Guild Esports shared its financial report

British esports organization Guild Esports has shared its first-ever financial report for the period from October 1, 2020 to September 30, 2021. These are the first audited results of an esports club since its inception in the summer of 2020.

According to the financial report, the organization lost £8.8 million. At the same time, Guild Esports' annual income was only £1.9 million, which is more than in the second half of 2020

Recall that the financial report of Guild Esports became public due to the public listing of the organization on the London Stock Exchange, where it began trading in October 2020 with a market capitalization of £41.2 million.

Dee Lew, Chairman of Guild Esports: "I am delighted to announce Guild Esports' first results for the full year since its listing on the London Stock Exchange on October 2, 2020. During the period under review, Guild Esports quickly moved from a launch phase to a full-fledged commercial operation as part of its strategy growth to become one of the leading organizations in the world of esports in the next few years. Despite the challenges of building new business amid the global pandemic, the business has made significant progress towards realizing this vision."

Guild Esports reportedly made the most profit from partnerships and sponsorships, indicating that the organization terminated one major partnership worth £3.6 million. 4.5 million

This was Guild Esports' first full calendar year. The organization has secured several major partners, including HyperX, Subway, and Samsung. In addition, the organization also launched the Guild Academy project, recording an increase in the number of subscribers and viewers on social networks. At the same time, the esports club intends to develop its commercial portfolio in 2022 by signing even more partnership agreements.