2026年第一季度体育科技报告

.dra.dralkestar,connSPORTSTECHMARKETQ12026NEWYORKILONDONILOSANGELESIPARISIMUNICH22PARTNERPARTNERPARTNERCHIEFSTRATEGYOFFICERPARTNER EXCLUSIVEINTERVIEW4ANNUALMEDIAANDENTERTAINMENTSUMMTC-SU1TEEVENTFORSPORTS,MEDIAANDENTERTAINMENTINVESTMENTINDUSTRY•Preeminent,“must-attend”eventforsports,mediaandentertainmentprofessionals•200+invitation-onlyC-Suiteattendeescomprisedofleadinggrowthstagefirms,strategicbuyers,VentureCapitalandPrivateEquityfirmsSELECTATTENDEESSELECTATTENDEES⃞BaincapitalbgrwwnDRAKESTARshuterstr,ck-tnwspoRTSKKRDMGTSummitSummitPANELISTSPANELISTSpeterpeterFrintzillasCEpatrikpatrikolssonCEOTimTimMackinnonCEOGregoryGregoryBedrosianDRAKESTARCEORobRobFreemanpartner&coHeadproskauer》AshishDesaiEVPAshishDesaiEVPNBcuniversalJeffRothJeffRothsamsamHallsMedhinisrinivasanprincipalMedhinisrinivasanprincipalRyanMooreFounderRyanMooreFounder5.dralkestar,conn566STRONGDEALACTIVITYINSPORTSTECHTHRIVINGM&AMARKET!Total–$130.6BTotal–$130.6BTotal–239Note:M&Adealsincludeannouncedand/orcloseddealsQ1,26SUMMARY•Withover$130Bindisclosedvalueacross239deals,Q1’26wasanotherblockbusterquarter,withmega-capmediatransactions,activeplatformM&A,substantialgrowthcapitalconvergingacrosstheecosystemandcontinuedstrongconsolidationmomentuminsmalltomidsizesegment.•Record-valueIPLfranchisesales(RCBatabout$1.78BandRRatroughly$1.63B)plusCVC’sover$4BGlobalSportGroupfinancinginQ1furtherunderscoressports’rapidinstitutionalization,acceleratingcapitalintomedia,dataandfan-engagementinfrastructurearoundpremiumrights.•M&Aactivitycontinuestobestrongwithover$115Bindiscloseddealvalueover107announceddeals.Largestrategicandbuy-and-builddealsunderpinnedactivity,includingParamountSkydancefinallywinningthebiddingwaronWarnerBros($110B),Playlist’smergerwithEGYM(combinedentityvaluedat$7.5B),GeniusSports’acquisitionofLegend($1.2B),GTCR’splatformplayinyouthsportswithLiveBarnandTeamworks’acquisitionofProFootballFocus’senterprisebusiness.•$2.9Binprivatefinancingswereraisedover117fundraises,closelytrackingtothenumbersfromQ1lastyear.Growthandlate-stagefinancingsremainedrobust,ledbyKalshi’s$1Bround(~22Bvaluation),Polymarket’s$600MstrategicinvestmentfromICE,WHOOP’s$575MSeriesG($10Bvaluation),Novig’s$75MSeriesB,andadditionalcapitalintofanengagementandperformanceplatformssuchasKingsLeague($63M)andTemple($54M).•80%offinancingdealswereforearly-stagecompanies,reinforcinginvestorinterestinthesportstechgrowthandgrassrootlevelinvestments.Topinvestors(last12months)focusedonearly-to-late-stagefinancingsincludeDiscerningCapital,Forerunner,LeadandBoltVentures,whileseedstageinvestmentactivitywasledbyAlumniVentures,ElysianParkVentures,andGCV.•Sportstechcontinuestoattractconsistentinflowofcapitalwithover$4Bofnew,sports-focusedfundsandmandatesinQ1,includingOtroCapital’s$1.2Bdebutbuyoutfund,BruinCapitaldoublingdownwith$1Bnewfunds(N26andTJC)andAthvanceCapital’stargeted$585Mfundforemergingandunder-commercializedsportsassets.•Inpublicmarkets,Versant,theComcastspin-off,wentpublic,creatinganewpure-play,sports-adjacentmediaplatform,raising~3.8BindebtwithamajorchunkofitusedtopaybackComcastandANTASportsbecamethelargestshareholderinPuma,acquiring29.06%for$1.8B.Source:Pitchbook,CapitalIQSource:Pitchbook,CapitalIQai.ioHunaINkalshiCOATUEVERS人NTBlackstoneGTCRTEMPLEEGYM。VIG.dralkestar,connSPORTSTECHKEYHEADLINESQl2026EGYMGTCRLeEanGTCRai.iokalshiCOATUE TEMPLE呢eakxv•WarnerBros.DiscobyParamountSkydanceatanenterprisevalueo•EGYM,thefitnesstechnologycompanyofferingsmartgymequipment,connectedtrainingsoftware,andcorporatewellnannouncedamergerwithPlaylistinatransactionvaluingthetransactionvaluedatupto$1.2B.•LiveBarnwasacquiredbyGTCR-backedAscentSportsGr•ProFootballFocus’senterprisebusinessw•ai.io,anAIscoutinganddevelopmentapp,wasacquiredthroughacontr$22B,toaccelerateusergrowthandplatfor•Polymarket,aleadingpredicticompanyoftheNewYorkStockExchange,toexpandofapproximately$10.1B,tosupportglobalapproximately$500M,toaccelerateproductdevelopmentandplatf•Temple,abrain-monitoringwearablestartup,raised$54Minafriends-and-familyrounandPeakXVPartnersatavaluationofapproximately$1••••Spin-OffCVCCapitalPartners’GlobalSportGroups••••Spin-OffVERS人NTVersantraisedapproximately$3.8Bintotaldebtofwhich$contributedinrelationtothespin-off.VERS人NTANTASportsacquireda29.06%stakeinPumafromGroupeArtémisfor€1globalsportsandliveentertainmente8Note:DrakeStardidnotactasfinancial8Sources:Pitchbook,CapitalIQ,neM&AACTIVITY:Q12026STRONGM&ADEALACTIVTYWTH107ANNOUNCEDDEALSDEALCOUNTBYSEGMENTTotal-1077DEALVALUEBYGEO*DEALDEALVALUEBYGEO*Total-Total-1077DEALVALUEBYSEGMENTSource:Pitchbook,CapitalSource:Pitchbook,CapitalIQNote:M&AdealsincludDrakeStardidnotactasfinancialadvisor.dralkestar,connSELECTM&ADEALS:Q12026107DEALSAND$114.6BINDISCLOSEDDEALACTIVITY$110B$110BACQUISITIONBY•ParamountSkydanceenteredintoadefinitiveagreementtoacquireWarnerBros.Discovery,valuingWBDatapproximately$81Binequityvalue.•Thetransactionisbackedby$47Bofnewequityand$54Bofdebtcommitments,andisexpectedtocreateabroadersportsandmediaportfoliospanningCBSSports,TNTSports,andEurosport.February2026ACQEQ\*jc3\*hps19\o\al(\s\up3($),U)4IEQ\*jc3\*hps19\o\al(\s\up3(0),S)IEQ\*jc3\*hps19\o\al(\s\up3(0),T)IEQ\*jc3\*hps19\o\al(\s\up4(M),O)NBYGTCR•LiveBarn,aproviderofliveandon-demandvideoandanalyticsforyouthandamateursports,wasacquiredbyGTCR-backedAscentSportsGroupinadealreportedlyvaluedatapproximately$400M.•ThedealmarkedAscent’sfirstacquisitionfollowingitsformationbyGTCRandGarySwidler,withAresCreditremaininganinvestorinLiveBarnpost-transaction.March2026$2.5B*$2.5B*•Playlist,theparentcompanyofMindbody,Booker,andClassPass,announcedamergerwithEGYMinatransactionvaluingthecombinedenterpriseat$7.5B.•Thetransactionincluded$785MofnewequityfinancingledbyAffinityPartners,withparticipationfromVistaEquityPartners,Temasek,andLCatterton.EGYMbecameasubsidiaryofPlaylistuponclosing.January2026ilpLAYLISTEGYM~$100M~$100MACQUISITIONBY•TeamworksacquiredProFootballFocus’senterprisebusiness,includingitsfootballdataandanalyticsplatformusedbyNFLteamsandcollegiateprograms.•PFF’sconsumerbusinessremainedindependent,whileCrisCollinsworthandPFF’sminorityinvestorsbecameTeamworksshareholdersthroughthetransaction.March2026Source:Pitchbook,CapitalISource:Pitchbook,CapitalI化eceND化eceNDACQUISITIONBY•GeniusSportsenteredintoadefinitiveagreementtoacquireLegend,aglobaldigitalsportsandgamingmedianetwork,inatransactionvaluedatupto$1.2B.•Theconsiderationincludes$900Mpayableatclosingandanearnoutofupto$300M,withtheacquisitionexpectedtoexpandGeniusSports’mediaandadvertisingcapabilities.February2026ai.ioACQUISITIONai.io•HUMAIN,aPIF-backedAIcompany,acquiredacontrollingstakeinai.io,aLondon-basedAIandsportstechnologycompany,andlaunchedHUMAINSport.•TheacquisitionestablishedHUMAIN’ssportstechnologyverticalandisintendedtoacceleratethedeploymentofAI-drivensportssolutionsinSaudiArabiaandinternationalmarkets.February2026*EstimateddealsizeTOP1OM&ATRANSACTIONSFanEngagement/ExperienceFanEngagement/ExperienceFeb-26*Wearables&PerformanceEnhancement*Wearables&PerformanceEnhancementJan-26ipLAYLIST----化eceNDMedia&Broadcasting化eceNDMedia&Broadcasting4.1x8.0xFeb-26GTCRLeEarnMedia&BroadcastingGTCRLeEarnMedia&BroadcastingMar-26---- Media&Broadcasting------Feb-26Media&Broadcasting------Jan-26DataAnalytics------Jan-26Media&Broadcasting------Jan-2640DoublepointWearables&PerformanceEnhancement------Mar-26‘26Ebasis*EstimateddealsizeNote:DrakeStardid‘26Ebasis*EstimateddealsizeNote:DrakeStardidnotactasfinPRIVATEPLACEMENTSACTIVITY:Q12026$2.9BINVESTEDIN117DEALSDEALCOUNTBYSTAGETotal-1177DEALCOUNTBYSEGMENTTotal-117alDEALVALUEBYSTAGETotal-$2.9BDEALVALUEBYSEGMENTNote:DrakeStardidnotactasfinanSource:Pitchbook,newspublications,pressr.dralkestar,connSELECTPRIVATEPLACEMENTS:Q12026117DEALSAND$2.9BINDISCLOSEDFUNDING$1B$1B•Kalshi,aleadingpredictionmarketplatform,raisedapproximately$1BinafundingroundledbyCoatueManagementatavaluationofabout$22B.•Thecompanyhasseenrapidgrowthinevent-basedtrading,withweeklyvolumessurpassing$1Baspredictionmarketsgainmainstreamadoption.March2026kalshiCOATUE$75M$75M•Novig,afast-growingsportspredictionmarketplatform,raised$75MinaSeriesBroundledbyPanteraCapitalatavaluationofapproximately$500M.•Thecompanyoffersapeer-to-peersportspredictionmarketplacewithzerohouseedge,allowinguserstotradedirectlyagainstoneanotherratherthanabookmaker.February2026$600M$600M•IntercontinentalExchange,theparentcompanyoftheNewYorkStockExchange,invested$600MinpredictionmarketplatformPolymarketaspartofitslatestfundinground•Theplatformhasseenrapidgrowthinevent-basedtrading,withover$21Bintradingvolumerecordedin2025.March2026$63M$63M•KingsLeague,acreator-ledsportscompetitionfoundedbyGerardPiqué,raised$63MinafundingroundledbyAlignmentGrowth.•TheinvestmentwillsupportKingsLeague'snextphaseofgrowth,aimedatexpandingtheKingsLeagueandQueensLeagueplatformsglobally,includinglaunchingintheU.S.February2026Source:Pitchbook,newspublications,pressrNote:DrakeStardidnotactasfinanSource:Pitchbook,newspublications,pressr••WHOOP,aleadingwearablehealthandfitnesscompany,raised$575MinaSeriesGfundingroundledbyCollaborativeFundatavaluationofapproximately$10.1B.•ThefundingwillhelpthecompanyexpandacrossEurope,theGCC,LatinAmerica,andAsia,aswellasfuelingfurtherU.S.growth.March2026$575M•Temple,abrain-monitoringwearablestartup,raised$54Minafriends-and-familyroundincludingSteadviewCapital,InfoEdgeVentures,andPeakXVPartnersatavaluationofapproximately$190M.•Thecompanyisdevelopingawearablefocusedontrackingcerebralbloodflowandneurologicalsignals,targetingperformanceoptimization.February2026$54MTEMPLETOP1OTOP1ODISCLOSEDFUNDINGROUNDSQl2026VALUATION(1)VALUATION(1)kalshiCOATUEkalshiCOATUE$22,000Mar-26Fantasy,Esports&BettingMar-26Fantasy,Esports&Betting--Wearables&PerformanceEnhancement$10,100Mar-26$500Feb-26Fantasy,$500Feb-26Fantasy,Esports&Betting Wearables&PerformanceEnhancement$54$190Feb-26Wearables&PerformanceEnhancement$50$1,500tether.Mar-26Wearables&PerformanceEnhancement$47$1,600Mar-26DataAnalytics$45--Mar-26Fantasy,Esports&Betting$35--Jan-26.dralkestar,conn.dralkestar,conn(2)Note:Selecteddealsonly.DrakeSource:Pitchbook,newspublications,pressrSPORTSFOCUSEDFUNDRAISINGQ12026$4B+OFCAPITALINANNOUNCEDNEWFUNDSSELECTQ12026ANNOUNCEDFUNDSOtroCapital,theNewYork-basedoperator-ledprivateequitOtroCapital,theNewYork-basedoperator-ledprivateequitglobally.Thefundtargetscash-flowalreadydeployedcapitalintoAlpineRacing,TwoCircles,andFlexWorkSpornew$1Bstrategicpartnershipbackedby26North,TJC,andothesupport,andgrowbusinessesacrosstheglobalsportsec“second-levelenablers”providingtechnology,data,media,andcommercialservicestoteams,leagues,federations,andrightsholders.JPMorganbankerKarimBenRejeb,istargetinga€500investinginemergingandunder-commercializedsportsassetsaemphasisonscalingsportsIP,media,andinfrastructurebus*Targetamountforfund;notnecessPrivateEquityPrivateEquity585*PrivateEquity500*PrivateEquity500+*PrivateEquityPrivateEquity--PrivateEquitySPORTSTECHLEAGUETABLESTOP10INVESTORSLTMMARCH2026ACTIVEEARLYACTIVEEARLYTOLATEINVESTORSINVESTORDEALSSELECTINVESTMENTSSTAGELOCATIONACTIVESEEDFOCUSEDINVESTORSINVESTORDEALSSELECTINVESTMENTSSTAGELOCATIONSeedtoEarly6SeedtoEarly5SeedtoEarly5SeedtoEarly5SeedtoEarly5SeedtoEarly4SeedtoEarly4SeedtoEarly3SeedtoEarly3nstakcSeedtoEarly5outlierEarlytoLate5EarlytoLate5EarlytoLate4EarlytoLate4EarlytoLate3EarlytoLate3EarlytoLate3EarlytoLate3EarlytoLate2EarlytoLateNote:DrakeStardidnotactasfinancialSource:Pitchbook,CapIQ,DrakeStaranalMARKETOUTLOOK•2026hasstartedwithexceptionalmomentumforsportstech,withover$13transactionsinQ1alone,underscoringthatsportsc•InstitutionalcapitalcontinuGlobalSportGroupfinancing,andmo•Withsignificantdrypowderavailable,privateequitandadd-onacquisitionsinyouthsports,mediainfrastructure,fanengagement•Strategicsalsoremainacquisitiveascompaniesseekbroaderppremiumrights,whichshouldsupportfurtherconsolidationacrossmedia,productionenablementplatforms.late-stagedemandledbyKalshi,Polymarke•Predictionmarkets,wearables/performancetech,youthsportsinfrastructuareemergingassomeofthemostcompellingthemes,supportedbyl•Publicmarketconditionsremainconstmoveoverthelasttwelvemonths,supportiveacrosskeysubsect•Lookingahead,thesportstechmarkettomid-sizedassets,andamorematNote:Projectionsarenotguar.dralkestar,conn.dralkestar,connPUBLICSPORTSTECHPERFORMANCEMar25May25Jul25Sep25Nov25Jan26PastperformancedoesnotguaranteefSource:CapitalIQasofMarch(1)RepresentstheStockPriceChangeBetweeDigitalMedia/OTT/Content=Roku,TKOGroupHoldings,MadisonSportsFranchises=FormulaOneGroup,ManchesterUnited,JuventusFootballClub,BAthletePerformance/Analytics=Garmin,PelotonInteractive,LifeTime,XponentialFitness,Daktronics,CatapultGroup,GeniuFantasy/Esports/Betting=FlutterEntertainment,DraftKings,CaesersEntertainment,ChurchillDownPastperformancedoesnotguaranteefutureresults.Thisisnotarecommendationtobuyorsellanyspecificsecurity.Source:CapitalIQasofMarch31,2026DigitalMedia/OTT/Content=Roku,TKOGroupHoldings,MadisonSquareGardenSports,BanijayEntertainment,SphereEntertainment,fuboTV,CatenaMedia,VersantMediaSportsFranchises=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,RushStreetInteractivePUBLICMARKETVALUATIONSDIG1TALMEDIA/OTT/CONTENTANDSPORTSFRANCHISESEV/EBITDAPrice/EarningsRevenueGrVSNTAFCAjaxAJAXPastperformancedoes.dralkestar,con20ATHLETEPERFORMANCE/ANALYTICSANDESPORTS/FANTASYSPORTS/BETTINGEV/EBITDAPrice/EarningsRevenGarminGRMNCH27-Dec-25$232.01PelotonInteractiveLifeTimeLTHUSXponentialFitnessXPOFUSDaktronicsDAKTCatapultGroupCATAUGeniusSportsGENIGB31-Dec-25SportradarGroupSRADCH31-Dec-25TechnogymTGYMIT31-Dec-25PlanetFitnessTopgolfCallawayBrandsCALYUSKopinKOPNFlutterEntertainmentFLTRUS31-Dec-25DraftKingsCaesarsEntertainmentCZRUS31-Dec-25$26.43ChurchillDownsInc.CHDNEntainENTLight&WonderLNWUSPennEntertainmentLottomaticaGroupLTMCITBetterCollectiveBETCODKRushStreetInteractiveRSIPastperformancedoes.dralkestar,con21SPORTSTECHMARKETMAPMEDIAPUBLICATIONSMEDIAPUBLICATIONS&BROADCASTINGBOARDROOMl⃞FootballcoLIVESPORTSPORTSPRODUCTIONSPORTSPRODUCTIONTECHuniqFEED'CAMB.AlcdleltatireFANENGAGEMENTSERVICEPROVIDERSlllLivevoicenixhalaSPORTSOTTCONTENTPROVIDERSfu心9"huly7FlospoRTSBALLERRIGHTSOWNERSFIFAWNASCAASPONSORSHIPSSPONSORSHIPS/NILAuthority.STRICTLYC○NFIDENTAuthority.anappointedrepresentativeofKessionCapit.dralkestar,conn22SPORTSTECHMARKETMAPVENUE/CRM/ORGANIZATIONALSOFTWARESTIS!8sconevsonAMPLIFicAM'BONDidigifood.VENUE/CRM/ORGANIZATIONALSOFTWARESTIS!8sconevsonAMPLIFicAM'BONDidigifood.ESPORTS/FANTASYSPORTS/iGAMING乡skllzLUCRn下TRIUMPHPERFORMANCEANALYTICSfoyellc'N心AHSP0尺TLIGHTwaitTimewaitTimeFANENGAGEMENTCONTENTPLATFORMSsportradarDATAANALYTICSWOMEN’SSPORTSBUCAAENDEAVRDIGITALSPORTSAGENCIESSTRICTLYC○NFIDENTIALAuthority.anappointedrepresentativeofKessionCapitSTRICTLYC○NFIDENTIALAuthority.SEATUNIQUESEATUNIQUETIXRGtixGAMETIME》TICKETING.dra.dralkestar,connSPORTSTECHMARKETMAPCOMMERCE/MARKETPLACECOMMERCE/MARKETPLACE/COLLECTIBLESRddellQSMpolWEARABLES/WEARABLES/HEALTHTECHMEDIA/CONTENTlyereEMERGINGSPORTSLEAGUES日IG3YOUTHSPORTSUS'gaktivate/sportsRecruitsWEB3DapperWEB3DapperLabsCONSUMERSPORTSroeaIoryveboxhuupeAuthority.S