It has been reported that the global streaming platform suffered a staggering loss of $2.33 billion in 2021.
Sport Business reported that the company’s total losses over the past three years now total $5 billion.
The article also noted that the operating loss (which is the amount incurred when expenses exceed gross profits), was $1.36 billion, representing an increase of over $200 million from the previous year’s $1.15 billion.
The streaming platform runs off of a subscription model and is best known to boxing fans for putting on events such at Canelo vs GGG 3 and the historic Katie Taylor vs Amanda Serrano fight at Madison Square Garden.
Eddie Hearn’s Matchroom and Oscar De La Hoya’s Golden Boy Promotions are responsible for providing the boxing schedule for the broadcaster. Matchroom had been a long term partner of Sky Sports in the UK before signing a multi-billion dollar deal with the streaming app.
DAZN is a global broadcaster that delivers a variety of sporting content, including the UEFA Champions League, Premier League, and NFL in some countries. This means it’s not possible to determine which, if any, of the losses can be attributed to boxing.
There’s no doubt that DAZN has disrupted the boxing market, but not without its issues. They have come in for criticism of late for their decision to introduce PPV events to the platform, something they had previously downplayed.