Astralis report shows it lost $8.5M million through 2020

William Davis Published 16/03/2021

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. 

Read Also

Counter-Strike

IEM Cologne Major 2026 CS2 Stage 3 Pick’Em Predictions Owen Harsono It’s that time of the year again, as the next Counter-Strike 2 Major is right around the corner. The IEM Cologne 2026 Major is set to start on June 2, meaning you still have some time to lock in your Pick’Em predictions. The Pick’Em Challenge is one of the most exciting parts of the CS2 Majors, as it allows you to test your knowledge and predict which teams make it ...

Counter-Strike

Team Spirit concede just 10 rounds in Stage 2 of the IEM Cologne Major Owen Harsono It was pretty weird seeing Team Spirit having to start the IEM Cologne Major from Stage 2, but they quickly proved why that was a mistake. With donk shooting on all fronts, the Eastern Europeans speed ran the competition to book their spot in Stage 3. With how they’ve been playing, it’s hard not to wonder whether they can actually win the entire thing. These boys can sometimes be known ...

Counter-Strike

BIG pull off 0-12 comeback to stay alive – IEM Cologne Major Stage 1 recap Owen Harsono We’ve just witnessed arguably the worst choke in Counter-Strike Major history, and we’re only on the first stage of the IEM Cologne Major. If you didn’t tune into the Stage 1 matches, here’s what you need to know heading into Stage 2. Many fans tend to underestimate Stage 1 teams for fair reasons, but some survivors in this tournament look extremely promising. Two Eastern European teams, BetBoom Team and B8, ...

Counter-Strike

Who will win the IEM Cologne Major 2026? Owen Harsono If you’re looking to play it safe and back one team at the Counter-Strike 2 IEM Cologne 2026 Major, traders prediction markets platforms have a clear frontrunner – it’s Team Vitality. But if it’s not meant to be, there are a few other candidates that could lift the trophy. Here’s what traders on Polymarket and Kalshi think. If you haven’t been watching CS2 this year and are only jumping on ...

Counter-Strike

The 10 best CS2 players who have never won a Major Owen Harsono In Counter-Strike, winning a Major immediately puts you into legend status. It’s an achievement that proves you won the game’s biggest trophy. However, there have been some really good players that could never get their hands on the biggest trophy that Counter-Strike esports has to offer. Here is WIN.gg's list of best CS2 players who have never won a Major. ScreaM is one of Counter-Strike's most famous players for one ...

Counter-Strike

IEM Cologne Major 2026: All the teams, favorites, and outright betting odds Owen Harsono Mark your calendars, as the IEM Cologne Major kicks off on June 2, 2026. We’re going to see the best teams in the world compete, but which ones are actually favored to take the title? This will be the first time in 10 years that IEM Cologne will return as a Counter-Strike Major, so the stakes this year are much higher than they’ve been in a decade. In this guide, ...

Esports Betting

All IEM Cologne winners and rosters in Counter-Strike history Owen Harsono IEM Cologne is one of Counter-Strike’s biggest events, happening every single year. Some seasons, the event is labeled as one of Valve’s two Counter-Strike Majors of the year, but if not, still stands as one of the big events every player chases to win. With the IEM Cologne 2026 Major right around the corner, let’s take a trip down memory lane and check out every single winner of the tournament, ...