified Thursday with the possibility of two new targets for Green Bay’s troubled star. Subscribe to the sports section for more on the quarterback’s possible move.

(Note: All as of market close on 01/27/22)

The Los Angeles Lakers (24-24) take on the Philadelphia 76ers (28-19) at the Wells Fargo Center on Thursday.

how to watch: 7:30 p.m. ET on TNT

betting odds: 76ers -2.5 || ML-140 || O/U 217.5* (Rely on DraftKings)

Choose: Expect the Lakers to build Tuesday’s win over the Brooklyn Nets. Take cover from LA.

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