OverActive Media (OAM), the parent company of Toronto Ultra, Toronto Defiant, and MAD Lions, has reported its earnings for the third quarter of 2021.
According to the report, the total revenue was $5.5 million CAD (~£3.2 million), representing a year-over-year (YoY) increase of 9.8%.
As of September 30th, 2021, OAM had a cash balance of $36.2 million CAD (~£21.2 million), a significant increase compared to its $5.6 million CAD (~£3.2 million) balance that was recorded at the end of 2020.
Over the course of 2021, OAM has entered partnerships with the likes of TD Bank, Red Bull, Cavea, and more following a $40 million (~£29.