Skip to main content
The Markets by Proactive
Go to Proactive Australia

Archive

Esports Entertainment Group's 4Q revenue increases 63% sequentially on acquisition growth

Esports Entertainment Group's 4Q revenue increases 63% sequentially on acquisition growth

Esports Entertainment Group IncCEO Grant Johnson joined Proactive to discuss fourth-quarter earnings, including 2021 net revenue of $8.8 million, a 63% quarter-over-quarter increase, driven by its recently completed acquisitions of Helix eSports, ggCircuit, and BetHard. Johnson says he looks forward to 2022, where it expects net revenue to increase by at least 490% to $100 million to $105 million in fiscal 2022, driven primarily by the multiple acquisitions completed in calendar 2021.