Leonard Blavatnik Boosts DAZN with $587M Investment as Streaming Giant Eyes Profitability and IPO

Prospects Billionaire investor Sir Leonard Blavatnik has invested an additional $587 million into DAZN, bringing his total commitment to the sports streaming company to over $7 billion in less than ten years. The move underscores his confidence in DAZN’s trajectory as the platform edges closer to long-awaited profitability.

DAZN, often described as the “Spotify of sports”, narrowed its losses to $936 million in 2024, down from $1.4 billion the previous year, while revenues climbed to $3.2 billion, buoyed by an expanded roster of global sporting events.

Chief Executive Shay Segev revealed that DAZN is on course to turn profitable for the first time in 2025, with certain key markets already operating in the black. Looking ahead, the company is weighing options for fresh capital infusion — either through private investors or a potential IPO — to accelerate international growth. “We’re aiming for at least $5 billion in revenues this year”, Segev said. “Margins are improving, and by 2026 we are confident the group will be sustainably profitable”.

Financial filings show the $587 million capital support came from Blavatnik’s Access Industries, a step up from $240 million the prior year. Notably, no additional funds have been required so far in 2025 — a milestone that Segev suggested could mark the company’s first year without reliance on its parent backer.

The records also confirm a $1 billion injection from Surj, a Saudi Arabia Public Investment Fund-owned sports investment vehicle, earmarked for working capital and new growth initiatives.

Beyond financial reinforcement, DAZN has moved aggressively on strategic expansion. In April, it acquired a controlling stake in Australian pay-TV group Foxtel in a deal valued at $2.2 billion. In May, it secured a $1 billion partnership with FIFA to hold exclusive U.S. rights to the FIFA Club World Cup, which will be broadcast globally for free to build brand awareness.

With ambitions to reach one billion active users, DAZN is positioning itself as the premier digital hub for sports, blending live streaming, interactive fan engagement, and integrated betting. “We are now at the tipping point”, Segev said. “We’ve built the world’s largest football platform — and we’re just getting started”.