https://staging.twogpedia.com/index.php?action=history&feed=atom&title=News%2FOverActive_Media_Q2_2023_Results_Announced 2026-07-09T03:20:07Z Revision history for this page on the wiki MediaWiki 1.45.1 https://staging.twogpedia.com/index.php?title=News/OverActive_Media_Q2_2023_Results_Announced&diff=5637&oldid=prev 2023-08-18T16:50:36Z

<p>Created page with &quot;{{News |seo_title=OverActive Media Q2 2023 Results Announced |seo_keywords=OverActive Media |seo_description=OverActive Media Q2 2023 Results Announced |image=OverActive-Media.jpg |tags=OverActive Media |date=2023-08-18T16:06:59.000Z |sources={{NewsSource |source=OverActive Media |url=https://overactive-media-group.prezly.com/overactive-media-reports-second-quarter-2023-financial-results |article=OverActive Media Q2 2023 Results Announced }} |author=Andura |category=Comp...&quot;</p> <p><b>New page</b></p><div>{{News<br /> |seo_title=OverActive Media Q2 2023 Results Announced<br /> |seo_keywords=OverActive Media<br /> |seo_description=OverActive Media Q2 2023 Results Announced<br /> |image=OverActive-Media.jpg<br /> |tags=OverActive Media<br /> |date=2023-08-18T16:06:59.000Z<br /> |sources={{NewsSource<br /> |source=OverActive Media<br /> |url=https://overactive-media-group.prezly.com/overactive-media-reports-second-quarter-2023-financial-results<br /> |article=OverActive Media Q2 2023 Results Announced<br /> }}<br /> |author=Andura<br /> |category=Companies<br /> |content=OverActive Media revealed Q2 2023 financial results. The company highlighted,<br /> <br /> * Total revenues grew by 65% to $3.9 million, a $1.5 million improvement relative to the prior year period, primarily driven by league revenue share and an increase in team performance-related revenue.<br /> * Adjusted EBITDA[i] loss of $2.5 million, a $1.3 million improvement relative to the prior year period.<br /> * At June 30, 2023, the Company had cash and cash equivalents of over $9.3 million.<br /> * On June 5, 2023, OverActive announced a deal with the Overwatch League, including signing a sponsorship for Toronto Defiant and eliminating outstanding entry fees. This agreement, which includes early payment of league revenue share, is valued at $10.8 million.<br /> <br /> Adam Adamou, Co-Founder and Interim CEO stated, “We are determined to drive towards a near breakeven Adjusted EBITDA over the year&#039;s second half.”<br /> }}</div>

Andura