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Higher costs push Esports Entertainment to full year loss

14th October 2021 10:21 am GMT
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New York-listed Esports Entertainment Group has generated full-year net revenue of US$16.8m in its maiden results as a publicly listed company for its 2021 fiscal year ended 30 June.

Benefiting from the recent acquisitions of BetHard, Helix eSports and ggCircuit, Esports Entertainment enjoyed a strong fiscal fourth quarter ended 30 June, with net revenue climbing by 63 per cent sequentially to $8.8m.

During Q4, total operating expenses soared to $19.3m, up from just $2.1m a year ago, [...]

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