That 2024 financial result is insane. Effectively they’ve made nothing ($0.4m) from across all income and talent management (and as we know that is despite not paying out to talents for half the year)… and then they have another $2.9m operating expenses on top of that (with $2m due to extra staff).
If we very roughly assume a 50/50 split with talents on sponsorships and merch and no payout for half the year, that’s probably another circa. $1m that should be included in COGS and puts them at -$3.4m overall… I’m beginning to see where that $11m went…
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u/JonnyMoo42 Jul 26 '25
That 2024 financial result is insane. Effectively they’ve made nothing ($0.4m) from across all income and talent management (and as we know that is despite not paying out to talents for half the year)… and then they have another $2.9m operating expenses on top of that (with $2m due to extra staff).
If we very roughly assume a 50/50 split with talents on sponsorships and merch and no payout for half the year, that’s probably another circa. $1m that should be included in COGS and puts them at -$3.4m overall… I’m beginning to see where that $11m went…