OverActive Media reports second quarter 2021 profit of $ 2.6 million

Esports corporation OverActive Media reported its profit in the second quarter of 2021 - in total, the group of companies earned $ 2.6 million, which is an increase of 71% year on year. OverActive Media also reported losses of $ 6.5 million for the first half of 2021. For the same period last year, the loss was $ 13 million.

Chris Overholt, CEO of OverActive Media: “We are delivering significant year-over-year revenue growth and generating a strong consistent revenue base from our sponsoring partners who recognize the appeal of our team franchises to today's generation of fans. We expect strong revenue growth throughout the rest of the year from With an ongoing emphasis on adding globally recognized brands as long-term partners and competing at the highest level. We are also taking important steps in our plan to build the premier sports and entertainment center in North America offering cutting edge technology. "

During the year OverActive Media announced plans to build a 7,000-seat esports venue, formed strategic partnerships with Red Bull, H4X, TD Bank and others, and then began trading on the TSX venture capital exchange.

In addition, the corporation has raised a total of over $ 40 million from investors and has welcomed the HNL Montreal Canadiens teams as a member of the company's property group.

The corporation currently owns teams Toronto Defiant from the Overwatch League, Toronto Ultra from the Call of Duty League, and MAD Lions (CS: GO, League of Legends).