NFL Revenue Exceeds $23 Billion in FY 2024, Teams Receive 8.9% Increase in Distributions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Significant Revenue Growth: The NFL's total revenue surpassed $23 billion in FY 2024, underscoring its position as the world's most profitable professional sports league and reinforcing its market leadership.
- Increased Team Distributions: Each team received $416 million in distributions from the league's media, sponsorship, and licensing revenue, reflecting an 8.9% year-over-year increase, which will enhance financial stability and support team operations and development.
- Deepened Tech Partnership: The NFL expanded its partnership with Amazon Web Services (AWS) in 2024 to include generative AI capabilities, leveraging AI to analyze player data to enhance game experiences and reduce injury risks, demonstrating the league's ongoing commitment to technological innovation.
- Virtual Reality Applications: Nvidia's GPUs are widely used in the NFL for virtual reality and augmented reality applications, aiding teams in player training and enhancing viewer experiences, further driving the adoption of technology in sports.
Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMZN is 294.71 USD with a low forecast of 250.00 USD and a high forecast of 340.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
43 Analyst Rating
40 Buy
3 Hold
0 Sell
Strong Buy
Current: 238.180
Low
250.00
Averages
294.71
High
340.00
Current: 238.180
Low
250.00
Averages
294.71
High
340.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
