Northwire Canada EditionThursday, October 22, 2026
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Earnings

OverActive Q3 2025 Results: Revenue up 14%, Operating Expenses Down 3%; Rolls out ActiveVoices Language Localization Platform

OAM · Price

Executive Summary

  • OverActive Media reported Q3 2025 revenue of C$7.8 M, up 14% YoY, while operating expenses fell 3% to C$5.5 M.
  • Comprehensive loss widened to C$3.0 M (vs. C$0.34 M loss prior year) driven by a VCT EMEA agreement write‑off and lower gross margins; adjusted EBITDA was a C$1.3 M loss.
  • The company launched the ActiveVoices language‑localization platform, secured C$2 M of board‑member debt financing, and announced leadership changes (CFO departure, interim CFO appointment).

Key Details

  • Revenue: C$7,845 k in Q3 2025 vs. C$6,881 k in Q3 2024 (+14%). YTD revenue C$21,209 k vs. C$17,156 k (+24%).
  • Gross Profit / Margin: Q3 gross profit C$4,094 k (52% margin) down from 72% YoY; YTD gross profit C$10,774 k (51% margin).
  • Operating Expenses: Q3 C$5,535 k (‑3% YoY); YTD C$15,627 k (‑8% YoY).
  • Comprehensive Loss: Q3 loss of C$3,026 k vs. C$339 k loss prior year; YTD loss of C$6,515 k vs. C$1,612 k income prior year.
  • Adjusted EBITDA: Q3 loss of C$1,314 k (vs. breakeven last year); YTD loss of C$4,598 k vs. C$3,039 k loss prior year (‑51%).
  • Impairments: Approximately C$0.8 M intangible asset impairment related to termination of VALORANT Champions Tour (VCT) EMEA agreement.
  • Cash Position: End‑quarter cash & equivalents C$2,366 k (down 73% YoY). Post‑quarter board‑member debt financing of C$2.0 M added liquidity.
  • ActiveVoices Launch: New AI‑driven content localization platform aimed at subscription‑based recurring revenue; integrated with existing creator, agency, and brand ecosystem.
  • Strategic Moves: Terminated VCT EMEA agreement; refocused on core franchises (League of Legends EU, Call of Duty NA, Free Fire MX) under unified KOI brand. Expected to be accretive to EBITDA and cash flow in 2026+.
  • Operational Highlights: Top finish at Call of Duty Esports World Cup; LEC Summer Finals appearance; major live events (Bell Esports Challenge, Fan Expo, Comic‑Con Malaga).
  • Leadership Update: CFO Rikesh Shah departing 30 Nov 2025; Louis Zhang appointed EVP Finance & Interim CFO effective 17 Nov 2025.
  • Conference Call: Scheduled for 26 Nov 2025, 9:00 a.m. ET (registration link provided).

Notable Quotes

“Our third quarter results reinforce the resilience of our diversified model,” said CEO Adam Adamou.
“The launch of ActiveVoices is a key milestone in shifting toward subscription‑based, recurring software revenue.”


Materiality Assessment: Material – Neutral (significant financial performance disclosure with forward‑looking operational initiatives).

Read the original news release →

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