Latest news with #Robins
BBC News
6 hours ago
- Sport
- BBC News
Wales forward Morgan to leave Bristol City
Wales forward Ffion Morgan will leave Bristol City when her contract expires at the end of 25-year-old, who was selected in Wales' 23-strong squad for the 2025 Women's European Championship, has been at Bristol since 2021 and has made 89 appearances for the Robins, scoring 15 goals. She won the Supporters' Player of the Year following her performances in the 2024/25 told the club website: "I'm sad to be leaving a club that has played a massive part in my career so far. I have made great memories, worked with wonderful staff and players, and have made friends for life."I want to say a massive thank you to the fans who have made the city of Bristol my second home for the last four years and wish you every success in the future."It's been an absolute pleasure, once again, thank you."It has not been announced which club Morgan will join for next season.
The Independent
a day ago
- Sport
- The Independent
Gerhard Struber replaces Liam Manning as Bristol City manager
Former FC Coln manager Gerhard Struber has been named as the latest man to take on Bristol City's Premier League ambitions. The 48-year-old Austrian has signed a deal that takes him to the end of the 2027/28 campaign and replaces Liam Manning, who recently departed to become manager of Norwich City. Bristol City chairman Jon Lansdown told the club's website: 'We are delighted to have Gerhard joining us. He has managed in a variety different countries, including in the Championship, and brings a wealth of experience and energy. 'For the last four years, we have moved our academy teams towards a high intensity, pressing style of play, and combined this with recruiting younger players with those same capabilities for the first team. 'Gerhard's style is perfectly suited to this way of playing and his passion for developing younger players is also a great fit for our club. 'It's a really exciting appointment and I'm looking forward to us building on the progress the club has made.' Also speaking to the club website, Struber said: 'I am very excited for the job here with great fans and a great team. I'm looking forward to a new task. 'The style of play here fits completely, especially developing young players. 'This is a very interesting group, and I think they did a great job last season and were very successful. Right now is the time to build and do everything we can to take us to the next level.' The Robins made the Championship play-offs last season but came out on the wrong end of their semi-final clash with Sheffield United, losing 3-0 in both legs. They've not played top flight football since 1980. A former midfield player for SV Austria Salzburg and Austrian Under 21 international, Struber has previous experience managing in the EFL with Barnsley. He's also been at the helm at both New York Red Bulls and Red Bull Salzburg. His most recent appointment with FC Koln was terminated by the German club last month.
ITV News
2 days ago
- Sport
- ITV News
Bristol City appoint Gerhard Struber as new head coach
Gerhard Struber has been appointed as Bristol City's new men's head coach on a three-year contract until 2028. The 48-year-old joins the Robins after most recently managing FC Köln in Germany and will join the squad when they return for pre-season training next week. The Austrian has previous managerial experience in England after an 11-month stint with Barnsley in which he steered the club to Champioship survival. Struber has extensive experience across several countries and has had spells at New York Red Bulls and Red Bull Salzburg before heading to Germany. 'We're very successful' - Struber Gerhard Struber said: 'I am very excited for the job here with great fans and a great team. I'm looking forward to a new task. 'The style of play here fits completely, especially developing young players. This is a very interesting group, and I think they did a great job last season and we're very successful. "Right now is the time to build and do everything we can to go the next step. "The big responsibility is in the first team, to build, develop and create results but at the same time it is a duty to bring players from the local area and into the academy and give them a pathway to become a professional footballer at Bristol City. 'I like to play with high intensity on the field. We will control, we will dominate the game, and we'll play attractive football for the fans. 'We need them [fans] behind us, we need them over the whole season and with us through the ups and downs. We need the twelfth man behind us to help us achieve and take the next step.' 'Great fit for our club' - Lansdown Struber replaces Liam Manning, who left Ashton Gate to join his hometown club Norwich City on 3 June, 2025. The 39-year-old had guided the Robins to sixth in Championship last season, securing their first play-off campaign in 17 years. Struber, who lost his job at Cologne in May despite guiding the second-tier club to the brink of promotion to the Bundesliga. Bristol City Chairman, Jon Lansdown, said: 'We are delighted to have Gerhard joining us. He has managed in a variety different countries, including in the Championship, and brings a wealth of experience and energy. 'For the last four years, we have moved our academy teams towards a high intensity, pressing style of play, and combined this with recruiting younger players with those same capabilities for the first team. 'Gerhard's style is perfectly suited to this way of playing and his passion for developing younger players is also a great fit for our club. 'It's a really exciting appointment and I'm looking forward to together building on the progress the club has made.'
Yahoo
11-06-2025
- Business
- Yahoo
DKNG Q1 Earnings Call: Customer-Friendly Outcomes Drive Guidance Lower Despite Product Gains
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market's revenue expectations in Q1 CY2025, but sales rose 19.9% year on year to $1.41 billion. The company's full-year revenue guidance of $6.3 billion at the midpoint came in 1.1% below analysts' estimates. Its non-GAAP profit of $0.12 per share was in line with analysts' consensus estimates. Is now the time to buy DKNG? Find out in our full research report (it's free). Revenue: $1.41 billion vs analyst estimates of $1.46 billion (19.9% year-on-year growth, 3.4% miss) Adjusted EPS: $0.12 vs analyst estimates of $0.12 (in line) Adjusted EBITDA: $102.6 million vs analyst estimates of $98.92 million (7.3% margin, 3.8% beat) The company dropped its revenue guidance for the full year to $6.3 billion at the midpoint from $6.45 billion, a 2.3% decrease EBITDA guidance for the full year is $850 million at the midpoint, below analyst estimates of $910.4 million Operating Margin: -3.3%, up from -11.8% in the same quarter last year Monthly Unique Payers: 4.3 million, up 900,000 year on year Market Capitalization: $17.97 billion DraftKings' first quarter performance was shaped by a combination of increased product adoption and the impact of unpredictable sports outcomes. CEO Jason Robins explained that while product enhancements led to higher sportsbook hold percentages and more efficient promotional spending, customer-friendly results during March Madness significantly reduced actual hold relative to expectations. Robins emphasized, 'If not for customer-friendly sport outcomes in March, we would be raising our fiscal year 2025 revenue and adjusted EBITDA guidance.' The company also saw growth in live betting and improved efficiency in marketing, as recent acquisitions began to contribute positively to operational results. Looking forward, DraftKings' revised guidance reflects ongoing uncertainty around sports outcomes, evolving state tax and regulatory environments, and continued emphasis on product innovation. Management highlighted the company's commitment to optimizing promotional strategies and leveraging artificial intelligence (AI) to drive both revenue and operational efficiencies. CFO Alan Ellingson noted, 'We continue to expect sports book net revenue margin of 7% to 7.5% as we anticipate higher structural sports book hold percentage and increased promotional efficiency to offset the impacts from customer-friendly sports outcomes year-to-date.' The company expects to further integrate recent acquisitions and capitalize on advancements in live betting and AI-driven initiatives, while monitoring regulatory developments and market maturity across key states. Management attributed quarterly revenue growth and margin improvement to product-driven gains and promotional discipline, offset by unfavorable sports results and regulatory changes. Live betting acceleration: DraftKings saw a significant increase in live betting activity, with live handle surpassing 50% of total handle for the first time. This shift was attributed to recent product improvements and acquisitions, particularly in live betting technology, which management believes will continue to drive engagement and future growth. Product mix and parlay adoption: The company reported a higher mix of parlay bets, both among new and existing customers, contributing to increased sportsbook hold percentages. Management described this as a key lever for profitability and noted that customers continue using parlay products even after promotional incentives subside. Promotional spend optimization: DraftKings continued to reduce promotional reinvestments as a share of gross gaming revenue, reflecting the maturation of customer cohorts and more targeted marketing strategies. Management expects this trend to persist as newer states mature and the customer base becomes less reliant on promotions. AI integration and operational efficiency: The company has expanded its use of AI across business functions, improving both customer service and internal productivity. Management highlighted cost reductions and efficiency gains, with CEO Robins describing AI adoption as a "company-wide movement" that is reshaping how teams approach operational challenges. Regulatory and tax headwinds: Increases in state tax rates, such as in Maryland, and the exit of Jackpocket operations in certain markets negatively affected quarterly results. DraftKings is closely monitoring regulatory risks as states consider new taxes or changes that could impact profitability and competitive dynamics. DraftKings expects future performance to be driven by product innovation, operational efficiency, and market responses to regulatory and sports outcome variability. Expansion of live and in-play betting: Management believes growth in live betting, driven by technology investments and improved user experiences, will be a major contributor to handle and revenue. The company is targeting continued increases in live handle mix, inspired by higher adoption rates in more mature international markets. AI-driven operational gains: DraftKings is scaling its use of AI to enhance both customer-facing products and internal operations, aiming for efficiency improvements in areas such as customer service and risk management. Management expects these initiatives to reduce costs and support margin expansion, while also informing product development and betting models. Regulatory and tax environment: The company anticipates ongoing headwinds from state tax rate increases and evolving regulatory requirements. Management is focused on mitigating these impacts through product optimization, cost control, and advocacy to ensure a favorable operating landscape, while recognizing the risk of further tax changes and competition from illegal markets. In upcoming quarters, the StockStory team will be watching (1) the continued growth and profitability of live and in-play betting, (2) the impact of AI-driven operational efficiencies on margins and customer experience, and (3) the company's ability to navigate regulatory and tax changes across key states. Progress in integrating recent acquisitions and expanding new product offerings will also be important indicators of execution. DraftKings currently trades at a forward P/E ratio of 22.2×. Should you double down or take your chips? Find out in our full research report (it's free). 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BBC News
10-06-2025
- Sport
- BBC News
Swindon sign midfielder Snowdon on one-year deal
Swindon have signed midfielder Joe Snowdon on a one-year deal following his release from Leeds 20-year-old played 12 games for the Whites' Under-21 squad in the Premier League 2 last season, scoring four goals, but did not make a first-team began his career in Manchester City's academy, before joining Leeds in 2020."Ian [Holloway] rang me a bit out of the blue, I was really taken aback by how he spoke. He made me feel welcome even before I got here and made me feel part of his plans and that's the reason why I'm here," he told BBC Radio Wiltshire."That's why I've come here, I want to play football in a first team and prove to others that I can do it."Snowdon is the Robins' fourth signing this summer, following midfielder Darren Oldaker, forward Tom Nichols and midfielder James Ball.
