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Home > Blog > Esports > Allied Esports experiences significant growth due to revival of live esports events in Q1
Esports

Allied Esports experiences significant growth due to revival of live esports events in Q1

Livia Hinton
Last updated: August 22, 2022 12:43 pm
Livia Hinton
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Esports Trading Update as of 31 March:

  • Increased viewership in online tournaments.
  • Rise in sponsorship deals for professional esports teams.
  • Improved streaming technologies leading to enhanced viewer experiences.
  • Emergence of new esports titles capturing the attention of enthusiasts.
  • Expanding global esports audience, particularly in Asia.

Note: This information is subject to change based on future developments.

Comparison of Total Revenues in the Esports Industry: Q1 2022 vs. Q1 2021

Q1 2022 Total Revenues:

Category Revenue (in USD)
Sponsorships $X
Advertising $Y
Merchandise $Z

Q1 2021 Total Revenues:

Category Revenue (in USD)
Sponsorships $A
Advertising $B
Merchandise $C

The Covid-19 pandemic has had a significant impact on the esports industry. With live events and tournaments being cancelled or postponed, esports organizations have had to adapt to a new digital landscape. This has led to increased online tournaments and competitions, as well as a surge in viewership and engagement from fans watching from home.

Furthermore, the divestment of the poker segment in esports has also played a role in reshaping the industry. Many organizations are focusing their resources and efforts on popular esports titles like League of Legends, Dota 2, and Counter-Strike: Global Offensive. This strategic shift allows for a more targeted and specialized approach to the development and promotion of these games, attracting a larger fanbase and generating higher revenues.

As a result of these changes, the esports industry has continued to thrive during the pandemic, proving its resilience and adaptability. With the ongoing digital transformation and the increasing popularity of esports, it is expected to become an even more integral part of the global entertainment industry in the coming years.

Esports Revenues in the First Quarter of 2019:

Company Revenue (in millions)
Company A 150
Company B 100
Company C 80

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By Livia Hinton
Livia Hinton is a distinguished writer with an avid interest in the gambling and online gaming sectors. With over a decade of experience, Livia has become a respected authority, known for her comprehensive coverage of casinos, sports betting, poker, and the rapidly evolving world of online gambling. Her writing is characterized by meticulous research, clear explanations, and an engaging style that appeals to both novice and seasoned gamblers. Livia's articles are valued for their in-depth reviews, strategic insights, and up-to-date industry trends, providing readers with the knowledge they need to make informed decisions and enhance their gaming experiences.
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