Overtime Revenue, Valuation, Funding & Investors

Overtime is valued at $500M as of August 2022, a 5.0x multiple on its last reported $100M revenue.

Last Overtime valuation

$500M

Series D · Aug 2022

Last Overtime funding round

$100M

Series D · Aug 2022

Overtime revenue

$100M

Series D · Aug 2022

Key investors in Overtime

  • Andreessen Horowitz
  • Bezos Expeditions
  • 359 Capital
  • Greycroft
  • Spark Capital
  • Blackstone

Overtime Overview

About Overtime

Overtime is a New York City-based sports media network producing content for Gen Z fans across YouTube, Snapchat, Instagram, and TikTok. It creates original series on basketball, soccer, and baseball, backed by investors including Andreessen Horowitz and athlete Kevin Durant, reaching millions through short-form highlights and live events.


Founded

2008

HQ

United StatesNew York City, NY

Status

Privately held

Customer focus

B2C

Revenue model

Advertising

Revenue

$100M (Aug 2022)

Valuation

$500M (Aug 2022)

Overtime Valuation

Overtime is currently valued at $500M, based on its Series D in August 2022.

The $100M round was led by Counterpoint Global and Liberty Media, with participation from Winslow Capital, Blackstone, Bezos Expeditions and 359 Capital.

Overtime's valuation has grown 2.0x from $250M at its Series C in April 2021 to $500M in August 2022, across 2 priced rounds.

Overtime valuation by funding round

Revenue multiple
Overtime valuation by funding round
DateStageValuationRevenue Multiple
Aug 2022Series D$500M5.0x
Apr 2021Series C$250M-

Overtime Revenue

Overtime's latest recorded revenue is $100M, as of its Series D in August 2022. At a $500M valuation, that implies a 5.0x revenue multiple.

Overtime revenue by funding round

Overtime revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Aug 2022$100M$500M5.0xSeries D

* 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.

Overtime Funding History

Overtime has raised a total of $215M across 5 funding rounds.

Overtime's first fundraising round was a $3M seed round in February 2017. The most recent completed round was a $100M Series D in August 2022.

Overtime funding rounds

Overtime funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2022Series DCounterpoint Global (lead); Liberty Media (lead); Winslow Capital; Blackstone; Bezos Expeditions; 359 Capital$100M$500MOvertime is a sports media company and digital sports league operator founded in 2016 by Dan Porter and Zack Weiner that initially gained prominence distributing high-school sports videos before expanding into producing original content and operating its own sports leagues including Overtime Elite basketball. The company has built a substantial following with over 85 million monthly fans and 100 million-plus social media followers, positioning itself as a sports network for Gen Z audiences. In August 2022, Overtime raised $110 million in its Series D funding round led by Liberty Media and Bezos Expeditions, alongside investors including Morgan Stanley, Sapphire Ventures, and Winslow Capital. By 2024, the company was tracking to approximately $100 million in annual revenue, representing a 40% year-over-year increase, with roughly 80% derived from advertising and sponsorships from major brands including GMC, State Farm, and Adidas, while the remainder came from merchandise sales and media rights fees including payments from Amazon Prime Video to stream its Overtime Elite league. The company's growth strategy focuses on emulating professional sports league models through multi-year sponsorship deals and building a dedicated sales organization, positioning its revenue streams similarly to established sports properties like the NBA and NFL.
Apr 2021Series C359 Capital (lead); Black Capital (lead); True Capital Management; Bezos Expeditions; Banana Capital$80M$250M-
Feb 2019Series BAndreessen Horowitz (lead); Spark Capital (lead)$23M--
Feb 2018Series AAndreessen Horowitz (lead)$10M--
Feb 2017SeedAfore Capital (lead); Greycroft (lead); TACK Ventures; Edward Lando; Chaac Ventures; Pareto Holdings; Fitz Gate Ventures; Alpha; 645 Ventures; Correlation Ventures$3M-Overtime is a digital sports media platform founded in 2016 by Dan Porter and Zack Weiner, focusing on video content from high-school athletes, particularly basketball, distributed via social media platforms like Snapchat, YouTube, Instagram, and Twitter. The app enables users to capture, edit, and share sports highlights, reaching 11 million unique monthly users, 95% mobile and under 25, at the time of its seed round. Videos generated significant engagement, later scaling to hundreds of millions of views monthly. Overtime raised a $2.5 million seed round on February 22, 2017, led by Greycroft with participation from Afore Capital, 645 Ventures, Fitz Gate Ventures, Correlation Ventures, Chaac Ventures, TACK Ventures, Pareto Holdings, Edward Lando, and others including former NBA commissioner David Stern. The funding supported growth from a user-generated content app to a media company with original video, articles, and on-camera talent. Porter, ex-head of digital at William Morris Endeavor who sold a prior startup for around $200 million, aimed to build an ESPN-like brand for Gen Z using smartphone footage. Post-seed, Overtime expanded with a $9.5 million Series A in February 2018 led by Andreessen Horowitz, including Greycroft, Kevin Durant, and others, followed by larger rounds like a $23 million Series B in 2019 at approximately $100 million valuation and later Series D at $500 million valuation, growing followers to over 65 million and billions of monthly video views.

Who has invested in Overtime?

21 investors have backed Overtime across its funding rounds, including Andreessen Horowitz, Bezos Expeditions, 359 Capital, Greycroft, Spark Capital and Blackstone.

Lead investors include Counterpoint Global, Liberty Media, 359 Capital, Black Capital, Andreessen Horowitz and 3 other investors.


Overtime Investors

Investors in Overtime by funding rounds participated
InvestorHQRoundsRoleFirst check
Andreessen HorowitzUnited StatesSan Francisco, CA2LeadFeb 2018
Bezos ExpeditionsUnited StatesWashington, DC2ParticipantApr 2021
359 CapitalUnited StatesUnited States2LeadApr 2021
TACK VenturesUnited StatesNew York City, NY1ParticipantFeb 2017
Edward LandoUnited StatesMiami, FL1ParticipantFeb 2017
Winslow CapitalUnited StatesMinneapolis, MN1ParticipantAug 2022
Chaac VenturesUnited StatesLos Angeles, CA1ParticipantFeb 2017
Liberty MediaUnited StatesUnited States1LeadAug 2022
Spark CapitalUnited StatesSan Francisco, CA1LeadFeb 2019
Pareto HoldingsUnited StatesNew York City, NY1ParticipantFeb 2017
BlackstoneUnited StatesNew York City, NY1ParticipantAug 2022
True Capital ManagementUnited StatesSan Francisco, CA1ParticipantApr 2021
Fitz Gate VenturesUnited StatesHouston, TX1ParticipantFeb 2017

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Acquisitions by Overtime

Overtime has acquired 1 company to date.

Last acquisition by Overtime was on February 12th 2020. Overtime acquired Evade for undisclosed valuation.


Latest Acquisitions by Overtime

Evade
Description
-
HQ CountryCanada
HQ City
-
Deal Date12 Feb 2020
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Overtime Competitors

Overtime competitors include listed companies like AMC Global Media and MD Entertainment, and private ones like Barça Vision, 4DReplay, Animoca Brands KK and HeyGen.

Public and private companies comparable to Overtime
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Barça VisionSpainBarcelonaPrivate--$468M-
4DReplayUnited StatesUnited StatesPrivate--$251M-
Animoca Brands KKJapanFukuokaPrivate--$500M-
HeyGenUnited StatesLos Angeles, CAPrivate$35M-$500M14.3x
AMC Global MediaUnited StatesUnited StatesPublicly listed$2.3B$1.2B$486M0.8x
MD EntertainmentIndonesiaIndonesiaPublicly listed$28M($4M)$485M-

Overtime Public Comps

Overtime is still privately-owned, but its public comps include AMC Global Media, MD Entertainment, Zhejiang Talent TV & Film, GREE Holdings, StudioDragon, WILD BUNCH, NRJ Group, Kaiser (China) Culture, CJ ENM and Bushiroad.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
AMC Global Media$2.3B$1.2B0.8x0.8x1.5x4.4x
MD Entertainment$28M($4M)17.7x-(138.5x)-
Zhejiang Talent TV & Film$17M($52M)29.2x-(9.5x)-
GREE Holdings$367M$25M0.1x0.1x1.9x-
StudioDragon$386M$105M1.2x1.1x4.4x3.5x
WILD BUNCH$79M$35M5.7x-12.9x-
NRJ Group$390M$74M0.3x0.3x1.6x1.7x
Kaiser (China) Culture$82M($63M)5.4x-(7.1x)-

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Common questions about Overtime

When was Overtime founded?Overtime was founded in 2008.
Where is Overtime headquartered?Overtime is headquartered in New York City, NY, United States.
Is Overtime publicly listed?No, Overtime is a private, VC-backed company.
What is Overtime's valuation?Overtime was last valued at $500M in its Series D in August 2022.
How much funding has Overtime raised?Overtime has raised $215M across 5 funding rounds.
What was Overtime's last funding round?Overtime's last funding round was a $100M Series D in August 2022, led by Counterpoint Global and Liberty Media.
Who are Overtime's investors?Overtime's investors include Andreessen Horowitz, Bezos Expeditions, 359 Capital, TACK Ventures, Edward Lando, Winslow Capital, Chaac Ventures, Liberty Media, Spark Capital, Pareto Holdings and 11 others.
What is Overtime's revenue?Overtime's latest recorded revenue is $100M (August 2022).
What is Overtime's revenue multiple?Overtime's latest valuation implies a 5.0x revenue multiple ($500M valuation on $100M of revenue).
Which companies are comparable to Overtime?Companies comparable to Overtime include Barça Vision, 4DReplay, Animoca Brands KK, HeyGen, AMC Global Media and MD Entertainment.
How many companies has Overtime acquired?Overtime has acquired 1 company, including Evade.

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