View source for News/OverActive Media Q1 2023 Results

{{News
|seo_title=OverActive Media Q1 2023 Results
|seo_keywords=Business
|seo_description=OverActive Media Q1 2023 Results
|image=OverActive-Media.jpg
|alt=OverActive Media
|tags=Business, OverActive Media, Investment
|date=2023-05-25T17:18:04.000Z
|sources={{NewsSource
|source=OverActive Media
|url=https://overactive-media-group.prezly.com/overactive-media-reports-first-quarter-2023-financial-results
|article=News/OverActive Media Q1 2023 Results
}}
|author=Andura
|category=Business
|content=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."
}}