According to Astralis' official fiscal 2021 results report, the company announced a loss of $5.2 million this year, which is in line with management's expectations.
Despite the loss, Astralis' total revenue increased by 45% compared to the previous year to $11.1 million. According to the forecast, by the end of 2022, the club's revenue should increase by 13% to 20% to reach 12.6 million to 13.3 million US dollars.
Astralis officially stated in the original text:
"The annual results are in line with expectations and confirm the viability of our business plan and ambitious strategy. In the year of acquisitions, expansions of new gaming footprints and new commercial facilities, the value of commercial partnerships, sales of digital items and league revenue contributed significantly to the continued high growth rate, with revenue increasing by 45% compared to 2020. ”
Of all revenue, the CS:GO team accounted for 70%. In 2021, gla1ve's team successfully generated $7.8 million in revenue for the organization (the units in the original text are all Danish krones, which are converted here), followed by the League of Legends team, which accounts for 22% of the total revenue. At the bottom of the list are FIFA and Rainbow Six, with 5% and 1% respectively.
The CSGO team's revenue has also increased this year, mainly due to the sale of digital items as well as league revenue (mainly referring to the ESL Pro League and BLAST Premier).
