Sports broadcaster DAZN has posted its accounts for 2020 with a loss of $1.3 billion, though an improvement on its 2019 figures.
The streaming service has spent heavily internationally, securing Champions League and Serie A, though its UK offer remains largely reliant on Matchroom Boxing.
Details of subscriber numbers are absent from the figures, however, there is an indication that these grew in the second half of the year when sports events restarted after the initial wave of the pandemic.
Delayed accounts for the year to December 2020, show revenues increased to $871.8 million from a restated $819 million the previous year, according to Companies House.
Last week, DAZN Group received a recapitalisation of $4.3 billion from its billionaire investor Sir Len Blavatnik. Prior to that Access Industries, Sir Len’s principal holding company, and leading shareholder in DAZN had lent $1.05 billion to the company during the year and a further $1.05 billion to cover operational activities.
The streaming service recently withdrew from a bid to buy BT Sport, leaving Discovery to take part in a new joint venture with the telco, and gain access to Premier League and Champions League rights.
