Gfinity increases revenue and user base

Electronic sport (e-sports) agency Gfinity has grown revenue by more than 700 per cent and significantly increased its user base, according to interim results released today (17 March).

Gfinity has launched a partnership with Vue
Gfinity has launched a partnership with Vue

Revenue increased to £145,401 compared to £16,303 this time last year while the agency's registered user base has increased from 43,000 as at 30 June 2014 to more than 300,000 at the end of December.

Neville Upton, co-founder and chief executive of Gfinity, said: "The company crossed a number of major milestones during the first half as we ramp up our operations to take advantage of the booming global market for eSports. During this period, Gfinity established a strong reputation for the quality of our events and production, achieved a six-fold increase in registered users and made an excellent debut on AIM that provides us with a solid equity capital base to drive growth further."

Gfnity staged G3 at the Copperbox arena at the Queen Elizabeth Olympic Park last year, the third Gfinity branded off-line competition and the UK’s largest ever eSports event. 

In February, Gfinity announced a strategic collaboration with Vue Cinema to create the UK's only dedicated eSports event arena at Fulham Broadway, London.  2015 will see Gfinity host approximately 25 live events at its new eSports venue, The Gfinity Arena. Live tournaments will be hosted every weekend and on selected weekday evenings, building on the success of last year's G3 event. 

More: Gfinity hired for Call of Duty Championships

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