Astralis publishes financial report for the first half of 2021

Danish esports organization Astralis has published its financial report for the first half of 2021, covering the period from January 1 to June 30. Interestingly, the organization's revenues for the first half of 2021 grew by 92% compared to the same period last year.

The total amount of the organization's revenues was $ 6.2 million, but Astralis still remained at a loss of $ 2 million.At the same time, the result improved significantly compared to the same period in 2020, when the organization was missing $ 4.8 million.

According to the report, the increase in revenue was mainly due to higher league revenues, sponsorship revenues, and in-game item sales.

Anders Hersholt, CEO and President of Astralis Group: "The continued impact of the pandemic on the advertising market and LAN tournaments has had a negative impact on our business, however, we maintain a positive development of our business with doubling revenues and a continuous increase in operating profit."

Note that during the first half of 2021 Astralis entered into partnerships with Blux, HP and Universal Music Group. The organization also expects increased interest and demand from advertisers and major brands during the second half of the year.

Representatives of the organization said that the indicators are generally in line with forecasts. Astralis expects that the trend of income growth will continue, including against the backdrop of the gradual lifting of restrictions associated with the coronavirus pandemic.