Social media sports and entertainment content company Playmaker Capital has released its Q4 and FY2022 financial results.
During the fourth quarter, company pro forma revenue climbed 102% year-over-year; pro forma revenue reached $19m for Q4.
Meanwhile, fourth quarter adjusted EBITDA grew by 96% year-over-year and reached $6.8m. Elsewhere, total user sessions during 2022 increased 45%.
Playmaker Capital CEO Jordan Gnat commented on the company's results by saying: “During 2022, our team continued to expand Playmaker’s sports-centric audience by increasing the company’s digital content distribution channels with additional audio, video and social offerings.
"All in all, 2022 was about integrating our operations and leveling up our team and infrastructure to deliver for our clients and to create deeper connections to our fans.
“The FIFA World Cup 2022 accelerated engagement across Playmaker’s platforms and geographies, generating above-trend financial results during the fourth quarter.”
Playmaker’s platform is currently live in 21 states throughout the US, as well as the District of Columbia and the Canadian province of Ontario. The company is poised to soon add several more states to the roster, including Ohio, Maine, Maryland and Massachusetts.
Gnat added: “When we started Playmaker in January 2021, we saw an opportunity to build a highly integrated digital media business focused squarely on the most enduringly loyal, transactional audience available today – the sports fan.
“This focus has enabled us to generate record growth and profitability even against a challenging backdrop for the broader advertising industry."
Earlier this month, Playmaker announced a 'multi-year deal' with Complexity Gaming.
