TORONTO, May 27, 2026 /CNW/ - OverActive Media Corp. ("OverActive" or the "Company") (TSXV:OAM) (OTC:OAMCF) (FRA: 0RB), a premier global esports and entertainment company for today's generation of fans, today announced its results for the three-month period ended March 31, 2026.
First quarter revenue grew 7% to a Company-record $5.4 million, gross margin expanded to 59% from 52%, and the Adjusted EBITDA loss narrowed 43% to $1.3 million, reflecting a higher-margin commercial mix and a leaner cost base. The Company reduced underlying operating costs and, subsequent to quarter-end, closed a secured debt financing for aggregate gross proceeds of approximately $1.95 million.
The Company's condensed consolidated interim financial statements and Management's Discussion and Analysis for the three-month period ended March 31, 2026 are available on the Company's website at www.overactivemedia.com and under the Company's profile on SEDAR+ at www.sedarplus.ca. Unless otherwise specified, all amounts are in Canadian dollars ($).
Financial Results Summary for Q1 2026
$CAD (000's)
Q1 2026
Q1 2025
Variance
Revenue
$5,354
$5,004
7 %
Gross Profit
$3,180
$2,616
22 %
Gross Margin
59 %
52 %
+7 pts
Operating Expenses
$4,768
$4,892
(3 %)
Adjusted EBITDA¹
$(1,285)
$(2,269)
43 %
Net Loss
$(2,495)
$(3,676)
32 %
Cash & Cash Equivalents
$5,065
$7,952
(36 %)
(1) Adjusted EBITDA is a non-IFRS measure. Refer to "Non-IFRS Measures" at the end of this press release.
CEO Commentary
"This was a strong start to the year," said Adam Adamou, CEO and Co-Founder of OverActive Media. "We grew revenue 7 percent, expanded gross margin to 59 percent from 52 percent, and cut our Adjusted EBITDA loss by 43 percent year over year. Our higher-margin commercial business is carrying more of the company, our cost base is leaner, and the gap to profitability is closing. We are executing the plan we set out, and ...
