OverActive Media, the parent company of KOI and Toronto Ultra, has released its financial results for Q2 2025, highlighting strong growth in business operations while maintaining tight cost controls.
According to the financial report, the company generated CAD$8.36m (~£4.47m) in revenues, up 26% from CAD$6.62m (~£3.54m) in Q2 2024, with a gross profit of CAD$4m (~£2.14m).
Despite a decrease in operating expenses and higher revenue numbers, the company recorded a comprehensive loss of CAD$1.49m (~£797,000), significantly higher than its CAD$6.43m (~£3.44m) income from the previous period in 2024.
The reason for this difference in comprehensive loss/income was because OverActive Media benefited from a non-recurring CAD$9.8m gain following the elimination of Call of Duty League franchise fees in 2024.
KOI’s parent company also noted that profit margins in Q2 2025 were lower due to changes in the revenue composition, mainly coming from events and agency business activities. Higher margin revenue, such as League-share and digital merchandise revenues, was minimal in Q2, according to the report, and is expected to increase in the next six months of 2025.
Operating expenses amounted to CAD$5.17m (~£2.76m), decreasing by 14% compared to Q2 2024, reflecting lower restructuring and business development costs. However, this was partially offset by higher roster and team payroll costs.
The adjusted EBITDA was a loss of CAD$1.02m (~£545,000), consistent with the expectations due to the seasonal timing of revenues.
OverActive Media is still focusing on reaching profitability in the current fiscal year. Net working capital was CAD$1.87m (~1m) at the end of the six months, with cash and cash equivalents totalling CAD$5.07m (~£2.71m).
A Busy Period for the Company
OverActive Media’s report also highlighted by several achievements and milestones from its core business activities.
League of Legends team Movistar KOI won the LEC Spring Split and represented Europe at MSI and the Esports World Cup as the top European organisation.
Its other esports team, Toronto Ultra, took third place at the Esports World Cup’s Call of Duty tournament, taking home $200,000.
On the event side, OverActive Media was also responsible for hosting the LEC Roadtrip at the Madrid Arena with 18,000 attendees and the CDL Championship Weekend, the first time outside of the US.
Business-wise, the company launched Fénix Club, a premium subscription-based loyalty program, and renewed its partnership with energy drink brand Monster Energy until the end of 2026.
Adam Adamou, Chief Executive Officer of OverActive Media, gave additional insights on the 2025 financial results so far: “Q2 was about delivery and discipline. We executed two of the most successful events in our history – ‘LEC on the Road’ in Madrid and the ‘Call of Duty League Championship Weekend’ in Canada – while scaling our influencer business.
“The quarter’s margin profile reflects a deliberate mix shift toward events and agency work; we expect that to rebalance in the second half as higher-margin league-share and digital merchandise come through.”
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