Dazn Limited reported £1.9bn revenue in FY2024, up 1956% across 8 filed years.

Open filed source ↗

Where's the money from?

Revenue £1.9bn (FY2024), up 22% YoY

This is the total revenue line reported in the filed accounts.

Filed source ↗

Revenue trend

£91m → £1.9bn

Revenue more than doubled across 8 filed years.

Filed source ↗

What do the filed figures show?

-245.0% → -34.7%

Operating margin widened as it grew.

Filed source ↗

Who's behind it?

2 active directors

Full board and backgrounds in the People tab.

Filed source ↗

digital sports streaming / OTT sports media · global · high complexity

Filing brief · Company record

Inside Dazn Limited

Report overview

Revenue grew 22% in FY2024, yet net assets sit at negative £901 million and cash barely covers one month of losses.

£126.6m Cash at bank vs £122.3m FY2023

£1.87bn Turnover vs £1.52bn FY2023

£-652.1m Pre-tax profit vs £-714.2m FY2023

£-901.2m Net assets vs £-753.8m FY2023

DAZN Limited took in £1.87 billion in revenue in FY2024 — more than many Premier League clubs earn in a decade. It still lost £652 million before tax. Gross profit is negative: the company spends more delivering its product than it charges for it. Cash on the balance sheet is £126.6 million; the operating loss runs at over £50 million a month. A new mortgage charge was created as recently as July 2026. The filing tells the story of a business scaling hard, burning harder, and leaning on its parent for survival.

Selective validation flags on FY2024 audited accounts — tap to open Verification and see which lines we cross-checked against the filed PDF.

Explore 02Financials 03Review 05People 07Detailed findings 08Filings 09Verification

Scroll

Company No.09676399

Statusactive

Latest accountsFY2024 audited accounts

Filed 5 November 2025 10 months ago

AuditorBDO LLP

The story

What happened, in chapters

The year, beat by beat — each one a signal from the filing, source cited. Open the source detail on any beat for the supporting context.

Revenue Up, Still Bleeding

Turnover jumped by £342 million — but the operating loss barely moved.

Operating loss

FY2023 -£769m

FY2024 -£648m

The source detail

A 22% rise in turnover is real progress. But the operating loss only narrowed from £769 million to £648 million — meaning DAZN spent roughly 93p of every new pound of revenue on costs. Gross profit remains negative at £74.9 million in the red. The gap between revenue growth and loss reduction is the central tension in this filing.

Source · Profit & Loss Account FY2023–FY2024

Selling at a Loss

Gross profit is negative — the company loses money before a single overhead is paid.

Gross profit

FY2023 -£299m

FY2024 -£75m

The source detail

Most businesses lose money on overheads; DAZN loses money before it gets that far. Revenue of £1.87 billion still produces a negative gross profit of £74.9 million, meaning content rights and delivery costs alone exceed what subscribers pay. That is an improvement on FY2023's £298.9 million gross loss, but the business model has not yet crossed the break-even line on its core product.

Source · Profit & Loss Account FY2024

Cash vs. The Hole

£126.6 million in cash sits against £1.56 billion of current liabilities.

£127m Cash on hand

£1.6bn Current liabilities

The source detail

Current liabilities grew 34% to £1.56 billion in a single year, while cash rose only 4% to £126.6 million. That cash covers roughly 8% of what is owed within the year. Current assets of £475.9 million — up 85% — do not close the gap. The liquidity position depends entirely on the continued support of the parent group.

Source · Balance Sheet FY2024

Equity in the Red

Net assets have worsened by another £147 million in twelve months.

-20%

Net assets FY2023 -£754m FY2024 -£901m

The source detail

Net assets — negative in FY2023 — deteriorated a further 20% to negative £901.2 million in FY2024. Every year of losses compounds the deficit. No equity movements were captured in the filing for this period, meaning no fresh capital injection has been recorded to offset the accumulated shortfall.

Source · Balance Sheet FY2023–FY2024

Who Controls the Company

A single corporate parent holds 75–100% of shares, votes, and board appointments.

Ultimate owner (not disclosed in this filing)
Parent / PSC Dazn Media Channels Limited
This entity DAZN Limited (formerly Perform Investment Limited)

Source · PSC Register; Directors Register

Charges and Filing Timeline

A new mortgage charge was created in July 2026, the most recent event on record.

5 Nov 2025 Most recent accounts filed
4 Dec 2024 Capital allotment (SH01)
22 Jan 2020 Share subdivision (SH02)
1 Jul 2026 New mortgage charge created (MR01)

Source · Companies House filing signals; Accounts filed 2025-11-05

The brief

Five questions, answered

Questions answered from this company's filings, with the source for every figure.

Q1 What does the filing disclose about short-term obligations?

On the numbers alone, no — not independently.

Cash of £126.6 million sits against current liabilities of £1.56 billion, a coverage ratio of roughly 8%. The operating loss ran at £648.5 million in FY2024, implying a burn of over £50 million per month. Continued operation depends on parent-group support; the filing does not disclose any committed facility from Dazn Media Channels Limited.

Source · Balance Sheet FY2024; Profit & Loss Account FY2024

Q2 Are they actually making money, or just turning it over?

Turning it over, at scale, and at a loss.

Revenue reached £1.87 billion in FY2024, up 22% from £1.52 billion. But gross profit is still negative at £74.9 million in the red, meaning the core product costs more to deliver than customers pay for it. Operating loss was £648.5 million and the after-tax loss was £657.3 million. Margins are negative at every level.

Source · Profit & Loss Account FY2023–FY2024

Q3 Who owns and controls the business, really?

Dazn Media Channels Limited is the sole PSC, holding 75–100% of shares and votes and the right to appoint and remove directors.

Two directors — Shay Sason Segev (Israeli) and Darren Samuel Waterman (British) — were both appointed in April 2022. Who owns Dazn Media Channels Limited above that level is not disclosed in this filing.

Source · PSC Register; Directors Register

Q4 Is the filing history clean, or are accounts late / amended?

No accounts are flagged as overdue in the brief.

The most recent accounts were filed on 5 November 2025. The company changed its name from Perform Investment Limited to DAZN Limited in September 2019. No amended or replacement filings are noted. The filing history is straightforward, with a capital allotment in December 2024 and a new mortgage charge in July 2026.

Source · Companies House filing signals; Name history

Q5 Which note disclosures merit attention?

Three stand out.

First, net assets are negative £901.2 million, worsening 20% year-on-year. Second, cash of £126.6 million against current liabilities of £1.56 billion triggers the Verif-AI cash / current-liability cover signal (under three months). Third, a new mortgage charge was created in July 2026, post the balance-sheet date, indicating fresh secured borrowing. The filing evidence summary is capped at 28/100 with two of three distress signals active.

Source · Balance Sheet FY2024; Companies House MR01 filing 2026-07-01; Verif-AI filing evidence summary

Honest limits

What the filings can't tell you

We surface gaps plainly rather than guess. Use the chapters and tabs below to dig into what is on record.

Data quality note

The filing discloses no subscriber counts, ARPU, or advertising revenue split, and provides no profit or loss breakdown by geography or product line, which makes it impossible to assess where — or whether — any part of the business is profitable.

Origin

Dazn Limited

DAZN Limited is the UK-registered operating entity for DAZN, a global sports streaming platform delivering live and on-demand sports content over the internet. It sits within the DAZN Group, ultimately backed by Access Industries, the investment group founded by Sir Len Blavatnik.

Where the money comes from

Revenue £1.9bn (FY2024), up 22% YoY This is the total revenue line reported in the filed accounts.

At a glance

Key data

Founded 2015 8 years on file

Turnover £1.87bn ▲ +22.4% YoY

Pre-tax profit £-652.1m ▲ +8.7% YoY

Auditor Audited — unqualified opinion BDO LLP

Timeline

How we got here

2026 01 of 20

Acquisition

ViewLift acquisition targets US RSNs

DAZN acquired ViewLift, a US streaming provider serving regional sports networks and teams, and expressed interest in acquiring regional broadcast rights for NBA teams previously served by the defunct FanDuel Sports Networks.

2025 02 of 20

Notable event

Saudi PIF invests $1 billion

Surj Sports Investment, the sporting arm of Saudi Arabia's Public Investment Fund, agreed to invest $1 billion in DAZN for a sub-5% stake, providing critical capital as the company's annual losses had exceeded $1 billion since 2019.

2024 03 of 20

Acquisition

Foxtel acquired for AU$3.4 billion

DAZN announced the acquisition of Australian pay-TV provider Foxtel from News Corp and Telstra for AU$3.4 billion, gaining control of Fox Sports networks and the Kayo Sports streaming service in a transformative deal completed in April 2025.

2023 04 of 20

Secured borrowing

Secured a registered charge

A registered charge registered against the company on 1 December 2023 in favour of Mgg Lux Sv 1 S.À R.L. Acting in Respect of Its Compartment, Compartment Tracksuit (As “Collateral Agent”).

2023 05 of 20

Secured borrowing

Secured a registered charge

A registered charge registered against the company on 7 June 2023 in favour of Mgg Lux Sv 1 S. À R.L., Acting in Respect of Its Compartment, Compartment Tracksuit (The Collateral Agent).

2022 06 of 20

Big year-on-year change

Net assets collapse

Net assets collapsed 2482% — from £14.8m to -£352.5m.

2022 07 of 20

Acquisition

Eleven Group acquisition announced

DAZN announced the acquisition of sports broadcaster Eleven Group, expanding its footprint across parts of Asia and Europe; the deal was finalised in February 2023 on a share-only basis.

2022 08 of 20

Joined the board

Darren Samuel Waterman joins the board

Darren Samuel Waterman was first appointed as a director on 20 April 2022.

2021 09 of 20

Crisis

Italian Serie A blackout crisis

DAZN's exclusive Serie A broadcasts suffered widespread blackouts, prompting threatened class action lawsuits, investigations by Italian regulator AGCOM and the antitrust body, and intervention by government ministers.

2021 10 of 20

Leadership change

Shay Segev appointed CEO

Former Entain CEO Shay Segev was named DAZN's new chief executive, replacing founder James Rushton and signalling a shift toward professionalised leadership as the platform pursued global scale.

2020 11 of 20

Crisis

COVID-19 forces payment freeze

DAZN announced it would not pay rightsholders for undelivered content during the COVID-19 pandemic-induced sports shutdown, and later sought emergency investment as the crisis threatened the business's viability.

2019 12 of 20

Big year-on-year change

Operating profit collapse

Operating profit collapsed 249% — from -£435.0m to -£1.52bn.

2019 13 of 20

Name changed

Rebrand

Previously incorporated as Perform Investment Limited.

2018 14 of 20

Big year-on-year change

Net assets collapse

Net assets collapsed 151% — from -£343.7m to -£863.7m.

2018 15 of 20

Merger

Perform Group corporate restructure

Perform Group spun its sports data business into Perform Content (later sold to form Stats Perform) and rebranded its consumer division as DAZN Group, positioning the streaming business for potential external investment.

2018 16 of 20

Expansion

DAZN expands into United States

DAZN officially launched in the US in September 2018, backed by a landmark Matchroom Boxing deal and a record $365 million contract with Canelo Álvarez, signalling its ambition to disrupt pay-per-view sports broadcasting.

2016 17 of 20

Founding milestone

DAZN platform officially launches

Perform Group launched the DAZN streaming platform in Austria, Germany, Japan, and Switzerland, with media describing it as the 'Netflix for sport'.

2015 18 of 20

Company founded

Incorporated

Dazn Limited was registered at Companies House on 8 July 2015.

2014 19 of 20

Stock-exchange listing

Delisted from London Stock Exchange

Perform Group was de-listed from the London Stock Exchange in November 2014 after Access Industries increased its stake from 42.5% to 77%, taking the company private.

2007 20 of 20

Founding milestone

Perform Group founded via merger

Perform Group was created through the merger of Premium TV Limited, an event sport broadcasting network, and Inform Group, a digital sports rights agency, establishing the corporate ancestor of DAZN.

Go deeper

Explore the evidence

Explore 02Financials 03Review 05People 07Detailed findings 08Filings 08Summary 09Verification

02 · Financials

The numbers, year by year

FY2024 audited accounts · Companies House (PDF accounts)

Scene 01 · Revenue

Turnover doubled in 7 years

From £90.8m in FY2017 to £1.87bn in FY2024 — a 1956% increase. The most dramatic acceleration came in FY2018, when turnover surged 134% in a single year.

Annual Turnover vs Cost of Sales

FY2017 – FY2024 · Companies House (PDF accounts) · hover any point for the full year

Turnover Cost of Sales Gross Profit (shaded gap)

Latest turnover · FY2024 £1.87bn +22.4% vs prior year

Cost of sales · FY2024 £1.94bn Gross margin -4.0% of turnover

Gross profit (implied) -£74.9m Turnover minus cost of sales

Across 7 years +1956% £90.8m → £1.87bn

’17 ’18 ’19 ’20 ’21 ’22 ’23 ’24

Partial cost-of-sales coverage. Turnover is shown for every year on file; cost of sales is only plotted where the filing tags it separately (FY2017–FY2024 here). Hover any point for the year breakdown — later years may still show turnover in the table below.

Scene 02 · Metrics

The headline numbers

All figures in GBP (£) · as filed, not converted

Cash at bank £126.6m ▲ +3.5% vs £122.3m FY2023 Up 3.5% year on year.

Turnover £1.87bn ▲ +22.4% vs £1.52bn FY2023 Up 22.4% year on year.

Pre-tax profit £-652.1m ▲ +8.7% vs £-714.2m FY2023 Up 8.7% year on year.

Net assets £-901.2m ▼ 19.6% vs £-753.8m FY2023 Down 19.6% year on year.

Filing signals

Calculated indicators · 6 filed calculations

Critical liquidity risk Negative net assets (technically insolvent) Loss-making Low quick ratio Negative working capital Consistent cash growth

          + Review notes
        

Critical liquidity risk — Current ratio of 0.43 — the company may struggle to pay short-term bills
Negative net assets (technically insolvent) — Net assets of £-901,200,000 — liabilities exceed assets (a negative net-asset position).
Loss-making — Loss of £652.1m on turnover of £1.87bn
Low quick ratio — Quick ratio of 0.43 — limited ability to cover liabilities without selling stock
Negative working capital — Cash covers 8% of current liabilities. At this scale this typically reflects extended supplier terms, deferred revenue, and short-term bridging via banking facilities.
Consistent cash growth — Cash has grown for 3 consecutive years

Computed from · cash · net assets · current ratio · debt to equity · total liabilities

Scene 03 · Trends

How the numbers moved

8 years of revenue, profit and operating performance side-by-side. Hover any dot for the full year cross-section.

Financial performance trends

Revenue, profitability and operating growth over time

Turnover Gross profit Operating profit

’17 ’18 ’19 ’20 ’21 ’22 ’23 ’24

Financial year

Scene 05 · Full detail

Complete P&L statement

All metrics across FY2017–FY2024, now fully contextualised by the story above.

Profit and loss

GBP

Metric	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	Δ YoY
Turnover	£90.8m	£212.1m	£438.8m	£561.6m	£962.7m	£1.37bn	£1.52bn	£1.87bn	▲ 22%
Cost of sales	-£165.7m	-£333.6m	—	—	—	—	-£1.82bn	-£1.94bn	▼ 6%
Gross profit	-£74.9m	-£121.5m	—	—	—	—	-£298.9m	-£74.9m	▲ 75%
Other operating income	—	—	—	—	—	—	£285.2m	£175.6m	▼ 38%
Administrative expenses	-£147.6m	-£313.5m	—	—	—	—	-£470.4m	-£573.6m	▼ 22%
Other operating costs derived	—	—	—	—	—	—	-£285.2m	-£175.6m	—
Operating profit	-£222.5m	-£435.0m	-£1.52bn	-£801.1m	-£950.0m	-£1.10bn	-£769.3m	-£648.5m	▲ 16%
Finance income	£1.1m	£910k	£42.5m	£101.4m	£8.9m	£20.4m	£74.0m	£81.1m	▲ 10%
Finance costs	-£38.0m	-£86.4m	-£146.6m	-£300.8m	-£84.0m	-£20.9m	-£19.5m	-£85.1m	▼ 336%
Profit before tax	-£259.4m	-£520.5m	-£1.62bn	-£1.00bn	-£1.02bn	-£1.09bn	-£714.2m	-£652.1m	▲ 9%
Tax	-£208k	-£440k	-£584k	-£1.9m	-£3.5m	-£9.4m	-£4.4m	-£5.2m	▼ 18%
Profit after tax	-£259.6m	-£520.1m	-£1.62bn	-£1.00bn	-£1.03bn	-£1.10bn	-£718.6m	-£657.3m	▲ 9%
EBITDA (memo)	-£222.5m	-£435.0m	-£1.56bn	-£827.7m	—	—	-£1.01bn	-£783.6m	▲ 22%

Some lines are not tagged in the filed accounts. Cost of sales and gross profit are missing for FY2019, FY2020, FY2021, FY2022 — the filer published turnover and operating profit without those subtotals (common on group accounts). Cells marked * are calculated from other lines on the same year (e.g. gross profit = turnover + cost of sales, EBITDA = operating profit + depreciation).

Balance sheet

GBP

Metric	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	Δ YoY
Intangible assets	£20.8m	£46.5m	£44.8m	£44.1m	£40.2m	£41.1m	£46.8m	£52.2m	▲ 12%
Tangible assets	£10.6m	£13.4m	£9.1m	£4.6m	£1.5m	£1.7m	£1.0m	£4.5m	▲ 350%
Investments	—	£33k	£33k	£24k	£4.8m	£5.1m	£4.5m	£11.8m	▲ 162%
Total fixed assets	£31.4m	£59.9m	£106.5m	£164.0m	£91.3m	£151.3m	£322.2m	£359.7m	▲ 12%
Stocks	—	—	—	—	—	—	£600k	£200k	▼ 67%
Debtors	£78.8m	£78.3m	£101.2m	£186.4m	£110.0m	£255.6m	£326.9m	£548.8m	▲ 68%
Cash at bank	£143.8m	£101.9m	£27.1m	£106.8m	£87.1m	£85.1m	£122.3m	£126.6m	▲ 4%
Total current assets	£433.6m	£690.0m	£448.2m	£463.6m	£456.7m	£463.9m	£256.8m	£475.9m	▲ 85%
Trade creditors	—	—	—	—	—	—	-£22.8m	-£57.3m	▼ 151%
Bank loans (current)	-£535.3m	—	-£1.85bn	-£3.64bn	—	—	—	—	—
Total current liabilities	£105.7m	£149.3m	£2.25bn	£4.07bn	£531.4m	£967.1m	£1.16bn	£1.56bn	▲ 34%
Net current assets	-£207.4m	£540.7m	-£1.80bn	-£3.61bn	-£74.7m	-£503.2m	-£902.3m	-£1.08bn	▼ 20%
Total assets less current liabilities	—	£540.7m	—	—	—	—	—	—	—
Bank loans (non-current)	-£167.6m	-£1.46bn	-£790.0m	£0	—	—	-£173.7m	-£168.2m	▲ 3%
Long-term liabilities	£167.6m	£1.46bn	—	£3.2m	—	—	£173.7m	£179.4m	▲ 3%
Provisions	—	—	—	£43.0m	£19.9m	£18.7m	£9.8m	£4.9m	▼ 50%
Net assets	-£343.7m	-£863.7m	-£2.49bn	-£3.45bn	£14.8m	-£352.5m	-£753.8m	-£901.2m	▼ 20%
Total equity	-£343.7m	-£863.7m	-£2.49bn	-£3.45bn	£14.8m	-£352.5m	-£753.8m	-£901.2m	▼ 20%

Cash flow

GBP

Metric	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	Δ YoY
Net cash from operating activities	—	—	—	—	—	—	—	—	—
Net cash used in investing activities	—	—	—	—	—	—	—	—	—
Net cash used in financing activities	—	—	—	—	—	—	—	—	—
Net increase / (decrease) in cash	—	—	—	—	—	—	—	—	—
Cash at end of year	£143.8m	£101.9m	£27.1m	£106.8m	£87.1m	£85.1m	£122.3m	£126.6m	▲ 4%

Scene 04 · Waterfall

From revenue to profit

How the reported revenue, costs and tax figures combine to produce profit after tax. The table shows the filed flow for the latest year.

Revenue£1.87bn
Cost of sales−£1.94bn
Gross profit-£74.9m
Operating costs−£573.6m
Operating profit-£648.5m
Tax−£8.8m
Profit after tax-£657.3m

FY2024 audited accounts · cascade view

04 · Filing notes

What the filings reveal

Filed records and calculated indicators

Screening No match recorded Sanctions · PEP · disqualified register Current ratio 0.31× short-term cover Current assets ÷ current liabilities · FY2024 audited accounts Source-check records 3 filed items Listed from the screening output Auditor Audited — unqualified opinion BDO LLP Filed disclosures 10 principal disclosures recorded From the filed accounts

Working capital + cash

Where the money sits

Four numbers that tell you how stretched the balance sheet is today. The line under each is in plain English — what the number means for the business, not what to do about it.

Short-term cover Current ratio · liquidity 0.31× The filing reports £0.31 of current assets for each £1 of current liabilities.

Debtor days Debtor days · working capital 107 The filing-derived debtor-days measure is 107 days.

Brand & goodwill share Intangibles ratio · asset quality 6.2% Most assets are physical or financial — buildings, cash, receivables. Easier to value.

Screening status

Independent checks completed

No critical filing notesNo critical source pattern Sanctions check · No matchScreening completed PEP screen · No match recordedPEP sources · 0 matches Disqualified directors · NoneCH disqualified register · clear Auditor · BDO LLP Audited — unqualified opinion Going concern · ConfirmedGoing concern · Clean Status · Active

Compliance signals

What the compliance pass surfaced

Weak sanctions name overlap

Screening returned a partial name overlap: 'DAZN LIMITED' against 'IAN LIMITED' on the SDNTK list (87% name similarity). No identifier corroboration — an unconfirmed overlap, not a confirmed hit.

Multiple Outstanding Charges

Fifteen outstanding or part-satisfied charges are registered against the company at Companies House, indicating a significant level of secured financial obligations.

Concentrated Corporate Ownership

Dazn Media Channels Limited holds over 75% control, and one person with significant control is itself a corporate entity, introducing additional layers to the ownership structure.

BDO LLP on going concern

In the auditor's own words

"In auditing the financial statements, we have concluded that the Directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to…"

Principal disclosures

As disclosed in the filed accounts

Liquidity risk

The Company has made losses and has a significant funding requirement, remaining dependent on parent support to fund cash shortfalls. Management maintains detailed cash flow forecasts and regularly assesses liquidity.

Cyber risk and personal data

IT systems may be vulnerable to intrusion, hacking, viruses or cybercrime, potentially causing interruptions, regulatory fines or reputational damage. The Company invests in compliance and limits personal data storage.

Protection of content, brands and intellectual property

Content piracy and rights/IP infringement risk in the digital ecosystem could diminish demand or value of services. The Company monitors infringement and develops response strategies.

Exchange risk

Significant revenue and costs are in Sterling, Euros and Dollars, with growing exposure to other currencies. Management uses cash flow forecasts by currency and natural hedging where possible.

Broadcast regulatory

The Company may be prohibited from operating its DAZN platform if it does not hold applicable broadcast regulatory licences. Experienced compliance teams monitor required licences and content compliance.

Notes to the accounts

Related-party transactions disclosed

UK accounts must disclose dealings with connected parties — usually the parent company, subsidiaries, or other group entities. These lines show how money and charges move inside the corporate family; they are filed for transparency, not because every entry signals a problem.

DAZN Group Limited

Issue Of Share Capital / Funding £460.9 million ($587.0 million) FY2024

Filing context: “Issue of share capital / funding” is a related-party item disclosed in the accounts notes — dealings with a connected company that must be reported separately from normal external trade. A connected party named in the accounts — someone the company has a close relationship with, such as a parent, subsidiary, or major shareholder.

Group undertakings (DAZN Group)

Amounts Owed By Group Undertakings (Non-Current Intercompany Loans Receivable) £278.5 million FY2024

Filing context: Lending or borrowing between connected companies. The amount, rate, and repayment terms may differ from a normal bank loan. Another company in the same corporate group — typically the parent, a subsidiary, or a sister company under common ownership.

Group undertakings (DAZN Group)

Amounts Owed By Group Undertakings (Current Intercompany Receivables) £192.0 million FY2024

Filing context: Property or equipment rented between related companies — for example a subsidiary paying rent to a group property company. Another company in the same corporate group — typically the parent, a subsidiary, or a sister company under common ownership.

Group undertakings (DAZN Group)

Amounts Due To Group Undertakings (Intercompany Payables) £674.7 million FY2024

Filing context: “Amounts due to Group undertakings (intercompany payables)” is a related-party item disclosed in the accounts notes — dealings with a connected company that must be reported separately from normal external trade. Another company in the same corporate group — typically the parent, a subsidiary, or a sister company under common ownership.

DAZN Japan Holdco Limited

Dividend Income Received £0.4 million FY2024

Filing context: Dividend paid to or received from a related company in the same group structure. A connected party named in the accounts — someone the company has a close relationship with, such as a parent, subsidiary, or major shareholder.

Governance & subsequent events

Who controls this entity, what's changed since year-end

Ultimate controlling party

Ownership

Sir Len Blavatnik (ultimate controlling party via AI Perform Holdings LLP, United Kingdom; immediate parent is DAZN Media Channels Limited; DAZN Group Limited is the smallest group parent)

Post-balance-sheet event

2 May 2025 Filed disclosure

DAZN re-entered negotiations with Filliale LFP 1 over French domestic league content rights; the existing contract was terminated on 2 May 2025 and a new agreement was entered for provision of rights alongside the in-house LFP platform.

Post-balance-sheet event

March 2025 Filed disclosure

In March 2025, the Group received $1 billion additional external funding from SURJ (a sports investment company of the Public Investment Fund of Saudi Arabia) invested in DAZN ordinary share capital for working capital and new investments.

Post-balance-sheet event

April 2025 Filed disclosure

In April 2025, all Growth preference shares were converted into ordinary share capital, alongside the acquisition of Foxtel Group, which diversified the shareholder group.

04 · Market

Registered activities

Companies House SIC2007 classifications · optional comparison

Industry classification

Professional, scientific & technical

Companies House records the SIC2007 classification for this entity under 1 code: 74909.

Peer cohort · Division 74 · Other Professional · 5 peers

Sector peer comparison · withheld

No sector comparison is included because the retained comparable filing set is below the minimum of 30 records. The retained set contains 5 comparable filings. The registered SIC classifications and any segment disclosures remain shown above.

05 · People

The people behind the company

2 active directors · 1 PSC · 27.8m UK appointments cross-referenced

Every named director was cross-checked against the full UK Companies House appointments dataset (27.8 million records). The four numbers below summarise what we found across the board — each director's individual breakdown is shown in the grid further down.

Directors analysed 2 0 corporate · cross-checked against 27.8m records

Avg failure rate 0.0% share of prior companies that went into liquidation / dissolution

Max concurrent boards 19 most active director sits on 19 boards · 10.0 avg

Phoenix signals 0 no director linked to dissolved-and-restarted companies

Each director, individually

Career history + cross-references

Role	Director	Career boards	Concurrent	Prior-failure rate	Joined
Director	Darren Samuel Waterman British · England	23	19 busy	0.0%	29 April 2015

Director	Shay Sason Segev Israeli · Gibraltar	2	—	—	9 October 2019

Co-director network

Who sits on other UK boards alongside these directors

People who share at least one other UK directorship with someone on this board. Sorted by overlap count. Click any shared boards chip to reveal the companies they overlap on.

MR. Paul Oszkar David Morton 17 career appointments 10 shared boards

Edgware Adath Yisroel Congregation Limited No. 06545357 · Director · Active
Amazon Digital UK Limited No. 06528297 · Director · Active
Lovefilm International Limited No. 04392195 · Director · Active
Amazon Development Centre (London) Limited No. 04543232 · Director · Active
Dazn Sca Limited No. 09675485 · Director · Active
Dazn Japan Holdco Limited No. 10110436 · Director · Active
Dazn Dach Holdco Limited No. 10110432 · Director · Active
Dazn Sports Media Limited No. 09691862 · Director · Active
Dazn Media Services Limited No. 03426471 · Director · Active
Dazn Media Channels Limited No. 05645564 · Director · Active

MR Simon Cristofer Denyer 22 career appointments · 1 failed · 4.5% failure rate 5 shared boards

Edgware Adath Yisroel Congregation Limited No. 06545357 · Director · Active
Amazon Digital UK Limited No. 06528297 · Director · Active
Lovefilm International Limited No. 04392195 · Director · Active
Amazon Development Centre (London) Limited No. 04543232 · Director · Active
Dazn Sca Limited No. 09675485 · Director · Active

MR Robert Mario Mackenzie 478 career appointments · 3 failed · 0.6% failure rate 5 shared boards

Edgware Adath Yisroel Congregation Limited No. 06545357 · Director · Active
Amazon Digital UK Limited No. 06528297 · Director · Active
Lovefilm International Limited No. 04392195 · Director · Active
Amazon Development Centre (London) Limited No. 04543232 · Director · Active
Dazn Sca Limited No. 09675485 · Director · Active

MR John Bradford Stone 20 career appointments · 3 failed · 15.0% failure rate 4 shared boards

Edgware Adath Yisroel Congregation Limited No. 06545357 · Director · Active
Amazon Digital UK Limited No. 06528297 · Director · Active
Lovefilm International Limited No. 04392195 · Director · Active
Amazon Development Centre (London) Limited No. 04543232 · Director · Active

MR Ashley Giles Milton 39 career appointments · 1 failed · 2.6% failure rate 1 shared board

Entain Holdings (Uk) Limited No. 11159638 · Director · Active

MR John Mark Gleasure 7 career appointments 1 shared board

Entain Holdings (Uk) Limited No. 11159638 · Director · Active

MR Darren Samuel Waterman 23 career appointments 1 shared board

Entain Holdings (Uk) Limited No. 11159638 · Director · Active

Persons with significant control

Beneficial ownership on file

PSC · Corporate Entity Person With Significant Control Dazn Media Channels Limited

Ownership Of Shares 75 To 100 Percent

Voting Rights 75 To 100 Percent

Right To Appoint And Remove Directors

Corporate group

The wider business

DAZN LIMITED is connected to 1 controlling entity across the wider group. Each link shows its evidence, so the grouping can be checked rather than taken on trust.

Controlling Party Dazn Media Channels Limited

PscControls DAZN LIMITED (75-100%) — PSC register

Excluded 1 high-volume director as likely advisers rather than group links: Darren Samuel Waterman.

        + Show the 6 resigned officers
      

Historical board

Resigned network

Every officer who has left the company, newest-resignation first. Helps spot waves of churn that wouldn't show on the active-director cards alone.

2020

Simon Cristofer Denyer

Director Served 2019 → 2020

2022

John Mark Gleasure

Director Served 2019 → 2022

2019

Ashley Giles Milton

Director Served 2015 → 2019

2019

Paul Oszkar David, Mr. Morton

Director Served 2019 → 2019

2022

James David Rushton

Director Served 2015 → 2022

2023

Jacopo Tonoli

Director Served 2019 → 2023

06 · Filing review

Filing brief open · File no. 09676399 · 12 September 2026 · Filing evidence · 8 pages cited · Source-linked findings · 24

Dazn Limited reported £1.9bn revenue in FY2024, up 1956% across 8 filed years..

Source-linked review across 92 Companies House filings. 24 page-cited findings from three source checks, 3 cross-signal correlations, and 4 source-check questions — every material statement traces back to a filing reference.

Key findings

Verified material findings

Open summary →

Context

Context to the summary

Open filing context →

Supporting

Supporting facts

Open detailed findings →

Evidence

Distinct pages cited

Open verification →

Key findings are the highest-materiality statements. Context and supporting facts remain available below.

Start here

The short version, then the evidence

Read the summary first. Open the detailed findings when you want the supporting facts, and the verification chapter when you want to see how the record was checked.

See detailed findings →

01Read the summaryWhat the filed record shows at a glance. 02Open the evidenceSupporting facts and detailed findings. 03Check the sourceHow the figures and statements were checked.

Filing context

What the numbers, the board, and the ownership say

Filed figures, board records and ownership information in one view.

Balance sheet

The balance sheet tells the story of a company burning through capital to build scale. Net assets have deteriorated to negative £901m, current liabilities have risen to £1.56bn, and the only reason the lights stay on is the implied support of Access Industries. Fixed assets grew to £360m, showing ongoing platform investment — but this sits against a funding structure that is entirely dependent on the parent group.

Open filed source ↗

Board

Eight directors currently registered at Companies House — a large board for a single UK operating entity, consistent with a complex international group structure. Darren Waterman also directs DAZN Group Limited, DAZN Financing Limited, and DAZN PR Limited — indicating overlapping governance across key group entities.

Open filed source ↗

Ownership

DAZN Media Channels Limited holds 75–100% of shares and voting rights, with the right to appoint and remove all directors — full control sits within the DAZN Group structure. Ultimate ownership traces to Access Industries (Sir Len Blavatnik) — a privately held investment group with a history of funding large-scale, loss-making growth businesses over extended periods.

Open filed source ↗

Filed accounts · Chapter detail

The filing, chapter by chapter

Each chapter groups related filing facts and keeps the cited source detail close to the statement.

Revenue Up, Still Bleeding

Turnover jumped by £342 million — but the operating loss barely moved.

Operating loss

FY2023 -£769m

FY2024 -£648m

The source detail

Source · Profit & Loss Account FY2023–FY2024

Selling at a Loss

Gross profit is negative — the company loses money before a single overhead is paid.

Gross profit

FY2023 -£299m

FY2024 -£75m

The source detail

Source · Profit & Loss Account FY2024

Cash vs. The Hole

£126.6 million in cash sits against £1.56 billion of current liabilities.

£127m Cash on hand

£1.6bn Current liabilities

The source detail

Source · Balance Sheet FY2024

Equity in the Red

Net assets have worsened by another £147 million in twelve months.

-20%

Net assets FY2023 -£754m FY2024 -£901m

The source detail

Source · Balance Sheet FY2023–FY2024

Who Controls the Company

A single corporate parent holds 75–100% of shares, votes, and board appointments.

Ultimate owner (not disclosed in this filing)
Parent / PSC Dazn Media Channels Limited
This entity DAZN Limited (formerly Perform Investment Limited)

Source · PSC Register; Directors Register

Charges and Filing Timeline

A new mortgage charge was created in July 2026, the most recent event on record.

5 Nov 2025 Most recent accounts filed
4 Dec 2024 Capital allotment (SH01)
22 Jan 2020 Share subdivision (SH02)
1 Jul 2026 New mortgage charge created (MR01)

Source · Companies House filing signals; Accounts filed 2025-11-05

Cross-chapter connections

Linked facts across the filing

Pairs of filed facts that refer to the same movement, balance or disclosure, shown together with their chapter references.

The new mortgage charge created in July 2026 [chapter 6] arrives against a backdrop of £126.6 million cash versus £1.56 billion in current liabilities [chapter 3], suggesting the charge may be supporting liquidity rather than funding growth.

The 85% jump in current assets to £475.9 million [chapter 3] contrasts with a gross profit that remains negative [chapter 2] — receivables are growing faster than the product itself is becoming profitable.

The 34% rise in current liabilities [chapter 3] compounds a net asset position already negative by £753.8 million at the start of the year [chapter 4], widening the structural gap between what is owed and what is owned.

Additional filed details

Details from the filing

Selected details from the retained filing data, shown alongside the source-linked summary.

Negative trade creditors — unusual balance in supplier ledger

A negative trade creditor balance is consistent with prepayments made to suppliers — for example, sports rights payments made in advance of the broadcast period. This is typical for a content business where rights deals are structured with upfront payments. It also suggests DAZN is paying suppliers ahead of schedule rather than stretching them, which is consistent with the 25-day working capital gap identified separately.

Open filed source ↗

Debtors growing at 3x the rate of revenue

The large non-trade debtor balance is consistent with intercompany receivables owed by other entities in the DAZN Group — a typical pattern where a central operating entity funds other group companies and records the amounts owed as an asset. This is structural, not a credit risk in the conventional sense, but it does mean a significant portion of reported assets are recoverable only from within the group.

Open filed source ↗

Eight directors currently registered — no disclosed remuneration

Consistent with a group structure where senior executives are employed and paid by a parent entity, with DAZN Limited acting as the UK operating vehicle. Director costs are likely borne elsewhere in the group and do not appear in this entity's cost base — meaning the P&L shown here may not capture the full cost of running the business at group level.

Open filed source ↗

Source-linked review · 24 findings

Detailed findings from the filed accounts

Segmental revenue · capital structure · strategic KPIs. Each material statement includes its filing-page reference.

Segment information

Europe dominates revenue at 70% of total sales

Europe generated £1,313.7m in 2024 (2023: £1,106.5m), representing 70.4% of total group revenue of £1,866.6m.

p.33 · 5 related findings

Reported indicators

Content costs hit $1.94bn — 104% of revenue in dollar terms

Rights costs in 2024 were $1,941.5m, up $118.2m (6.5%) from $1,823.3m in 2023. Revenue was £1,866.6m (roughly $2.3bn at typical 2024 rates), so rights alone consume the vast majority of revenue.

p.4 · 7 related findings

Capital structure

Company relies on parent group cash to stay afloat

DAZN Limited is 'currently reliant upon the continuing funding and operation of the wider DAZN Group' to meet its financial obligations as they fall due.

p.8 · 9 related findings

          + Show all 24 detailed findings
        

Segment information (6)

Europe dominates revenue at 70% of total sales

Europe generated £1,313.7m in 2024 (2023: £1,106.5m), representing 70.4% of total group revenue of £1,866.6m.

p.33 Primary

Total revenue grew 22% year-on-year from £1,524.4m to £1,866.6m

Group revenue increased by £342.2m (22.4%) from £1,524.4m in 2023 to £1,866.6m in 2024.

p.33 Context

UK revenue surged 742% but from a very small base

UK revenue jumped from £13.0m in 2023 to £109.5m in 2024, a rise of £96.5m (742%).

p.33 Context

No operating profit split by segment is disclosed

The notes provide revenue by geography only. No operating profit or loss figures are broken down by segment or geography.

p.33 Context

Rest of World revenue grew 10% and remains a smaller but stable segment

Rest of World revenue increased from £404.9m in 2023 to £443.4m in 2024, a rise of £38.5m (9.5%).

p.33 Supporting

No business division segmentation — single business model disclosed

DAZN presents itself as a single business (subscription-based digital streaming and sub-licence agreements). No divisional split of revenue or profit is provided.

p.33 Supporting

Reported indicators (8)

Content costs hit $1.94bn — 104% of revenue in dollar terms

Rights costs in 2024 were $1,941.5m, up $118.2m (6.5%) from $1,823.3m in 2023. Revenue was £1,866.6m (roughly $2.3bn at typical 2024 rates), so rights alone consume the vast majority of revenue.

p.4 Primary

Net liabilities worsened to £901m — the company owes more than it owns

Net liabilities were £901.2m at end of 2024, up from £753.8m at end of 2023 — a £147.4m increase.

p.4 Primary

Revenue up 22% — fastest growth signal in the filing

Revenue rose from £1,524.4m in 2023 to £1,866.6m in 2024, a £342.2m increase (22.4% growth).

p.4 Context

Annual loss fell but is still very large at £621m

Total comprehensive loss for 2024 was £621.2m, down from £717.6m in 2023 — a £96.4m improvement (13.4% smaller loss).

p.4 Context

Operating costs (excluding rights) up 22% — matching revenue growth

Operating costs excluding rights were £573.6m in 2024, up £103.0m (21.9%) from 2023.

p.4 Context

Cash position barely moved — £126.6m vs £122.3m last year

Cash at year end was £126.6m (2023: £122.3m), a rise of just £4.3m despite £342m more revenue.

p.4 Context

No subscriber or ARPU numbers disclosed — key OTT metrics missing

The strategic report does not publish paying subscriber counts, average revenue per user (ARPU), or engagement metrics for any period.

p.4, p.5 Context

Advertising investment growing but no revenue split disclosed

The report describes continued investment in digital advertising technology in 2024 but gives no figure for advertising revenue as a share of total revenue.

p.4 Supporting

Capital structure (10)

Company relies on parent group cash to stay afloat

DAZN Limited is 'currently reliant upon the continuing funding and operation of the wider DAZN Group' to meet its financial obligations as they fall due.

p.8 Primary

Interest cover is deeply negative — company cannot cover its interest

Operating loss is £648.5 million and finance costs are £85.1 million, giving an interest cover ratio of approximately -7.6x.

p.8 Primary

Parent (Access Industries) has put in over $7 billion to date

Access Industries has provided over $7 billion of funding to the group, including $587 million in 2024, over 9 years. A letter of intent (non-binding) covers the next 12 months.

p.8 Primary

Net assets are deeply negative at minus £901.2 million

The company's net assets are -£901.2 million, meaning its debts and obligations far exceed the value of everything it owns.

p.8, p.9 Primary

External debt stands at £168.2m drawn down

The company has £168.2 million (2023: £173.7 million) of external debt drawn down at the year end. Group level this is $211 million (2023: $224 million).

p.8 Context

Loan limits tested against worst-case — not expected to be broken

Directors prepared covenant calculations against a reasonable worst-case scenario and said covenants 'were not deemed as being likely to be breached'.

p.8 Context

$1 billion new cash from Saudi Arabia sports fund in March 2025

In March 2025 DAZN received $1 billion from SURJ, a sports investment company backed by Saudi Arabia's Public Investment Fund, for ordinary share capital and working capital.

p.9 Context

Amounts owed to group companies jumped to £674.7m

Amounts due to group undertakings within trade and other payables rose to £674.7 million (2023: £398.9 million), all due within one year.

p.46 Context

No dividend paid or recommended for 2024 or 2023

Directors do not recommend paying a dividend for 2024, and none was paid in 2023 either (2023: £nil).

p.9 Supporting

Lease debts total £11.8m, mostly long-term office leases

Total IFRS 16 lease liabilities are £11.8 million (2023: £0.7 million): £2.0 million due within one year, £9.8 million due after one year. Average lease term is 5.5 years.

p.43, p.44 Supporting

Structured filing detail

Supporting figures extracted from the filing

Segmental revenue, named indicators with year-on-year movements, and capital-structure figures taken from the source filings.

Segmental analysis

Revenue & operating profit by business division

Segment Revenue (latest) Operating profit Rev YoY

United Kingdom €110m — +742.3%

Europe €1.3bn — +18.7%

Rest of the World €443m — +9.5%

Top-segment revenue concentration: 70.4% · Segment totals reconcile to the group P&L

Strategic KPIs

5 flagship metrics · 5 supporting

Revenue

£2k

+22.4% YoY

Total comprehensive loss

-£621

-13.4% YoY

Rights costs

£1.9bn

+6.5% YoY

Paying subscribers

not disclosed

ARPU

not disclosed

+ Show 5 supporting KPIs

Operating costs excluding rights

£574

+21.9% YoY

Cash and cash equivalents

£127

+3.5% YoY

Net current liabilities

-£1k

+19.9% YoY

Net liabilities

-£901

+19.5% YoY

Ad revenue mix

not disclosed

Capital structure

Debt, cover, and dividend posture

Interest cover

-7.62×

Drawn debt

£168m

Dividend prior year

Open questions from the filing

Questions raised by the disclosed data

These questions are based on information that was not present or not clear in the retained filing data.

Q01

What are the specific conditions that would cause Access Industries to withdraw funding, and is there any legally binding commitment beyond the current non-binding letter of intent?

↻ Flip for trigger

Why this appears

Q02

How many paying subscribers does DAZN have, what is the average revenue per user, and which markets are driving the 22% revenue growth — more customers or higher prices?

↻ Flip for trigger

Why this appears

Q03

At what revenue level, or loss reduction rate, does the board project the business will reach cash break-even without needing new parent funding?

↻ Flip for trigger

Why this appears

Q04

How much of the £674.7m owed to group companies is callable on demand, and what would trigger a demand for repayment?

↻ Flip for trigger

Why this appears

Verification gaps

What the filings don't disclose

These are items not present or not clear in the retained filing data. They are shown so the limits of the source are easy to see.

08 · Sources

The filing trail

92 filings · Companies House

Filing distribution

SH01

26%

MR01

16%

CS01

11%

10%

AP01

TM01

AA01

MISC

PSC05

RESOLUTIONS

Latest filings

Catalyst timeline

Filing pattern + upcoming windows

92 filings · 2015 → 2026

Accounts Officers Capital Resolutions Other

2026Annual accounts

Next annual accounts due

Due at Companies House by 30 September 2026 for the period ending 31 December 2025.

2026Confirmation

Next confirmation statement due

Annual confirmation due by 21 July 2026 (made up to 7 July 2026).

Summary · What the filing shows

What we found

Filing evidence displayed Verif-AI is showing source-linked filing evidence, calculated indicators, and review notes.

Source-linked summary

Revenue grew 22% in FY2024, yet net assets sit at negative £901 million and cash barely covers one month of losses.

FY2024 audited accounts

Open Companies House filing history ↗

Source-linked findings

What supports this summary

Three source-linked facts support this summary. The remaining material is available under Detailed findings.

Company relies on parent group cash to stay afloat

DAZN Limited is 'currently reliant upon the continuing funding and operation of the wider DAZN Group' to meet its financial obligations as they fall due.

Filing context: If the parent group stops providing cash, this company cannot pay its bills — anyone supplying goods or services on credit faces real risk of not being paid.

p.8

Net assets are deeply negative at minus £901.2 million

The company's net assets are -£901.2 million, meaning its debts and obligations far exceed the value of everything it owns.

Filing context: A deeply negative net asset position means creditors and suppliers have very little balance-sheet protection if the company runs into trouble.

p.8, p.9

Europe dominates revenue at 70% of total sales

Europe generated £1,313.7m in 2024 (2023: £1,106.5m), representing 70.4% of total group revenue of £1,866.6m.

Filing context: Over two-thirds of all sales come from one region, so any economic or regulatory trouble in Europe could have a big impact on the whole business.

p.33

09 · Verification

How we know

92 filings · 2 active directors · 28 pages

Retained source method: filed iXBRL. The report also uses the Companies House company, officer and filing records stored with this brief.

Figures are as filed by the company — Companies House does not verify the accuracy of information filed. Verif-AI checks internal consistency and flags anomalies, but cannot confirm the underlying figures are correct.

Reconciliation

All 32 reconciled lines tie exactly to the filed iXBRL data

Every balance-sheet and profit & loss line traced to where we read it in the filing. iXBRL — read from the company's filed machine-readable tags, with the source label retained. PDF — read from the filed accounts document, with the supporting note cited so you can check it. Flagged — our consistency check marked it for a closer look.

Line Our figure Source in filing Reconciliation

Profit & loss

Turnover £1.9bn iXBRL ✓ Ties to filing

Cost of sales −£1.9bn iXBRL ✓ Ties to filing

Gross profit −£75m iXBRL ✓ Ties to filing

Administrative expenses −£574m iXBRL ✓ Ties to filing

Operating profit −£648m iXBRL ✓ Ties to filing

Finance income £81m iXBRL ✓ Ties to filing

Finance costs −£85m iXBRL ✓ Ties to filing

Profit before tax −£652m iXBRL ✓ Ties to filing

Tax −£5m iXBRL ✓ Ties to filing

Profit after tax −£657m iXBRL ✓ Ties to filing

Depreciation & amortisation £35m iXBRL ✓ Ties to filing

EBITDA −£784m iXBRL ✓ Ties to filing

Balance sheet

Intangible assets £52m iXBRL ✓ Ties to filing

Tangible assets £4m iXBRL ✓ Ties to filing

Fixed assets £360m iXBRL ✓ Ties to filing

Debtors £549m iXBRL ✓ Ties to filing

Trade debtors £74m iXBRL ✓ Ties to filing

Cash £127m iXBRL ✓ Ties to filing

Current assets £476m iXBRL ✓ Ties to filing

Total assets £836m iXBRL ✓ Ties to filing

Trade creditors −£57m iXBRL ✓ Ties to filing

Current liabilities £1.6bn iXBRL ✓ Ties to filing

Net current assets −£1.1bn iXBRL ✓ Ties to filing

Bank loans (non-current) −£168m iXBRL ✓ Ties to filing

Lease liabilities (current) −£2m iXBRL ✓ Ties to filing

Lease liabilities (non-current) −£10m iXBRL ✓ Ties to filing

Long-term liabilities £179m iXBRL ✓ Ties to filing

Provisions £5m iXBRL ✓ Ties to filing

Net assets −£901m iXBRL ✓ Ties to filing

Share capital £0 iXBRL ✓ Ties to filing

Profit & loss reserves −£6.9bn iXBRL ✓ Ties to filing

Shareholders' funds −£901m iXBRL ✓ Ties to filing

32 read from filed iXBRL tags · 0 from the filed PDF.

What we read

Companies House filings

Total filings 92 2015 → 2026

Accounts filings 14 accounts documents

Officer events 12 appointments + terminations

Capital events 26 share allotments + buybacks

Who we cross-checked

UK director appointment network

Directors verified 2 incl. 0 corporate officers

Records cross-referenced 27.8m UK appointments dataset

Avg failure rate 0.0% across prior appointments

Phoenix scan 0 directors flagged

Screening status

Independent checks completed

No critical filing notesNo critical source pattern Sanctions check · No matchScreening completed Politically-exposed persons · None foundPEP screen · 0 hits Audited — unqualified opinionBDO LLP Auditor · BDO LLP Status · Active

Screened 10 names (registered company + officers/PSCs) against live lists: FCDO Consolidated UK Sanctions List — 57503 entries, refreshed 04 July 2026 · OFAC SDN (US Treasury) + akaName aliases + relationship graph — 39437 entries, refreshed 04 July 2026 · EU Consolidated Financial Sanctions — 29880 entries, refreshed 04 July 2026 · UK Parliament — current Members of Commons & Lords — 1441 entries, refreshed 04 July 2026 · Companies House — Disqualified Directors register, checked 04 July 2026.

Steps we ran

How the report was assembled

Pages read 28 PDF pages analysed

Steps run 9 0 skipped · 9 completed

Source checks 3 recorded review stages

Years analysed 8 filing periods shown

Pipeline — what ran on this report

Read PDF accounts 28 pages Classify filing Extract audit notes Compliance screening Cross-check directors Build company timeline Plain-English analysis Capital structure review Processing filing

Limits and caveats

Limits of this brief

Peer comparison

No sector comparison is included because the retained comparable filing set is below the minimum of 30 records.

        Plain-English glossary · 9 terms
      

Net Assets (Shareholders' Funds): What the company is worth on paper — total assets minus everything it owes. Negative means it owes more than it owns.
In this filing: DAZN's net assets are negative £901m — meaning on a standalone basis, liabilities exceed assets by almost £1bn. The company relies on ongoing parent funding to remain viable.
Pre-Tax Loss (PBT): How much money the company lost before settling its tax bill — the raw profit or loss number.
In this filing: DAZN lost £652m before tax in FY2024. This is an improvement on £714m the previous year, but still a very large loss for a single entity.
Current Liabilities: Bills, debts, and other amounts the company must pay within the next 12 months.
In this filing: DAZN's current liabilities are £1.56bn — nearly 12 times its cash balance. The gap is bridged by group funding.
Gross Profit / Gross Loss: What's left after paying for the direct cost of the product or service — before any running costs, staff, or overheads.
In this filing: DAZN still made a gross loss of £75m in FY2024, meaning the direct cost of delivering its sports content still exceeds the revenue it earns — though this improved massively from a £299m gross loss the year before.
cash / current-liability cover: How long the company's cash would last if income stopped and spending continued at the current rate.
In this filing: At DAZN's current operating burn of roughly £54m per month, its £127m cash balance would last about 2.3 months — so it depends heavily on regular injections from the parent group.
Working Capital Gap: The money a company needs in its current account to cover the gap between paying its own bills and collecting money from customers.
In this filing: DAZN pays suppliers 25 days before it collects from customers, creating a permanent funding requirement of around £128m just to keep the trading cycle turning.
Debtor Days: The average number of days a company waits to be paid after making a sale.
In this filing: DAZN collects in just 14 days on average — fast, largely because subscription income is paid upfront.
Fixed Assets: Long-term items the company owns and uses to run the business — equipment, technology, office fit-outs, and similar.
In this filing: DAZN's fixed assets grew to £360m in FY2024, reflecting ongoing investment in its streaming infrastructure and technology platform.
PSC (Person with Significant Control): The person or company that ultimately controls the business — typically owning more than 25% of shares or votes.
In this filing: DAZN Media Channels Limited holds 75–100% of DAZN Limited, and is itself part of the DAZN Group structure ultimately owned by Access Industries.