Just saw a tweet from Andrew Brown which shared Nelnet Inc.'s 2024 Shareholder Letter -- these guys own HUDL, which is a competitor to Catapult. And it looks like yhey are doing pretty well.

Of course, that doesnt mean both companies cant succeed, but given the recent surge in Catapult bullishness, I thought it worth sharing.

You can read the full thing here:

1497956_Shareholder_Letter_2024_022725_FINAL.pdf

Here's a AI summary that focuses just on the HUDL part:

Hudl, in which Nelnet holds a 22% preferred equity interest, is a leading vertical SaaS company that serves the global sports ecosystem—including coaches, athletes, analysts, recruiters, fans, and parents—across all levels of play. In 2024, Hudl made significant progress by acquiring Statsbomb, a move that enhanced its advanced analytics capabilities for soccer and football. The company also expanded into high school content and launched new tools to streamline communication and scheduling between teams and parents, addressing a fragmented and frustrating process for many.

Hudl’s streaming service, Hudl TV, and its ticketing platform both saw strong adoption, with more than 10,000 organizations using them last year. The company also expanded its connected hardware ecosystem—such as automated cameras and wearables—to make data and video capture seamless. Hudl now serves over 300,000 teams across 40+ sports in 180 countries and distributes content to more than 85 million fans and parents. It holds a dominant position in U.S. high school football, with more than 90% market share, and has built a balanced presence across both the “Competitive” (high school and club sports) and “Elite” (college and professional) segments.

Looking ahead, Hudl aims to grow its total addressable market by extending its platform with new solutions, continuing its acquisition strategy, and enhancing the value of its ecosystem. Nelnet sees Hudl as one of its most impactful investments to date, with a long runway for continued expansion and innovation.