This morning (Friday, January 29th), British esports organisation Guild Esports (LSE: GILD) announced its results for the previous financial year.
The publicly listed company announced a loss before tax of £2.7m. The financial year in question, from 3rd September 2019 to 30th September 2020, reflects the pre-revenue stage when start-up and operating costs were high.
Guild secured pre-IPO investments (the org’s IPO was in October 2020) totalling £5m, most notably including investment from footballing icon David Beckham — with a five-year commitment for him to act as Guild’s brand ambassador. It was reported by The Esports Observer in October that Guild agreed to pay Beckham $20m (~£14.