Astralis loses $850K in first half of 2022
Danish esports organization Astralis has published its financial results for the first half of 2022.
Brass tacks: The results are from January 1 to June 30.
- Revenue of $6.1M (DKK 44.9M) for the period, up from $5.3M (DKK 39.2M) in H1 2021.
- The report states that it had lower "sponsorship and merchandise sales" than in H1 2021 but they were offset by "league related revenue" in addition to its gaming center Nexus and production company Pixel.tv.
- Total loss of $850K (DKK 6.3M) for the period, an improvement upon its loss of $1.7M (DKK 12.6M) in H1 2021.
The company: It's best known for once housing the greatest team to ever compete in Counter-Strike: Global Offensive.
- Its Counter-Strike division generated most of the revenue for the half, totaling $3.8M (DKK 28.3M). This is $148K (DKK 1.1M) less than the amount it generated in H1 2021.
- Its LoL division generated $1M (DKK 7.6M), FIFA generated $108K (DKK 800K), its North American division generated $189K (DKK 1.4M), its Nexus gaming center generated $364K (DKK 2.7M), and Pixel.tv brought in $162K (DKK 1.2M).
- "I am extremely proud to see how our organization continuously delivers on our promises and how we constantly develop our business and revenue streams," said CEO Anders Hørsholt. "The six-month result is satisfactory."