The gaming and e-sports firm reported $47.2 million in first-quarter revenue, up 57 per cent from the same time last year, and a net loss of about $11 million, down from roughly $13.5 million. (The Logic)

Talking point: Enthusiast said the revenue bump came in part from increased content, such as e-sports, viewership; more subscriptions; and growth from two of its recent acquisitions: Addicting Games and Outplayed, the owner of a large League of Legends fan community. Enthusiast reported its audience was up 14 percent at 11.3 billion views. In the early days of the pandemic, stay-at-home orders contributed to a big surge in viewership, a spike on which the company hoped to capitalize. The company’s shares were down 36 per cent this year before Enthusiast posted earnings after markets closed Monday, but they closed up nearly 33 per cent Tuesday with one analyst calling its stock “an attractive” offering. Meanwhile, another Toronto-based e-sports company, Overactive Media, also reported a large first-quarter revenue gain, but a wider net loss due to higher operating costs.