Blavatnik extends DAZN's lifeline after $980 million loss
The move
Access Industries, the investment firm of Len Blavatnik, told DAZN's board it intends to keep providing financial support for 12 months, after the sports-streaming company posted a $979.7 million net loss for 2025 on $3.8 billion of revenue, according to accounts filed at the UK's Companies House. Access lent DAZN $610 million in 2025 and a further $360 million so far in 2026.
Why it matters
DAZN's operating loss widened to $939.8 million from $772.9 million the year before, and the company is restructuring into a new Cayman Islands holding company while it keeps burning cash.
The bear case
The directors noted that the support letter is not a legally enforceable or binding commitment, so it signals intent rather than a guaranteed backstop if DAZN's losses keep growing.
What to watch
Whether DAZN's new holding-company structure or any IPO talks change the terms of Access's support.