Gfinity revenue up 27% year-over-year, losses down 50%

Originally published on by Danielle Partis

Share this article

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

Continue reading article by clicking here...