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Rubin mentioned Fanatics is projecting $four.5 billion in revenue for its e-commerce business in 2022. Fanatics is anticipating roughly $6 billion in revenue in 2022 and targeting $ten billion in revenue over the next handful of years, according to individuals familiar with the company’s business. The most recent investment round came just after Fanatics had two years of apparently speedy growth. The business had a $6.2 billion valuation in 2020, hit $12.8 billion in March 2021 and reached $18 billion in August. Men and women familiar with the inner workings of the firm recommend the purpose is $10 billion in earnings prior to interest, taxes, depreciation and amortization, or EBITDA, over ten years. “I am one hundred% locked into producing Fanatics the most amazing digital sports platform in the planet,” Rubin mentioned at a conference in March.