OverActive Media Achieves Record Growth in 2024, Eyes Sustainable Expansion in 2025

OverActive Media Corp ( (TSE:OAM) ) has provided an update.

OverActive Media Corp reported a record financial performance for Q4 and FY 2024, with Q4 revenue up 134% and FY revenue up 72%, driven by strategic acquisitions and expansion into new games and regions. The company achieved a comprehensive income of $311,000, marking a significant improvement from the previous year’s loss, and is positioned for sustainable growth in 2025, with a focus on improving margins and building lasting value in the growing global esports industry.

Spark’s Take on TSE:OAM Stock

According to Spark, TipRanks’ AI Analyst, TSE:OAM is a Neutral.

OverActive Media Corp’s overall stock score reflects its strong revenue growth and strategic acquisitions, but is significantly weighed down by negative profitability, cash flow challenges, and a bearish technical outlook. The company’s progress in restructuring and reducing liabilities is promising, yet ongoing operational inefficiencies and lack of profitability limit its attractiveness.

To see Spark’s full report on TSE:OAM stock, click here.

More about OverActive Media Corp

OverActive Media Corp is a global esports and entertainment company catering to the modern generation of fans. The company focuses on expanding its presence in the esports industry through team operations, digital merchandise sales, brand partnerships, influencer business, and live events, aiming to broaden its revenue mix and geographic reach.

YTD Price Performance: 10.42%

Average Trading Volume: 8,762

Technical Sentiment Signal: Buy

Current Market Cap: C$33.36M

For a thorough assessment of OAM stock, go to TipRanks’ Stock Analysis page.