DAZN: a loss of $1.3bn and turnover of $872m in 2020

The OTT sports platform DAZN posted a turnover of $872m (€709m) and a net loss of $1.3bn (€1.06bn) in 2020, according to results registered with the United Kingdom's registrar of companies, Companies House, relayed by several media outlets on 23/02/2022.

These figures recorded at the start of the Covid-19 pandemic, in a year marked by the stoppage or postponement of several sports competitions, are similar to those of 2019 ($1.4bn loss, $878m in turnover). The UK-based group has therefore posted a loss of $2.7bn (€2.2bn) in two years (2019 and 2020) for a turnover of $1.75bn (€1.42bn). These losses, which do not take into account 2021, prompted owner Len Blavatnik to carry out a recapitalization in early 2022 (see below).

In 2020, the group's expenses fell by 27% compared to 2019, from $2.7bn to $2bn (€2.2bn to €1.6bn): broadcasting rights costs amounted to $1.19bn (€970m) compared to $1.7bn (€1.4bn) in 2019. A decrease linked to discounts and the conclusion of certain agreements related to the pandemic. In 2020, staff costs amounted to $207.3m (€169m) and marketing expenses to $149m…