https://staging.twogpedia.com/index.php?action=history&feed=atom&title=News%2FOverActive_Media_Reveals_Financial_Results 2026-07-06T07:12:50Z Revision history for this page on the wiki MediaWiki 1.45.1 https://staging.twogpedia.com/index.php?title=News/OverActive_Media_Reveals_Financial_Results&diff=8609&oldid=prev 2023-11-22T14:45:13Z

<p>Created page with &quot;{{News |seo_title=OverActive Media Reveals Financial Results |seo_keywords=OverActive Media |image=OverActive-Media.jpg |tags=OverActive Media |date=2023-11-22T13:34:17.000Z |sources={{NewsSource |source=OverActive Media |url=https://overactive-media-group.prezly.com/overactive-media-reports-third-quarter-2023-financial-results |article=News/OverActive Media Reveals Financial Results }} |author=Andura |category=Business |content=Companies/OverActive Media|OverActive Me...&quot;</p> <p><b>New page</b></p><div>{{News<br /> |seo_title=OverActive Media Reveals Financial Results<br /> |seo_keywords=OverActive Media<br /> |image=OverActive-Media.jpg<br /> |tags=OverActive Media<br /> |date=2023-11-22T13:34:17.000Z<br /> |sources={{NewsSource<br /> |source=OverActive Media<br /> |url=https://overactive-media-group.prezly.com/overactive-media-reports-third-quarter-2023-financial-results<br /> |article=News/OverActive Media Reveals Financial Results<br /> }}<br /> |author=Andura<br /> |category=Business<br /> |content=[[Companies/OverActive Media|OverActive Media]] revealed its Q3 2023 financial results. Adam Adamou, CEO, OverActive Media stated &#039;&#039;&#039;“The positive momentum is a direct result of our focused approach to ensuring greater operating efficiencies in our business. In addition, with our successful efforts to eliminate $8.1 million in fees payable to our league partners and the imminent receipt of $7.3 million from the Overwatch League, the Company is in a strong financial position. Our improved balance sheet and proven operational rigor should allow us to capitalize on the many growth opportunities in the esports ecosystem.”&#039;&#039;&#039;<br /> <br /> <br /> Highlights from the Q3 2023 financial results.<br /> &#039;&#039;&#039;Total revenues grew by 3.5% to $6.0 million, a $0.2 million improvement relative to the prior year period, driven by an increase in event revenues.<br /> Adjusted EBITDA[i] grew to $0.8 million, a $1.2 million improvement relative to the prior year quarter.<br /> Operating Expenses decreased by 19.2% or $1.3 million relative to the prior year quarter, primarily due to reduced corporate payroll expenses and team operating costs.<br /> At September 30, 2023, the Company had cash and cash equivalents of $9.7 million.&#039;&#039;&#039;<br /> }}</div>

Andura