Blavatnik Investment in Dazn Tops $7bn Despite Surj Stake Sale

Leonard Blavatnik injects $587M into DAZN, taking his total investment above $7B in under a decade; DAZN losses narrowed last year to $936M from $1.4B in 2023

Daniel Thomas / Financial Times: Leonard Blavatnik injects $587M into DAZN, taking his total investment above $7B in under a decade; DAZN losses narrowed last year to $936M from $1.4B in 2023  —  Sports streamer expects to be profitable next year and looks to potential listing or private investors for more capital

Foxtel owner DAZN charts a path to profitability as it further invests in sports rights deals like the upcoming NRL package

As Foxtel parent company DAZN charts a course toward profitability, it was reported that Billionaire Sir Leonard Blavatnik invested US$587 million (AUS$891) into the sports giant last year. With Blavatnik’s investment made in the previous financial year, this is not money that will go towards investments like, for example, the upcoming NRL rights that Foxtel will be negotiating for. In April, DAZN took ownership of Foxtel for AUS$3.4 billion, wi…

DAZN loses another $936m

DAZN losses fell to $936 million (€804.5m) in 2024, down from $1.4 billion the year before. The sports streaming platform posted saw revenues increase by $323 million to $3.2 billion in 2024. CEO Shay Segev told the FT that the group was on course to be profitable for the first time in 2026 and had […]

Blavatnik investment in Dazn tops $7bn despite Surj stake sale

Billionaire Sir Leonard Blavatnik has now invested more than $7bn into sports streaming platform Dazn, having injected an extra $600m in 2024. While revenues increased by more than $300m to over $3bn and losses narrowed from $1.4bn to $936m, according to the accounts filed with Companies House for the year ending 31 December 2024, the additional capital from Blavatnik represents sustained investment in a firm which is not yet profitable. Blavatn…