Monday, June 27, 2022
No Result
View All Result
Esports Grizzly
  • Home
  • College Esports
  • Industry
  • GamesUpdates!
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting SitesNew
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter
Monday, June 27, 2022
No Result
View All Result
Esports Grizzly
No Result
View All Result

overactive-media-original-logo

Image credit: OverActive Media

OverActive Media Group on Decline as It Reports Over $6,5m in Losses for 2021

in Industry
August 18, 2021
  • As OverActive Media went public this summer, it recently disclosed its financial performance
  • The ownership group’s income has increased substantially, but the group still faces high net losses
  • However, the losses are twice as low compared to 2020, proving that the company is on the right track

OverActive Media’s performance is increasing with a higher income and fewer net losses compared to 2020. 

OverActive’s Investments Are Still Developing

OverActive Media, an esports ownership group of Canadian origin, is still struggling with some heavy net losses. According to a recent release by the company itself, it has marked a total net loss of $8,210,000 Canadian dollars (around $6,5 million USD) for the first half of 2021. 

The reasons for the losses are OverActrive Media’s daring expensive esports investments that are yet to grow enough to pay for themselves. These include the esports ownership group’s slots in some of the highest-esteemed esports franchises: the Call of Duty League (Toronto Ultra), the League of Legends European Championship (MAD Lions), and the Overwatch League (Toronto Defiant).

Holding all these slots costs millions of dollars and has additional costs to maintain. Although all of the brands have experienced growth, they are still far from returning their initial investment. 

Financial Losses Continue Despite an Increase in Revenue

OverActive Media went public on the Toronto Stock Exchange. Because of this, it recently shared details of how it has been faring financially. 

TSXV welcomes @overactivegg (TSXV: $OAM), an integrated global company delivering sports, media and entertainment to today’s generation of fans.

To learn more about $OAM, trading now on #TSXV, visit: https://t.co/NOunwSPX2j pic.twitter.com/pPX7gPZuXu

— Canada's Markets (@tsx_tsxv) July 14, 2021

The esports ownership group revealed that their revenue for the first half of 2021 sat at around $3,402,000 Canadian dollars (around $2,7 million USD). Compared to the same period of 2020, this marks a significant 56% increase. Despite the increase in revenue, OverActive’s losses are still higher – $8,210,000 CAD ($6,5 million USD), as mentioned before. 

Yet, although this may seem quite unfortunate, it is actually good progress for OverActive Media. Back in 2020, the ownership group had $16 million CAD ($12,6 million USD) losses – about twice as much as this year's. 

The group has also further reinforced its positions by signing some important partnership deals that will further boost its future performance. Some of those valuable partners include Bud Light, Crave Meals, and TD Bank. The group also came into possession of Montreal Canadiens soon after it went public.

OverActive Media’s CEO, Chris Overholt, is quite optimistic for the future of the ownership group. He has been liking the number comparisons between 2020 and 2021 and is sure that OverActive is definitely moving in the right direction. Overhold appreciates the help of the group’s partners and hopes that OverActive Media’s journey to fans’ hearts is just beginning. 

With all said and done, the tendency is that OverActive Media is picking up pace but is not quite there yet.

Tags: OverActive
Alexander TodorovbyAlexander Todorov
Tags: OverActive
Home » OverActive Media Group on Decline as It Reports Over $6,5m in Losses for 2021
ShareShareTweetShareSend
league-of-legends-clash-between-champions
Blog

Betting on League of Legends: Top 5 Sites to Wager Using Bitcoin

by Papa Bear
March 1, 2022

Few games have captured the hearts of the wider audiences quite like Riot Games’ masterpiece League of Legends has. The...

Read more
overwatch-female-characters
Opinion

Women in Esports: How Esports Are Moving Towards a More Inclusive Future

by Angel Hristov
October 25, 2021

Gaming has long been regarded as something reserved for nerdy boys. As times change women join in on the fun...

Read more
v-bucks-currency-in-fortnite
Blog

Bitcoin Esports: Best Crypto Esports Betting Sites

by Alexander Todorov
January 23, 2022

Bitcoin esports betting is on the rise. The idea of placing wagers on your favorite esports teams is an experience...

Read more

Latest and Popular

Mesut Ozil with an esports shirt for his new team.
Industry

Arsenal Veteran Footballer Mesut Özil Might Move into Esports

by Stefan Velikov
June 21, 2022
The official featured logo for the Military Gaming League.
Industry

Generation Esports Acquires the Military Gaming League

by Stefan Velikov
May 23, 2022
100-thieves-facebook-cover
Industry

100 Thieves is Developing a Video Game

by Angel Hristov
May 23, 2022
ukraines-war-bloodied-flag
Industry

How Streamers and Esports Pros Are Helping Ukrainian Civilians

by Alexander Todorov
May 9, 2022

Next Post
ps5-xbox-consoles

China Starts Exploring the Console Gaming Market After a 14-year Ban on Consoles

eSports Grizzly Mobile Dark
eSports Grizzly Mobile Dark

Content Categories

  • Blog
  • Call of Duty
  • College Esports
  • Consoles
  • Cosplay
  • Counter Strike
  • DOTA 2
  • FGC
  • Fortnite
  • Gaming
  • Halo
  • Hearthstone
  • Industry
  • League of Legends
  • Mobile Legends
  • News
  • Opinion
  • Overwatch
  • Popular
  • PUBG
  • Q&A
  • Rainbow Six Siege
  • Rocket League
  • Streamers
  • Uncategorized
  • Valorant

Recent Posts

  • NaVi Dominates the BLAST Premier Spring Final 2022
  • Arsenal Veteran Footballer Mesut Özil Might Move into Esports
  • Blizzard Promises Consistent Content Updates and Battle Pass For Overwatch 2

About Esports Grizzly

We bring you the best Premium esports content from around the globe.

Our FREE weekly newsletter

Keep in the loop with our minimalist weekly newsletter. Subscribe today!

GET IN TOUCH

Esports Grizzly reports on the latest industry and gaming intelligence, Want to pitch in? Get in touch!

  • Home
  • About us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact

© 2021 Esports Grizzly - Your daily BITE of global esports

No Result
View All Result
  • Home
  • College Esports
  • Industry
  • Games
    • Call of Duty
    • Counter Strike
      • CS:GO Betting Sites
    • DOTA 2
      • Dota 2 Betting Sites
    • FGC
    • Fortnite
    • League of Legends
      • League of Legends Betting Sites
    • Mobile Legends
    • Overwatch
    • PUBG
    • Rainbow Six Siege
    • Valorant
  • Esports Betting Sites
    • Bitcasino Esports Review | Evil Geniuses’ Home Esports Bookmaker
    • Sportsbet.io Esports Review
    • Cloudbet Esports Review | Is Cloudbet Legit?
    • Dogecoin Esports Betting Sites
    • Luckbox Review (2021) – Is Luckbox Esports Safe?
    • Betway Esports Review
    • GG.Bet Esports Review | League of Legends, Dota 2 and CS:GO
    • Rivalry Esports Review
    • Pinnacle Esports Review
  • Consoles
  • Streamers
  • Q&A
  • Blog
  • Opinion
  • Newsletter

© 2021 Esports Grizzly - Your daily BITE of global esports

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.