Dream11, a well-known fantasy gaming platform for all sports enthusiasts, has reported a profit of Rs. 180 crores. The platform operates under Dream Sports, a Sports Technologies company. Let’s delve into the Daily Turnover of Dream11.
In the financial year 2019, the company incurred a loss of 87 crores with a revenue of Rs 775.5. However, there was a remarkable recovery in the financial year 2020, with revenue soaring to Rs 2070.4 crores.
A significant milestone for the company was the $400-million secondary funding round, elevating the value of Dream Sports to $5 billion. In 2020, the company’s expenses surged to Rs 1867 crores. The 2020 profits were substantial compared to 2019.
Around 71% of the total expenses, equivalent to Rs 1328.02 crores, were allocated to advertising by Dream 11. The company also invested in promotional campaigns and employee benefits, increasing the latter to Rs 153.21 crores, a 133.6% rise.
Co-founder and CEO, Harsh Jain, expressed that Dream11 was already profitable and focused on diversity. In an interview with a leading sports portal, he discussed the company’s plans, stating, “We want to redeploy our EBITDA and re-invest further into inorganic growth because, while organic growth continues, we don’t want to fall into that age-old trap of trying to do everything ourselves.”
Jain mentioned their goal of diversifying and creating a new entity akin to Alphabet, emphasizing the development of market-leading sports products comparable to YouTube, Gmail, and Google Maps. The aim is to expand beyond their core business.
Dream11 has achieved significant success in fantasy gaming, featuring various sports like cricket, hockey, kabaddi, and more.
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What Is The Daily Turnover of Dream11?: Dream11 Owner Income Per Day
| Years | Revenue (In crores) | Profits/Loss (In crores) |
| 2018 | 224.6 | -65.1 |
| 2019 | 775.4 | -131.6 |
| 2020 | 2,120 | 181 |
| 2021 | 2,706 | 329 |
| 2022 | 3,480.75 | 142.86 |
| 2023 | 6,384 | 188 |
| 2024 | TBU | TBU |
Conclusion
Dream11’s journey from a startup to a market leader in the fantasy sports industry is a testament to the vision and execution of its founders, Harsh Jain and Bhavit Sheth. With a robust business model and strategic growth plans, Dream11 continues to generate substantial daily income for its owners. The platform’s impact on the sports industry and its potential for future growth make Dream11 a remarkable success story in the digital age.
By staying attuned to market trends, investing in technology, and navigating the legal landscape, Dream11 is poised to maintain its leadership position and continue contributing to the sports ecosystem. The daily income of its owners is a reflection of the platform’s overall success and the enduring appeal of fantasy sports.
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