MMA Global Inc (OTCMKTS:LUSI) Stock Extends Rally After Business Progress
MMA Global Inc (OTCMKTS:LUSI) on April 6, 2022 announced that it has started integrating its over-the-top AI-powered TV ad management tech into TV stations of some top flight professional football clubs in Italy’s Serie A and Portugals’ Premeira Liga. The company also confirmed on responding to inquiries from top-flight European basketball clubs.
Market Stats
With over 3.5 billion soccer fans globally, fans follow clubs and sports with much passion. MoneyBall aims to connect clubs, fans as well as brands over the club’s bespoke TV stations. During the pandemic, most professional clubs globally developed their own bespoke TV channels for engaging with club fans.
As per a KPMG 2021 report, the overall enterprise value of the 32 most prominent European football clubs has reduced by 15% year-on-year, due to lower revenues. The decrease has been due to an aggregate annual decline in 32 clubs’ total operating revenues as compared to constant growth in the five years before Covid.
Though the sight of no audience during sporting events has become familiar, clubs and federations making up the sports industry are figuring out how to generate much-needed revenue. Lost tickets, as well as sponsorship revenue, is a significant challenge. The revenue structure of professional football has been the same over the years. It includes the sale of broadcast rights, matchday revenue, and player transfers.
Traders Corner
LUSI stock is trading above the 20-Day and 50-Day Moving averages of $0.31 and $0.27 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.24.
