June 27 (Reuters) - Nike missed market expectations for fourth-quarter revenue on Thursday, as the sportswear giant lost ground to newer brands.

The company's fourth-quarter net revenue fell to $12.61 billion from $12.83 billion a year earlier. However, analysts had expected $12.84 billion, per LSEG data. (Reporting by Juveria Tabassum and Ananya Mariam Rajesh in Bengaluru)