The business started generating revenue with a series of acquisitions earlier this year. When including the acquisitions of Yardbarker, Futbol Sites and Two-Up Agency, Playmaker’s pro-forma revenue was $5.6m – a 109.0% increase from 2020.
After accounting for sales costs of $306,169, Playmaker’s gross profit came to $4.5m.
Operating expenses for the quarter were $3.5m, down 42.6% from 2020. Salary was the biggest operating expense at $1.7m, down from $2.9m last year.
Looking at other operating expenses, costs of advertising and commissions were $913,589, share-based compensation amounted to $212,837, professional fees were $200,165 and web services and publishing fees came to $181,272.
Operating income totaled $1.0m, after no operating income in Q3 of 2020.