【DrakeStar】2025年体育技术报告

.dra.dralkestar,connSPORTSTECHMARKET2025NEWYORKILONDONILOSANGELESIPARISIMUNICH2※DRAKESTARNote:SometransactionsexecutedbycurrentDrakeStarPartnersemployeeswhileemployedatotherfirms2ANNUALMEDIAANDENTERTAINMENTSUMMTCC-SU1TEEVENTFORSPORTS,MEDIAANDENTERTAINMENTINVESTMENTINDUSTRYSummitSummitPANELISTSpeterPANELISTSpeterFrintzillasCEpatrikolssonCEOTimMackinnonCEOGregoryBedrosianDRAKESTARCEORobFreemanpartner&coHeadAshishDesaiEVPJeffRothsamHallsMedhinisrinivasanprincipalRyanMooreFounderproskauer》NBcuniversalAnnualinvestmentindustryleadershipsummitinNYC•preeminent,"mustmmattend"eventforsports,mediaandentertainmentprofessionals•2oo+invitationmmonlycmmsuiteattendeescomprisedofleadinggrowthstagefirms,strategicbuyers,venturecapitalandprivateEquityfirmsSELECTATTENDEESSELECTATTENDEESCAA图shuterstr,ck-A24llg丽eteuate令everfitseressutrineEhertersimplebetzoomph⃞BaincapitaltnwspoRTSKKRFIT⃞MATCH.aiSRS3344MANAGNGPARTNER&CEOMANAGNGPARTNER&CEONEYORKgregory.bedrosian@drakestarERICWARDMANMANAGNGPARTNEReric.ward@drakestar.MICHAELMETZGERMANAGNGPARTNERLOSANGELESmichael.metzger@drakMOHITPAREEKPARTNERL○SANGELESL○SANGELESPARTNERPARTNERPARTNER55.dralk.dralkestar,conn$200B$200B$12B$12B5Note:FiguresincludeNote:Figuresinclude//LANDMARKYEARFORSPORTSTECHHIGHLYACTIVESPORTSTECHDEALMAKINGTotal-$199.8BTotal–1,026SinclairandSinclairandIntralot.2025SUMMARY•2025wasanunprecedentedyearforsports-tech,with$200Binannounceddealvalueacross1,000+dealsandawaveofmega-mergers,cappedbyarecord$14.3Binsportstechprivatefinancings,thelargestever,withseveral$1B+megafinancings.•With$156Bindiscloseddealvalueover450announceddeals,M&Aactivitywasintense,drivenbylargemegadealsandstrongconsolidationacrossyouthsports,performanceanalytics,mediarightsandpredictionmarkets;HeadlinetransactionsincludedNetflix’s$82.7BproposedacquisitionofWarnerBrosandEA’s$55BacquisitionbySaudiPIF/SilverLake,alongsidenotabledealssuchasPrizePicks/Allwyn($4.15B),ExcelSports/GoldmanSachs($1B)andPlayHQ/AlpineInvestors,whereDrakeStarservedastheexclusivesell-sideadvisor.•Arecord$14.3Bwasraisedacross500privateplacements,ledbyDAZN’s$2.4Bfinancing(across3rounds),withadditionallandmarkraisesinPolymarket($2.2Bover2rounds),Mari($2B),Kalshi($1.5Bacross3rounds),Oura($900M),NEPGroup($700M),CRFitness($350M)andTeamworks($235M).•Whilethenumberoffinancingsdeclinedversuslastyear,aggregatedealvaluemorethandoubled,underscoringgrowinginvestorconvictioninlargerbetsonsportstech;early-stagefinancingsstillrepresented82%oftotaldeals,butmid-tolate-stageactivityinflectedsharplywith23raisesof$100M+(afour-yearhigh),ledbyWearables&PerformanceEnhancementsandFanEngagement/Experienceindealcount,andbyFantasy,Esports&Bettingincapitalraised.TopinvestorsincludedBoltVentures,andAccelerateVenturesacrossearlytolaterounds,withAlumniVentures,OldTom,ApexCapital,andCourtsideVCleadingtheseedstage.•With$12Binnewfundsraised,sportstechremainedamagnetforcapital,withnearlydoublethenewmoneyforsportsandmediastrategiesversus2024,asmajorPEfirms(Apollo,TPG,SixthStreet,ArielInvestments,etc.)launchedneworfollow-onsports-focusedfundsandventure/growthinvestorsaddedmeaningfuldrypowderviaApexCapital’s$350MgrowthfundandMonarchCollective’s$250Mdebutfund.CVClaunchedGlobalSportsGroup,consolidating$13.6BinassetsincludingLaLiga,Ligue1,SixNations,VolleyballWorld,UnitedRugbyChampionshipandWTAVenturesforblockbusterbundledrightsandsponsorships.•PublicmarketsIPOsre-openedwithComcastlistingVersantasaseparateentityandStubHub’s$800MIPO,alongsideabroadwaveofdebtrefinancingsacrosskeyindustryplayersincludingEntain,Flutter,77黔PRIZEPICKSzntainFlutterMARl人ASGALPINEkalshiAPOLLO⃞AlumniventuyresRECORDDEALACTIVITYIN2025MergersandAcquisitions($B)455450$156.0B324$71.8B$27.0B202320242025ValueTotalDealCountDrakeStardidnotactasfinancialadvisorontransactionslistedonthispageSource:Pitchbook,DrakeStarResearch*DrAkesTARNote:DrakeStardidnotactasfinancialadvisorontransactionslistedonthispageSource:Pitchbook,DrakeStarResearchprivateplacements($B)$14.3B$5.7B$4.5B202320242025BigDeal2TotalDealCountM&AACTIVITY:202545OANNOUNCEDDEALSAND$156.OBINDISCLOSEDDEALVALUE$90BTotal–450 Total-450Total-$156.0BDEALVALUEBYSEGMENTSource:Source:Pitchbook,DrakeStarResearchNote:Figuresincludedealsthatwereannounced.DrakeStardidnotactasfinancialadvisorontransactionslistedonthispage.dralkestar,conn.dra.dralkestar,connTOP1ODISCLOSEDM&ATRANSACTIONS450DEALSAND$156.OBINDISCLOSEDDEALACTIVTYEV/REV.EV/EBITDAACQURERCOMPANYCOUNTRYSUBSECTOREVDATEACQUREV/REV.EV/EBITDAACQURERCOMPANYCOUNTRYSUBSECTOREVDATE$82,700.05.0x23.3xDec-25Media$82,700.05.0x23.3xDec-25Broadcasting$55,000.07.4x29.7xSIYERLAKESep-25Fantasy,$55,000.07.4x29.7xSIYERLAKESep-25$5,400.02.9x9.6xOct-25Fantasy,Esports&Betting$5,400.02.9x9.6xOct-25$4,150.04.8x12.2xSep-25Fantasy,Esports&$4,150.04.8x12.2xSep-25$1,500.08.2xMay-25--Sponsorships&Venues$1,500.08.2xMay-25--Sponsorships&Venues$1,300.0Nov-25Sponsorships&Venues$1,100.00.6x3.3xNov-25Sponsorships&Venues$1,000.0Nov-25Fantasy,Esports&Betting$250.0Oct-25$90.211.1x*Oct-25--$90.211.1x*Oct-25--Note:DrakeStardidnotactasfin*ImpectmultiplecalculatedbasedonACVCONTINUEDLARGEINFLOWOFPRIVATECAPITALIN2025500ANNOUNCEDDEALSAND$14.3BINDISCLOSEDDEALVALUEDEALVALUEANDDEALCOUNT$1.4B$1.2BDEALCOUNTBYSTAGETotal–500272761412DEALVALUEBYSTAGETotal-$14.3B$2.1B$3.9B$8.4BDEALVALUEBYSEGMENT.dralkestar,conntoconsolidate$13.6BoftheirexistingsportspropertieswhichincludesinvestmentsinLaLiga,LiWorld,theUnitedRugbyChampio•Theconsolidationofsportsproperopportunitiesforbundledrightsandcross-propertysponsorshipsandtoallowCVCtonegotiateeffectivelywithbroa•TheGlobalSportsacrosssportsleaguesandgexploringrefinancingandexternalfinSPORTSTECH-FOCUSEDPEFUNDRAISING2025$10.4B+OFNEWCAPITALRAISED※DRAKESTARSource:DrakeStarResearch※DRAKESTARSource:DrakeStarResearchAPOLLO$5.00BAPOLLO$5.00B$1.00B••ApolloGlobalManagementlaunchesapsportsinvestmentvehiclewhichwillprimalong-termcapitaltosportsclubsconsideringowningstakesinsportstea•InQ4,ApollobecameamajoritysharaleadingsoccerLaLigaclub.Additionally,ApolloaminoritystakeofWrexhamAFCandprovidedfinancredevelopmentofthestadium.intersectionbetweensportsQualtricsfounderRyanSmithandAccel’sRfundaimstoinvestintwodozenstartupswimediaandsportsindustrieswhic“ExperienceEconomy.”monthsofthefundlauncha$1.20B$1.20B••CynosureICheccommitmentsforupto$1.2Btoinvestinsportsprofessional/collegiatesportsteams,leagues,venues/facilities,•Theprivateequityfundresultedfromastraprofessionalsportsteams,andTheCyinvestmentfundfoundedbythelongstandingsupportofUtaTOP2025ANNOUNCEDPEFUNDSFUNDFUNDTOP2025ANNOUNCEDPEFUNDSFUNDFUNDAMOUNT($M)LOCATIONAPOLLO$5,000DaveChecketts$1,200$1,000$1,000$775+*$750$500$100$50*AmountraisedfromCalPERS,notthetotalamountofthefundSPORTSTECH-FOCUSEDVCFUNDRAISING2025$1.5B+OFNEWCAPITALRAISED※DRAKESTARSource:DrakeStarResearch※DRAKESTARSource:DrakeStarResearch$350M$150M$350M$150M••Portugal-basedApexCgrowthprivateequitystakesinteams,leagues,andavarietyofothersportsassApexCapitalisaimingtodeploy$15-50Mtickets•Apexintendstoallocate70%ofthenmid-sizeassets,15%forsportcompanies'buyremainder15%inestablishedspor••ChironSportswilldeploycapitalsolutionsacrosscollegesandconadditiontogrowthequityinvestmentsinsportse•Legacy25isalsopartnerincludingJump,VegaSportsIntelligence,CollegeSporYBVR,andCSMGtoofferschoolsexclusivedealterms.A$150M$250MA$150M$250M••MonarchCollectiveclosestheirfirstdinvestacrossthewomensportsecosystem.Monarchaimstomakelessthan8investmentsfromthisfundfocusedonopportunitiesacrossteams,leagues,andmediarights.•MonarchhasalreadygstakepositionsinthreeNWSLfranchiseswhichincl••SharpAlphaAdvisorsannouncedtheclosingofa$150Mfundintendingtoprovidenon-dilutivefinancingacrosssporonlinegaming,predictionmarkets,ecommerce,healthawellness,andinteractiveentertainmentcompanies.Thefundaimstodeploy$4-$30Minvestmentsingrowthstageco•Thefundingunderwritestheirnon-dilutivefinancincohort-basedapproachthatalignscapitaldeploymentwithuseracquisitionoutcomes.Thefundistargetingcompaniesthatare*Targetamountforfund;notnecessTOP2025ANNOUNCEDVCFUNDSFUNDFUNDAMOUNT*Targetamountforfund;notnecessTOP2025ANNOUNCEDVCFUNDSFUNDFUNDAMOUNT($M)LOCATION$350$250$150$100$100$100$75$68$50$40--TOP1ODISCLOSEDFUNDINGROUNDS5O0DEALSAND$14.3BINDISCLOSEDDEALACTIVITYCOMPANYOct-25$2,414.0$11,140.0Media&Oct-25$2,414.0$11,140.0Oct-25$9,000.0$2,200.0Fantasy,Oct-25$9,000.0$2,200.0APOLLOMARlOct-25$2,000.0--FanEngagement/ExperienceAPOLLOMARlOct-25$2,000.0--kalshi$1,485.0Dec-25$11,000.0Fantasy,kalshi$1,485.0Dec-25$11,000.0 -·Media&Broadcasting$700.0--26NORTH*Oct-25Sponsorships&Venues$500.0--Dec-25Wearables&Perf.Enhancement$350.0--Oct-25Wearables&Perf.Enhancement$235.0$1,235.0Jun-25$650.0Apr-25$120.0Fan$650.0Apr-25$120.0(1)Postvaluationbasedoninfo.dralkestar,conn.dralkestar,connSPORTSTECHLEAGUETABLESTOP10MQSTACTIVEINVESTORSOF2025ACTIVEEARLYACTIVEEARLYTOLATEINVESTORSINVESTORDEALSSELECTINVESTMENTSSTAGELOCATIONACTIVESEEDFOCUSEDINVESTORSINVESTORDEALSSELECTINVESTMENTSSTAGELOCATION⃞AlumniventuresSeedtoEarly6SeedtoEarly5IscoreplaySeedtoEarly5SeedtoEarly5SeedtoEarly4SeedtoEarly4SeedtoEarly4SeedtoEarly4poolSeedtoEarly3/VOWSeedtoEarly7EarlytoLate5EarlytoLate4EarlytoLate4SeedtoLate4EarlytoLate4EarlytoLate4JABBRSeedtoLate4EarlytoLate3EarlytoLate3sscoreplayEarlytoLateNote:DrakeStardidnotactasfinancial兴DRAKESTARNote:DrakeStardidnotactasfinancialSPORTSTECHKEYHEADLINESStreaming&StudiosdivisionofWarnerBrosDiscoveryfor$82.7BtobolstertheagloballyrecognizedstreamingStreaming&StudiosdivisionofWarnerBrosDiscoveryfor$82.7Btobolstertheagloballyrecognizedstreaming⃞Baincapital••••BanijayGroupacquiresa65%leadingEuropeanproviderofsportsbettingandonlinegamingoBainCapitalacquiresConcertGolfPartnersfromClearlakeCapitalvtermstrategyofconsolidatingandoperatingprivategolfanLeonardGreenagreestoacquirea60%majoritystakeoftheTopgolfdivisionallowingCallawaytofocusontheircoregolfequipmentandactivelifestogetexposureintothesportsMARlAPOLLOARES•MARIraised$2.0BinequityfromApolloGlobalManagement,amongstotherinvestorstohouseliveentertainmentexper•Polymarketraised$2.0BfromIntcollaboratewithPolymarketonwidespreadpredictionmarketdatadistribukalshi•Kalshiraised$1.0BSeriesEatan$11.26NORTH*•theirleadingpredictionmarkNEPGroupraiseda$7•manageathleticdepartmentrevenuestreamsincludingcorporatesponsorships,ticketing,trademarks,licensing,andevent-reSpinoff•ComcastannouncedBoardapprovalfortheproposedspinoffofVersantMediaGroupassetsalongwithotherassetssuchasSportsEngine,Go•AcushnetHoldings,aleadingmanufacturerofgolfequipmentandapp三十ENHANCED•Enhanced,acompanyfocusedonsportsperformaAcquisitionCompany.Transactionproceedswillbe•FOXFactory,aleadingmanufacturerofsuspensioncomponentsNote:DrakeStardidnotactasfinancialSources:Pitchbook,CapitalIQ,neM&AACTIVITY:Q42025121ANNOUNCEDDEALSAND$89.7BINDISCLOSEDDEALVALUE 6Wearables&Total-$89.7BVenues Total-$89.7B.dralkestar,connSELECTM&ADEALS:Q42025121DEALSAND$89.7BINDISCLOSEDDEALACTIV1TY*人ASGALPINEACQUISITION*人ASGALPINEACQUISITIONBY•ASG,averticalSaaSacquirerbackedbyAlpineInvestors,agreedtoacquirePlayHQ,anAustralianbasedyouthsportsmanagementandtournamentsoftwareprovider.•TheacquisitionwillallowPlayHQtoexpandintointernationalmarketsoutsideofAustraliabyleveragingASG’sexpertiseingrowingverticalSaaScompanies.December2025$90.2M$90.2MACQUISITIONBY•CatapulthasacquiredImpect,aGermany-basedsoccerscoutingandtacticalanalyticssoftwareprovider,forupto$90.2M.•TheacquisitioncomplementsCatapult’sexistingathleteperformanceandvideoanalysisportfoliostocross-selladvancedscoutingandtacticalsoccerdata.October2025$82.7B$82.7BACQUISITIONBY•NetflixagreedtoacquiretheStreaming&StudiosdivisionofWarnerBrosDiscoveryfor$82.7B.ThisdivisionconsistsofHBOandtheWBmoviesbusiness.•TheacquisitiongivesNetflixaccesstotheentireWarnerBros’contentlibrary,filmstudiolot,andHBOMaxtobolstertheirpositionasthe#1streamingprovidergloballyDecember2025ACQUISITIONACQUISITIONBY•GoldmanSachs’PEarmagreestotakeamajoritystakeinExcelSportsManagement,aleadingtalentagencywithclientsspanningacrossmarqueesportsproperties,valuingthebusinessatnearly$1B.•ThistransactionallowsExcelleveragetheGoldmanSachsnetworkofadvisorsandconnectionsacrossthesportsecosystemasentertheirnextstageofgrowth.November2025*DrakeStarservedastheexclusivefinancialadvis..••DraftKingshasagreedtoacquireRailbird,aUS-basedCFTCfederallylicensedpredictionmarketsplatform,forupto$250M.•ThisacquisitionsignifiesagrowingtrendoftraditionalsportsbooksprovidersenteringpredictionmarketstocompeteagainstPolymarketandKalshi.October2025$250MACQUISITIONBY•SonyhasacquiredamajorityshareofStatSports,anindustryleadingproviderofathletemonitoringsolutionsandperformanceanalysisto800topsportsclubs.•TheacquisitionexpandsSony’sexistingsportsbusinessesportfoliotocontroltheentireverticallayerofsports-datatoincludewearablestocomplementofficiatingandfanengagementsolutions.October2025ACQUISITIONBYPRIVATEPLACEMENTSACTIVITY:Q42025116ANNOUNCEDDEALSAND$8.8BINDISCLOSEDDEALVALUEDealCount-116DealDealCount-1169Wearables&VenuesTotal-$8.8B.dralkestar,connSELECTPRIVATEPLACEMENTS:Q42025116DEALSAND$8.8BINDISCLOSEDFUNDINGAPOLLOARESAPOLLOARES$2.0B•MARI,aneweventsholdingcompanyhousingsignificanttennistournaments,auctions,andartfairs,raised$2BfromApollo,Ares,Redbird,QIAamongstothernotableinvestors.•ThisfinancingisexpectedtoexpandMARI’sabilitytocontinueexpandingtheirportfolioofmarqueeliveeventsandeventinfrastructure.October2025MARl26NORTH*26NORTH*$700M•NEPGroup,aproviderofmediaandtechsolutionsforliveentertainmentandsportingevents,raised$700Mledby26NorthwithparticipationfromTheCarlyleGroupwhichisanexistingsponsor.•TheinvestmentallowsNEPtocontinuescalingwhilealsoleveragingtheexistingsportandliveeventpropertiesassociatedwith26North.October2025$2.0B$2.0B•Polymarket,aleadingproviderofpredictionmarketsraiseda$2BcashinvestmentfromIntercontinentalExchange(ICE),theparentcompanyoftheNYSE.•ThisinvestmentwillgiveICEaccesstodistributePolymarket’sevent-baseddataintothemainstreamglobally.ICEandPolymarketwillalsocollaborateontokenizationinitiatives.October2025$60M$60M•SkillCorner,aprovideroftrackingandcontextualperformancedataforsports,raiseda$60MgrowthinvestmentledbySilversmithCapitalPartners.•ThefundingwillbeusedtoaccelerateSkillCorner’smulti-sportproductofferinginadditiontofurtheringtheirexpansionintoNorthAmericansportsandleagues.December2025Note:Note:DrakeStardidnotactasfinankalshikalshi$1.3B•Kalshi,aleadingproviderofpredictionmarketsraised$1BinSeriesEfundingledbyParadigminDecemberinadditiontotheir$300MSeriesDroundinOctober.•ThisfinancingwillallowKalshitoacceleratecustomeradoptionandtocontinueexpandingpartnershipsacrosssports,news,andpolitics.December2025GreyGreycroftGTMfund$40M$40M•FastbreakAI,aleadingAI-poweredsportsoperationssoftwareprovider,raised$40MinSeriesAfundingledbyGreycroftandGTMfundwithparticipationfromtheNHL,NBA,andTMRWSportsamongstothers.•Fastbreakwillutilizethisfundingtocontinueproductinnovationandtoexpandtheadoptionoftheirproductsattheamateurandyouthlevel..dralk.dralkestar,connPUBLICSPORTSTECHPERFORMANCEJan25Mar25May25Jul25Sep25Nov25AthletePerformance/Analytics,19.74%PastperformancedoesnotguaranteefSource:CapitalIQasofDecem(1)RepresentstheStockPriceDigitalMedia/OTT/Content=Roku,TKOGroupHoldings,MadisonSportsFranchises=FormulaOneGroup,ManchesterUnited,JuventusFootballClub,BAthletePerformance/Analytics=Garmin,PelotonInteractive,LifeTime,XponentialFitness,Daktronics,CatapultGroupFantasy/Esports/Betting=FlutterEntertainment,DraftKings,CaesersEntertainment,ChurchilPastperformancedoesnotguaranteefutureresults.Thisisnotarecommendationtobuyorsellanyspecificsecurity.Source:CapitalIQasofDecember31,202522DigitalMedia/OTT/Content=Roku,TKOGroupHoldings,MadisonSquareGardenSports,BanijayEntertainment,SphereEntertainment,fuboTV,CatenaMedia,VersantMedia22SportsFranchises=FormulaOneGroup,ManchesterUnited,JuventusFootballClub,BorussiaDortmund,Celticplc,AtlantaBravesHoldings,AFCAjaxAthletePerformance/Analytics=Garmin,PelotonInteractive,LifeTime,XponentialFitness,Daktronics,CatapultGroup,GeniusSports,SportradarGroup,Technogym,PlanetFitness,CallawayGolfCompany,KopinFantasy/Esports/Betting=FlutterEntertainment,DraftKings,CaesersEntertainment,ChurchillDowns,Entain,Light&Wonder,PennEntertainment,Lottomaticagroup,BetterCollective,RushStreetInteractive,SkillzPUBLICMARKETVALUATIONSDIG1TALMEDIA/OTT/CONTENTANDSPORTSFRANCHISESEV/EBITDAPrice/EarningsRevenueGrVSNTAFCAjaxAJAX.dralkestar,con23ATHLETEPERFORMANCE/ANALYTICSANDESPORTS/FANTASYSPORTS/BETTINGEV/EBITDAPrice/EarningsRevenGarminGRMNCH27-Sep-25$202.85PelotonInteractiveLifeTimeLTHUSXponentialFitnessXPOFUSDaktronicsCatapultGroupCATAUGeniusSportsGENIGB30-SepSportradarGroupSRADCH30-Sep-25TechnogymTGYMIT30-Jun-25$18.95$3,774.PlanetFitnessCallawayGolfCompanyCALYUS30-Sep-2KopinKOPNFlutterEntertainmentFLTRUS30-Sep-2DraftKingsDKNGCaesarsEntertainmentCZRUS30-Sep-25$23.3ChurchillDownsInc.CHDNEntainLight&WonderLNWUSPennEntertainmentLottomaticaGroupLTMCITBetterCollectiveBETCODKRushStreetInteractiveRSISkillzSKLZCN30-Sep-25.dralkestar,con24MARKETOUTLOOK•2025wasabanneryearunprecedentedteamvaluations(Lakers$10B,Celtics$6.1B),blockbustermediaofinstitutionalcapital(20+NBAminoriadd-onacquisitions)aresuperactivwavethroughsmalltomidsizedacquisitionsacrosssportstechverticals.•WithalargeamountofdrytheM&AmarketwithinstitutionalcapitalfindingsportsandsportsadjacentverticalsasprovideoutsizedreturnsandbringfurtherprofessionalizationtotheannouncementtoacquireWarnerBrosDiscovery,andthestrategicswillfurthercapitalizeonanincreasinglyfavorableregulatoryclimathevaluationexpectationgapsnarrowsandthecostofcapitalcontinue•WesawastrongwaveofconsolidationinYouthamplifyinthesemarkets.Furthermore,theinsfollowingtheHousev.NCAAsettlementwillattra•2025’srecord$12B+ofinstitutionadeals.AI,collegesports/NIL,performanceanalytics,emergingleagues,andfaneng•Onthemacroside,improvingsenVersantandStubHubalreNote:ProjectionsarenotguarSPORTSTECHMARKETMAPMEDIAPUBLICATIONSMEDIAPUBLICATIONS&BROADCASTINGBOARDROOMl⃞FootballcoLIVESPORTSPORTSPRODUCTIONTECHSPORTSPRODUCTIONTECHuniqFEED'dleltatreFANENGAGEMENTSERVICEPROVIDERSLearfieldfourthwall.愈QuigrF。RTRESSqlacscoreplayekko5aRIGHTSOWNERSFIFAWNASCAASPORTSOTTCONTENTPROVIDERSfu心9"hulyBALLSPORTSOTTCONTENTPROVIDERSfu心9"hulyBALLER7FlospoRTSSPONSORSHIPS/NILAuthority.STRICTLYC○NFIDENTIAAuthority.anappointedrepresentativeofKessionCapital.dralkestar,connSPORTSTECHMARKETMAPESPORTS/FANTASYSPORTS/iGAMINGbscov乡skllzESPORTS/FANTASYSPORTS/iGAMINGbscov乡skllzLucrnVENUE/CRM/ORGANIZATIONALSOFTWAREBONDidigifood.STIS!8sconevsonAMPLIFicAM'PERFORMANCEANALYTICSWOMEN’SSPORTSDIGITALSPORTSAGENCIESFANENGAGEMENTCONTENTPLATFORMSENDEAVORWOMEN’SSPORTSDIGITALSPORTSAGENCIESFANENGAGEMENTCONTENTPLATFORMSENDEAVORBUwaitTimeAsportradarDATAAN