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Airbnb reports 1Q loss of nearly $1.2 billion, revenue rises

Airbnb reported Thursday that its first-quarter loss more than tripled, to $1.17 billion, as travel remained depressed by the pandemic, but revenue topped the same period in 2019.

The home-sharing business said in a letter to shareholders that travel is starting to return, “and we expect a travel rebound unlike anything we have seen before.”

Still, Airbnb expressed concern about travel restrictions and lockdowns in Europe, a key market for summer rentals. The San Francisco-based company said it is too early to predict whether the pace of the travel recovery will continue in the second half of the year.

Pandemic-related restrictions are cutting into Airbnb revenue, particularly in Europe. The company has seen growing demand for travel in the U.S., however, with particular interest in rentals in beach and mountain locations.

Airbnb’s first-quarter results were hurt by losses related to debt repayment and an adjustment in the value of warrants issued in connection with a loan.

Wall Street expected adjusted loss of $1.07 per share, according to a FactSet survey of 27 analysts.

Airbnb’s revenue rose 5% from a year ago and 6% over the same quarter in 2019, to $887 million. That topped the analysts’ forecast of $721 million.

Airbnb released the results after a day in which the shares fell 3.2% in regular trading. They were little changed after an hour of extended trading.

Ready, aim, duck: MLB pitchers living on the wild side

PHOENIX — The guys on the mound in Major League Baseball can have their pitches measured in a variety of ways, whether it’s spin rate, speed or angle into the strike zone. The goal is simple: finding ways to hurl the baseball toward the plate as violently and unpredictably as possible.

That’s resulting in a whole lot of pain for batters — literally.

MLB pitchers are hitting batters and throwing more wild pitches than at any time since 1900, according to baseball-reference.com. When baseballs are flying toward hitters at 95 mph or higher, that can obviously be quite dangerous.

Just ask Phillies star Bryce Harper, who took a 97 mph fastball to the face back in April. Luckily, he wasn’t seriously hurt.

“We’ve brought guys up in a velocity world,” Marlins manager Don Mattingly said. “We gotta throw harder, you gotta get more spin rate, guys are trying to get more all the time. When you do that, you’re sacrificing the accuracy of what you’re doing.”

The number of batters hit by a pitch, along with wild pitches, have steadily increased over the past decade. Teams are getting hit at a rate of 0.47 times per game in 2021, which is up from 0.32 in 2011. Wild pitches have increased to 0.40 from 0.32 over the same span.

The reasons behind the trend toward the wild side are varied. Pitchers are certainly throwing as hard as ever and nasty breaking balls in the dirt are tough for catchers to block.

D-backs veteran catcher Stephen Vogt said pitching philosophy has changed dramatically during his 15 years in professional baseball. The effective low and outside corner pitch — think Greg Maddux — isn’t nearly as effective anymore.

“If you throw out, you’re gonna get crushed,” Vogt said. “You have to be able to hit that inside corner.”

Mattingly agreed with Vogt, saying that analytics have played into the trend of HBPs. The numbers say that hard-throwing pitchers who can hit spots high and tight in the strike zone are going to have a lot of success.

“Basically, the top of that box, inside to a righty or a lefty, it’s one of those pitches that it’s really hard to do anything with it,” Mattingly said. “So if you can hit that corner, inside to a lefty or righty, it’s an out or a strike. And when that misses, it runs at you as a hitter.

“That’s where you see guys getting hit a lot.”

It’s also the case that retaliation isn’t as common in today’s game. Diamondbacks manager Torey Lovullo played in the 1980s and 1990s and said too many HBPs would often lead to trouble.

“I don’t want to sound like the old cowboy here, but it used to be an eye for an eye,” Lovullo said. “If one guy got hit, you can darn well be sure that someone on their team was going to get hit depending on who it was.

“I don’t necessarily believe in that philosophy. I don’t think a lot of managers believe in that in today’s game. Nobody’s trying to intentionally hit someone.”

Lovullo said not all the blame can be placed on pitchers. Batters aren’t always shy about claiming real estate close to the zone.

“Guys are on the plate, they want to launch the ball to the pull side,” the manager said. “Therefore, they’re crowding the plate, with less space and I think pitches get away and they’re clipping guys.”


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North Carolina is king and queen of NCAA lacrosse tourneys

After a one-year break because of the pandemic, college lacrosse is ready to decide its national champions, and North Carolina starts in a very good place: The Tar Heels are the top seed for both the men’s and women’s Division I tournaments.

UNC men’s coach Joe Breschi, voted Atlantic Coast Conference coach of the year for the third time, says his players are “having the time of their life.”

The eight seeded men’s teams are: North Carolina (11-2), co-champion of the ACC with second-seeded Duke (12-2), Big Ten champ Maryland (12-0), reigning NCAA champion Virginia (10-4), Big East champ Georgetown (12-2), Notre Dame ( 7-3), Denver (10-2), and Lehigh (10-1).

The men’s final four will be held in East Hartford, Connecticut, on May 29-31.

The women’s field features 29 teams and the top three seeds are: UNC (18-0), Northwestern (13-0), and Syracuse (14-3). All three get a first-round bye when play begins Friday at campus sites. The rest of the seeds, in order, are Boston College (13-3), Notre Dame (9-6 ), Florida (16-2), Duke (9-7), and Stony Brook (14-2).

The women’s final four is May 28-30 n Towson, Maryland.

Committee chair Christy Leach, women’s coach at Stetson, said the selection process was tough.

“We really focused on our common opponents,” she said. “A lot of times we had to figure out significant wins and losses. I think that was the biggest deciding factor. What’s a good win? What’s a bad loss? It was obviously harder with the data that was available this year. That was difficult to compare schools that maybe played 16, 17 games to those that played maybe 10, 11, 12 games.”

Tim Leonard, athletic director at Towson and the selection committee chair on the men’s side, said UNC’s 15-12 win over Duke in the season finale (after an overtime road loss to the Blue Devils a month earlier) secured the top seed.”

“(There was) a lot more subjectivity than ever before,” Leonard said. “We knew that it was going to be that way. Obviously, you would like to be able to have as much objective data as possible. So that’s why the (committee) was so important. The coaches took care of the eye test for us. We really asked a lot of questions, probably more so than we’ve ever done.”

Other things to know about the Division I lacrosse tournaments:

CAROLINA SWARM

North Carolina senior attackman Chris Gray was named the ACC offensive player of the year on a team that averaged more than 17 goals a game, tops in the country by nearly a goal. Gray led the ACC in goals (42), goals per game (3.2), points (77) and points per game (5.9) and is the only player to rank among the top 10 nationally in goals per game, assists per game and points per game this season.

“Our team has so much depth,” Tar Heels goalkeeper Collin Krieg said. “I feel like we’ve got a lot of good experience, kind of battle tested.”

SECOND CHANCE

Syracuse was ranked No. 2 nationally in the preseason polls and was favored to win the ACC. But injuries, a tough schedule and internal problems surrounding high-scoring Chase Scanlan resulted in the Orange finishing 2-4 in the ACC. Scanlan was involved in what campus police called a “domestic incident” involving a woman and was suspended.

The Orange play Georgetown in the first round.

“We’ve got to go out and eat whatever’s on our plate,” Syracuse coach John Desko said. “Now Georgetown’s on our plate. We’ve got to make the best of it.”

ACC RULES

The ACC has five of the eight at-large berths on the men’s side, more than double any other league, and went 31-1 against non-conference foes.

TAR HEEL JUGGERNAUT

The UNC women won twice on the road by one goal — at Notre Dame and Duke. The closest any other team came was Syracuse, which lost 9-4 to the Tar Heels in the ACC championship game.

NEWCOMER

Vermont won the America East Tournament after failing three times in the title game and is in the NCAA Tournament for the first time.

“It’s kind of hard to believe where we’ve come from to where we are now. I’m very proud, but it’s just one step,” Vermont coach Chris Feifs said. “We’re not finished. We want to take it beyond this. We’re not satisfied.”

The Catamounts have one of the nation’s best faceoff men in Tommy Burke. He has won 229 faceoffs to lead the country and ranks third in winning percentage (.720).


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Tim Tebow, Tennessee gov unveil anti-human trafficking push

NASHVILLE, Tenn. — Former NFL player Tim Tebow joined Tennessee Gov. Bill Lee at the state Capitol on Thursday to announce a multimillion-dollar partnership to fight human trafficking.

Tebow, who is considering a return to football with the Jacksonville Jaguars, is due for an infusion of $1.2 million into his foundation in the upcoming Tennessee state budget. The annual spending plan, which tops $42 billion, is sending more than $5 million combined to Tebow’s organization and other groups to combat human trafficking.

The funding will help a ministry within the Tim Tebow Foundation, named Her Song, which seeks to build safe homes in the state alongside other funded organizations, Tebow said.

The rest of the funding goes to other groups that help survivors of human trafficking in the state.

“We hope that this will facilitate and engage and inspire churches, nonprofits, organizations, individuals, to find out how they can be involved in rescuing women and children in Tennessee,” Lee said.

Tebow said the discussions on the issue began less than three months ago when country music star Luke Bryan and his wife Caroline introduced him to the governor’s chief of staff, Blake Harris, at Bryan’s restaurant.

Tebow, a former Florida star and 2007 Heisman Trophy-winning quarterback, is expected to sign a one-year contract to play for the Jacksonville Jaguars as a tight end, according to an NFL Network report Monday.

Tebow declined to discuss that Thursday when asked whether he would be signing with the team.

“Shocking that that was brought up,” he said jokingly.

“I would say that today, that’s not the focus,” Tebow said. “Today is about every life that’s being trafficked in the state of Tennessee, around the country and around the world.”

New York Giants sign 3 of 6 draft picks, 3 free agents

EAST RUTHERFORD, N.J. — The New York Giants have signed three of their six selections in the draft.

The Giants announced deals with outside linebacker Azeez Ojulari of Georgia, running back Gary Brightwell of Arizona and cornerback Rodarius Williams of Oklahoma State on Thursday, a day before a rookie minicamp.

Ojulari was taken in the second round, while Brightwell and Williams were selected in the sixth.

Wide receiver Kadarius Toney (first round, Florida), cornerback Aaron Robinson (third round, Central Florida) and outside linebacker Elerson Smith (fourth round, Northern Iowa) have not been signed.

The minicamp is expected to have 22 players because of COVID-19 protocols. The on-field work will emphasize individual drills.

The Giants also announced they have signed three rookie free agents: offensive linemen Brett Heggie of Florida and Jake Burton of Baylor and defensive end Raymond Johnson III of Georgia Southern.

Heggie played in 41 games with 31 starts — 15 at left guard, 12 at center and four at right guard. He was a center for the Gators last season.

Burton played at Baylor as a graduate transfer last season and started eight games at right guard. He previously spent four years at UCLA, where he played in 29 games, including starts at right tackle in 23 of 24 games in 2018 and ’19.

Johnson played in 50 games with 47 starts at Georgia Southern. He started all 38 games the previous three seasons and had 150 tackles, including 36 for loss and 16 1/2 sacks.


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ESPN, MLB agree to 7-year rights extension through 2028

ESPN could be rewarded with additional playoff games under its new deal with Major League Baseball.

Walt Disney Company and MLB announced a seven-year extension of their rights agreement Thursday. ESPN has aired games since 1990 and the new deal means that will continue until at least 2028.

“This agreement solidifies baseball’s ubiquitous presence across ESPN platforms, including ESPN+. The impactful collection of exclusive content, including ‘Sunday Night Baseball’ which has served as the signature MLB series for more than 30 years, will be amplified by the surrounding rights we have to make these live events even bigger,” ESPN Chairman James Pitaro said in a statement.

ESPN will exclusively air 30 regular-season games, with 25 taking place on Sunday nights. The other five will include a broadcast on opening day. ESPN also retains the rights to the Home Run Derby, which takes place the night before the All-Star Game.

The deal also includes the rights to air an expanded wild card round if it comes to fruition during talks between MLB and the Players Association on a new collective bargaining agreement. ESPN and ABC aired those games last year when the playoffs were expanded due to the shortened coronavirus season.

If the current wild card format remains, ESPN will continue to have one of the two games as well as receive eight additional regular-season games. There is the possibility the Home Run Derby could be simulcast on ABC, but there are no immediate plans for that to happen.

“Sunday Night Baseball” is up 34% over last season, averaging 1.65 million viewers. The package has had steady audience growth since the start time was moved to 7 p.m.

The agreement also includes the ESPN+ streaming service airing at least one game a day as well as an extension of ESPN Radio’s contract, which includes regular-season games, the All-Star Game and the postseason.

ESPN will no longer consistently air games on Monday or Wednesday, but there still will be plenty of baseball on television. Turner will have a game on Tuesday nights starting next season while Fox and FS1 have a Saturday package. ESPN also has a reduced inventory of open broadcast windows starting next spring when it adds the Stanley Cup playoffs as part of its new agreement with the NHL.

The extension also means all of MLB’s rights deals with Fox, Turner and ESPN will expire after the 2028 season.

“ESPN has been one of MLB’s longest and most important partners. As the way in which fans consume baseball continues to change, this partnership provides expanded opportunities for fans to engage with our content and we are excited to present those new opportunities,” Commissioner Rob Manfred said in a statement.


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Judge refuses to free Capitol riot suspect linked to militia

A federal judge refused Thursday to free a Texas man whom authorities have accused of planning an attack on a social media company’s facility after he returned home from storming the U.S. Capitol.

Guy Wesley Reffitt, one of more than 400 federal defendants charged in the Jan. 6 riot at the Capitol, has been identified by prosecutors as a member of a militia-style group linked to the anti-government Three Percenters extremist movement.

Reffitt bragged about his actions in Washington, D.C., on Jan. 6 during a Zoom meeting with two other militia members four days after the siege, according to prosecutors. A recording of the meeting obtained by investigators captured Reffitt discussing a plan to attack “mainstream media,” “Silicon Valley,” and “Big Tech,” prosecutors said.

Prosecutors say Reffitt specifically targeted a “prominent” social media company’s facility in Texas. During Thursday’s remote hearing, Assistant U.S. Attorney Jeffrey Nestler didn’t name the company that Reffitt allegedly targeted but said it had servers near his home in Wylie, a Dallas suburb.

“He knew the description of the generator there and how a well-placed sniper shot could take out that generator and how much impact that would have on that company and therefore on American society,” the prosecutor said.

U.S. District Judge Dabney Friedrich concluded that Reffitt would pose a danger to the public if she ordered his release from a Washington jail. The judge said she can’t dismiss Reffitt’s violent rhetoric as “mere boasts,” pointing to evidence that he planned more attacks.

“Mr. Reffitt backed up his comments with actions,” she said during a remote hearing Thursday. “He did, in fact, attempt to recruit new militia members to his cause. And he stated that the events of January 6th were just the preface to what was coming.”

Reffitt had been threatening to attack social media companies for months before the Capitol siege, prosecutors said. A relative warned the FBI in late December that Reffitt was “going to do some serious damage” related to lawmakers in Washington, according to prosecutors, who said he took an AR-15 rifle and a pistol with him when and another militia member drove to Washington.

Reffitt played a “significant and dangerous role” in the deadly attack, leading a group of rioters up the Capitol steps to confront law enforcement officers, prosecutors said in an April 28 court filing.

“Reffitt’s actions caused the police line guarding the building to retreat closer to the building itself; soon after, law enforcement was overwhelmed, and rioters breached and flooded the building,” they wrote.

After returning home, Reffitt told his children that they would be traitors if they reported him to law enforcement and warned them that “traitors get shot,” according to prosecutors.

A grand jury indicted Reffitt on charges of obstructing an official proceeding, obstruction of justice and entering and remaining in a restricted building or grounds.

In March, a federal magistrate ordered Reffitt detained pending trial. He asked Friedrich to overturn that order.

“The government just claims that Mr. Reffitt is a threat, but does not identify an articulable one,” defense attorney William Welch said Thursday.

Column: Let’s welcome Baffert to the Doping Hall of Infamy

Bob Baffert, welcome to the Doping Hall of Infamy.

You’re joining a very accomplished group, the crème de la crème of chemically enhanced miscreants.

Over there is the East German Olympic team. Right next to them, you’ll find Ben Johnson and Marion Jones. That big guy is Mark McGwire. And, of course, the shamelessly corrupt Lance Armstrong needs no introduction.

Sure, you didn’t actually inject the illicit substance into your own body, like the rest of the inductees, but you’ll fit right in.

Yep, this is Baffert’s legacy — not all those great horses he trained.

Even if one of Baffert’s myriad excuses for a positive drug test at the Kentucky Derby somehow passes muster — to hear him tell it, he’s the innocent victim of A) cancel culture pervading the nation, B) a groom who relieved himself in the barn, C) a veterinarian who prescribed the drug in question, or D) the dog ate his homework, we presume — there is no chance of him getting his reputation back.

That’s the way it should be.

For far too long — and this is an indictment of those of us in the media, as well — Baffert has largely gotten a free pass for his seemingly magic touch with equines while everyone looked the other way at his expanding list of doping violations.

In just the past year, he’s been cited five times. The New York Times found a much more sinister record — 29 cases spanning more than four decades.

In any other athletic pursuit, Baffert would have long since been banned.

But horse racing, in a desperate bid to stay relevant and create stars who might attract new fans to the sport of kings, has treated the white-haired trainer’s dubious methods with repeated slaps on the wrist.

Maybe a fine, or a brief suspension from the track where the offense occurred.

In many ways, horse racing has taken a page from the playbook of Major League Baseball, which looked the other way while McGwire and others bulked up on steroids to fuel a homer-crazed revival of the national pastime in the wake of a crippling strike that wiped out the 1994 World Series.

Baseball eventually came to its senses, shunning those who cheated their way to improbable accomplishments.

Now, it’s time for horse racing to do the same.

The sport that already faces staunch criticism from animal-rights activists and waning interest from gamblers and casual fans received another huge blow to its image when Baffert-trained Medina Spirit tested positive for the steroid betamethasone after an upset victory in horse racing’s premier event, the Kentucky Derby.

Just like that, the inspiring story of a $1,000 yearling who defied the odds as a 12-1 underdog now seems way too good to be true.

And, while it may not be fair, it’s only natural to cast a suspicious eye toward Baffert’s two greatest horses, American Pharoah and Justify, who captured the Triple Crown a mere three years apart — after a 37-year drought without any thoroughbred sweeping the sport’s biggest races.

Amazingly, Medina Spirit is still being allowed to compete in the second leg of the Triple Crown, Saturday’s Preakness Stakes, albeit with enhanced testing measures before the race.

At least Baffert had the good sense to stay away from Pimlico.

Imagine what a buzz-kill it would be if Medina Spirit crosses the line first again, all while waiting for officials to complete their follow-up testing of his Kentucky Derby sample to determine if he should be disqualified from the Run for the Roses.

No matter the outcome, there is a gloomy cloud hanging over the sport.

“The whole atmosphere here has changed,” said D. Wayne Lukas, a rival trainer and friend of Baffert’s. ”The enthusiasm, the feel of excitement is not here. That’s what’s bad for the industry right there.”

Then, in the very next breath, Lukas demonstrated the sort of tone-deaf attitude that raises serious questions about whether the sport is willing to clean up its own barn.

“I would absolutely today tell my colleagues that we need to just dismiss this, throw it out, put the Derby winner back on the throne and move on,” Lukas said.

Sorry, this is not the time to move on.

Not when the sport is still trying to recover from more than three dozen on-track horse deaths at Santa Anita Park in California during the 2018-19 season. Not when 29 trainers, veterinarians and pharmacists are facing federal charges in a horse doping ring.

A new law that will put the U.S. Anti-Doping Agency — you know, the folks who brought down Armstrong — in charge of horse racing’s fight against illicit drug use is a big step in the right direction. It will bring some order to a byzantine maze of rules and streamline the testing process, but it doesn’t go into effect until the summer of 2022.

Even that is not enough.

The sport needs to be willing to rid itself of those who violate the rules, especially those such as Baffert who’ve done it over and over again. No matter the circumstances, the trainer is responsible for banned drugs that wind up in a horse’s systems. They should be punished accordingly with a lengthy, nationwide suspension for first offenses and a lifetime ban if caught a second time.

Until rules with real bite are put in place, we’ll have to be content with Baffert being right where he belongs.

The Doping Hall of Infamy.


Paul Newberry is a sports columnist for The Associated Press. Write to him at pnewberry(at)ap.org or at https://twitter.com/pnewberry196 His work can be found at https://apnews.com/search/paulnewberry


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Disney Q2 revenue drops on continued weakness in parks

NEW YORK — Disney second-quarter revenue dropped as the pandemic continued to weigh on its parks and theme parks. But net income beat expectations and CEO Bob Chapek said signs of recovery can be seen across the company’s business as the pandemic begins to wane.

Disney+ subscribers more than doubled from a year ago to 103.6 million subscribers as of April 3. That was lower than some analysts expected, but Chapek said the company is still on track to reach its goal of 300 million to 350 million subscribers across all platforms by 2024.

Shares dropped 4 percent to $171.10 in aftermarket trading.

Net income attributable to Disney for the three months ended April 3 totaled $901 million, or 49 cents per share. Excluding one-time items, net income totaled 79 cents per share. One time costs were related to closing an animation studio and some Disney-branded retail stores, and severance at some parks and resorts. That beat analyst expectations of 26 cents per share, according to FactSet.

Revenue dropped 13 percent to $15.61 billion, from $18.03 billion last year. That was short of analyst expectations of $15.86 billion.

Disney+ and its vast library of Disney movies and TV shows, plus hit original series like Marvel’s “WandaVision” and the Star Wars spinoff “The Mandalorian,” have helped drive signups. People stuck at home during the pandemic over the past year also boosted subscriptions, but that could begin to ease as things open up again.

Revenue per Disney+ customer dropped 29 percent to $3.99. That’s because the figures include Disney’s offering in India, where customers pay less than in other parts of the world.

Revenue from parks dropped 44 percent to $3.17 billion. But parks are beginning to show signs of life after being shuttered during most of the pandemic. Disneyland in Anaheim, California, reopened on April 30, after the quarter ended. Disney World in Orlando and other parks around the world were open during the quarter, although at reduced capacity.

Movie theaters shuttered during the pandemic have also begun to reopen since late March. Disney plans to release “Cruella,” a live-action movie about the villain in “101 Dalmations,” starring Emma Stone, in theaters on May 28. It will release Marvel’s “Black Widow” starring Scarlett Johansson in July. Both will also be offered on Disney+ at the time of release for $30.

DoorDash sales surged in Q1 even as dining rooms reopen

DoorDash on Thursday reported that its sales nearly tripled in the first three months of the year as demand for food delivery remained elevated even as U.S. restaurants reopened their dining rooms.

DoorDash said its revenue surged 198% to $1.1 billion in the January-March period. That was well above Wall Street’s forecast of $994 million, according to analysts polled by FactSet.

But San Francisco-based DoorDash reported a net loss of $110 million because it is still spending heavily to win new customers and expand into other services, like delivery from groceries and convenience stores.

DoorDash narrowed its net loss per share to 34 cents from $2.92 in the same period a year ago. That was short of Wall Street’s forecast of an 8-cent loss per share in the latest period.

DoorDash’s sales more than tripled last year as lockdowns triggered by the coronavirus pandemic closed dining rooms. But the company has said demand could slow as vaccinations progress and more people choose to dine at restaurants.

Uber Eats, DoorDash’s chief rival, also saw continued strong demand in the first quarter. Uber Eats said last week that its sales jumped 166% in the January-March period.

DoorDash’s stock was up 7% in after-market trading following the release of the earnings report. It is down 19% so far this year.