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⏲ 1:8 👁 25.6M
The average Major League Baseball team is now worth $2.4 billion, 4% more than a year ago. With the exception of 2021— when the Covid-19 pandemic disrupted the 2020 baseball season—it was the first time values increased less than 4% year over year since 2010.<br/><br/>The good news? Since Forbes first began doing valuations of MLB teams in 1998, when the average team was valued at $194 million, owning a team would have beaten inflation by more than five-fold and beaten the S&P 500 (excluding the reinvestment of dividends) by nearly double.<br/><br/>Revenue in MLB rose 10% in 2023, to an average of $378 million per team—the steepest increase since 2015. That increase was due to record ticket, merchandise, television and licensing revenue. But operating income (earnings before interest, taxes, depreciation and amortization) only went up 6%, to an average of $19 million due to more spending on players, technology and analytics.<br/><br/>Forbes’ team valuations are enterprise values (equity plus net debt) based on historical transactions and the future economics of the sport and each team. Revenue and operating income (earnings before interest, taxes, depreciation and amortization) are for the 2023 season and are net of revenue sharing, competitive balance taxes and stadium revenue used for debt service. Ownership stakes in regional sports networks, as well as related profits or losses, are excluded from our valuations and operating results, as are investments in real estate and other businesses. (For all-inclusive sports ownership valuations, see the 2023 Sports Empires rankings.) Sources include sports bankers, team and league executives, public documents like leases and filings related to public bonds, and media rights experts.<br/><br/>Read the full story on Forbes: https://www.forbes.com/lists/mlb-valuations/?sh=12ce2ca1421d<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:14 👁 34.8M
Meta and OpenAI are working on advanced AI models that are capable of human cognition.
⏲ 1:30 👁 4M
The all-new Toyota bZ4X SUV has arrived in Australian showrooms, with Toyota’s first BEV introducing a new BEV-specific platform, the latest motor generator and battery technology, and advanced safety and connected technologies.<br/><br/>Launching in its latest global specification, the bZ4X draws on more than a quarter of a century of Toyota leadership in hybrid vehicles. The bZ4X represents another important step in the multi-pathway approach to electrification that includes a range of technologies<br/><br/>The bZ4X is the first Toyota to use the new BEV-dedicated e-TNGA platform, which has been designed and optimised for a new range of electric vehicles. It integrates the battery and motor generator into the vehicle’s structure, providing extra rigidity and a low centre of gravity for stable driving dynamics. This approach allows the wheels to be pushed further outward to the front and rear, leaving more room for passengers within the vehicle’s footprint. It also offers the versatility of front or all-wheel-drive traction – the latter providing benchmark off-road capability among all-electric SUVs.<br/><br/>The e-TNGA platform gave designers the freedom to create an innovative BEV that embodies the inherent appeal of an SUV shape, while achieving impressive aerodynamic efficiency.<br/><br/>The front-wheel-drive (FWD) bZ4X is equipped with poly-ellipsoidal LED headlights, 20-inch alloy wheels, numerous convenience and safety details, heated side mirrors with auto power folding, power tailgate and privacy glass for rear side, quarter and back windows.<br/><br/>The interior features fabric and SofTex® (synthetic leather) trim, eight-way power adjustable driver seat, heated front seats, leather-accented steering wheel, dual-zone climate control, smart entry and start, four cupholders and eight bottle holders.<br/><br/>The latest Toyota multimedia technology is housed within a 12.3-inch touchscreen and is compatible with wireless Apple CarPlay®and wireless Android Auto™. Enhanced voice recognition using the “Hey, Toyota” command can control several functions such as “Open all windows”. This multimedia suite is augmented by the latest Toyota Connected Services online features, including integration with the myToyota Connect smartphone app, which is offered for a complimentary period of 12 months.<br/><br/>The bZ4X comes with BEV specific connected features such as charge station locators and charge management functionality within the myToyota Connect smartphone app. Over-the-air updates, cloud navigation and live traffic information are included. The latest Toyota Safety Sense suite integrates a comprehensive array of safety technologies within a BEV structure designed to protect passengers, the battery and other vehicles and pedestrians.
⏲ 2:33 👁 1M
The 2024 Lamborghini Revuelto is a high-performance plug-in hybrid supercar. Lamborghini’s signature V12 now revs well past 9000 rpm and turns out 813 horsepower. The other half of the equation that leads to a 0-60 mph sprint of no more than 2.5 seconds: three electric motors spooling instant-on electric torque straight into the gearset and onward to the rear wheels. Contributor Scotty Reiss (A Girls Guide to Cars) gives Forbes a tour of Lamborghini’s luxury, high-performance Revuelto at the 2024 New York International Auto Show.<br/><br/>Read more on Forbes:<br/>https://www.forbes.com/sites/markewing/2023/04/24/lamborghini-revuelto-1001-horsepower-electric-hybrid-ensures-another-generation-of-big-italian-v12s/<br/><br/>For more from Scotty Reiss:<br/>https://agirlsguidetocars.com/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:6 👁 8.2M
NASA's Mars helicopter Ingenuity flew for the 51st time. The Perseverance rover can be seen in the distance during the flight in an enhanced color image. <br/><br/>Credit: Space.com | footage courtesy: NASA/JPL-Caltech | edited by Steve Spaleta
⏲ 2:8 👁 460K
AI stocks are taking off. Here's everything you need to know before investing in this emerging technology sector.
⏲ 5:31 👁 3.3M
Take a look at Tom's Guide's video on how the Vision ProiOS-like interface follows your eyes as you look around, and you just tap your fingers to select. This works well in both the Apps and Environments menus.
⏲ 0:49 👁 180K
NASA is speeding up communications in space with experiments aboard the International Space Station, Orion spacecraft and more. <br/><br/>Credit: NASA Goddard Space Flight Center
⏲ 2:52 👁 220K
Tobias Junglas, Technical Project Manager, presents the technical highlights of the new Audi S3. These include the 2.0 TFSI engine with 245 kW (333 PS) of power and 420 Nm of torque as well as the torque splitter, which in combination with the quattro drive results in a sporty, agile handling.
⏲ 2:36 👁 1.4M
TikTok is seemingly developing a photo-sharing app like Instagram.
⏲ 0:49 👁 2.1M
The Apple Vision Pro lets you capture 3D spatial photos and videos through the headset or your iPhone 15 Pro or Pro Max. Here’s what the playback looks like when you’re looking through the Vision Pro, though you don’t get the 3D visuals unless you’re wearing the device.
⏲ 0:34 👁 2.8M
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