DAZN Acquisition, Valuation, Funding & Investors

DAZN was acquired by Access Industries for $1.2B in September 2014, a 3.4x multiple on $346M of revenue.

See full DAZN profile

DAZN acquisition price

$1.2B

Acquired by Access Industries · Sep 2014

DAZN revenue at acquisition

$346M

Last twelve months · Sep 2014

DAZN revenue multiple at acquisition

3.4x

EV/Revenue · Sep 2014

DAZN EBITDA multiple at acquisition

19.3x

EV/EBITDA · Sep 2014

DAZN Overview

About DAZN

DAZN is a London-headquartered sports streaming and media group owned by Sir Len Blavatnik's Access Industries. Its origins lie in Perform Group, created in 2007 by merging broadcaster Premium TV and digital rights agency Inform Group; Perform bought Goal.com and sports-data companies RunningBall and Opta, and launched the DAZN subscription service in Austria, Germany, Japan and Switzerland in August 2016. A 2018 reorganisation split off the data business, later merged into Stats Perform, and left DAZN Group with the streaming platform, which offers live and on-demand sport in more than 200 countries and territories and holds key domestic rights in Belgium, Germany, Italy, Japan, Portugal, Spain and Taiwan, including a J.League contract running to 2033. It earns subscription fees, advertising and sponsorship, and has expanded into betting, e-commerce and ticketing. DAZN reported revenue of $2.3 billion in 2022 and said in 2024 it was approaching 20 million paid subscribers, although its losses have exceeded $1 billion a year since 2019. It completed the AU$3.4 billion purchase of Australian pay-TV group Foxtel in April 2025, took a $1 billion investment from Saudi Arabia's Surj Sports Investment in 2025 and streamed the 2025 FIFA Club World Cup worldwide. Shay Segev has been chief executive since January 2021.


Founded

2015

HQ

United KingdomLondon

Website

dazn.com

Status

Acquired

Customer focus

B2C

Revenue model

Subscription

Revenue

$3.2B (Feb 2025)

Valuation

$1.2B (acquired Sep 2014)

DAZN Acquisition

DAZN was acquired by Access Industries for $1.2B on 1 September 2014.

The acquisition price implies a 3.4x revenue and 19.3x EBITDA multiple on $346M of revenue.

Before the acquisition DAZN had raised $5.9B across 3 funding rounds.

Access Industries, the investment group owned by Len Blavatnik, launched a final cash offer of 260 pence per share for the 57% of Perform Group it did not already own in September 2014, valuing the London-listed sports media company at about GBP 702 million. Access already held 42.5% of Perform before the bid. The independent directors of Perform urged shareholders to reject the offer, arguing that it undervalued the company after its restructuring following a profit warning in December 2013, and that the premium of about 28% was below the five-year average for UK takeovers. Access said the 260p offer was final and would not be raised. In October 2014 Access pushed its holding above 50%, which made the offer unconditional, and on 13 November 2014 Perform confirmed that Access held or had been offered 77% of the shares. The company was then delisted from the London Stock Exchange in early December 2014, three years after its 2011 flotation at the same price. Perform Group was created in 2007 through the merger of Premium TV and the Inform Group. It sold digital sports content, video rights and betting services, including the real-time sports data provider RunningBall and the Watch&Bet live streaming service, and it had bought Goal.com and Opta. Under Access ownership Perform launched the DAZN streaming service in 2016 and in 2018 split into DAZN Group and a data business, Perform Content, which Vista Equity Partners combined with STATS in 2019.

DAZN acquisition details
AcquirerDateTypePriceEV/RevenueEV/EBITDA
  • Access Industries
1 Sep 2014PE buyout$1.2B3.4x19.3x

Sources: sbcnews.co.uk, igamingbusiness.com, twelfthmagpie.com, marketscreener.com

DAZN Revenue

DAZN's latest recorded revenue is $3.2B, as of its strategic investment round in February 2025.

Revenue grew from $1.6B in February 2022 to $3.2B in February 2025.

DAZN revenue by funding round

DAZN revenue and valuation multiple by funding round
DateRevenue *Stage
Feb 2025$3.2BStrategic investment
Jan 2024$2.9BUndisclosed stage
Feb 2022$1.6BUndisclosed stage

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

DAZN Funding History

DAZN has raised a total of $5.9B across 3 funding rounds.

DAZN's first fundraising round was a $4.3B undisclosed-stage round in February 2022. The most recent completed round was a $1B strategic investment round in February 2025.

DAZN funding rounds

DAZN funding rounds
DateStageInvestorsRaisedDeal Summary
Feb 2025Strategic investmentSURJ Sports Investment$1BSURJ Sports Investment, the sports investment company of Saudi Arabia's Public Investment Fund, announced on 17 February 2025 that it had acquired a minority stake in DAZN, the London-based sports streaming group controlled by Len Blavatnik's Access Industries. The parties did not publish the terms, but the investment was widely reported to be worth about USD 1 billion; Variety described it as a USD 1 billion deal, while other reports put the stake at under 10% of the company. As part of the agreement the partners said they would form DAZN MENA, a joint venture to develop broadcasting opportunities for Saudi sport, and DAZN became an official streaming partner for Saudi sport and Saudi-based events. SURJ's chief executive Danny Townsend joined the DAZN board after the transaction. The deal followed DAZN's acquisition of global rights to the 2025 FIFA Club World Cup and came weeks after Blavatnik put a further USD 827 million into the business, taking his total investment above USD 6.7 billion. DAZN was launched in 2016 by Perform Group and streams live and on-demand sport in more than 200 markets, holding domestic football rights in Germany, Italy, Spain, Japan, Belgium and Portugal. The company reported revenue of about USD 3.4 billion for 2024 and was completing its purchase of Australian pay-TV operator Foxtel at the time of the SURJ investment. SURJ was launched in 2023 with a mandate to invest in sport internationally and in the Saudi sports ecosystem.
Jan 2024Undisclosed stageLen Blavatnik (lead); Access Industries$587MAccess Industries, the holding company of Sir Leonard Blavatnik and DAZN's principal shareholder, subscribed USD 587 million for further preference shares in DAZN during 2024 to support the streaming group's growth. The investment was disclosed in DAZN's accounts filed at Companies House and reported in January 2025, together with USD 240 million of ordinary and preference share funding received during the 2023 financial year; the two tranches took Blavatnik's cumulative investment in DAZN to more than USD 6.7 billion. The capital followed a year of heavy spending on rights, with DAZN's rights costs rising 32% to USD 3.1 billion in 2023 and future rights commitments of USD 9.3 billion. For the 2023 financial year DAZN reported revenue of USD 2.9 billion, up 30%, an operating loss of USD 830 million and a group loss of about USD 1.4 billion. Chief executive Shay Segev said the company was profitable in most of its top-ten markets and expected revenue to exceed USD 6 billion in 2025, helped by its AUD 3.4 billion acquisition of Australian pay-TV operator Foxtel and the global rights to the 2025 FIFA Club World Cup. DAZN, launched in 2016 by Perform Group, streams live and on-demand sport in more than 200 markets and had about 20 million paying subscribers. The Saudi Public Investment Fund was reported at the time to be negotiating a minority stake, which its SURJ Sports Investment arm completed in February 2025.
Feb 2022Undisclosed stageAccess Industries (lead)$4.3BDAZN Group, a global sports streaming platform, announced a recapitalization on February 18, 2022, where principal shareholder Access Industries subscribed for $4.3 billion of new shares in DAZN Group Limited, converting existing preference shares and retiring shareholder loans, leaving the group debt-free at end-2021. Access Industries additionally invested $250 million in new shares post-recapitalization. The investment followed DAZN's strong commercial momentum, including new rights deals like LaLiga in Spain and Serie A in Italy. This backing provided a foundation for DAZN's strategy as the leading sports streaming broadcaster, with expansions into betting, gaming, e-commerce, NFTs, and enhanced viewing tech. Investors expressed confidence in DAZN's growth, diversification, and global fan engagement.

Who has invested in DAZN?

3 investors have backed DAZN across its funding rounds, including Access Industries, Len Blavatnik and SURJ Sports Investment.

Lead investors include Len Blavatnik and Access Industries.


DAZN Investors

Investors in DAZN by funding rounds participated
InvestorHQRoundsRoleFirst check
Access IndustriesUnited StatesNew York City, NY2LeadFeb 2022

This data is available for Pro users. Sign up to see all 3 DAZN investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Acquisitions by DAZN

DAZN has acquired 8 companies to date.

Last acquisition by DAZN was on October 12th 2026. DAZN acquired Basquetpass for undisclosed valuation.


Latest Acquisitions by DAZN

Basquetpass
Ringtv
EverPass Media
ViewLift
Description
Basquetpass, now branded BASKET.TV, is a basketball streaming service for Latin America. Based in Buenos Aires, it was created around 2020 as a subscription platform for Argentine basketball and grew to cover Argentina, Bolivia, Brazil, Chile, Ecuador and Uruguay. It streams live domestic leagues, including the Argentine men's and women's leagues, plus international club competitions, European leagues on demand, and a library of documentaries and programmes. Viewers pay monthly or annual subscriptions for a basic tier with live access or a preferred tier with on-demand content, no advertising and 4K video. It earns subscription revenue and holds domestic streaming rights. In October 2026 it was acquired by the global sports streaming group DAZN.
The Ring Magazine is a boxing media brand founded in 1922 by Nat Fleischer, long known as the sport's bible. It publishes boxing news, columns, event schedules and fighter rankings, including pound-for-pound and weight-class lists decided by an independent panel, and operates the Ring TV video channel, a digital magazine, a fantasy pick game, a fan forum, a merchandise shop and mobile apps. Its Ring championship belts are a recognised title in professional boxing. Revenue comes from sponsorship and partnerships, advertising, subscriptions, merchandise and licensing of the brand. The publisher, The Ring Magazine FZ-LLC, is based in Dubai after the title moved there from Los Angeles in late 2022 and ended regular monthly print issues in the United States. Its audience is boxing fans worldwide.
EverPass Media is an American commercial sports-streaming company, with headquarters in Greenwich, Connecticut, Chicago, Denver and Montevideo, Uruguay, that licenses live sports to bars, restaurants, hotels, casinos and other commercial venues. It was founded in 2023 by 32 Equity, the NFL's strategic investment arm, and RedBird Capital Partners, launching in August 2023 as the exclusive commercial rights holder for NFL Sunday Ticket, which carries every out-of-market Sunday afternoon NFL game. Its lineup has since added Peacock Sports Pass, built with NBCUniversal, Prime Video's Thursday Night Football and other sports, Netflix's NFL Christmas games, UEFA Champions League matches through CBS Sports and Paramount+, ESPN+ for Business, Apple TV and the YES Network and Chicago Sports Network regional channels. Venues pay for content packages delivered over its IP-based platform, which offers multi-screen management, content scheduling and in-venue promotion tools; it acquired UPshow in July 2024 to build that streaming foundation. In July 2026 it agreed with DirecTV to distribute Sunday Ticket to businesses via satellite and streaming. On August 26, 2026, DAZN agreed to acquire EverPass, which will be rebranded DAZN for Business, with RedBird, 32 Equity and TKO Group Holdings becoming minority shareholders in DAZN; chief executive Alex Kaplan will continue to lead the business.
ViewLift is a New York-based digital video platform building custom-branded apps for OTT streaming, mobile, IPTV, and smart TVs. Sports organizations including US Soccer Federation and media outlets use it to distribute live events and on-demand content directly to fans with monetization tools.
HQ CountryArgentinaUnited Arab EmiratesUnited StatesUnited States
HQ City
Buenos Aires
Dubai
Greenwich, CT
New York City, NY
Deal Date12 Oct 20267 Oct 202626 Aug 202629 Apr 2026
Valuationundisclosedundisclosedundisclosed$100M
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all DAZN acquisitions and their M&A valuation multiples.

Start Free Trial

Investments by DAZN

DAZN has invested in 1 company to date.

Latest investment by DAZN was on April 1st 2021. DAZN invested in Meadowlark Media in their $13M Series A round.


Latest Investments by DAZN

Meadowlark Media
Description
Meadowlark Media is an American sports media company and creative studio that develops and produces personality-driven podcasts, video series and documentaries, with teams in New York, Miami and Los Angeles. It was formed in 2021 by former ESPN president John Skipper and former ESPN host Dan Le Batard after Le Batard left ESPN. Its shows include The Dan Le Batard Show with Stugotz, produced from the Elser Hotel in downtown Miami, the Le Batard & Friends podcast network, South Beach Sessions, Nothing Personal with David Samson, Football America! and the award-winning Pablo Torre Finds Out, distributed on podcast platforms, YouTube and streaming services. The company earns revenue from content distribution and licensing deals, advertising and sponsorship, and merchandise. In April 2021 it raised a $12.6 million Series A from investors including DAZN, DraftKings, Wasserman and Michael Lynton, and DraftKings signed a multiyear distribution, monetisation and sponsorship agreement reported to pay Meadowlark at least $50 million over three years for rights to its Le Batard shows. Skipper served as chief executive until his later departure.
HQ CountryUnited States
HQ City
-
Deal Date1 Apr 2021
RoundSeries A
Raised$13M
InvestorsDraftKings; Wasserman; Michael Lynton; EMJ Ventures; Ares Management; Carmen Busquets; Verance Capital
Valuationundisclosed
EV/Revenue
EV/EBITDA

This data is available for Pro users. Sign up to see all DAZN investments and their VC round multiples.

Start Free Trial

DAZN Competitors

DAZN competitors include listed companies like Saregama India and FuboTV, and private ones like OneFootball, Le Sports, Vidio and Suning Sports.

Public and private companies comparable to DAZN
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
OneFootballGermanyBerlinPrivate--$1B-
Le SportsChinaBeijingPrivate--$3.1B-
VidioIndonesiaJakartaPrivate--$945M-
Suning SportsChinaNanjingPrivate--$2.6B-
Saregama IndiaIndiaIndiaPublicly listed$101M$37M$1.3B10.5x
FuboTVUnited StatesUnited StatesPublicly listed$1.6B($122M)$830M0.5x

DAZN Public Comps

DAZN is no longer listed, but its public comps include Saregama India, Storytel, iQIYI, Nine Entertainment, FuboTV, Stingray Group, MBC Group, Cannae Holdings, Juventus FC and Ollamani.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Saregama India$101M$37M12.1x10.5x33.5x30.0x
Storytel$410M$71M2.4x2.2x13.9x11.0x
iQIYI$4.1B$2B0.6x0.6x1.2x307.5x
Nine Entertainment$1.5B($272M)1.3x1.2x(7.3x)6.5x
FuboTV$1.6B($122M)1.7x0.5x(23.2x)27.2x
Stingray Group$327M$28M3.7x2.9x42.2x8.4x
MBC Group$1.4B$136M0.9x1.1x9.5x18.3x
Cannae Holdings$424M($162M)2.0x2.2x(5.3x)(16.8x)

This data is available for Pro users. Sign up to see all DAZN competitors and their valuation data.

Start Free Trial

Common questions about DAZN

When was DAZN founded?DAZN was founded in 2015.
Where is DAZN headquartered?DAZN is headquartered in London, United Kingdom.
Is DAZN publicly listed?No, DAZN was acquired by Access Industries in September 2014.
Who acquired DAZN?DAZN was acquired by Access Industries in September 2014.
How much was DAZN acquired for?DAZN was acquired for $1.2B in September 2014, a 3.4x revenue multiple.
How much funding has DAZN raised?DAZN has raised $5.9B across 3 funding rounds.
What was DAZN's last funding round?DAZN's last funding round was a $1B strategic investment round in February 2025.
Who are DAZN's investors?DAZN's investors include Access Industries, Len Blavatnik and SURJ Sports Investment.
What is DAZN's revenue?DAZN's latest recorded revenue is $3.2B (February 2025).
Which companies are comparable to DAZN?Companies comparable to DAZN include OneFootball, Le Sports, Vidio, Suning Sports, Saregama India and FuboTV.
How many companies has DAZN acquired?DAZN has acquired 8 companies, including Basquetpass, Ringtv, EverPass Media, ViewLift and FOXTEL.
What was the largest acquisition by DAZN?The $2.1B acquisition of FOXTEL in December 2024 is the largest acquisition DAZN has made to date.
How many companies has DAZN invested in?DAZN has invested in 1 company, including Meadowlark Media.
What was DAZN's last investment?In April 2021, DAZN invested in Meadowlark Media's $13M Series A alongside DraftKings, Wasserman, Michael Lynton and 4 other investors.

See companies similar to DAZN

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial