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Guild Esports PLC - UK-based owner and developer of e-sports teams - Reports pretax loss of GBP2.7 million from incorporation on September 3, 2019 to September 30, 2020. Does not report revenue in period, but has GBP2.7 million in operating and administrative expenses. Notes viewership - meaning individuals who have opted into Guild team channels on YouTube, Instagram, Twitter, Twitch - was 25,000 on September 30 but now is 97,000.
"We are highly encouraged by the strong growth in our audience and building a tribal fan base will be crucial to creating long-term value for shareholders," company says.
"Since the IPO, the company has signed two significant multi-year sponsorship deals, recruited teams in Fortnite and Valorant to complement its existing Rocket League and FIFA teams, expanded its content creation, marketing and operations staff, launched its Patch 0.0.1 line of apparel, and generated millions of video views and social impressions."
Looks to future with "considerable confidence".
Current stock price: 5.87 pence
Year-to-date change: up 4.8%
By Paul McGowan; paulmcgowan@alliancenews.com
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