Dream11’s revenue surges 66% in FY23, profit up 32%

Dream Sports, the parent company of Dream11, on Friday reported a 66.21% growth in its FY23 revenue to Rs 6,384 crore. It had posted a revenue of Rs 3,841 crore in FY22. The company’s profit grew 32.4% to Rs 188 crore in FY23 from Rs 142 crore in FY22, consolidated financial statements sourced from the Registrar of Companies (RoC) showed.

The company’s overall expenditure increased by 55.21% to Rs 5,839 crore in FY23 from Rs 3,762 crore in FY22. Advertisement and promotional expenses accounted for 51% of its total burn. This expenditure increased by 37.3% to Rs 2,964, crore in FY23 from Rs 2,158 crore in FY22.