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Guild Esports reports £4.3m loss over a six month period

UK-based esports organisation Guild Esports has announced a loss of £4.3m over a six month period, ending 31st March 2021.The figure was revealed following the release of Guild’s unaudited financial results earlier today. The organisation has cited its investment in esports teams, the Guild Academy, content creation, and corporate infrastructure as a factor in the loss.

Guild Esports launches academy
Image credit: Guild Esports

In total, the organisation reported administrative expenses of approximately £4.4m.

Also revealed in the financial results were revenues of £368,990 for the six month period. This includes prize money equating to £283,625 and partnership revenues of over £58,000.