Livesport Reports Strong 2024 Results with Revenue and profit Growth
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The domestic technology-media company Livesport, a key tool and data aggregator for sports fans and bookmakers, has announced improved financial results for 2024.
Revenues increased by 20 percent year-on-year, rising from CZK 2.22 billion to CZK 2.67 billion. The group’s operating profit saw an even more significant increase, jumping from 507 million crowns to 841 million crowns – a 66 percent rise.
However,net profit experienced a decrease,falling from 2.2 billion to almost 1.7 billion crowns. This was influenced by the sale of two subsidiaries as part of a group restructuring in 2023. Adjusting for this, net profit actually increased by 800 million crowns year-on-year.
The difference between operating and net profit is attributed to Livesport receiving dividends from its foreign subsidiaries, primarily generated from advertising revenue.
Livesport is recognized as one of the most valuable domestic companies by Czech Elite, with an estimated valuation of 14 billion crowns in 2024.
Livesport Group – Key Facts:
| Name | Livesport Group |
|---|---|
| Business | Statistics and Media |
| Year | 2006 |
| Chief Owner | Martin Hájek |
| CEO | Pavel Krbec |
| Sales | CZK 2.67 billion (2024) |
| EBITDA | CZK 0.8 billion (2024) |
| Estimate | CZK 14 billion (2024) |
Source: Commercial Register, Public Resources, Companies
In addition to strong financial performance, Livesport completed an acquisition in 2024, acquiring a 100% share in Besoccer, a Spanish company.
Livesport’s Investment Portfolio and the czech elite 2024 Ranking
Livesport, a prominent Czech sports data company, holds significant investments in several technology startups and transportation services within the Czech Republic. This includes a nearly 27% stake in Y Soft Ventures, a fund supporting technological startups, and a share in the ride-hailing service Liftago. This investment activity coincides with the release of the “Czech Elite 2024” ranking, a thorough list of the most valuable companies in the Czech Republic, compiled with professional oversight from Deloitte.
Livesport’s Investment Strategy
Livesport’s investment in Y Soft Ventures demonstrates a commitment to fostering innovation within the Czech tech ecosystem. Y Soft Ventures focuses on early-stage technology companies, providing them with capital and mentorship to accelerate growth. Their investment in Liftago, a leading transportation network company in the Czech Republic, further diversifies their portfolio. liftago offers ride-hailing,corporate transport,and delivery services.
This strategy suggests Livesport is actively seeking to leverage its financial success to support and benefit from the growth of complementary businesses.While Livesport is primarily known for its real-time sports scores and data, these investments indicate a broader vision for technological advancement and market diversification.
The Czech Elite 2024 Ranking
The “Czech Elite 2024” ranking provides a snapshot of the most valuable companies operating within the Czech Republic. The ranking, a project of Hospodářské noviny, identifies and ranks companies based on a variety of factors, including revenue, profit, and assets.
The ranking is professionally guaranteed by Deloitte, ensuring a high level of accuracy and reliability. key partners supporting the initiative include Orlen Unipetrol,Penta Fund,the Prague Stock Exchange,UniCredit Bank,and A&O Shearman.
Access the full ranking and detailed company facts here. (Please note: the link directs to the hospodářské noviny website where the ranking is available, and may require a subscription).
Key Partners and Guarantors
* Deloitte: Professional guarantor of the TOP 100 Czech Elite ranking, ensuring methodological rigor and data integrity. Deloitte Czech Republic
* Orlen Unipetrol: A major player in the Czech petrochemical industry and a partner of the Czech Elite ranking. Orlen Unipetrol
* Penta Fund: An investment group with a significant presence in Central Europe, supporting the Czech Elite ranking. Penta Investments
* Prague Stock Exchange: The primary stock exchange in the Czech Republic,partnering with the ranking to promote clarity and investment. Prague Stock Exchange
* UniCredit Bank: A leading financial institution in the Czech Republic, supporting the Czech Elite ranking. UniCredit Bank Czech Republic
* A&O Shearman: A law firm providing legal counsel and support to the Czech elite ranking. A&O Shearman
Looking Ahead
The Czech Republic continues to attract investment and foster innovation, as evidenced by Livesport’s strategic investments and the ongoing success of the Czech Elite ranking.the continued collaboration between leading companies, financial institutions, and professional services firms like Deloitte will be crucial for maintaining a vibrant and competitive business environment in the years to come. The 2025 ranking will be a key indicator of the Czech economy’s performance and the evolving landscape of its most valuable companies.