OverActive Media, the parent company of KOI and Toronto KOI, has released its financial results for the third quarter of 2025.
According to the report, the company generated CAD$7.8m (~£4.2m), an increase of 14% compared to Q3 2024.
Despite the increase, the company recorded a comprehensive loss of CAD$3m (~£1.6m) as a result of a reduced gross margin.
OverActive Media noted that one of the reasons for the loss is due to its VCT agreement being written off. In September, it was revealed that KOI would be removed from the VCT EMEA 2026 season. Riot Games highlighted that inconsistent performance and failure to meet certain obligations played a role in its decision to replace KOI with Gentle Mates for the next season of the regional VALORANT league.
Other factors, such as a reduced gross margin from an ‘event-heavy’ revenue mix and lower foreign currency translation gains compared to 2024 were also noted.
Elsewhere, the company recorded a 3% decrease in operating expenses, driven by efforts to consolidate its brands onto a single platform. In October, its Toronto Ultra Call of Duty League franchise rebranded as Toronto KOI, aligning it with its other esports teams.
“Our third quarter results reinforce the resilience of our diversified model,” said Adam Adamou, CEO and co-founder of OverActive Media. “Year to date, revenue is up 24%, and operating expenses are down 8%. That reflects the deliberate work we have done to scale our commercial engine, integrate recent acquisitions, and run a tighter, more efficient operating platform.”
With OverActive Media continuing to show signs of growth, the company announced its Chief Financial Officer, Rikesh Shah, will depart the company at the end of November. As a result, Louis Zhang has become the Executive Vice President of Finance and Interim Chief Financial Officer.
OverActive Media In 2025
Throughout 2025, OverActive Media continues to invest in various projects as it looks to cement its place as one of the world’s largest esports companies.
In October, it borrowed CAD$1m (~£539,435) to support ActiveVoices, an AI-powered global content localisation platform. The platform enables content distribution for creators and esports players across various platforms in addition to translation and dubbing.
The company continues to build long-term relationships with its partners. October saw it extend its existing partnership with telecommunications firm Bell, becoming the exclusive telecommunications sponsor for Canadian operations.
