Aggressive Growth Strategy Beginning to Pay Off Esports is one of the fastest-growing industries across the globe. Revenues for the industry are estimated to reach $2B by the end of this year, up from just $950M in 2019. And with many new big-name sponsors such as Amazon and NASCAR entering the space, there's a lot of potential left for the future.
One of my favourite companies in the space is $ESE.V. Their aggressive growth and fundamental building strategy have been proven to work. Recent news has only solidified their position as a significant player in the Esports world.
- Selected by Riot Games to launch a Valorant league in 20 European countries.
- Digital Motorsport partnership with NASCAR for the eNASCAR International iRacing Series.
Securing deals with companies such as these proves that $ESE is a top global competitor in the space. And this year should be interesting with the recent acquisition of GameAddik. In 2020 they generated revenues of $24M with an income of $4.7M. This has pushed $ESE’s run-rate to $60M+ in revenues and considering their current $87M valuation. This gives a revenue-to-cap ratio of around 1.45. With the CEO, Konrad Wasiela, to appear on the Wall Street Reporter next week, I'm expecting some more good news about the company as we inch closer to the next earnings report.