- ESE Entertainment (ESE) has released a corporate update and provided shareholders with an outlook for 2022
- The company reported total financial assets of nearly $14 million at the end of the third quarter, and is awaiting final year-end financial results
- To date, ESE has completed four acquisitions, and will continue to seek new opportunities for acquisitions in the coming year
- The company aims to expand its presence in the metaverse, igaming, and the global gaming industry
- ESE is a Europe based entertainment and technology company focused on gaming, particularly on esports
- Shares in ESE Entertainment (ESE) are steady, trading at $1.40 per share
ESE Entertainment (ESE) has released a corporate update and provided shareholders with an outlook for 2022.
Financially, the company drastically increased its quarterly revenues and total assets in 2021, bringing its total assets to nearly $14 million by the end of the third quarter compared to just over $840,000 in 2020.
To date, ESE has completed four acquisitions: K1CK Esports in January 2021, WPG in April 2021, Auto Simulation Limited T/A Digital Motorsports in September 2021, and Frenzy sp. z.o.o. in November 2021.
“This has set a new base of operations for the company and put us in a stronger operational position,” said ESE CEO Konrad Wasiela. “This focus will not change, and our M&A team intends to continue to pursue synergistic acquisition targets in 2022.”
The company stated that it will “continue to seek out accretive acquisitions, with a focus on identifying potential opportunities that can add revenue.”
In November, ESE announced that its media company, Frenzy, is working with Ekstraklasa S.A. to produce the EA SPORTS FIFA tournament, Ekstraklasa Games, for the 2022 and 2023 seasons.
The company is also organizing a Valorant esports league in Europe and the eNASCAR International iRacing Series through its subsidiary Digital Motorsports.
In 2022, ESE will continue to evaluate the gaming industry, expanding its business offerings into the metaverse, igaming, and global-scale contracts with large video game publishers.
The company also aims to implement new technology and infrastructure that it can use as it pursues new acquisitions and expands its global presence.
“I want to personally thank all the shareholders that have believed in ESE and our company vision,” said Mr. Wasiela. “Our whole team has hit the ground running in 2022, and we look forward to an exciting year ahead.”
ESE is a European-based entertainment and technology company focused on gaming, particularly on esports.
Shares in ESE Entertainment (ESE) are steady, trading at $1.40 per share as of 2:57 pm EST.
