IN BRIEF: Guild Esports half-year loss narrows despite drop in sales
28th Jun 2024 21:30
Guild Esports PLC - London-based esports business - In the six months to March 31, pretax loss narrows to GBP1.8 million from GBP2.3 million a year prior. But revenue falls to GBP2.1 million from GBP3.7 million reflecting a challenging macroeconomic environment and a significant, one-off tournament victory in 2023 which increased revenue. Guild Studios' revenue multiplies to GBP586,000 from GBP109,000, representing a significant new revenue stream. "We are cautiously optimistic that our efforts will continue to drive growth and success as we navigate through the remainder of 2024 and beyond," company says. Read More