Dream Sports, the parent company of Dream11, has undergone significant operational changes in response to regulatory hurdles in the real-money gaming sector, resulting in the departure of over 100 executives.
Since the ban on online gaming last year, Dream Sports has restructured its business into several startups, including Dream11, FanCode, DreamSetGo, DreamCricket, Dream Play, Dream Money, and Dream Horizon. A spokesperson from Dream Sports confirmed the reorganization to Entrackr, mentioning that employees from Dream11 were reassigned to these startups based on their expertise. Approximately 15% of the workforce opted to pursue opportunities at larger firms or launch their own ventures, leading to attrition rates slightly higher than the previous 10%.
Currently employing around 950 individuals, Dream Sports has shifted its focus from fantasy gaming to become a global sports entertainment platform, offering creator-led watch-alongs, fan interactions, banter streams, and free-to-play fantasy formats.
In financial terms, Dream11 experienced a 15% decrease in revenue, reporting Rs 6,759 crore in FY25 compared to Rs 7,934 crore in FY24. The company recorded a loss of Rs 479 crore in FY25, attributing this to expenses related to domicile shifts and director benefits.
The ban on real-money gaming triggered a wave of layoffs across the sector, leading companies to explore ad-driven and subscription-based monetization strategies. Notable layoffs in the industry include Gameskraft, A23 Rummy, Zupee, MPL, Baazi Games, and Games24x7, with some entities also facing scrutiny from the Enforcement Directorate.
Source: Entrackr : Latest Posts