David Beckham's Business Reaps £28m Dividends Amid Netflix Documentary Boom

David Beckham's business enterprises saw profits more than double last year, with sales reaching £72.3 million. His brand partnerships and licensing revenues grew by 17.9%, and his media production outfit Studio 99 saw revenues increase to £11.9 million. The business paid out £28.6 million in dividends, with Beckham receiving £36 million. His overall business enterprises made more than £160 million in sales last year.

David Beckham's business ventures experienced a remarkable year of growth, with profits more than doubling and sales reaching an impressive £160 million [1]. The soccer icon's diverse portfolio, which includes brand partnerships, licensing agreements, and media production, demonstrated resilience and adaptability in the face of the ongoing pandemic.

Beckham's primary holding company, David Beckham Ventures Ltd. (DBVL), reported a significant 30% increase in profit to £25.5 million [2]. DBVL's success can be attributed to the strong performance of its subsidiaries, such as Victoria's fashion and beauty brand, which achieved high double-digit growth in revenue, reaching £58.8 million in 2022 [2].

The growth of Victoria Beckham Holdings Ltd. (VBHL) was particularly noteworthy, as the company reported a second consecutive year of high double-digit growth in revenue, which increased by 44% to £58.8 million [2]. VBHL's positive adjusted EBITDA of £200,000 and reduced operating losses of £900,000 [2] indicate a promising turnaround and the company's ambition to become profitable.

In addition to the success of his fashion and beauty ventures, Beckham's media production outfit, Studio 99, also experienced growth, with revenues increasing to £11.9 million [1]. The company's profitability, combined with the strong financial performance of DBVL and VBHL, enabled the business to pay out £28.6 million in dividends [1].

Beckham's business enterprises have proven to be adaptable and resilient, with the soccer icon successfully navigating the challenges of the pandemic through strategic partnerships and restructuring efforts. For instance, in early 2022, Beckham inked a new deal with Authentic Brands Group to co-own and manage his global brand [2].

Sources:

1. FT. (2023, February 23). David Beckham's business enterprises saw profits more than double last year. Retrieved from https://www.ft.com/content/c22551eb-f297-485b-863d-241fd117e991
2. WWD. (2023, February 22). Beckham Brands Post Robust Double-Digit Revenue Gains Fiscal 2022. Retrieved from https://wwd.com/business-news/business-features/beckham-brands-post-robust-double-digit-revenue-gains-fiscal-1236105696/