OverActive Media Reports $CAD 7.8 Million Revenue and strong growth for Q3 2025

OverActive Media, the parent company of Movistar KOI and Toronto KOI, has revealed the latest Q3 financial numbers, which saw a strong revenue increase alongside a minor reduction in operating expenses.

OverActive Media recorded a loss of $CAD 3.0 million following the termination of the VALORANT EMEA franchise agreement

According to the financial report, OverActive Media had a 14% YoY revenue increase for the third quarter ($6.9 million compared to the same period in 2024). The increase was mainly driven by growth in Events and Agencies services, one of the key business areas the company has been focusing on over the past year, alongside investments in software revenue streams.

The event production services, however, lowered overall gross margins, which were 72% in the previous year. The margins are consistent with previous quarters, which were all around 50%.  Operating expenses amounted to $5.5 million. The loss for the quarter was $3.0 million, including an approximate $0.8 million impairment charge related to its exit from the VALORANT Champions Tour (VCT) EMEA.

The termination of the deal with VCT EMEA came after Riot Games cited breaches in the team’s contractual obligations, reportedly surrounding co-streaming commitments. Its other competitive team in the Riot Games ecosystem, though, performed better: Movistar KOI came second at the LEC Season Finals and qualified for the subsequent world championship. Other rosters in Call of Duty and Free Fire have also unified under the KOI brand, and it’s expected to drive greater brand consistency across regions and titles.

CEO Adam Adamou commented on Q3 2025:

During the third quarter, we reassessed our esports portfolio to focus on titles that deliver the greatest impact for our fans, partners and shareholders. Following the termination of our VALORANT Champions Tour (VCT) EMEA agreement, we are concentrating resources on our core franchises, League of Legends in Europe, Call of Duty in North America and a targeted presence in Free Fire in Mexico, with all teams now unified globally under the KOI brand. All core titles are now either franchised or licensed properties that provide revenue share, participation in digital item revenue, live events, content and co-streaming opportunities at a reasonable cost. We expect that our exit from underperforming titles, including VCT EMEA, to be accretive to Adjusted EBITDA and operating cash flow in 2026 and beyond.

Overall, the company has been recording stronger revenue growth this year, with a 24% increase compared to the first nine months of 2024 and cash and cash equivalents of $2.4 million. According to the report, OverActive Media strengthened its liquidity with $2.0 million in debt financing from entities controlled by Board members to further support growth and working capital needs.

Leadership changes in the company in November 2025

The company announced a leadership change in its finance department, with Chief Financial Officer Rikesh Shah leaving the company on November 30. His replacement is Louis Zhang, who became Interim CFO on November 17. Prior to joining OverActive, Zhang served as Vice President, Corporate Controller at Dentsu Group Inc. and has over 12 years of professional experience in corporate controllership, audit management, and operational finance.

The report also highlighted the launch of ActiveVoices, an AI-driven language localisation platform to translate, dub, and distribute content across multiple languages instantly, without adding production cost or complexity. Through its integration in its ecosystem and distribution partnerships, the company is expected to generate recurring digital revenues over time.