Dream11 is a popular fantasy gaming platform for all game lovers and it has recorded a profit of Rs. 180 crores. The application or the platform runs under Dream Sports that are the Sports Technologies. Next, we will discuss What Is The Daily Turnover of Dream11.
The company received a loss of 87 crores during the financial year 2019 and the revenue was Rs 775.5. However, the makers made it to the recovery in the financial year 2020 to Rs 2070.4 crores.
There has been a $ 400-million secondary funding round where the value of Dream Sports is $5 billion. In the year 2020, the expenses for the company have risen to Rs 1867 crores. It has been a huge and stupendous profit in 2020 as compared to 2019.
Around 71% of the total expenses, Rs 1328.02 crores were spent on advertising by Dream 11. They created promotion campaigns and spent money on employee benefits which increased to Rs 153.21 crores that are 133.6%.
Harsh Jain and Bhavit Sheth, the co-founder, and chief executive officer of the company say that Dream11 was already under profits where the company was looking out for diversity.
He speaks to one of the leading sports portals about the venture, “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.”
The speaker mentioned their company’s goal of diversification and building a new entity similar to Alphabet, with a focus on creating market-leading products in the world of sports, comparable to YouTube, Gmail, and Google Maps. The aim is to move beyond their existing core business.
Dream11 has reached the heights of fantasy gaming where they feature several games 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 |
Read Also:- Top 10 Highest Paying Sports In The World
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