KOI parent company OverActive Media reports positive 2024 financial results 

OverActive Media, the parent company of popular esports organisation Movistar KOi, has reported a comprehensive income of CAD $311,000 (~£168,600) for 2024, an increase from 2023’s comprehensive loss of CAD $12.2m (~£6.6m).

Also noted in the financial results for last year is a 73% increase in revenue from CAD $15.7m (~£8.5m) in 2023 to CAD $27m (~£14.6m) in 2024. 

Note: All financial figures in this article have been reported in Canadian Dollars.

According to the company, the increase in revenue was a result of OverActive Media’s acquisition of KOI and Movistar Riders, as well as growth in team operations, partnerships and digital merchandise sales. 

OverActive Media acquired the notable Spanish esports brands in March 2024 and has since merged organisations with its existing property, MAD Lions, to create Movistar KOI. Alongside holding franchise sports in VALORANT and League of Legends under the Movistar KOI moniker, OverActive also operates Call of Duty League team Toronto Ultra.

Despite largely positive financial results for 2024, the company reported that its operating expenses increased by 37% to CAD $23.4m (~£12.7m) due to investments in talent, systems and platform efficiency. Moreover, there was a one-time CAD $2.3m (~£1.2m) expense linked to OverActive’s acquisitions.  

The company also benefited significantly from the elimination of certain franchise obligations, which totalled CAD $11.5m (~£6.2m). An exact breakdown of the eliminated franchise liabilities was not shared in the financial results. Still, last year, it was revealed that Call of Duty League removed franchise entry fees.

In November 2024, OverActive Media also announced a new long-term agreement with Riot Games for the LEC related to franchise fees. However, this was related to payables due in 2025.

“2024 was a year of real progress for OverActive Media,” commented Adam Adamou, CEO and Co-Founder of OverActive Media. “We completed two major acquisitions, expanded into new games and regions, and grew our revenue by 72%. Managing that kind of growth while integrating teams and operating across multiple markets required focus, coordination, and an incredible effort from our entire organisation.”

In addition to the financial figures, OverActive Media also noted various successes the company achieved throughout 2024 to the present day. These included becoming part of the Esports World Cup Foundation partner programme, expanding into China, winning CDL Major I 2024 and hosting the upcoming LEC Roadtrip event in Madrid. 

Adamou added: “We’re proud of what we’ve built, but we know we’re not finished. Our priority in 2025 is to continue growing responsibly, improving margins, staying disciplined, and making sure that every step we take adds lasting value.”