Astralis report shows it lost $8.5M million through 2020

Josse Van Dessel • March 16, 2021 9:55 pm

The Astralis Group has unveiled its annual financial results, with the organization producing an $8.5 million operational loss over the past year.

The Astralis Group, which field rosters in popular titles including Counter-Strike: Global Offensive and League of Legends, has to make its yearly revenue public as it is a public company. In the past year, the team earned around $8.26M with the lion’s share coming from its CSGO team. The four-time major winners brought in $6M in revenue, with the LoL team only earning $1.3M for Astralis.

While this revenue seems high, it doesn’t cover operational costs. Astralis Group reported an $8.5M loss over the same period of time. The lack of LAN competition and worldwide economic stagnation impacted the organization’s finances. 

Astralis Group has invested in several franchised leagues. In the past, it has signed long-term deals to compete in the ESL Pro League, BLAST Premier, and the League of Legends European Championship. These franchising agreements give Astralis a part of the revenue from these events, and the financial report points towards those agreements as the way forward.

“[These leagues] have all shown significant progress and sustainability regarding funds distributed to the teams, the interest from new teams in buying into the leagues, and the transactions of rights that have already taken place for amounts far above original value. On this basis, we believe that our three franchise slots and participation rights are significantly underrepresented in our accounts,” Astralis said.

How does Astralis make money?

Astralis makes the most the money from sponsorship agreements. More than half of its revenue is generated by deals with advertising companies including Garmin, Universal Music, Hummel, and Lunar. Prize money and league revenue only amount to 26% of the Astralis’ earnings.

Astralis had a few things go their way in the past year, with the transfer of CSGO player Patrick “es3tag” Hansen being signed after his contract with Heroic expired, only to be sold to Cloud9 in a $2.1M deal. 


The numbers say these are the top 10 teams in CSGO

Nick Johnson • September 24, 2020 6:44 pm

Before TI9, these are the ten highest earning esports organizations

Neslyn Apduhan • August 15, 2019 10:31 pm

Highest earning esports players in Dota 2, Fortnite, League, CSGO

Olivia Richman • October 31, 2019 10:34 pm

Who owns every team in the Overwatch League?

Steven Rondina • February 24, 2020 11:29 pm

Breaking down The International 2019’s field of teams

Marta Juras • August 15, 2019 9:15 pm

VKLiooon wins Hearthstone Grandmasters in dominant fashion

Marta Juras • November 6, 2019 12:33 am