Will DAZN become the go-to platform for viewing all sports content? This is what French sports fans would like, to be able to subscribe to a single broadcaster and enjoy a very large catalog. Multi-billionaire Leonard Blavatnik has just announced that he is injecting an additional $827 million (€787 million) into his streaming platform DAZN.
Shaken in France after arriving in a hurry in mid-summer, DAZN is showing its muscles. First by asking for the end of 2024 accounts to the LFP concerning the flop in the number of subscribers. And today, it is strengthening its financial position. Owner Len Blavatnik, whose fortune is estimated at more than $33 billion, has announced that he is adding an additional $827 million (€787 million). Figures confirmed by the Financial Times.
« We're just getting started", confirmed Shay Segev, DAZN's CEO, as the platform celebrated its 10th anniversary in 2024. While revenues are constantly increasing ($2,7 billion in 2023), DAZN remains in annual loss ($1,4 billion at the end of 2023). The 2024 objective was to break even, as revealed by Entrevue, but the Ligue 1 investment may have changed the situation at the last minute.
To become the “ Spotify of sport", DAZN has turned to Saudi Arabia. Having become the flagship country for major boxing shows but also for wrestling events (WWE), tennis, golf, the Dakar, F1, etc. Since 2020, links have been established. Warner (Len Blavatnik) has invested in minority shares of Rotana Group (Al Waleed Bin Talal). Today, as announced for several months by Entrevue, it is the Kingdom's turn to invest nearly 1 billion dollars in the platform.
DAZN's goal is to exceed $6 billion in revenue by 2025, thanks in particular to the success of the future Club World Cup, between mid-June and mid-July 2025.
