GAAGO subscription revenues rise by 118% to €4.96 million
Subscription revenues at the controversial GAA and RTÉ joint streaming venture, GAAGO, surged by €2.6 million, or 118 per cent, to €4.96 million last year.
According to new 2023 accounts filed by GAAGO Media Ltd, the company’s overall revenues more than doubled, rising from €2.4 million to €5.23 million as the platform benefited from its deal to broadcast GAA championship games to a domestic audience behind a pay-wall.
The streaming company’s revenues were made up of €4.96 million in subscription revenues and sponsorship income, which increased three-fold from €90,000 to €273,437.
Against the background of a GAA fan and political backlash of high profile GAA games being put behind the GAAGO paywall, pre-tax profits at the company increased by 47 per cent from €595,750 to €874,047.
The profits for the subscription-based sports channel of the last two years allowed the firm to pay a €1.2 million dividend to its joint owners, RTÉ and the GAA.
The accounts -…
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