Dream11 parent Dream Sports slipped into the red in the fiscal year ended March 2025 (FY25), reporting a net loss of ₹478.9 Cr as against a net profit of ₹1,295.3 Cr in the previous fiscal year. It is pertinent to note that the company’s bottom line was impacted by an exceptional expense of ₹503.7 Cr incurred during the fiscal. These expenses pertain to taxes Dream Sports had to pay while redomiciling to India last year. For context, the company had reverse flipped to India in March 2025, merging its US entity, Dream Sports Inc, with its India entity, Sporta Technologies Pvt Ltd. However, the company reported a decline in its top line during the period under review. Its FY25 operating revenue declined 14.8% to ₹6,759.3 Cr from ₹7,933.8 Cr reported in the previous fiscal. Including other income of ₹615 Cr, Dream Sports’ total income stood at ₹7,374.4 Cr during the period under review. During the fiscal, revenue from the sale of goods and services fell 35.8% to ₹258.8 Cr from ₹403.3 Cr in the year-ago period. Meanwhile, gaming revenue declined 13.7% to ₹6,500.5 Cr from ₹7,530.5 Cr reported in the same period last year. Notably, in August last year, the… Read MoreInc42 Media
