Allied Esports has reported a $45.5m loss for 2020, though its poker assets such as the World Poker Tour, which it is in the process of divesting, brought in a $1.5m profit.
Allied’s revenue from continuing operations – which excludes the poker assets – came to $3.2m, down 57.5%, over the 12 months to 31 December 2020
The business made $3.0m from in-person content, its main revenue stream, in 2020, down 60.0% compared to 2019, after live events were halted by the novel coronavirus (Covid-19) pandemic.
Multiplatform content, on the other hand, saw revenue grow significantly, albeit from a low base. A 344.4% year-on-year rise took the multiplatform revenue for the year to $222,400.