5 Key Stocks For 2023 NFL Season: Investors Eye Sports Betting, Media Rights, And Super Bowl
Portfolio Pulse from Chris Katje
The 2023 NFL season is expected to benefit several companies with media rights for NFL games, including Paramount Global, Fox Corp, Comcast Corporation, Walt Disney Co, Amazon.com, and Alphabet Inc. The focus is on five stocks: Paramount, Amazon, Alphabet, and two sports betting companies, DraftKings Inc. and Genius Sports Ltd. Paramount will broadcast several NFL games and the Super Bowl LVII. Alphabet's YouTube has acquired the rights to NFL Sunday Ticket. Amazon has the rights to Thursday Night Football games. DraftKings and Genius Sports could benefit from the legalization of sports betting in additional territories.
August 17, 2023 | 12:34 pm
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POSITIVE IMPACT
Amazon has the rights to Thursday Night Football games, which could increase its advertising for Prime sign-ups.
Amazon's airing of Thursday Night Football could lead to increased advertising for Prime sign-ups, potentially boosting the company's revenue and positively impacting its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
DraftKings could benefit from the legalization of sports betting in additional territories for the 2023 NFL season.
The legalization of sports betting in additional territories could increase DraftKings' market share, potentially boosting the company's revenue and positively impacting its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Genius Sports, the exclusive carrier of NFL games data, could benefit from increased interest and potential new partners for its exclusive data.
Increased interest in NFL games data could lead to new partnerships for Genius Sports, potentially boosting the company's revenue and positively impacting its stock.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Alphabet's YouTube has acquired the rights to NFL Sunday Ticket, which could lead to a price hike in the monthly subscription fee for YouTube TV.
YouTube's acquisition of NFL Sunday Ticket rights could lead to a price hike for YouTube TV, potentially increasing the company's revenue and positively impacting its stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 85
POSITIVE IMPACT
Paramount Global will broadcast several NFL games and the Super Bowl LVII, potentially increasing its audience and advertising revenue.
Paramount's broadcasting of NFL games and the Super Bowl could attract more viewers, leading to increased advertising revenue. This could positively impact the company's stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90