GameSquare Esports, the parent company of esports agency Code Red Esports, reported just over C$1 million (£616,001) in revenues for 1Q 2021.
According to the release, Code Red experienced a revenue increase of 97 per cent year-over-year compared to 1Q 2020. The company credits its growth in revenue to the fact that its influencer segment nearly doubled during Q1 2021, in addition to increased consulting fees associated with Bud Light Europe.
Despite the increase, GameSquare recorded a total comprehensive loss of C$572,977 (£334,554), or $0.