ASTRALIS PUBLISH 2020 FINANCES WITH HUGE LOSS
ASTRALIS ARE A HOUSEHOLD NAME.
Competing in CSGO, League of Legends, and FIFA, Astralis is said to have generated total revenue of $8.26m.
Their CS:GO division brought in almost $6m of revenue, with their LoL and FIFA teams generating around $1.3m and $240k.
IT'S NOT ALL GOOD.
Despite raising millions, things don’t appear to be too great on the surface.
The group saw a total loss of $8.5m and posted an Earnings Before Interest, Taxes, Depreciation, and Amortization of -$2.3m.
They currently hold spots in CS:GO circuits BLAST and ESL Pro League, as well as the LEC.
WHERE DID THEIR RENENUE COME FROM?
According to the report, 66% of revenue generated came from sponsorship, and 27% from prize money and league revenue.
They also sold CS:GO player Patrick ‘es3tag’ Hansen to Cloud9 in a $2.1m deal just six months after signing him.
Astralis have announced deals with Garmin, Universal Music Group, Bang & Olufsen and sports brand Hummel.