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OverActive Media Corp (TSE:OAM)
:OAM
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Earnings Data
Report Date
Jun 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 02, 2021
|% Change Since: 4.17%
|Next Earnings Date:Jul 02, 2021
Earnings Call Sentiment|Positive
The earnings call highlighted strong revenue growth and strategic improvements, such as successful acquisitions and restructuring agreements. Despite increased operating costs and a year-to-date EBITDA loss, the overall financial and operational outlook appears positive.Company Guidance
During OverActive Media's Q3 2024 earnings call, several key metrics highlighted the company's financial performance and strategic advancements. The company reported a total revenue of $6.9 million for the quarter, a 14% increase from the previous year, and $17.2 million year-to-date, marking a 49% rise. On a normalized basis, quarter-to-quarter revenue grew by 72%, driven by strategic acquisitions such as Movistar Riders and KOI. The adjusted gross profit for Q3 was $5.1 million, with a margin of 74%, reflecting growth from digital merchandise sales. Although operating costs rose by 42% to $7.6 million, these were attributed to integration expenses for recent acquisitions. The adjusted EBITDA was nearly breakeven, showing an improvement from a $1.2 million loss last year. The company's cash position stood at $8.9 million, with a significant increase in net working capital to $9.4 million. Strategic restructuring eliminated $2 million in future liabilities, enhancing financial flexibility and solidifying OverActive Media's position in the esports market.Significant Revenue Growth
Total revenue for Q3 2024 was $6.9 million, marking a 14% increase from $6 million in Q3 2023. On a normalized basis, revenue increased by $2.9 million or 72%.
Strategic Acquisitions Boost Performance
Acquisitions of Movistar Riders and KOI have enhanced presence in Europe and Latin America, contributing to revenue growth and fan engagement.
Strong Digital Sales Performance
Toronto Ultra emerged as a top performer in Call of Duty League digital MTX sales, highlighting the ability to monetize fan engagement.
Restructuring Agreements Improve Financial Position
Recent restructuring agreements eliminated over $37 million in liabilities, securing full ownership of franchise rights with no future obligations.
Improved Adjusted EBITDA
Adjusted EBITDA for Q3 2024 showed substantial improvement from a $1.2 million loss in Q3 2023, moving towards breakeven.
Enhanced Cash Position
Cash position as of September 30, 2024, was $8.9 million with net working capital improving to $9.4 million, a 321% increase from last year.
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TSE:OAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:OAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | C$0.24 | C$0.28 | +16.67% |
| Aug 21, 2024 | C$0.22 | C$0.19 | -13.64% |
| May 27, 2024 | C$0.30 | C$0.30 | 0.00% |
| Apr 29, 2024 | C$0.32 | C$0.32 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does OverActive Media Corp (TSE:OAM) report earnings?
OverActive Media Corp (TSE:OAM) is schdueled to report earning on Jun 27, 2025, TBA Not Confirmed.
What is OverActive Media Corp (TSE:OAM) earnings time?
OverActive Media Corp (TSE:OAM) earnings time is at Jun 27, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:OAM EPS forecast?
Currently, no data Available
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