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Gfinity announces monthly profits, sells Esports Awards stake

Related Topics: Gfinity, Neville Upton

Esports and gaming solutions provider Gfinity last week declared it achieved month-on-month (MoM) operating profitability for October and November — the first time the company has done so since 2014.

Credit: Gfinity

The announcement was made ahead of Gfinity’s Annual General Meeting (AGM) last Friday. In November 2020, monthly operating costs were £385,000 — a reduction of 47 percent since November 2019.

At the AGM, Neville Upton, Gfinity Chairman said the following: “I am pleased that the positive momentum we saw at the start of the current financial year has continued.