Key facts
- Dazn CEO Shay Segev confirmed the company is preparing for an IPO.
- The company achieved EBITDA profitability in 2025.
- Dazn reported $3.2 billion in revenue for 2024, an increase of $323 million.
- Dazn's losses decreased to $936 million in 2024 from $1.4 billion in 2023.
- Dazn received $587 million in support from its majority shareholder, Access Industries, in 2024.
- Dazn restructured its business with a new Cayman Islands holding company to facilitate fundraising and a potential listing.
Global sports streaming platform Dazn is actively preparing for an initial public offering, with CEO Shay Segev confirming the move as the company targets profitability. Dazn achieved EBITDA profitability in 2025 and anticipates revenues of at least $5 billion for the current year, according to Segev.
The company has undergone a significant restructuring, establishing a new holding company in the Cayman Islands to streamline fundraising efforts and explore a potential public listing. This move is intended to enhance flexibility for future strategic and financing opportunities, though no definitive timeline for an IPO has been set. Control of the group remains with DAZN owner Len Blavatnik's Access Industries.
Dazn reported a substantial increase in revenue to $3.2 billion in 2024, while its losses narrowed to $936 million from $1.4 billion the previous year. The company received $587 million in financial support from Access Industries in 2024, a notable increase from $240 million in 2023. Dazn also secured a $1 billion investment from Surj, a sports investment company backed by Saudi Arabia's Public Investment Fund.
In recent strategic moves, Dazn acquired Australia's Foxtel Group for approximately $2.2 billion, partly paid in shares, and secured exclusive US rights for the FIFA Club World Cup for $1 billion. The company has also bolstered its executive leadership team with key appointments, including a new chief operating officer, chief financial officer, and chief business officer, to drive its next phase of growth.