OverActive Media reports Strong Growth in 2024
Overview of Financial Performance
On April 24,2025,OverActive Media Corp. announced its financial results for the year ending December 31, 2024. The company has made significant strides in the esports and entertainment sector.
CEO Adam Adamou highlighted the company's achievements over the past year. He noted that OverActive completed two major acquisitions and expanded into new games and regions. This growth led to a remarkable revenue increase of 72%. Adamou emphasized that managing this expansion required teamwork and dedication from all employees.
Looking ahead to 2025, he expressed a commitment to responsible growth while enhancing profit margins.The focus will be on ensuring every decision adds long-term value as they continue building their business in an expanding industry.
Q4 Financial Highlights
In Q4 of 2024, OverActive reported revenues of $9.9 million, marking a substantial increase of 134% compared to $4.2 million during the same quarter in the previous year. This surge was mainly due to increased league shares and new partnerships alongside revenue from influencer agency operations following recent acquisitions.
The gross profit rose by $1.9 million to reach $5.3 million with a gross margin of 54%, down from last year's margin of 80%. This decline was attributed to integrating new influencer business operations.
Operating expenses also saw an uptick, rising by 54% to total $6.6 million compared with $4.3 million in Q4 of last year due to hiring more staff and investing in content production related to strategic growth initiatives.
Adjusted EBITDA showed improvement with losses narrowing down to $554,000 from a loss of $699,000 during Q4 last year thanks largely to higher-margin digital sales contributing positively.
The complete loss for this quarter stood at $1.3 million versus a loss of $768,000 recorded during Q4 last year primarily due to foreign currency translation losses.
As for net working capital (current assets minus current liabilities), it amounted to $6.6 million while cash reserves were at approximately $6.8 million after investments into integration efforts and growth strategies including an additional investment into their venue project totaling about $2.1 million so far.
annual Financial Overview for FY 2024
For the full fiscal year ending December 31, OverActive's revenue reached an impressive total of $27 million—up by nearly three-quarters compared with FY23’s figure which stood at around $15.7 million—thanks largely driven by acquisitions along with enhanced team operations across various sectors including digital merchandise sales (MTX) and also live events which broadened both revenue streams geographically to.
Gross profit climbed up significantly reaching about $16 .8 million—a rise of 62%—though margins dipped slightly from 66% down to 62%, reflecting changes within product mix notably involving lower-margin income generated through influencer agency activities alongside live events.
Operating costs totaled around $23 .4million—a rise attributed mainly towards talent acquisition efforts plus system improvements along with one-time restructuring expenses linked directly back towards those recent mergers amounting roughly around two-point-three-million dollars.
Adjusted EBITDA losses improved considerably dropping forty-two percent downwards resulting now only three-point-six-million dollars lost instead six-point-two-million previously recorded back then showing signs positive operational efficiency gains achieved overall throughout this period under review.
Comprehensive income turned positive hitting approximately three hundred eleven thousand dollars contrasting sharply against twelve point-two-million dollar deficit seen just one-year prior indicating strong recovery trends emerging fueled primarily via disciplined cost management practices coupled together strong top-line performance metrics observed consistently throughout entire reporting cycle here presented today!
Key Achievements Throughout Year-to-Date
OverActive Media has marked several key accomplishments thus far:
- Financial Growth: Revenue surged by seventy-two percent reaching record levels; comprehensive income improved significantly showcasing effective cost control measures taken over time leading up until now!
- Mergers & Acquisitions: Successful acquisition deals made including KOI & Movistar Riders expanding presence across Europe/Latin America introducing fresh avenues like influencer agencies into play!
- Global Expansion Efforts: Entered Latin American markets through participation within Free Fire League strengthening ties further established earlier partnerships already formed previously before hand!
- Competitive Successes: Teams such as MAD Lions KOI qualified again successfully achieving sixth consecutive appearance at League World Championships drawing massive viewership numbers exceeding millions globally!
- Live Events Hosted Successfully: Major tournaments held attracting thousands fans physically present alongside millions tuning online showcasing growing interest surrounding esports culture overall!
Overall these developments reflect positively upon future prospects ahead signaling radiant outlooks moving forward beyond current state affairs witnessed today!
