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Gaming and esports company Gfinity has released its financial results for the fiscal year ending June 30, 2021, and has significantly lowered its losses following a turbulent period.
For the year, the company saw a 27% increase in revenue to £5.7 million, up from £4.5 million in 2020. The uptick was driven by a 768% increase in revenue generated by Gfinity owned and co-owned properties.
The UK-based firm saw a 50% reduction in operating loss to £2.7 million, down from £5.5 million the year prior.
It also saw a 61% reduction in earnings before interest, tax, depreciation and amortisation to