Canada's OverActive Media Q1 revenue rises as business operations grow

[출처/시간] Reuters - 4:14 PM ET, 05/27/2026

Overview

* Canada esports and entertainment firm's Q1 ?revenue grew 7% to a record ?high
* Adjusted EBITDA loss narrowed ?43% and net loss improved 32% yr/yr
* Company closed C$1.95 mln secured debt financing subsequent to quarter-end to boost liquidity

Outlook

* Company expects highest-margin league and digital revenue to build through the yr
* OverActive Media says it remains focused on reaching profitability

Result Drivers

* BUSINESS OPERATIONS GROWTH - Higher commercial activity in ?sponsorships, partnerships, agency services, content production, and live ?events ?led revenue growth, offsetting lower Team Operations revenue
* ?GROSS MARGIN IMPROVEMENT - Gross margin rose to 59% from 52% due to stronger Business Operations, improved agency ?and live ?event performance, and lower cost of ?sales from operational efficiencies
* COST REDUCTIONS - Underlying operating ?costs fell about 9% on lower corporate ?payroll, ?roster and team payroll, and team ?operations costs, partly offset by higher commercial ?and marketing activity

Company press release:

Key Details



Metric Beat/Mis Actual Consensu
s s
Estimate


Q1 C$5.35
Revenue mln
Q1 Net C$2.50
Loss mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. ?For any other ?questions or feedback, contact .

(This ?story was created using Reuters automation and AI based ?on LSEG and company data. It was checked and edited by ?a Reuters journalist prior ?to publication.)