Gfinity, a UK-based leading eSports business, has recently announced its interim financial results for the six month period ended 31 December 2015. Revenues increased by 329% y-o-y to GBP 624,292, up 50% sequentially, resulting from a mix of sponsorship, fees from game publishers and platform providers, premium subscriptions and advertising.
CEO Neville Upton comments in the report: “It is pleasing to see another period of excellent operational progress and a third consecutive period of revenue growth. Our strategy to invest in the business for future growth is bearing fruit as Gfinity further enhanced its reputation as a market leader and destination of choice for eSports gamers and spectators alike.
Looking ahead, the eSports sector is growing unabated and the potential opportunities for Gfinity remain vast. We have now created a very strong position from which to monetise; drawing on both the reputation for quality that we have established with gaming publishers and fans alike and the unique suite of technological and physical assets that we have created. We are seeing increased interest from advertisers and sponsors who are keen to access the thriving Gfinity audience. These discussions have given us further encouragement for the potential monetisation of the Gfinity brand and we look to the future with confidence.”
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