2023年全球体育技术报告.pdf

?Drake Star Partners?Drake Star Securities LLC?FINRA?SIPC?Drake Star UK Limited?FRN 942020?Razlin Ltd?FRN 730805?[phone]+1 310 696 4006?Drake Star Securities LLC?FINRA?SIPC?Drake Star UK Limited?FRN 942020?Razlin Ltd?FRN 730805?[phone]+1 203 524 5652?2024?2024?2023?Pitchbook?Drake Star?$37BDeal Value1,171Deals11?14?$7B+?$4.2 B$5.7 B$26.7 B2023?-$36.6 B M&A PrivatePlacements?2023?-11712023?2023?1100?3700?2022?21?328?267B?2022?3?*?2022?2?WWE/Endeavor?CAA/Artemis Group?Vista Outdoor/?Group?Better Collective?Playmaker Capital?Fanatics?Entain?Endeavor?790+?$57 B?14?1?752?VSPO?2.65?EGYM?2.25?2.16?2?VIU?2?Verance Capital?Will Ventures?Play Ventures?Eberg Capital?FJ Labs?Courtside VC?2023?/?7B?RedBird Capital(23?)?(10?)?Isos7(7.5?)?TXV Parters(5?)?PIF?SRJ Sports Ivestmets?2023?IPO?Amer Sports?Salomon?Wilson?Arc teryx?Lottomatica Group?Keen?*?$687 Activision/Microsoft?Pitchbook?47328796$9.8 B236?$26.7 B328?2022?2023(1)?Q122 Activision?$687?2022?2023?Drake Star?Pitchbook?Drake Star?(1)$30B$25B$20B328?BYGEO?-328?GEO?(2)$15B$10B$5B$0B20212022(1)?2023?2023?/?202253%?(1)?Q122 Activision?($68.7 B)?(2)?WWE 2Q23?$9.3 B?Drake Star?Pitchbook?Drake Star?330?280223236 BYSEGMENT?-3282301808286130802750306914-20-709%21%70%21%44%35%2%9%21%15%33%5%6%28%29%?Drake Star?Pitchbook?Drake Star?&$9,300.07.4 x28.2 xApr-23?$3,920.04.7 x38.7 x Sep-23?$1,910.0-5.0 x*Oct-23?&$1,250.015.1 x-Apr-23?&$1,215.35.7 x29.5 x May-23?&$981.86.9 x15.2 x Jun-23?&$678.02.1 x8.6 x 11?23?&$422.03.1 x13.1 x May-23?&$415.0-Apr-23?$320.0-2?23?*FY2024?$2568$1,3464$2254$9,3002$1,9101$1,1251$6781$4221?$2821-1?Teamworks?4?Drake Star?Pitchbook?CapIQ?Drake Star?216207$3.9 B154175178201212205250200?-796?-$5.7 B150$1.9 B$1.3 B$2.3 B$1.7 B$1.6 B$1.4 B$1.0 B10050 0?/?202310%7%3%39%19%23%?202223%40%3%14%8%13%?Q122Q222Q322Q422Q123Q223Q323Q423?2022?Pitchbook?Drake Star?$3.5 B$1.3 B$0.9 B11061625$2.3 B?LOCATION$2,300$1,000$760$750$500$500$300$181+$100?$100$100$60-Fasanara Capital?5?-?$500M?NBA?Carmelo Anthony?7.5?Isos7 Growth Equity?$7.5?$1B?$1.0 BTXV Partners?CAZ Investments?5?Evolution Fund?$500M?Raine Group?7.6?TMT?$760MRedBird Capital Partners?23?7.5?COMPANY?VALUATION(1)?(S)?$265.0-2?23?$225.0$600.0Jul-23?$216.0$973.1 Jun-23?$200.0$4,050.0Jul-23?$200.0$766.3Jun-23?$150.0-?Apr-23?$150.0-3?23?$130.0$1,770.0Apr-23?$100.0-11?23?$100.0-8?23?(1)?(2)Note:Selected deals only.Drake Star did not act as financial advisor on transactions listed on thispage12?Pitchbook?5443332222?10654444433?Drake Star?Pitchbook?CapIQ?Drake Star?$100M?Verdane?B2B?$100M?PSG?Strikerz?UFL?$40M?Dust Identity?$40M?Castle Island Ventures?B?ONGameOn?$25M?Equiam?B3 Capital?AI?Beachbody?50?1?$5.3 M?Drake Star?Drake Star?CapIQ?PitchbookLottomatica?$500Mto support its acquisition of SKS365,pay associated fees and costs.The facility will consist of senior secured floating rate bonds maturing in 2030 and senior secured notes with 7.13%rate maturing in 2028Intralot?$145M?233M?2024?Vista?$1.9 B?Vista?Lottomatica?SKS365for$678M?Playmaker Capital?$1.88 M?Better Collective?SegaSammy?B2B?B2C?GAN?for$108Mto?171458326$0.8 B$0.7 B$2.6 B22%41%37%26%74%?BYSEGMENTTotal-73?BYSEGMENT?-$4.3 B?BYGEOTotal-73?Total-73$0.2 B?/?PE?Drake Star?Pitchbook?Drake Star?$1.9 B?1.91?Vista Outdoor?CSG?CSG?2023?10?$678.0 M?Lottomatica?SKS 365?6.78?The acquisition allows Lottomatica to further strengthen its position on the Italian market and expand its brand portfolio.Lottomatica will leverage the skills of the extensified group to support the next stage of growth for both companies2023?11?$188.0 M?Better Collective?Playmaker Capital?a?1.88?The deal is transformational for Better Collective,they will be able to enhance overall product,geographic and demographic diversity.BC will be able to grow audience in America and secure market leading position in South America2023?11?$108.0 M?SegaSammy?1.08?SaaS?GAN LimitedThe acquisition allows SegaSammy to access GAN s turnkey technology that is highly competitive in enables US iGaming operators to quickly enter the market.The complementary nature of GAN s business will greatly contribute SegaSammy s gaming business2023?11?TeamSnap?MOJO?TeamSnap?MOJO?2023?12?Oddschecker?SuperScommesse?Oddchecker?DAZN?2023?11?Capital IQ?Pitchbook?Drake Star?$0.2 B$0.3 B?-$1.0 B?-205?GEO?-205?-205?-$1.0 B?/?Drake Star?Pitchbook?Drake Star?$0.1 B$0.1 B$0.2 B$0.4 B28131845119020%56%24%2510170$0.4 B?Capital IQ?Pitchbook?LinkedIn?Drake Star?Verdane?HV Capital?b2venture?ProSiebenSat1?1?Urban Sports Club?B2B?2023?12?$100MFUNDRAISE LED BYSport Alliance?PSG Equity?1?Sport Alliance?2023?11?$100MFUNDRAISE LED BYUFL?Strikerz?4000?Instagram?614M?UFL?2023?12?$40MFUNDRAISE LED BY?Playermaker?ADvantage?Ryan Sports Ventures?Playermaker?FIFA?2023?10?FUNDRAISE LED BYDust Identity?Castle Island Ventures?Amex Ventures?Kleiner Perkins?8VC?4000?Dust Identity?2023?12?$40MFUNDRAISE LED BYGameOn?Equim?B3 Capital?Mirae?2500?AI?2023?12?$25MFUNDRAISE LED BYONec-2250%40%30%20%10%0%-10%1 DstJan-23Jan-232?23?3?23?Apr-23May-23Jun-23Jul-238?23?Sep-23Oct-2311?23?Dec-23?39.5%?/?/?11.2%?500?24.2%?-5.5%?/OTT/?19.9%?2023?12?31?1?2022?12?30?2023?12?31?/OTT/?=Catena Media?FuboTV?Roku?Sportradar Group?TKO?=?=?Garmin?Kopin?Nautilus?Peloton Interactive?Xponential Fitness?BowFlex?Daktronics?/?/?=?Bidstack?DraftKings?Entain?Flutter?GAN LimitedGenius Sports,Gfinity,Light&Wonder,Penn Entertainment,Playmaker,Scout Gaming,Skillz,?,Lottomatica,Rush Street Interactive,Caesars Entertainment?/LTM?3.4 x2.9 x2.7 x2.4 x2.2 x2.3 x1.8 x1.8 x?/OTT/?/?/?EV/NTM?2.6 x2.5 x2.2 x2.4 x1.9 x1.9 x1.7 x1.8 x?/OTT/?/?/?2022?12?2023?12?/?17.0 x17.1x33.6 x18.6 x17.8 x11.2 x14.7 x12.7 x2022?12?2023?12?10.3 x11.7 x7.7 x16.0 x10.7 x12.5 x11.7 x9.3 x?/OTT/?/?/?/OTT/?/?/?/OTT/?=Catena Media?FuboTV?Roku?Sportradar Group?TKO Group?|?=?=?Garmi?Kopi?Natils?Peloto Iteractive?Xpoetial Fitess?/?/?=?Bidstac?DraftKigs?Etai?Fltter Etertaimet?GAN Limited?Geis Sports?Gfiity?Light?Woder?Pe Etertaimet?Playmaer?Scot Gamig Grop?Sillz?Lottomatica?Rsh Street Iteractive?2023?12?31?2023?1100?3700?7.5?Bruin Capital?Reliance/Viacom?2024?2023?2024?2023?7B?IPO?Reddit?IPO?IPO?/OTT/?RokuUS23?9?30?$91.66$13,061.2$11,721.6$3,367.3-$295.33.5 x3.1 xNMNMNMNM8%11%NA124%-8.8%TKO?US23?9?30?$81.58$6,694.8$14,335.1$1,332.7$584.010.8 x5.3 x24.4 x12.1 x18.6 x28.7 xNA104%NA103%43.8%?US23?9?30?$23.73$7,130.2$18,559.4$5,637.9$855.53.3 x2.6 x22.3 x11.3 xNM16.7 x2%28%-22%92%15.2%?US31 Dec-23$181.83$4,351.9$5,485.5$879.6$86.66.1 x6.2 x30.2 xNMNMNM-1%-0.1%-17%13%9.8%SportsFL?FR23?9?30?$9.34$3,844.8$6,840.6$4,445.3$570.71.5 x1.4 x11.5 x8.2 xNM10.0 x9%7%66%39%12.8%Sportradar?CH23?9?30?$11.05$3,284.2$3,012.7$879.9$253.33.4 x2.7 x11.9 x15.3 xNM40.5 xNA20%NA25%28.8%?US31 Dec-23$33.96$1,192.3$2,085.0$723.3-$82.33.7 x1.7 xNM15.0 x4.2 xNMNA67%NA269%-11.4%fuboTVUS23?9?30?$3.18$931.1$1,108.0$1,277.4-$275.70.9 x0.7 xNMNMNMNMNA22%NA35%-21.6%Catena MediaMT23?9?30?$1.23$93.1$123.2$104.0$33.61.1 x0.9 x3.4 x2.3 x8.4 x4.3 x35%27%-18%53%32.3%Average3.8 x2.7 x17.3 x10.7 x10.4 x20.0 x11%32%2%84%11.2%?3.4 x2.6 x17.1 x11.7 x8.4 x16.7 x8%22%-17%53%12.8%?US23?9?30?$63.13$14,667.4$16,094.4$2,746.0$560.05.9 x4.6 x28.8 x22.7 x32.8 xNM5%29%-1%27%20.4%?GB23?9?30?$20.38$3,311.8$4,000.6$807.7$190.44.9 x4.8 x19.9 x16.0 xNMNM10%-0.2%71%26%23.6%?IT23?9?30?$2.84$718.5$1,144.0$447.2-$17.02.4 x2.2 xNM29.6 xNMNM-13%12%NANM-3.8%?DE23?9?30?$3.98$439.2$459.0$538.7$130.30.8 x1.0 x3.3 x3.5 x16.4 x28.8 x19%-15%70%2%24.2%AFC AjaxNL30-Jun-23$11.03$202.2$281.0$214.3$8.11.3 x1.3 x17.2 x2.7 x4.7 x11.9 x4%3%NANM3.8%Average3.1 x2.7 x17.3 x14.9 x17.9 x20.3 x5%6%47%18%13.6%?2.4 x2.2 x18.6 x16.0 x16.4 x20.3 x5%3%70%26%20.4%?2023?12?31?Capital IQ?GarminCH23?9?30?$128.54$24,593.7$21,961.1$5,052.1$1,192.64.3 x4.0 x17.7 x17.0 x23.7 x23.8 x2%8%-4%8%23.6%Peloton InteractiveUS31 Dec-23$6.09$2,195.1$3,800.1$2,730.3-$482.21.4 x1.4 xNMNMNMNM-11%3%NA93%-17.7%DaktronicsUS28-Oct-23$8.48$391.6$382.9$826.7$107.90.5 xNA3.7 xNA8.4 xNA25%NANMNA13.0%Xponential FitnessUS23?9?30?$12.89$398.2$827.7$299.7$53.72.8 x2.5 x12.3 x6.3 xNM10.8 x34%12%73%145%17.9%?AU23?9?30?$0.94$233.3$240.0$92.6-$6.12.5 x2.1 xNM14.3 xNMNM14%79%NANM-6.6%KopinUS23?9?30?$2.03$224.2$205.7$44.0-$16.14.7 x4.6 xNMNMNMNM-9%3%NA62%-36.5%?US23?9?30?$0.77$28.0$54.5$256.9-$32.70.2 x0.2 xNMNMNMNM-34%-10%NA44%-12.7%Average2.3 x2.5 x11.2 x12.5 x16.1 x17.3 x3%16%35%70%-2.7%?2.5 x2.3 x12.3 x14.3 x16.1 x17.3 x2%5%35%62%-6.6%?/?/?IE30-Jun-23$177.56$31,261.3$36,645.5$11,581.5$1,329.43.2 x2.9 x25.5 x16.0 xNM30.1 x43%11%71%72%11.5%DraftKingsUS23?9?30?$35.25$16,435.0$16,665.6$3,289.7-$795.55.1 x3.8 xNMNMNMNM77%32%NA131%-24.2%?US23?9?30?$46.88$10,112.5$35,301.5$11,524.0$3,834.03.1 x3.0 x8.5 x8.8 x14.2 x35.9 x9%2%43%4%33.3%?.US23?9?30?$134.93$10,065.1$14,658.0$2,380.6$710.06.2 x5.5 x16.9 x13.3 x28.6 x23.5 x40%11%54%55%29.8%EntainGB30-Jun-23$12.66$8,089.4$11,770.4$5,819.7$967.62.0 x1.9 x13.4 x9.2 xNM21.9 x10%6%-2%32%16.6%?US23?9?30?$82.11$7,397.1$10,617.1$2,813.0$897.03.8 x3.5 x11.5 x9.1 xNM25.4 x17%8%27%30%31.9%?US23?9?30?$26.02$3,889.7$14,069.0$6,553.1$1,278.22.1 x2.1 x7.5 x9.0 xNMNM3%0.3%-22%22%19.5%Lottomatica?IT23?9?30?$10.82$2,723.0$4,262.5$1,663.8$447.92.5 x2.2 x8.8 x6.1 x2.7 x9.6 x15%10%16%49%26.9%?DK23?9?30?$25.51$1,376.8$1,741.0$346.8$122.04.6 x4.1 x13.0 x11.8 x24.2 x20.3 x39%17%77%16%35.2%?GB23?9?30?$6.18$1,279.6$1,202.6$391.1-$35.83.1 x2.7 xNM17.7 xNMNM22%16%NA41%-9.2%Rush Street InteractiveUS23?9?30?$4.49$321.6$263.7$662.8-$50.80.4 x0.4 xNM8.3 xNMNM19%11%NA163%-7.7%SkillzCN23?9?30?$6.24$133.8-$66.4$167.8-$91.1NMNMNMNMNMNM-49%-4%NA44%-54.2%PlaymakerCA23?9?30?$0.51$116.5$137.4$59.6$7.72.2 x2.3 x17.1 x7.3 xNM33.8 x116%-1%134%143%12.9%GAN?US23?9?30?$1.58$70.6$77.0$135.7-$13.90.6 x0.5 xNM24.3 xNMNM0.5%15%NA123%-10.3%?CA23?9?30?$0.22$33.4$43.8$136.8-$29.90.3 x0.3 xNMNMNMNM-10%8%NA94%-21.9%?CN23?9?30?$0.04$10.0$4.9$2.8-$3.41.6 xNANMNANMNANMNANANANM?GB30-Jun-23$0.01$9.1$6.5$6.6-$13.21.0 xNANMNANMNA35%NANANANM?US23?9?30?$1.52$6.4$5.3$22.7-$18.30.2 x0.2 xNMNMNMNM21%33%NA48%-80.6%?CN23?9?30?$0.05$3.8$6.3$0.7-$1.19.1 xNANMNANMNA-39%NANANANMGfinityGB30-Jun-23$0.001$2.2$1.8$2.8-$3.00.7 xNANMNANMNA-19%NANANANMAverage2.7 x2.4 x13.6 x11.7 x17.4 x25.1 x18%11%44%67%0.6%?2.2 x2.3 x13.0 x9.2 x19.2 x24.4 x17%10%43%48%12.2%?2023?12?31?Capital IQ?B2C B2B?/?COMMERCE?B2C B2B?ESPORTS/?/CRM/?Angeles?Drae Star?2013?500?Drae Star?*?100?/SaaS?Drae Star?Drae Star Parters Limited?FINRA?SIPC?FRN 942020?Razli?FRN 730805?2024?*?2024?