DAZN: a turnover of $2.83bn (+29%) & net loss of $1.46bn (+17%) in 2023

The OTT sports platform DAZN posted a turnover of $2.83bn (€2.7bn) and a net loss of $1.46bn (€1.4bn) in 2023, according to the annual report published by the platform on 24/01/2025.

DAZN recorded a 29% increase in turnover compared with 2022. At that time, the platform posted a turnover of $2.19bn (€2.09bn), with a net loss of $1.25bn (€1.19bn). The loss recorded in 2023 is therefore up by 17%.

In 2023, the group's costs rose by 29%, from $3.26bn to $4.21bn (from €3.1bn to €4bn). Broadcasting rights costs amounted to $3.12bn (€2.97bn), compared with $2.27bn (€2.16bn) in 2022. Marketing and content expenditure amounted to $413.9m (€394m), compared with $462.6m (€441m) in 2022.

A further recapitalisation of DAZN to the tune of $827m (€788m) was also made by Ukrainian-born British-American entrepreneur Len Blavatnik (whose fortune is estimated at $40bn), owner of Access Industries (DAZN's majority shareholder), according to the Financial Times on 24/01/2025. This contribution brings the entrepreneur's total investment in DAZN to more than $6.7bn (€6.38bn).

While DAZN's 2024 financial…