25 May 2023 17:18
During Q1 2023 OverActive Media incurred a net loss of -$5.7 million during this period, compared to a net loss of -$4.6 million in the same period last year. In the first three months of 2023, the company earned $1.6 million, which is 23% less than what it earned during the same time last year. Adam Adamou, Co-Founder and Interim CEO, stated "Both teams topped their respective leagues for peak viewership. As we look ahead, investing in audience growth and engagement continues to be our priority. It’s a value driver for our business and partners, as it is our biggest opportunity to attract and convert fans. Reaching 1 million followers across our Toronto Ultra social channels is a sign of progress and momentum we are building across all our brands."
Tags: Business OverActive Media Investment
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